MIRA INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CASTLE INTERNATIONAL TRADING PTY LTD |
|
|
|
|
Registered Office : |
C/o Toohey Reid, Level 6, 82 Eagle Street, Brisbane, Queensland, Zip/postal code 4000 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
19.03.1999 |
|
|
|
|
Com. Reg. No.: |
086788249 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import and distribution of speciality metals and steel products |
|
|
|
|
No. of Employees : |
20 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 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : CASTLE INTERNATIONAL TRADING PTY
LTD
Business address : Unit 2, 31 Acanthus Street
Town : Darra
Province : Queensland
Zip/postal code : 4076
Country : Australia
Tel : +61 7 37166900
Fax : +61 7 37166969
Email : info@castleinternational.com.au
Website : www.castleinternational.com.au
Registered address : C/o Toohey Reid
Level 6,
82 Eagle Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Executive Summary
Date founded or registered : 19/03/1999
Legal form : Australian
Proprietary Company
Chief executive : Graham Brown
Issued & paid up capital
: AUD 3
Sales turnover : AUD 19,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Import and distribution of
speciality metals and steel products.
Staff employed : 20 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 : 19/03/1999
Legal form : Australian Proprietary Company
Registration no Australian Company number:
086788249
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
27086788249
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Graham Brown
Designation : Managing Director
Appointments
Name : Graham Brown
Designation : Director and Company Secretary
Appointment date : 19/03/99
Address : 30 Sorrel Street
Paddington,
QLD 4064
Australia
Biography : Born on 15-08-1961 in Cairns,
Queensland, Australia.
Staff employed : 20 employees
Composition
Authorized Capital : AUD 3
No of shares : 1 Class G Share / 2 Ordinary
Shares
Share par value : AUD 1
Issued capital : AUD 3
Paid up capital : AUD
3
How listed : Full List
Composition
Shareholder name : BROWN FINANCE PTY LTD
Address : Level 14, 97 Creek Street
Brisbane,
QLD 4000
Australia
No. of shares : 1 Class G Share
Shareholder name : Graham Brown
Address : 30 Sorrel Street
Paddington,
QLD 4064
Australia
No. of shares : 1 Ordinary Share
Shareholder name : Lisa Jane Brown
Address : 30 Sorrel Street
Paddington,
QLD 4064
Australia
No. of shares : 1 Ordinary Share
Structure
Name : BROWN FINANCE PTY LTD
Affiliation type : Shareholder
Address : Level 14, 97 Creek Street
Brisbane
QLD 4000
Australia
Bank Details
Name of bank : Australia and New Zealand Banking
Group 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
: External Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.95 as of
31-07-2012
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 : 19,000,000
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 $12.5 million, and
-The company and any entities
it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged in import
and distribution of speciality metals and steel products.
Product & services :
Speciality Metals:
Alloy Steel Bars, Toolsteel
Bars, Carbon Steel Bars,
Hard Chromed Bars
Stainless Steels:
Stainless steel bars, rods
Wire and Strip: Bed Spring
Wire, Spring Wire,
Galvanised and Coated Spring
Wire, Low and Medium Carbon Steel Wire,
Galvanised Wire, Shaped Wire,
Steel Strip
Purchases
International : Mainly from Asia
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : In addition, the Subject
operates from branch office located at:
Suite 7,
Level 2, 58 Victor Crescent
Narre
Warren, VIC 3805
Australia
Telephone: +61 3 87902163
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.586 trillion
GPP (Purchasing power parity) : 954.296 billion of International dollars
GDP per capita - current prices : US$ 68,916
GDP - composition by sector : agriculture: 4.0% industry: 25.6% services: 70.4%
Inflation :
2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment rate
2009: 5.6 %
2010: 5.2 %
2011: 5.1%
Public debt
(General Government gross
debt as a % GDP)
2009: 16.9%
2010: 20.4
%
2011: 22.9 %
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$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI Outflows : 2008:
US$33,604 million
2009: US$16,160 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, L/C, Telegraphic transfer, D/P, Credit 30-120 days
Sales Term
Local : Prepayment, Bank transfer, D/P,
Credit 30-120 days
International : Prepayment, L/C, Telegraphic transfer, D/P,
Credit 30-120 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.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.