MIRA INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PUREBABY PTY. LTD. |
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Registered Office : |
135
Cromwell Street , Collingwood, Province Victoria, Zip/postal code 3066 |
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Country : |
Australia |
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Date of Incorporation : |
29.09.2004 |
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Com. Reg. No.: |
111171950 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Sales and distribution of organic clothing wear for babies and children under the label/brand Purebaby |
RATING & COMMENTS
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MIRA’s 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 90,000 |
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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 30th, 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 : PUREBABY PTY. LTD.
Business
address : 135 Cromwell Street
Town : Collingwood
Province : Victoria
Zip/postal
code : 3066
Country : Australia
Tel : +61 3 94175344
Fax : +61 3 94175244
Email : online@purebaby.com.au
Website : www.purebaby.com.au
Registered address : 135 Cromwell Street
Town : Collingwood
Province : Victoria
Zip/postal
code : 3066
Country : Australia
Summary details
Executive Summary
Date founded or registered : 29/09/2004
Legal form : Australian Proprietary Company
Chief executive : Mirabai Winford
Issued & paid up capital : AUD 12
Line of business : Sales and distribution of organic clothing wear for babies and children under
the label/brand Purebaby.
Staff employed : 12 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is modestly experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is acceptable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 90,000
Credit amount asked : Not described.
Statutory details
Registry Data
Registration date : 29/09/2004
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 111171950
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 32111171950
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Mirabai Winford
Designation : Managing Director
Name : Sanjay Gill
Designation : Director
Name : Symone Demetriou
Designation : Marketing Manager
Board of directors / other
appointments
Appointments
Name : Sanjay
Gill
Designation : Director and Company Secretary
Appointment date : 29/09/04
Address :
Balwyn, VIC 3103
Biography : Born
on 28-01-1973 in
Name : Mirabai
Winford
Designation : Director and Company Secretary
Appointment date : 29/09/04
Address :
Balwyn, VIC 3103
Biography : Born
on 21-11-1979 in Melbourne, Victoria, Australia.
Staff employed : 12 employees
Share capital
Composition
Authorized Capital : AUD 12
No of shares : 12 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 12
Paid up capital : AUD 12
ownership / shareholders
How listed : Full List
Composition
Shareholder
name : PUREBABY HOLDINGS PTY LTD
Address : 135 Cromwell Street
Collingwood, VIC 3066
Australia
No. of
shares : 12
Ordinary Shares
%
of shares : 100%
Related companies & corporate Affiliations
Structure
Name : PUREBABY HOLDINGS PTY LTD
Affiliation type : Holding Company
Address : 135 Cromwell Street
Collingwood, VIC 3066
Australia
Name : PUREBABY (CHADSTONE) PTY LTD
Affiliation type : Sister Company
Address : Shop B126, Lower Level
Chadstone Shopping Centre
1341 Dandenong Road
Chadstone, VIC 3148
Australia
Comments : Purebaby retail store.
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 Charges:
ASIC Charge Number: 1096159
Date Registered: 26-10-2004
Charge type: Both Fixed & Floating
Date Created: 04-10-2004
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1244882
Date Registered: 01-12-2005
Charge type: Fixed
Date Created: 10-11-2005
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the end of
the financial year.
Operation details
Main activities : The Subject is engaged in the sales and distribution of organic clothing wear for babies
and children under the label/brand Purebaby.
Product &
services
· Babies clothing
· Children clothing
· Accessories
Brand : Purebaby
Purchases
Local : Yes
International : India
Sales
Local : Yes
International : New Zealand, USA, Canada, United
Kingdom, Denmark, Middle East
and Hong Kong
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office and
warehouse.
Branches : In addition, the Subject operates from
a factory outlet located at:
1 – 7 Sturt Street
Collingwood, VIC 3066
Australia
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : Prepayment, Credit 30-60 days
Sales Term
Local :
Credit Card, Cash, Bank Transfer, Credit 30-60 days
International : Prepayment, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
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 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.