MIRA
INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TRI-FIXX PTY. LTD. |
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Registered Office : |
Unit 16, 26-30 Howleys Road Clayton Victoria 3168 |
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Country : |
Australia |
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Date of Incorporation : |
24.07.1986 |
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Com. Reg. No.: |
006612719 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Distributor of fasteners. |
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 170,000 |
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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 : TRI-FIXX PTY. LTD.
Business address : Unit 16, 26-30 Howleys Road
Town : Clayton
Province : Victoria
Zip/postal code : 3168
Country : Australia
Tel : +61 3 95438422
Fax : +61 3 95434431
Email : sales@trifixx.com.au
Website : www.trifixx.com.au
Registered address : Unit 16, 26-30 Howleys Road
Town : Clayton
Province : Victoria
Zip/postal code : 3168
Country : Australia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 24/07/1986
Legal form : Australian Proprietary Company
Chief executive : David Bruce Berry
Issued & paid up capital : AUD 100
Sales turnover : AUD 6,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Distributor of fasteners.
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 reasonably 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 170,000
Credit amount asked : Not described.
STATUTORY DETAILS
Registry Data
Registration date : 24/07/1986
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 006612719
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian
Business Number : 48458875344
Registry status : Live/Active
Previous name : JINKER PTY. LTD. (initial)
Change of legal form : None reported.
MANAGEMENT / DIRECTORS
Key Management
Name : David Bruce Berry
Designation : Managing
Director Name : Andrew Wise
Designation : National Sales
Manager Name : Colin Cooper
Designation : Warehouse
Manager Name : Travis Barker
Designation : Operations Manager
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : David Bruce Berry
Designation : Director and Company Secretary
Appointment date : 24/09/86
Address : 63 Stanley Street
Black Rock, VIC 3193
Australia
Biography : Born on 10-02-1950 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 : David Bruce Berry
Address : 63 Stanley Street
Black Rock, VIC 3193
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
RELATED COMPANIES &
CORPORATE AFFILIATIONS
Structure
Name : TRI-FIXX
(NSW) PTY LTD
Affiliation type : Associate
Address : 28 East Street
Granville, NSW, 2142
Australia
Name : TRI-FIXX
PROPERTIES PTY. LTD.
Affiliation type : Associate
Address : Unit 16, 26-30 Howleys Road
Clayton, VIC 3168
Australia
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: 702509
Date Registered: 05-07-1999
Charge type: Both Fixed & Floating
Date Created: 29-06-1999
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1689569
Date Registered: 05-09-2008
Charge type: Fixed
Date Created:26-08-2008
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
FINANCIAL DATA
Description
Source of financial statement : Provided by the Subject
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : USD = AUD 0.93 as of 28-10-2011
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 : 6,000,000
Comments : The estimated turnover was provided by Mr. Travis Barker.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at theend of the financial year.
OPERATION DETAILS
Main activities : The Subject is engaged in distribution of fasteners and other related products mainly for the construction industry.
Product & services : Screw Fasteners Tips & Sockets Masonry Anchors Masonry Drilling Suspension Fasteners
Light Duty Masonry Fixings
Chemical Anchoring
Powder Actuated Fastening
Gas Fastening
Wall Anchors & Toggles
Rivets
HSS Drill Bits
Pipe Flashings
Cutting Tools & Abrasives
Silicones, Sealants, Adhesives & Fillers
Tapes
Sealing Washers
Power Tools & Accessories
Hardware & Safety
Purchases
International : China, Taiwan, Japan, United States, Germany
Sales
Local : Yes
International : New Zealand, Papua New Guinea
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of administrative office and warehouse.
Branches : None reported.
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic
Overview Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.82 |
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1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.28 |
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.