MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	495403
Report Date :	07.03.2018

IDENTIFICATION DETAILS

Name :	ZANY TRADING LIMITED

Registered Office :	7 Windsor Street, Parnell Auckland 1052

Country :	New Zealand

Date of Incorporation :	15.06.2007

Com. Reg. No.:	1950539

Legal Form :	Private Limited Liability Company

Line of Business :	The Subject is engaged in the distribution, supply and wholesale of stationery, art and giftware products.

No. of Employees :	Less than 10

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

New Zealand

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

NEW ZEALAND - ECONOMIC OVERVIEW

Over the past 40 years, the government has transformed New Zealand from an agrarian economy, dependent on concessionary British market access, to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes, but left behind some at the bottom of the ladder and broadened and deepened the technological capabilities of the industrial sector.

Per capita income rose for 10 consecutive years until 2007 in purchasing power parity terms, but fell in 2008-09. Debt-driven consumer spending drove robust growth in the first half of the decade, fueling a large balance of payments deficit that posed a challenge for policymakers. Inflationary pressures caused the central bank to raise its key rate steadily from January 2004 until it was among the highest in the OECD in 2007 and 2008. The higher rate attracted international capital inflows, which strengthened the currency and housing market while aggravating the current account deficit. Rising house prices, especially in Auckland, have become a political issue in recent years, as well as a policy challenge in 2016 and 2017, as the ability to afford housing has declined for many.

Expanding New Zealand’s network of free trade agreements remains a top foreign policy priority. New Zealand was an early promoter of the Trans-Pacific Partnership (TPP) and was the second country to ratify the agreement in May 2017. Following the United States’ withdrawal from the TPP in January 2017, on 10 November 2017 the remaining 11 countries agreed on the core elements of a modified agreement, which they renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In November 2016, New Zealand opened negotiations to upgrade its FTA with China; China is one of New Zealand’s most important trading partners.

Source : CIA

IDENTIFICATION
Verified
Subject name:	ZANY TRADING LIMITED
Address:	Unit H, 132 Marua Road Mount Wellington		Postal address:	PO Box 28-672 Remuera
Town:	Auckland		Town:	Auckland
Zip/postal code:	1051		Zip/postal code:	1541
Country:	New Zealand
Telephone:	+64 (9) 5710003
Mobile phone:	+64 21521758 (Mr. Scott Pheloung)
Fax:	+64 (9) 5710003
Email:	info@zany.co.nz
Website:	www.zany.co.nz
Remarks:	The Subject's registered address is: FRANK ACCOUNTING LIMITED 7 Windsor Street, Parnell Auckland 1052 New Zealand

EXECUTIVE SUMMARY
Date registered:	15-06-2007
Legal form:	Private Limited Liability Company
Main activities:	Wholesale trader of stationery and giftware products.
Employees:	Less than 10

REGISTRY DATA
Key Facts
Date registered:	15-06-2007
Legal form:	Private Limited Liability Company
Registration no:	1950539
Registry auth.:	Registrar of Companies
Tax number:	NZBN: 9429033351407
Registry status:	Live/Active

LEGAL FILINGS
Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None

MANAGEMENT & STAFF
Key Managers
Name:	Robyn Jan Pheloung
Job title:	Director

Name:	Scott Robert Pheloung
Job title:	Director

Staff
No of employees	Less than 10

BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	Robyn Jan Pheloung
Board function:	Director
Date appointed:	15-06-2007
Address:	5 Rothesay Street, Remuera Auckland, 1050 New Zealand

Name:	Scott Robert Pheloung
Board function:	Director
Date appointed:	15-06-2007
Address:	5 Rothesay Street, Remuera Auckland, 1050 New Zealand

SHARE CAPITAL
Composition
Number/type:	100 shares

Shareholders/Owners
How Listed	Full List

Composition
Name:	Robyn Jan Pheloung Scott Robert Pheloung Tony Grant Whitfield (Joint shareholding)
No. of shares:	98 shares
% of shares:	98%
Address:	TRUSTEE OF THE AIDEM FAMILY TRUST c/o 5 Rothesay Street, Remuera Auckland, 1050 New Zealand

Name:	Scott Robert Pheloung
No. of shares:	1 share
% of shares:	1%
Address:	5 Rothesay Street, Remuera Auckland, 1050 New Zealand

Name:	Robyn Jan Pheloung
No. of shares:	1 share
% of shares:	1%
Address:	5 Rothesay Street, Remuera Auckland, 1050 New Zealand

CORPORATE AFFILIATIONS
Structure
Name:	TEXTILE PRODUCTS 1971 LIMITED
Affiliation type:	Associate
Address:	24 Miami Parade Te Papapa New Zealand

BANKING & FINANCING
Charges & Mortgages	Time of Registration/PPSR Registration Date 23-Oct-2015 09:03 Debtor Name ZANY TRADING LIMITED Financing Statement Registration No. F2067ET580JF8928 Debtor Reference C41905 Org Type: Company Incorporation No: 1950539 City/Town: AUCKLAND Collateral Type: All Present And After Acquired Personal Property; Goods - Other

FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A

Comments	The Subject's financial statements were not available in the course of our investigation.

OPERATIONS & HISTORY
Activities
Full description:	The Subject is engaged in the distribution, supply and wholesale of stationery, art and giftware products.
Products/services:	Art Clocks Art & craft Supplies Bags & Carry Writing instruments Diaries Stationery Waxes & Seals Home & Living Notebooks Decorative Ranges

Sales
Export:	The Company does not export.

PROPERTY & ASSETS
Premises	The Subject principally operates from premises located at the heading address, consisting of a warehouse and administrative offices.

PAYMENTS
Purchase Terms
Local:	Prepayments Bank transfers Credits 14-30 days
Imports:	Prepayments Partial prepayments Credits 30 days net

Sales Terms
Local:	Prepayments Bank transfers Credits 14-30 days

Debt Collections/ Judgements	No negative information was found.

Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.

INVESTIGATIVE NOTES
Sources:		Interviews and material provided by the Subject Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.99
UK Pound	1	INR 89.91
Euro	1	INR 80.21
NZD	1	INR 47.29

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.