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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
RONSTAN
INTERNATIONAL PTY LTD |
|
|
|
|
Formerly Known As : |
RONSTAN HOLDINGS PTY LTD |
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|
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Registered Office : |
19-23 Park Way Braeside Victoria 3195 |
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Country : |
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|
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Financials (as on) : |
30.06.2011 |
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|
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Date of Incorporation : |
09.02.1995 |
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Com. Reg. No.: |
068111053 |
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Legal Form : |
Australian Proprietary Company |
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|
|
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Line of Business : |
Manufacturing and distribution of marine, architectural and industrial hardware products. |
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No. of Employees : |
165 employees |
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 600,000 |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : RONSTAN INTERNATIONAL PTY LTD
Business address :
19-23 Park Way
Town : Braeside
Province : Victoria
Zip/postal code : 3195
Country : Australia
Tel : +61 3 85862000
Fax : +61 3 85862099
Email : office@ronstan.com.au
Website : www.ronstan.com.au
Registered address
: 19-23 Park Way
Town : Braeside
Province : Victoria
Zip/postal code : 3195
Country : Australia
Executive Summary
Date founded or
registered : 09/02/1995
Legal form : Australian
Proprietary Company
Chief executive : Alistair Murray
Issued & paid
up capital : AUD 2,754,444.92
Sales turnover : AUD 29,659,327 (Consolidated 12
months, 30/06/2011)
Net income : AUD -651,806
(Consolidated 12 months, 30/06/2011)
Total fixed assets
: AUD 23,666,158
(Consolidated 12 months, 30/06/2011)
Line of business :
Manufacturing and
distribution of marine, architectural and industrial hardware
products.
Staff employed : 165 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
declining
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 600,000
Credit amount
asked : USD 200,000
Registry Data
Registration date
: 09/02/1995
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 068111053
Registered
authority : Australian Securities
and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 16068111053
Registry status : Live/Active
Previous name : RONSTAN HOLDINGS PTY LTD (initial)
Change of legal
form : None reported.
Key Management
Name : Alistair Murray
Designation : Chief Executive Officer
Name : Peter Dowdney
Designation : Sales Manager
Name : Carl Evans
Designation : Engineering Manager
Name : Neil Taylor
Designation : Business Development Manager
Appointments
Name : Laine Norman McCooke
Designation : Director and Company Secretary
Appointment date :
24/10/96
Address : 10 Hayes Street
Bentleigh, VIC 3204
Australia
Biography : Born on 09-01-1963 in Melbourne,
Victoria, Australia.
Name : Louis Sander
Designation : Director
Appointment date :
04/10/95
Address : Via dei Cogorno, 75
I-16033 Lavagna
Genova
Italy
Biography : Born on 25-01-1959 in United
States.
Name : Graham Walter
Cunningham
Designation : Director
Appointment date :
15/09/03
Address : Unit 2501, 26 Southgate
Avenue
Southbank, VIC 3006
Australia
Biography : Born on 25-03-1950 in
Melbourne, Victoria, Australia.
Name : Alistair Murray
Designation : Director
Appointment date :
04/10/95
Address : Unit 6, 446 Balcombe Road
Beaumaris, VIC 3193
Australia
Biography : Born on 24-12-1955 in
Melbourne, Victoria, Australia.
Staff employed : 165 employees
Key Advisors
Auditors : DELOITTE TOUCHE TOHMATSU
550 Bourke Street
Melbourne, VIC 3000
Australia
Composition
Authorized Capital
: AUD 2,754,444.92
No of shares : 4,918,783 Ordinary Shares
Share par value : No par value
Issued capital : AUD 2,754,444.92
Paid up capital : AUD 2,754,444.92
How listed : Full
List
Composition
Shareholder name :
Rowan Murray
Address : 15 Bamfield Street
Sandringham, VIC 3191
Australia
No. of shares : 358,680 Ordinary Shares
Shareholder name :
Laine Norman McCooke
Address : 10 Hayes Street
Bentleigh, VIC 3204
Australia
No. of shares : 354,442 Ordinary Shares
Shareholder name :
Jointly held by Timothy James
Melville & Anna Rose Melville
Address : 2 Myers Street
Mount Eliza, VIC 3930
Australia
No. of shares : 434,624 Ordinary Shares
Shareholder name : Alan Leland Prussia
Address : 1533 Union Street
Alameda, CA 94501
United States
No. of shares : 81,000 Ordinary Shares
Shareholder name :
PRUSSIA INVESTMENT COMPANY
Address : 1533 Union Street
Alameda, CA 94501
United States
No. of shares : 12,446 Ordinary Shares
Shareholder name :
Thomas Meyer
Address : Hejsager Strandvej 211
6100 Haderslev
Denmark
No. of shares : 25,000 Ordinary Shares
Shareholder name :
Christopher Dennis Wilkes
Address : 52 Daley Street
Bentleigh, VIC 3204
Australia
No. of shares : 25,000 Ordinary Shares
Shareholder name :
Scot Parker West
Address : 44 Peaceful Way
Portsmouth, RI 02871
United States
No. of shares : 25,000 Ordinary Shares
Shareholder name :
Jointly held by Peter John Katcha
& Martha Marie Collins
Address : 116 15th Ave NE
St Petersburg, FL 33704
United States
No. of shares : 25,000 Ordinary Shares
Shareholder name :
Jointly held by Graham Walter
Cunningham & Ann Cunningham
Address : Unit 2501, 26 Southgate
Avenue
Southbank, VIC 3006
Australia
No. of shares : 59,405 Ordinary Shares
Comments : Other shareholder includes:
Shareholder name: MONEYFORCE PTY. LTD.
