MIRA INFORM REPORT
|
Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
B.A.T. ENGINEERING AUSTRALIA PTY LIMITED |
|
|
|
|
Formerly Known As : |
BRIGHT AIR TRADING PTY LTD |
|
|
|
|
Registered Office : |
C/O Gbs Partners, 13 The Crescent,
Penrith, New South Wale, Postal Code 2750 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
26.07.1977 |
|
|
|
|
Com. Reg. No.: |
001498228 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Manufacturing, importing, and distributing industrial, hydraulic hose, valves and fittings |
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 140,000 |
|
|
|
|
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 30th, 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 : B.A.T. ENGINEERING AUSTRALIA PTY
LIMITED
Other
style / Business name : BAT INDUSTRIAL PRODUCTS
Business
address : 37 Fouth Avenue
Town : Blacktown
Province : New South Wales
Zip/postal
code : 2148
Country : Australia
Tel : +61 2 96724455
Fax : +61 2 96724499
Email : sales@batind.com.au
Website : www.batind.com.au
Registered
address : C/o GBS PARTNERS
13 The Crescent
Town : Penrith
Province : New South Wales
Zip/postal
code : 2750
Country : Australia
Summary details
Executive Summary
Date founded or registered : 26/07/1977
Legal form : Australian Proprietary Company
Chief executive : Barry Norman Hudson
Issued & paid up capital : AUD 8
Line of business :
Manufacturing, importing, and distributing
industrial, hydraulic hose, valves and fittings.
Staff employed : 15 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 140,000
Credit amount asked : Not described.
Statutory details
Registry Data
Registration date : 26/07/1977
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 001498228
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 82001498228
Registry status : Live/Active
Previous name : The Subject was previously operating
under the name BRIGHT AIR TRADING PTY LTD and changed to the current style on
24/10/1997.
Change of legal form : None reported.
Other registration : BAT INDUSTRIAL PRODUCTS is a business
name owned by the Subject registered on 12/04/2005 under the business
registration no: NSW BN98132748.
Management / directors
Key Management
Name : Barry Norman Hudson
Designation : Managing Director
Name : Scott Anthony Hudson
Designation : Director
Name : Troy Andrew Hudson
Designation : Director
Board of directors / other
appointments
Appointments
Name : Barry Norman Hudson
Designation : Director
Appointment date : 26/07/77
Address : 42 Stingaree Point Drive
Dora Creek, NSW 2264
Australia
Biography : Born on 14-05-1947 in Concord, New South Wales, Australia.
Name : Scott Anthony Hudson
Designation : Director and Company Secretary
Appointment date : 30/09/94
Address : 16 Patriot Place
Rouse Hill, NSW 2155
Australia
Biography : Born on 19-10-1969 in Auburn, New South Wales, Australia.
Name : Troy Andrew Hudson
Designation : Director
Appointment date : 06/06/01
Address : 13 Dennisson Close
Rouse Hill, NSW 2155
Australia
Biography : Born on 29-12-1972 in Blactown, New South Wales, Australia.
Staff employed : 15 employees
Share capital
Composition
Authorized Capital : AUD 8
No of shares : 6 Dividend - V Shares / 2 Ordinary Shares
Share par value : AUD Issued capital : AUD 8
Paid up capital : AUD 8
ownership / shareholders
How listed : Full List
Composition
Shareholder
name : Barry Norman Hudson
Address : 42 Stingaree Point Drive
Dora Creek, NSW 2264
Australia
No. of
shares : 2 Dividend - V Shares / 2 Ordinary
Shares
Shareholder
name : Margaret Denise Hudson
Address : 42 Stingaree Point Drive
Dora Creek, NSW 2264
Australia
No. of shares : 2 Dividend - V Shares
Shareholder name : Troy Andrew Hudson
Address : 13 Dennisson Close
Rouse Hill, NSW 2155
Australia
No. of shares : 1 Dividend - V Share
Shareholder name : Scott Anthony Hudson
Address : 16 Patriot Place
Rouse Hill, NSW 2155
Australia
No. of shares : 1 Dividend - V Share
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
Satisfied Charge
Details
ASIC Charge Number: 290610
Date Registered: 22-05-1991
Charge type: Both Fixed & Floating
Date Created: 14-05-1991
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 795196
Date Registered: 11-04-2001
Charge type: Both Fixed & Floating
Date Created: 27-03-2001
Chargees Name: HUDSON, BARRY NORMAN & HUDSON, MARGARET
Registered Charge
Details
ASIC Charge Number: 916769
Date Registered: 16-01-2003
Charge type: Both Fixed & Floating
Date Created: 18-12-2002
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1891906
Date Registered: 07-12-2009
Charge type: Fixed
Date Created: 07-08-2009
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1950187
Date Registered: 29-03-2010
Charge type: Fixed
Date Created: 18-03-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1952021
Date Registered: 31-03-2010
Charge type: Fixed
Date Created: 25-03-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1954154
Date Registered: 07-04-2010
Charge type: Fixed
Date Created: 25-03-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1973001
Date Registered: 12-05-2010
Charge type: Fixed
Date Created: 20-04-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 2019406
Date Registered: 21-07-2010
Charge type: Fixed
Date Created: 28-06-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax
liens : None reported.
Others : None reported.
financial data
Description
Comments : The representative contacted declined to
provide any financial information until the inquiring party’s detail is
revealed.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities The
Subject is engaged in manufacturing, importing and distribution of
industrial,
hydraulic hose, valves and fittings.
Product & services Industrial Valves Hose Couplings Clamps
Industrial Hose
Ducting
Pipe Fittings & Flanges
Pneumatic Products
Stainless Steel Flexible Hoses
Flexible Bellows & Vibration Eliminators
Gauges Hose Reels Nozzles
Lubrication Products
Purchases
International : China, Italy, New Zealand, Indonesia
Sales
Local : Yes
International : Fiji, New Caledonia
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of production facilities,
warehouse and administrative office.
Branches : In addition, the Subject operates from branch
office located at:
Unit 4, 5-7 Macaulay Street
Williamstown Nth, VIC 3016
Australia
Tel: +61 3 93974948
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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%
Public debt
(General Government gross
debt as a % GDP) 2008: 4.2%
2009: 5.6%
2010: 5.2%
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
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
Local : Prepayment, Credit 30-60 days
Sales Term
International : L/C, 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.49.37 |
|
UK Pound |
1 |
Rs.78.50 |
|
Euro |
1 |
Rs.67.59 |
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.