MIRA INFORM REPORT
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Report Date : |
27.04.2012 |
IDENTIFICATION DETAILS
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Name : |
COMPUWORLD PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.02.1995 |
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Com. Reg. No.: |
068031587 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Online sales, wholesale and distributor of computer hardware, software and peripherals |
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No. of Employees : |
25 |
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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Status : |
Moderate |
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Payment
Behaviour : |
Usually Correct |
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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 : COMPUWORLD PTY LTD
Business address : 91 Wellington Road
Town : East Brisbane
Province : Queensland
Zip/postal code : 4169
Country : Australia
Tel : +61 7 31007100
Fax : +61 7 31007199
Email : compuw@cw.com.au
Website : www.cw.com.au
Registered address : Suite 9, 3 Zamia Street
Town : Robertson
Province : Queensland
Zip/postal code : 4109
Country : Australia
Executive Summary
Date founded or registered : 01/02/1995
Legal form : Australian
Proprietary Company
Chief executive : Wallace Wen-Long Chen
Issued & paid up capital
: AUD 2
Line of business : Online sales, wholesale
and distributor of computer hardware, software and
peripherals.
Staff employed : 25 employees
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
Registry Data
Registration date : 01/02/1995
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 068031587
Registered authority : Australian Securities &
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 68068031587
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Wallace Wen-Long Chen
Designation : Managing Director
Name : Janice Hsiu-Mei Chen
Designation : Director
Appointments
Name : Janice Hsiu-Mei Chen
Designation : Director
Appointment date : 01/02/95
Address : 52 Wadley Street
Macgregor,
QLD 4109
Australia
Biography : Born on 15-02-1952 in
Taiwan.
Name : Wallace Wen-Long Chen
Designation : Director and Company Secretary
Appointment date : 01/02/95
Address : 52 Wadley Street
Macgregor,
QLD 4109
Australia
Biography : Born on 04-07-1949 in Taiwan.
Staff employed : 25 employees
Composition
Authorized Capital : AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD
2
How listed : Full List
Composition
Shareholder name : Janice Hsiu-Mei Chen
Address : 52 Wadley Street
Macgregor,
QLD 4109
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : Wallace Wen-Long Chen
Address : 52 Wadley Street
Macgregor,
QLD 4109
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Structure
Name : COMPUWORLD GROUP PTY LTD
Affiliation type : Associate
Address : 91 Wellington Road
East
Brisbane, QLD 4169
Australia
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
Description
Comments : The representative contacted Mr. Kelvin Chen advised
that the estimated annual turnover is between AUD 20 million to 25 million.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities : The Subject is engaged in online
sales, wholesale and distribution of computer hardware,
software and peripherals.
Some of Subjects major customers includes Government departments, the Queensland Museum, Telstra, the University of Queensland, and many education institution.
Product & services :
Blank CD/DVD Media
Cable/Adaptor
Camera
Case
Cooling / Fans
CPU
DVD/Blu-Ray/FDD
Expansion cards/Hubs
Graphics Card
Hard Drive / SSD
iPhone/Karaoke
Keyboard
Memory
Memory Card/USB
Modem
Monitor / Projector
Motherboard
Mouse / Joystick
Network (Wired)
Network (Wireless)
Notebooks
Power Supply/Protection
Printer
Printer Consumable
Printer Multifunction
Scanner
Software Sound
Card
Speaker/Headphone
Surveillance
Systems
Brand : Acer, AMD, AOpen,
Asus, BenQ, Canon, Creative, D-Link, Epson, HP,
Gigabyte, Intel, Kingston,
Microsoft, Netgear, Prolink, Thermaltake
Purchases
International : Taiwan, China, Hong Kong
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of
administrative office and warehouse.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235trillion
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 2008: US$ 16,822 million
2009: US$ 32,819million
2010: 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%
Purchase Term
International : Prepayment, Credit 30-60 days
Sales Term
Local : Credit card, Bank
transfer, Prepayment, Credit 30-60 days
International : Prepayment, Credit 30 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.52.57 |
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UK Pound |
1 |
Rs.85.03 |
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Euro |
1 |
Rs.69.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.