MIRA INFORM REPORT
|
Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AFC GROUP PTY. LTD. |
|
|
|
|
Registered Office : |
93-97 Merrindale Drive, Croydon South , Victoria, Zip/postal code 3136 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
02.04.1992 |
|
|
|
|
Com. Reg. No.: |
055685875 |
|
|
|
|
Legal Form : |
Australian
Proprietary Company |
|
|
|
|
Line of Business : |
Design, manufacture and integration of fibre optic communication solutions |
|
|
|
|
No. of Employees : |
90 Persons |
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 130,000 |
|
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 : AFC GROUP PTY. LTD.
Business address : 93-97 Merrindale Drive
Town : Croydon South
Province : Victoria
Zip/postal code : 3136
Country : Australia
Tel : +61 3 97374200
Fax : +61 3 97374299
Email : contact@afcgroup.com.au
Website : www.afcgroup.com.au
Registered address : 93-97 Merrindale Drive
Town : Croydon South
Province : Victoria
Zip/postal code : 3136
Country : Australia
Summary details
Executive Summary
Date founded or
registered : 02/04/1992
Legal form : Australian Proprietary Company
Chief executive : Anthony Douglas MacLeod
Issued & paid up
capital : AUD 37,500
Line of business : Design, manufacture and integration of
fibre optic communication solutions.
Staff employed : 90 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 130,000
Credit amount asked : USD 50,000
Statutory details
Registry Data
Registration date : 02/04/1992
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 055685875
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 32055685875
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Anthony Douglas MacLeod
Designation : Managing Director
Name : David Henderson
Designation : General Manager
Name : Tracy Nicholson
Designation : Chief Financial Officer
Board of directors / other
appointments
Appointments
Name : Anthony Douglas MacLeod
Designation : Director and Company Secretary
Appointment date : 02/04/92
Address : 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
Biography : Born on 23-12-1957 in Melbourne, Victoria, Australia.
Staff employed : 90 employees
Share capital
Composition
Authorized Capital : AUD 37,500
No of shares : 37,500 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 37,500
Paid up capital : AUD 37,500
ownership / shareholders
How listed : Full List
Composition
Shareholder name : KESWICK OAKS PTY. LTD.
Address : 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
No. of shares : 33,750 Ordinary Shares
Shareholder name : PROLERT SECURITY PTY. LTD.
Address : 141 St Georges Road
Fitzroy North, VIC 3068
Australia
No. of shares : 3,750 Ordinary Shares
Related companies & corporate Affiliations
Structure
Name : KESWICK OAKS PTY. LTD.
Affiliation type : Parent Company
Address : 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
Name : AFC GROUP PTY. LTD.
Affiliation type : Associate
Address : Unit 8, 11 Orbit Drive
Rosedale, North Shore, Auckland
0632
New Zealand
Bank & mortgages
Bank Details
Name of bank : Westpac Banking Corporation
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: 439089
Date Registered: 17-05-1994
Charge type: Both Fixed & Floating
Date Created: 06-05-1994
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 741189
Date Registered: 22-03-2000
Charge type: Fixed
Date Created: 15-03-2000
Chargees Name: CBFC LIMITED
ASIC Charge Number: 952736
Date Registered: 19-06-2003
Charge type: Both Fixed & Floating
Date Created: 07-05-2003
Chargees Name: KESWICK OAKS PTY. LTD.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
Operation details
Main
activities The Subject is engaged in
design, manufacturing and integration of fibre optic communication
solutions.
Product & services
· Fibre Cable
· Fibre Assemblies
· Fibre Enclosures & Accessories
· MTP Cabling System
· Fibre Termination & Splicing Test, Inspect & Locate Copper Cabling System Racks & Ducting
· Fibre Passive Devices
· Uninterruptible Power Supply (UPS)
Purchases
Local : Yes
International : Japan, United Kingdom, Taiwan, China,
United States
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of manufacturing facility,
warehouse and administrative office.
Branches
In addition, the Subject operates from branch offices located at:
Unit 40, 5 Inglewood Place
Baulkham Hills NSW 2153
Australia
Tel: + 61 2 9421 4200
1/32 Robinson Avenue
Belmont WA 6104
Australia
Tel: + 61 8 6253 2200
Unit 6, 333 Queensport Road North, Murarrie QLD 4172
Australia
Tel: + 61 7 3292 1400
Level 3, 169 Fullarton Road
Dulwich SA 5065
Australia
Tel: + 61 8 8330 4009
Level 5, City West Tower A
7 London Circuit
Canberra ACT 2600
Australia
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
Local : Prepayment, Credit 30-60 days
International : L/C, Credit 30-60 days
Sales Term
Local : Prepayment, Credit 30-60 days
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.51.93 |
|
UK Pound |
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
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.