MIRA INFORM REPORT
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Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ADELAIDE MARBLE SPECIALISTS PTY LTD |
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Registered Office : |
Level 2,
139 Frome Street, Adelaide, South Australia , Zip/postal code 5000 |
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Country : |
Australia |
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Date of Incorporation : |
17.06.1997 |
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Com. Reg. No.: |
078934782 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturers of kitchen bench tops and distributor of tiles, paver, taps and bathware |
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No. of Employees : |
15 Employees |
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 240,000 |
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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 : ADELAIDE MARBLE SPECIALISTS PTY LTD
Business
address : 122 South Terrace
Town : Wingfield
Province : South Australia
Zip/postal
code : 5013
Country : Australia
Tel : +61 8 83451842
Fax : +61 8 83451846
Email : enquiries@adelaidemarble.com.au
Website : www.adelaidemarble.com.au
Registered
address : Level 2, 139 Frome Street
Town : Adelaide
Province : South Australia
Zip/postal
code : 5000
Country : Australia
Summary details
Executive Summary
Date founded or registered : 17/06/1997
Legal form : Australian Proprietary Company
Chief executive : John Miteloudis
Issued & paid up capital : AUD 3
Line of business :
Manufacturers of kitchen bench tops and
distributor of tiles, paver, taps and bathware.
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 240,000
Credit amount asked : Not described.
Statutory details
Registry Data
Registration date : 17/06/1997
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 078934782
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian
Business Number : 97078934782
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : John
Miteloudis
Designation : Director
Name : Nick
Miteloudis
Designation : Director
Name : Spiro
Miteloudis
Designation : Director
Board of directors / other
appointments
Appointments
Name : John
Miteloudis
Designation : Director and Company Secretary
Appointment date : 13/06/05
Address : C/o ADELAIDE
MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born on 16-05-1977 in Adelaide, South Australia, Australia.
Name : Nick Miteloudis
Designation : Director and Company Secretary
Appointment date : 17/06/97
Address : C/o
ADELAIDE MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born on 08-06-1943 in Agia Paraskevi, Greece. Name : Spiro
Miteloudis
Designation : Director
Appointment date : 26/10/09
Address : C/o ADELAIDE
MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born on 31-03-1980 in Nhill,
Victoria, Australia.
Staff employed : 15 employees
Share capital
Composition
Authorized Capital : AUD 3
No of shares : 3 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 3
Paid up capital : AUD 3
ownership / shareholders
How listed : Full List
Composition
Shareholder name : Jointly held by John Miteloudis & Spiro Miteloudis
Address : John Miteloudis & Spiro Miteloudis
C/o ADELAIDE MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
No. of shares : 3 Ordinary Shares
% of shares : 100%
Related companies & corporate Affiliations
Structure
Related companies
and corporate affiliations comments : None Reported
Bank & mortgages
Bank Details
Name of bank : Commonwealth Bank Of Australia
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: 1384292
Date Registered: 27-11-2006
Charge type: Fixed
Date Created: 09-11-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1490635
Date Registered: 30-07-2007
Charge type: Fixed
Date Created: 23-07-2007
Chargees Name: CBFC LIMITED
Unsatisfied Charge
Details
ASIC Charge Number: 618814
Date Registered: 18-11-1997
Charge type: Both Fixed & Floating
Date Created: 16-10-1997
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 815259
Date Registered: 09-08-2001
Charge type: Both Fixed & Floating
Date Created: 11-07-2001
Chargees Name: CBFC LIMITED
ASIC Charge Number: 928125
Date Registered: 12-03-2003
Charge type: Fixed
Date Created: 28-02-2003
Chargees Name: MERCEDES-BENZ FINANCIAL SERVICES AUSTRALIA PTY LTD
ASIC Charge Number: 932261
Date Registered: 28-03-2003
Charge type: Fixed
Date Created: 14-03-2003
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1188690
Date Registered: 28-07-2005
Charge type: Fixed
Date Created: 06-07-2005
Chargees Name: ST. GEORGE FINANCE LIMITED
ASIC Charge Number: 1268859
Date Registered: 17-02-2006
Charge type: Fixed
Date Created: 24-01-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1281796
Date Registered: 23-03-2006
Charge type: Fixed
Date Created: 03-03-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1289854
Date Registered: 18-04-2006
Charge type: Fixed
Date Created: 17-03-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number:
1321441
Date Registered:
04-07-2006
Charge type: Fixed
Date Created:
23-06-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number:
1339938
Date Registered:
07-08-2006
Charge type: Fixed
Date Created:
20-07-2006
Chargees Name: CBFC
LIMITED
ASIC Charge Number:
1339948
Date Registered:
07-08-2006
Charge type: Fixed
Date Created:
19-07-2006
Chargees Name: CBFC
LIMITED
ASIC Charge Number:
1387012
Date Registered:
06-12-2006
Charge type: Fixed
Date Created:
29-11-2006
Chargees Name: ST.
GEORGE FINANCE LIMITED
ASIC Charge Number:
1393015
Date Registered:
18-12-2006
Charge type: Fixed
Date Created: 24-11-2006
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1409103
Date Registered: 25-01-2007
Charge type: Fixed
Date Created: 05-01-2007
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1483888
Date Registered: 18-07-2007
Charge type: Fixed
Date Created: 29-06-2007
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1503110
Date Registered: 23-08-2007
Charge type: Fixed
Date Created: 27-07-2007
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1570039
Date Registered: 07-01-2008
Charge type: Fixed
Date Created: 14-12-2007
Chargees Name: CAPITAL FINANCE AUSTRALIA LIMITED
ASIC Charge Number: 1650041
Date Registered: 18-06-2008
Charge type: Fixed
Date Created: 13-06-2008
Chargees Name: ST. GEORGE FINANCE LIMITED
ASIC Charge Number: 1685338
Date Registered: 28-08-2008
Charge type: Fixed
Date Created: 08-08-2008
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge Number: 1725903
Date Registered: 01-12-2008
Charge type: Fixed
Date Created: 29-10-2008
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1793491
Date Registered: 28-05-2009
Charge type: Fixed
Date Created: 21-05-2009
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge Number: 1982104
Date Registered: 27-05-2010
Charge type: Fixed
Date Created: 23-04-2010
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge Number: 2194003
Date Registered: 24-06-2011
Charge type: Fixed
Date Created: 16-06-2011
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
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 details are
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities : The Subject is engaged as manufacturer
of kitchen bench tops and distributor of tiles, paver, taps and bathware.
Purchases
International : Asian countries
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of cutting facilities, warehouse and
administrative
office.
Branches
: In
addition, the Subject operates from showrooms located at:
333 South Road
Mile End, SA 5031
Australia
+61 8 83521265
391 Swan Street
Richmond, VIC 3121
Australia
+61 3 84568555
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : Prepayment, 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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.25 |
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UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.69.83 |
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.