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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SMENCO
PTY LTD |
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Registered Office : |
1
Longview Court, Thomastown, Victoria 3074 |
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Country : |
Australia |
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Date of Incorporation : |
04.06.2004 |
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Com. Reg. No.: |
109272602 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of welding equipments and related
products |
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD
180,000 |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
Verified Address
Subject
name : SMENCO PTY LTD
Other
style / Business name : PERFECT
WELDING PRODUCTS / FRONIUS
Business
address : 1 Longview
Court
Town :
Thomastown
Province
: Victoria
Zip/postal
code : 3074
Country
: Australia
Tel : +61 3
94664060
Fax : +61 3
94642106
Email
: fronius@smenco.com.au
Website
: www.smenco.com.au
Registered
address : 1 Longview
Court
Town :
Thomastown
Province
:
Victoria
Zip/postal
code : 3074
Country
: Australia
Executive Summary
Date
founded or registered : 04/06/2004
Legal
form : Australian
Proprietary Company
Chief
executive : Martin
Leslie Courtnay
Issued
& paid up capital : AUD
1,400,100
Line of business : Import
and distribution of welding equipments and related products.
Staff
employed : 40
employees
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 180,000
Credit
amount asked : USD 100,000
Registry Data
Registration
date : 04/06/2004
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 109272602
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian
Business Number: 51109272602
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Key Management
Name :
Martin
Leslie Courtnay
Designation
: Managing
Director
Name :
Anthony
Paul Thomas England
Designation
: Director
Appointments
Name :
Vesna
England
Designation
: Director
Appointment
date : 20/06/05
Address
: 10
Arthur Streeton Place
Diamond Creek, VIC 3089
Australia
Biography
: Born on
17-03-1960 in Melbourne, Victoria, Australia.
Name :
Anthony
Paul Thomas England
Designation
: Director and
Company Secretary
Appointment
date : 29/06/04
Address
: 10
Arthur Streeton Place
Diamond Creek, VIC 3089
Australia
Biography
: Born on
22-09-1962 in Melbourne, Victoria, Australia.
Name :
Paul
David Smith
Designation
: Director
Appointment
date : 20/06/05
Address
: 25 Scarborough Crescent
Melton West, VIC 3337
Australia
Biography
: Born on
26-03-1959 in Ashbourne, United Kingdom.
Name :
Martin
Leslie Courtnay
Designation
: Director
Appointment
date : 20/06/05
Address
: 27
Arbour Place
Doonan, QLD 4562
Australia
Biography
: Born on
22-05-1965 in Preston, Victoria, Australia.
Staff
employed : 40
employees
Composition
Authorized
Capital : AUD 1,400,100
No of
shares : 1,400,100
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD
1,400,100
Paid
up capital : AUD
1,400,100
How
listed : Full
List
Composition
Shareholder
name : Wendy O' Brien
Address
: 51
Scott Street
Mortlake, VIC 3272
Australia
No. of
shares : 105,007
Ordinary Shares
Shareholder
name : VEAK PTY LTD
Address
: 10
Arthur Streeton Place
Diamond Creek, VIC 3089
Australia
No. of
shares : 980,070
Ordinary Shares
Shareholder
name : Paul David Smith
Address
: 25
Scarborough Crescent
Melton West, VIC 3337
Australia
No. of
shares : 105,008
Ordinary Shares
Shareholder
name : T.R.A.M.A.N.
INVESTMENTS PTY LTD
Address
: 27
Arbour Place
Doonan, QLD 4562
Australia
No. of
shares : 210,015
Ordinary Shares
Structure
Name :
PAUL ENGLAND AND
STAFF PTY. LTD.
Affiliation
type : Ultimate Holding
Company
Address
: 313 Pascoe Vale
Road
Essendon, VIC 3040
Australia
Comments
: PAUL ENGLAND AND STAFF
PTY. LTD. provides engineering services such as
precision cutting and dynamic balancing of rotating
equipment for a variety of
sectors.
Name :
VEAK PTY LTD
Affiliation
type : Parent Company
Address
: 10 Arthur Streeton Place
Diamond Creek, VIC 3089
Australia
Comments
: Investment holding company.
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
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main
activities : The Subject is engaged in
import and distribution of welding equipments and related products.
Product
& services : Welding equipment
and products
Welding automation and robotic equipment
Wear protection products
Brand
: Fronius
BÖHler Welding
Castolin Eutectic
ProArc
Kemper
BUG-O
Purchases
International
: Germany, United States, Taiwan, China
Sales
Local
: Yes
International
: New Zealand
Property & Assets
Premises
: The Subject operates from premises located at the verified heading
address
consisting of administrative office and warehouse.
Branches
: In addition, the Subject operates from branch offices located at:
Unit
1/1 Samantha Place
Smeaton
Grange, NSW 2567
Australia
Tel:
+61 2 46470073
Unit
1/1 Elayne Street
Underwood,
QLD 4119
Australia
Tel:
+61 7 38081608
Unit
3/1 Hunt Street
Malaga,
WA 6090
Australia
Tel:
+61 8 92483759
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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
: Prepayment, Bank transfer, Credit 30-60 days
Sales Term
Local
: Prepayment, Bank transfer, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.48 |
|
|
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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.