Address: Unit 6, 446 Balcombe Road,
Beaumaris, VIC 3193, Australia
No. of shares: 1,094,001 Ordinary Shares
Shareholder name: Peter Dowdney
Address: 16 Violet Crescent,
Brighton East, VIC 3187, Australia
No. of shares: 117,830 Ordinary shares
Shareholder name: Louis Frank Sander
Address: Via dei Cogorno, 75, I-16033
Lavagna, Genova, Italy
No. of shares: 874,000 Ordinary Shares
Shareholder name: Ann Cunningham
Address: Unit 2501, 26 Southgate
Avenue, Southbank, VIC 3006, Australia
No. of shares: 300,000 Ordinary Shares
Shareholder name: Anthony Tanner
Address: 6B Sydney Street,
Cheltenham, VIC 3192, Australia
No. of shares: 326,400 Ordinary Shares
Shareholder name: Bryn Steven Maddern-Wellington
Address: 659 Nepean Highway,
Carrum, VIC 3197, Australia
No. of shares: 805,955 Ordinary Shares
Structure
Name : RONSTAN PROPERTIES
(AUSTRALIA) PTY LTD
Affiliation type :
Wholly-owned Subsidiary
Address : 19-23 Park Way
Braeside, VIC 3195
Australia
Name : RONSTAN INTERNATIONAL
INC.
Affiliation type :
Wholly-owned Subsidiary
Address : 45 High Point Ave, Suite 2
Portsmouth, Rl 02871
United States
Name : RONSTAN DENMARK APS
Affiliation type :
Wholly-owned Subsidiary
Address : Jćgervćnget 36
7100 Vejle
Denmark
Name : RONSTAN (UK) LIMITED
Affiliation type :
Wholly-owned Subsidiary
Address : Unit 3 Cooperage Green
Royal Clarence Marina Gosport
Hampshire, PO12 1AX
United Kingdom
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 : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Source of financial
statement : Commercial
Registry Filings
Financial
statement date : 30/06/11
Type of accounts :
Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate : 1 USD =
AUD 0.97 as of 19-04-2012
Summarized Financial Information
Consolidation type
: Consolidated
Consolidated
Currency : Australia
Dollar (AUD) Australia Dollar (AUD)
Denomination : (x1) One (x1) One
Date of financial
year end : 30/06/11 30/06/10
Length of accounts
: 12 months 12 months
Sale turnover /
Income :
29,659,327 27,794,713
Gross profit : 11,508,042
12,307,067
Profit before tax
:
-958,246 1,352,794
Net income : -651,806
853,431
Non current assets
: 11,270,784
7,063,017
Current assets : 12,395,374 22,502,192
Inventories :
6,851,753 4,932,610
Total assets : 23,666,158
29,565,209
Current
liabilities : 7,046,820
10,679,669
Non current
liabilities : 1,000,408
1,279,212
Total liabilities
: 8,047,228
11,958,881
Share equity : 15,618,930
17,606,328
Reserve : -886,179
7,049,746
Retained earning :
13,750,664
7,802,137
Comments : The consolidated financial information
above relates to the Subject and its
subsidiaries.
Main activities : The Subject is engaged in
manufacturing and distribution of marine,
architectural and industrial hardware products.
The Subject’s products are used in various applications, such as
balustrade and railing, bridges, lighting, facades, security and fall
protection, signage and decoration, structural bracing, tensioned fabric
architectures and zoological enclosures.
Product &
services : Blocks
Sheaves
Cleats
Travellers
Batten Systems
Furlers
Andersen
Spar Fittings
Rigging Fittings
Stainless Fittings
Clothing & Accessories
Rope
Architectural rigging components
Powerboat steerings
Powerboat hardware
Brand : Ronstan
Purchases
International :
Worldwide
Sales
Local : Yes
International :
Worldwide
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of production facilities, warehouse and
administrative
office.
Branches : In addition, the Subject has sales
offices located at Sydney, Brisbane, and
Perth.
Gross Domestic Products (GDP) & Economic
Overview
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:
4.0%
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, D/A,
Telegraphic transfer, Credit up to 120 days
Sales Term
Local : Prepayment, Bank transfer, D/P,
Credit up to 120 days
International : L/C, Telegraphic transfer, D/P, D/A, Bank
transfer, Credit up to 120 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.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
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.