MIRA
INFORM REPORT
|
Report Date : |
09.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
POWER SHIELD PTY LTD |
|
|
|
|
Registered Office : |
Unit 3, 205 Camboon Road Malaga Western Australia 6090 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
31.03.2004 |
|
|
|
|
Com. Reg. No.: |
108575659 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
OEM (Original Equipment Manufacturer) distributor of uninterruptible power supplies (UPS) and power filters products. |
|
|
|
|
No. of Employees : |
13 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 190,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Identification details
Verified Address
Subject name : POWER SHIELD PTY LTD
Business address : Unit 3, 205 Camboon Road
Town : Malaga
Province : Western Australia
Zip/postal code : 6090
Country : Australia
Tel : +61 8 92093839
Fax : +61 8 92485743
Email : info@powershield.com.au
Website : www.powershield.com.au
Registered address : Unit 3, 205 Camboon Road
Town : Malaga
Province : Western Australia
Zip/postal code : 6090
Country : Australia
Summary details
Executive Summary
Date founded or registered : 31/03/2004
Legal form : Australian Proprietary Company
Chief executive : Ronny Moses Treves
Issued & paid up capital : AUD 100
Sales turnover : AUD 4,180,804 (Non-consolidated 12 months, 30/06/2011)
Net income : AUD 579,547 (Non-consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 1,578,895 (Non-consolidated 12 months, 30/06/2011)
Line of business : OEM (Original Equipment Manufacturer) distributor of uninterruptible power
supplies (UPS) and power filters products.
Staff employed : 13 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management experience : Management is reasonably experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 190,000
Credit amount asked : USD 2,000,000
Statutory details
Registry Data
Registration date :
31/03/2004
Legal form : Australian Proprietary Company
Registration no :
Australian Company Number: 108575659
Registered authority : Australian
Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 41108575659
Registry status :
Live/Active
Previous name :
None reported.
Change of legal form : None
reported.
Management / directors
Key Management
Name : Ronny Moses Treves
Designation : Managing Director
Name : Malcolm Levin
Designation : Alternate Managing Director
Board of directors / other
appointments
Appointments
Name : Ronny
Moses Treves
Designation : Director
Appointment date : 31/03/04
Address : 54
Ivory Street
Noranda, WA 6062
Australia
Biography : Born
on 30-08-1964 in Johannesburg, South Africa.
Name : Malcolm
Levin
Designation : Director and Company Secretary
Appointment date : 31/03/04
Address : 21
Park Road
Mount Lawley, WA 6050
Australia
Biography : Born
on 18-01-1963 in Perth, Western Australia, Australia.
Staff employed : 13 employees
Share capital
Composition
Authorized Capital : AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
ownership / shareholders
How listed : Full List
Composition
Shareholder name MSBP PTY LTD
Address 247 Swan Street
Yokine, WA 6060
Australia
No. of shares 50 Ordinary Shares
% of shares 50%
Shareholder name TREVES FAMILY INVESTMENTS PTY LTD
Address 176 Widgee Road
Noranda, WA 6062
Australia
No. of shares 50
Ordinary Shares
% of shares 50%
Related companies & corporate Affiliations
Structure
Related companies and corporate affiliations comments : None Reported
Bank & mortgages
Bank Details
Name of
bank :
Bank Of Western Australia Ltd
Address :
Australia
Account
details :
Current Account
Comments : It is generally not the policy of local
banks to provide credit status information to non related parties, however
interested parties would be advised to consult first with the Subject if
banker's references are required.
Mortgages
ASIC Charge Number: 1101481
Date Registered: 11-11-2004
Charge type: Fixed
Date Created: 02-11-2004
Chargees Name: BANK OF WESTERN AUSTRALIA LTD
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Provided
by the Subject
Financial statement date : 30/06/11
Type of accounts : Full audited
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 06-11-2011
Summarized
Financial Information
|
Consolidation
type : |
Non Consolidated |
Non Consolidated |
|
Currency : |
Australia Dollar
(AUD) |
Australia Dollar
(AUD) |
|
Denomination : |
(x1) One |
(x1) One |
|
Date
of financial year end : |
30/06/11 |
30/06/10 |
|
Length
of accounts : |
12 months |
12 months |
|
Sale turnover /
Income : |
4,180,804 |
3,163,387 |
|
Profit before
tax : |
827,926 |
478,714 |
|
Net income : |
579,547 |
337,477 |
|
Total assets : |
1,578,895 |
1,239,934 |
|
Total
liabilities |
311,418 |
415,205 |
|
Share equity |
1,267,477 |
824,729 |
Comments : The audited financial information was
provided by Mr. Ronny Moses
Treves.
The Subject is classified
as a small proprietary company by the Australian Securities & Investments Commission
hence is not required to disclose their financial statement.
A proprietary company is
defined as small for a financial year if it satisfies at least two of the
following:
- The consolidated revenue for
the financial year of the company and any entities it controls is less than $25
million;
-The value of the
consolidated gross assets at the end of the financial year of the company and
any entities it controls is less than $12.5 million, and
-The company and any
entities it controls have fewer than 50 employees at the end of the financial
year.
Operation details
Main activities The Subject is engaged as OEM
(Original Equipment Manufacturer) distributor of uninterruptible power supplies
(UPS) and power filters products.
The Subject's products are
marketed under the brand name PowerShield.
Product & services - Power Shield UPSs 500 to 320,000 VA
- Power filters, surge diverters and power conditioners
- Commissioning services
- Repairs and Maintenance services
- Power audits services
Brand : PowerShield
Purchases
International : China, Taiwan, Israel
Sales
Local : Yes
International : Papua New Guinea, Fiji, SIngapore
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of an administrative office
and warehouse.
Branches : None reported.
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2007:5.2 %
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
Government bond
ratings Standard & Poor's: AAA-/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 1.258 trillion
Largest
companies in the country : Commonwealth Bank (Banking), BHP
Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials),
National Australia Bank (Banking), ANZ Banking (Banking), Telstra
(Telecommunications)
Trade & Competitiveness Overview
Total exports US$210.7
billion
Exports commodities coal,
iron ore, gold, meat, wool, alumina, wheat
Total imports US$187.2
billion
Imports commodities machinery and
transport equipment, computers and office machines, telecommunication equipment
and parts, crude oil and petroleum products
Export - major partners Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany
5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows 2007: US$16,822 million
2008: US$32,819 million
2009: US$ 18,426 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 16
(ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population :
22.23 million
Total area :
7,692,024 km2
Capital : Canberra
Currency : Australian Dollars (AUD)
Internet
users as % of total population
: 74.00%
Payment history
Purchase Term
International : Telegraphic transfer, Credit 60 days
Sales Term
Local : Credit 30-60 days
International : Credit 30-60 days
Trade Reference/
Payment Behaviour
Comments : As local and international trade references
were not supplied, the Subject's payment track record history cannot be
appropriately determined but based on our research, payments are believed to be
met without delay.
Investigation Note
Sources : Interviews and material provided by the
Subject
: Other
official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.78 |
|
UK Pound |
1 |
Rs.81.32 |
|
Euro |
1 |
Rs.69.42 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.