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MIRA INFORM REPORT
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Report No. : |
511618 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NOVELLI
LIMITED |
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Formerly Known As : |
NOVELLI
APPAREL LIMITED |
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Registered Office : |
36
Parkway Drive, Rosedale 0632 Auckland |
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Country : |
New Zealand |
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Date of Incorporation : |
15.01.2010 |
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Com. Reg. No.: |
2388539 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
The
Subject is a creative branding agency providing promotional merchandise and
marketing for a wide range of branding solutions from corporate gifts to
customised apparel |
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No. of Employees : |
13 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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New Zealand |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company
summery
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Subject name: |
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Address: |
74 Taharoto Road Takapuna |
Postal address: |
Takapuna |
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Town: |
Town: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
+64 800808833 |
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Fax: |
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Email: |
sales@novelli.co.nz |
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Website: |
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Remarks: |
The Subject's registered
address is: 36 Parkway Drive Rosedale 0632 Auckland New Zealand |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth.: |
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Tax number: |
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Registry status: |
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Previous names: |
Present style adopted on
27-07-2012. |
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LEGAL FILINGS
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Bankruptcy filings: |
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Court judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF
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Name: |
David Pinker |
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Job title: |
Director |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Warkworth, 0985 New Zealand |
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Name: |
David Pinker |
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Board function: |
Director |
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Date appointed: |
15/01/2010 |
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Address: |
139 Clayden Road, Rd 5 Warkworth, 0985 New Zealand |
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SHARE CAPITAL
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Composition |
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Number/type: |
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Shareholders/Owners
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Warkworth, 0985 New Zealand |
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Name: |
Christine Pinker |
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No. of shares: |
120 shares |
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% of shares: |
50.00% |
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Address: |
139 Clayden Road, Rd 5 Warkworth, 0985 New Zealand |
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CORPORATE AFFILIATIONS
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FINANCIAL ACCOUNTS
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Required to file: |
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Source: |
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The Subject's financial statements were not available in
the course of our investigation. |
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OPERATIONS & HISTORY
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Full description: |
The Subject is a creative branding agency providing
promotional merchandise and marketing for a wide range of branding solutions
from corporate gifts to customised apparel. |
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Export: |
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PROPERTY & ASSETS
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The Subject principally
operates from premises located at the heading address, consisting of
administrative offices. |
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PAYMENTS
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Local: |
Bank
transfers |
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Imports: |
Prepayments |
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Local: |
Bank
transfers |
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INVESTIGATIVE
NOTES
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Sources: |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.63 |
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1 |
INR 89.70 |
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Euro |
1 |
INR 78.20 |
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NZD |
1 |
INR 47.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.