MIRA INFORM REPORT
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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ANYWARE CORPORATION PTY LTD |
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Formerly Known As : |
ANYWARE COMPUTER ACCESSORIES PTY LIMITED |
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Registered Office : |
D3 Campus Business Park', |
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Country : |
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Date of Incorporation : |
07.05.2001 |
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Com. Reg. No.: |
096717056 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Import, wholesale & distribution of computer products and accessories |
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No. of Employees : |
70 |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Verified Address
Subject name : ANYWARE CORPORATION PTY LTD
Business address : 'D3 Campus Business Park'
350-374 Parramatta Road
Town : Homebush
Province : New South Wales
Zip/postal code : 2140
Country : Australia
Tel : +61 2 96418888
Fax : +61 2 96418800
Email : sales-syd@anyware.com.au
Website : www.anyware.com.au
Registered address : 'D3 Campus Business Park'
350-374 Parramatta Road
Town : Homebush
Province : New South Wales
Zip/postal code : 2140
Country : Australia
Comments : The provided address 42 Henderson Road, Rowville, VIC 3178, Australia belong to the Subject's branch office and warehouse.
Executive Summary
Date founded or registered : 07/05/2001
Legal form : Australian
Proprietary Company
Chief executive : Garrison Huang
Issued & paid up capital
: AUD 2,963,077.46
Sales turnover : AUD
10,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Import, wholesale &
distribution of computer products and accessories.
Staff employed : 70 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 300,000
Credit amount asked : USD 300,000
Registry Data
Registration date : 07/05/2001
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
096717056
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian
Business Number: 93096717056
Registry status : Live/Active
Previous name : The Subject was previously known as ANYWARE COMPUTER ACCESSORIES PTY
LIMITED and changed to the current style on 24/06/2011.
Change of legal form : None reported.
Key Management
Name : Garrison Huang
Designation : Managing Director
Name : Phillip Deng
Designation : Accounts Manager
Name : Badwi Elaro
Designation : Warehouse Manager
Name : Matthew Keats
Designation : IT Manager
Appointments
Name : Garrison Huang
Designation : Director and Company Secretary
Appointment date : 07/05/01
Address : 166 Boundary Road
Narre
Warren East, VIC 3804
Australia
Biography : Born on 13-03-1964 in
Shanghai, China.
Staff employed : 70 employees
Composition
Authorized Capital : AUD 2,963,077.46
No of shares : 1,000 Ordinary Shares
Share par value : No par value
Issued capital : AUD 2,963,077.46
Paid up capital : AUD
2,963,077.46
How listed : Full List
Composition
Shareholder name : AUSTRALIAN PC ACCESSORIES PTY LTD
Address : Suite 4, 342-344 South Road
Hampton
East, VIC 3188
Australia
No. of shares : 900 Ordinary Shares
% of shares : 90%
Shareholder name : AZA INTERNATIONAL (AUST) PTY LTD
Address : 8 Meriton Place
Clayton
South, VIC 3169
Australia
No. of shares : 100 Ordinary Shares
% of shares : 10%
Name : AUSTRALIAN PC
ACCESSORIES PTY LTD
Affiliation type : Parent Company
Address : Suite 4, 342-344 South Road
Hampton
East, VIC 3188
Australia
Name : ANYWARE COMPUTER
ACCESSORIES NZ LIMITED
Affiliation type : Sister Company
Address : Unit F, 6 Henderson Place
Te Papapa, Auckland 1061, New Zealand
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 : None
reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
FINANCIAL DATA
Description
Source of financial statement
: Industry Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1 USD = AUD 0.97 as of
19-04-2012
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 : 10,000,000
Comments : 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.
Main activities : The Subject is engaged in import,
wholesale & distribution of computers products and
accessories.
Product & services :
· Computer
· Computer Accessories
· Gaming products
· Mobile Phones
Brand :
Anyware, LUXA2, 8ware, A4
Tech, AD Captain, Adesso, AGFAPHOTO,
Akai, Altec Lansing, Altusen,
Amacrox, Aten, AVerMedia, Bliss, Brateck,
Compro, Deepcool, Enzatec,
FOXTEL Digital, Fractal Design, Gyration,
Huntkey, iWALK, Kaspersky,
Kingston, KStar, Lamptron, Lapramp,
LEDware, LinkBasic, mbeat,
Microjet, Mionix, Moshi, Mygica, nKliq,
Noontec, OverBoard, Pelican,
Plantronics, Sunix, Symantec, Thermaltake,
TP-Link, Trend Micro,
U-BOARD, Upsonic, Welland, Winstars
Purchases
International : Taiwan, United States, South Korea, Japan,
China, Europe, Thailand
Sales
Local : Yes
International : New Zealand
Key events : 28 June 2011
Is Anyware preparing to list
on the stock exchange?
Now a corporation, that option will "remain open" in the
future, MD claims Anyware has overhauled its business structure, changing its
name, ABN and bank account details as it becomes a corporation in preparedness
to
attract further investment.
Anyware Computer Accessories will now trade as Anyware Corporation
Pty Ltd.
Managing director, Garrison Huang, said the name rebranding
reflected the distributor’s decision to diversify its portfolio beyond
computers and components.
