MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ROBINSON GRAIN TRADING CO. PTY. LTD. |
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Registered Office : |
C/O Richard
Heckendorf & Co Pty Ltd, 15 Dandaloo Street, Trangie, New South
Wales 2823 |
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Country : |
Australia |
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Date of Incorporation : |
03.07.1997 |
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Com. Reg. No.: |
079213219 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Grain and Pulse Trading Company |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
300,000 |
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Status : |
Satisfactory |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
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Subject name : |
ROBINSON GRAIN TRADING CO. PTY. LTD. |
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Business address : |
8R Gilgandra Road |
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Town : |
Dubbo |
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Province : |
New South Wales |
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Zip/postal code : |
2830 |
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Country : |
Australia |
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Tel : |
+61 2 68844000 |
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Fax : |
+61 2 68844011 |
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Website : |
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Registered
address : |
C/o RICHARD HECKENDORF & CO PTY LTD 15 Dandaloo Street |
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Town : |
Trangie |
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Province : |
New South Wales |
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Zip/postal code : |
2823 |
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Country : |
Australia |
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Postal address : |
P.O. Box 854 |
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Town : |
Dubbo |
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Province : |
New South Wales |
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Zip/postal code : |
2830 |
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Country : |
Australia |
Summary details
Executive Summary
Date founded or registered : 03/07/1997
Legal form : Australian Proprietary Company
Chief executive : Gary Bruce Robinson
Issued & paid up capital : AUD 1
Sales turnover : AUD 65,000,000 (Estimated non-consolidated 12 months, 30/06/2010) Line of business : Grain and pulse trading company.
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 good
Organisation
structure : Organisational structure is stable
Detrimental : No detrimental records found
Payment
history : No payment delays noted
Credit
amount suggestion : USD 300,000
Credit
amount asked : Not described.
Statutory details
Registry Data
Registration
date : 03/07/1997
Legal
form : Australian Proprietary Company
Registration
no : Australian Company Number: 079213219
Registered
authority : Australian Securities & Investments
Commission
Fiscal/
Tax no : Australian Business Number: 71079213219
Registry
status : Live/Active
Previous
name : None reported.
Change
of legal form : None reported.
Management / directors
Key Management
Name : Gary Bruce Robinson
Designation : Managing Director
Name : Kerry Robinson
Designation : General Manager
Name : Geoff Capell
Designation : Logistics Manager
Board of directors / other
appointments
Appointments
Name : Gary Bruce Robinson
Designation : Director and Company Secretary
Appointment date : 03/07/97
Address : Lot 11, Wattle Street
Dubbo, NSW 2830
Australia
Biography : Born on 25-09-1956 in Tottenham, New South Wales, Australia.
Staff employed : 20 employees
Share capital
Composition
Authorized Capital : AUD 1
No of shares : 1 Ordinary Share
Share par value : AUD 1
Issued capital : AUD 1
Paid up capital : AUD 1
ownership / shareholders
How listed : Full List
Composition
Shareholder name : Gary Bruce Robinson
Address : Lot 11 Wattle Street
Dubbo, NSW 2830
Australia
No. of shares : 1 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 : 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 Charges:
ASIC Charge Number: 1648143
Date Registered: 13-06-2008
Charge type: Both Fixed & Floating
Date Created: 02-05-2008
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA Unsatisfied Charges:
ASIC Charge Number: 632409
Date Registered: 25-02-1998
Charge type: Both Fixed & Floating
Date Created: 29-01-1998
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1245877
Date Registered: 20-12-2005
Charge type: Fixed
Date Created: 28-11-2005
Chargees Name: BENDIGO AND ADELAIDE BANK LIMITED
ASIC Charge Number: 1682078
Date Registered: 20-08-2008
Charge type: Fixed
Date Created: 16-07-2008
Chargees Name: SUNCORP METWAY ADVANCES CORPORATION PTY LTD
ASIC Charge Number: 1682083
Date Registered: 20-08-2008
Charge type: Fixed
Date Created: 01-06-2008
Chargees Name: SUNCORP METWAY ADVANCES CORPORATION PTY LTD
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax
liens : None reported.
Others : None reported.
financials
Description
Source of financial
statement : Provided by the Subject
Financial statement date : 30/06/10
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 1.02 as of 26-09-2011
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/10
Length of accounts : 12 months
Sale turnover / Income : 65,000,000
Comments : The estimated turnover was provided by Mr. Adam Robinson.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities : The Subject's main activities are grain
and pulse trading.
The Subject is a family run business with over 28 years of experience in the grain
industry.
Purchase
Local : Yes
International : No imports.
Sales
Local : Yes
International : Mainly
to South East Asia, Middle East, Europe
Property & Assets
Premises :
The Subject operates from premises
located at the verified heading address consisting of
administrative office.
Branches : In addition, the Subject operates from
branch offices located at:
94 Marquis Street
Gunnedah NSW 2380
Australia
Tel: +61 2 67426357
Unit 2, Corner Tor & Rob Streets
Toowoomba QLD 4350
Australia
Tel: +61 7 4659 0755
Suite 2, Level 1 17-19 Sydney Rd
Manly NSW 2095
Australia
Tel: +61 2 99763625
Summarized country risk
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
3.3%
2009 3.6%
2010 3.3%
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: A3
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
Services)
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 : Credit 30-90 days, Cash against
documents
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.47.81 |
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UK Pound |
1 |
Rs.75.16 |
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Euro |
1 |
Rs.65.11 |
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.