MIRA
INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
WINRA PTY. LIMITED |
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Registered Office : |
44 Mickle Dandenong South Victoria 3175 |
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Country : |
Australia |
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Date of Incorporation : |
11.06.1986 |
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Com. Reg. No.: |
006583044 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturer and supplier of specialty chemical products. |
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No. of Employees : |
20 employees |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 250,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Australia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION DETAILS
Verified Address
Subject name : WINRA PTY. LIMITED
Other style / Business name : OXFORD TECHNOLOGIES
Business address : 44 Mickle Street
Town : Dandenong South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61 3 97680100
Fax : +61 3 97065733
Email : info@oxfordtech.net.au
Website : www.oxfordtech.net.au
Registered address : Suite 1, 1 Railway Crescent
Town : Croydon
Province : Victoria
Zip/postal code : 3136
Country : Australia
Postal address : P.O. Box 4500
Town : Dandenong South
Province : Victoria
Zip/postal code : 3164
Country : Australia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 11/06/1986
Legal form : Australian Proprietary Company
Chief executive : Graham John Burgen
Issued & paid up capital : AUD 100
Sales turnover : AUD 10,000,000 (Estimated non-consolidated 12 months, 30/06/2011)
Line of business : Manufacturer and supplier of specialty chemical products.
Staff employed : 20 employees
CREDIT RISK OPINION
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is adequately 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 250,000
Credit amount asked : USD 250,000
STATUTORY DETAILS
Registry Data
Registration date : 11/06/1986
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 006583044
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business
Number : 97006583044
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
MANAGEMENT / DIRECTORS
Key Management
Name : Graham John Burgen
Designation : Managing Director
Name : Colin Mark Bruerton
Designation : Sales Director
Name : Klaus Wagner
Designation : Research & Development Director
Name : Geoff Sayers
Designation : System Manager
Name : Srikanth Matam
Designation : Financial Controller
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Graham John Burgen
Designation : Director and Company
Secretary Appointment date : 04/03/94
Address : 41-43 Barrow Street
Coburg, VIC 3058
Australia
Biography : Born on 08-04-1961 in Melbourne, Victoria, Australia.
Name : Klaus Wagner
Designation : Director
Appointment date : 01/06/04
Address : 30 Elizabeth Street
Bayswater, VIC 3153
Australia
Biography : Born on 30-11-1930 in Frankfurt, Germany.
Name : Colin Mark Bruerton
Designation : Director
Appointment date : 10/09/07
Address : 23 Barrow Drive
Heathmont, VIC 3135
Australia
Biography : Born on 07-07-1958 in Melbourne, Victoria, Australia.
Staff employed : 20 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 : Colin Mark Bruerton
Address : 23 Barrow Drive
Heathmont, VIC 3135
Australia
No. of shares : 25 Ordinary Shares Shareholder
name : Klaus Wagner
Address : 30 Elizabeth Street
Bayswater, VIC 3153
Australia
No. of shares : 25 Ordinary Shares
Shareholder name : BURGEN FAMILY GROUP PTY LTD
Address : 41-43 Barrow Street
Coburg, VIC 3058
Australia
No. of shares : 25 Ordinary Shares Shareholder
name : Graham John Burgen
Address : 41-43 Barrow Street
Coburg, VIC 3058
Australia
No. of shares : 25 Ordinary Shares
RELATED COMPANIES &
CORPORATE AFFILIATIONS
Structure
Related companies and corporate affiliations comments: None reported.
BANK & MORTGAGES
Bank Details
Name of bank : National Australia Bank Limited
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 : Unsatisfied Charge Details: ASIC Charge Number: 339963
Date Registered: 07-05-1992
Charge type: Both Fixed & Floating
Date Created: 29-04-1992
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1471914
Date Registered: 25-06-2007
Charge type: Fixed
Date Created: 07-06-2007
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1737481
Date Registered: 22-12-2008
Charge type: Fixed
Date Created: 11-11-2008
Chargees Name: NISSAN FINANCIAL SERVICES AUSTRALIA PTY LTD
ASIC Charge Number: 2277896
Date Registered: 20-12-2011
Charge type: Fixed
Date Created: 09-12-2011
Chargees Name: TOYOTA FINANCE 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 : External Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 30-12-2011
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 10,000,000
Comments : 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
OPERATION DETAILS
Main activities : The Subject is engaged in manufacturing and distribution of speciality chemical products mainly for the timber, textile, leather, dry cleaning, water treatment, detergent, paint, colour, plastic, rubber, paper, electronics and special chemical industries.
Product & services : Antioxidants U.V. Absorbers Nano Materials Dyes and Pigments
Fungicides and Biocides Flame Retardants Fluorocarbons
Low sulphide liquid Sulphur dyes
Specialty products
Textile, leather and carpet auxiliaries
Purchases
International : Taiwan, China, Thailand, Indonesia
Sales
Local : Yes
International : South East Asia, Pacific Rim, Middle East, Far East, Europe
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of production facilities, administrative office and warehouse.
Branches : None reported.
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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%
2010: 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 : L/C, Prepayment, Credit up to 90 days
Sales Term
Local : Prepayment, Credit up to 90 days
International : Prepayment, Credit up to 90 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
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Indian Rupees |
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US Dollar |
1 |
Rs.53.26 |
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1 |
Rs.82.10 |
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Euro |
1 |
Rs.68.90 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SCs 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.