It is actively looking for vendor partners in spaces such as Apple
accessories and smartphones, and has recently signed on to distribute iWalk –
an Apple certified vendor of battery and power extension product for iPhone and
other smartphones.
Anyware added its first Apple accessories vendor partner, Moshi,
in June,
2010.
This drive for expansion also saw the vendor increase its warehouse space and consider markets such as industrial racks in late 2010.
“I
can’t complain about how business is going, but I would like to see stronger
growth,” Huang said. “As we’ve grown to a reasonable size we’re affected to a
larger extent by the Australian economy.” As a trust, which Anyware Computer
Accessories had traded as, there was a limit to the outside investment and
shareholders the company could attract. As a corporation, that scope is
expanded considerably. Huang was coy when asked whether the distributor would
be making an IPO in the future.
“There
are no imminent plans, but it remains an option,” he said. “This move has been
to prepare our business for future growth.”
Resellers
and Anyware vendor partners should not expect any disruption in business as a
result of these changes, Huang said.
27
May 2011
Anyware
seals exclusive partnership with Mionix
It
will be stocking the high-end gaming products from June 1.
Melbourne-based
computer accessories distributor, Anyware Computer Accessories, has signed an
exclusive partnership with Swedish vendor Mionix Gaming Gear.
Anyware
marketing manager, Cameron Anstee, said adding another gaming brand to its
portfolio strengthens its position in marketplace.
“We
see Mionix as another company focused on producing quality products for a
market they know, understand and are passionate about.
They
are a great partner for Anyware and we share all the same values and
aspirations,” Anstee said.
Mionix
co-founder, Peter Nygren, said it was looking forward to having a long term
co-operation with Anyware and supplying high-end gaming gear into the
Australian market.
“We
have many new products in development and we know that Anyware is the adequate
partner with the expertise and knowledge to achieve our important mission to
reach out to all end-users in Australia,” Nygren said.
27
August 2010
Anyware
expands warehouse and product portfolio
The
distributor moves into a new warehouse in Homebush and is also looking at
expanding its line-up into offering industrial racks Distributor, Anyware
Computer Accessories, has expanded its Sydney warehouse as it prepares for
further growth.
The
distributor is also stepping into other market areas like industrial racks.
Managing
director, Garrison Huang, said the company wanted to ensure it could grow its
business without having to worry about space. The new facility is based in
Homebush and measures 2600sqm.
“We
want our staff to feel more positive and we’re trying to refresh ourselves. For
us, it’s very big because we only deal with accessories and don’t do other big
products,” Huang said. “Having all this space is making us look into other
markets like industrial racks.”
Anyware
also provides networking products, cables and UPS devices. Huang said stepping
into the industrial rack space was a natural product progression.
He
said it had set itself a deadline to begin working out of the new offices in
September, but it would still operate out of its old facility based in
Gladesville.
11
June 2010
Anyware
adds Apple accessories to distribution line-up
Apple
Australia played a minor role in help the distributor land an agreement with
US-based accessory vendor, Moshi
Anyware
Computer Accessories has been appointed national distributor for third-party
Apple accessory vendor, Moshi.
The
US-based vendor’s product line includes electronics and accessories ranging
from protectors, mini HDMI, screen cleaning kits, as well as cases for the
MacBook and iPhone, keyboards and card readers.
Anyware
is distributing Moshi products to Apple Australia both through its online and
retail stores.
Anyware
marketing manager, Cameron Anstee, said it had identified Apple products as a
growing market.
"We
wanted to make a splash in this area,“ he said. "Moshi is supported by
Apple in the US and Australia, and its something that can put us on the map in
this market."
"They
[Apple] had a minor involvement in helping us strike the deal with Moshi, which
is a feather in our cap. We’ve always done niche accessories covering various
areas, and hopefully this will pave the way for bigger and better things as the
market continues to grow."
In May, the distributor restructured staff and
its pricing model
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 branch
offices located at:
42 Henderson Rd
Rowville, VIC 3178
Australia
Tel: +61 3 9212 8400
17 Huntington Place
Banyo, QLD 4014
Australia
Tel: +61 7 3326 1600
Unit 6/15 Walters Dve
Osborne Park, WA 6017
Australia
Tel: +61 8 9242 8588
21 Alice Street
Findon, SA 5023
Australia
Tel: +61 8 8349 1700
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 64,351
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
2011: 3.0%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2010:5.2 %
2011: 5.0%
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
2011: 24.1%
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 :
Westpac Banking Group (Major Banks),
BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major
Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks),
Telstra (Telecommunications services), Wesfarmers (Food Retail)
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 2008: US$46,722 million
2009: US$22,572 million
2010: US$32,472 million
FDI Outflows 2008: US$32,819 million
2009: US$18,426 million
2010: US$26,431 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 142, 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
: 76.00%
Purchase Term
International : L/C, Telegraphic transfer,
D/P, Credit up to 90 days
Sales Term
Local : Cash, Bank
transfer, Credit card, Credit 30-60 days
International : Prepayment,
Telegraphic transfer, 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.51.89 |
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UK Pound |
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
|
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 |
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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.