MIRA INFORM REPORT
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Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
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Name : |
COMPUWORLD PTY LTD |
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Registered Office : |
91 Wellington
Road, East Brisbane, Queensland 4169 |
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Country : |
Australia |
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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
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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 : |
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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
: C/o CKG PARTNERS
Ground Level, Tower D, Garden
Square
643 Kessels Road
Town : Upper Mount
Gravatt
Province : Queensland
Zip/postal code : 4122
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
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
Credit amount
asked : Not described.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities :
The Subject is engaged in online sales, wholesale and distribution of computer
hardware, software and peripherals.
Some of Subjects major customers includes Government departments, the
Queensland Museum, Telstra, the University of Queensland, and many education
institution.
Product & services
:
Blank CD/DVD Media
Cable/Adaptor
Camera
Case
Cooling / Fans
CPU
DVD/Blu-Ray/FDD
Expansion cards/Hubs
Graphics Card
Hard Drive / SSD
iPhone/Karaoke
Keyboard
Memory
Memory Card/USB
Modem
Monitor / Projector
Motherboard
Mouse / Joystick
Network (Wired)
Network (Wireless)
Notebooks
Power Supply/Protection
Printer
Printer Consumable
Printer Multifunction
Scanner
Software
Sound Card
Speaker/Headphone
Surveillance
Systems
Brand :
ACER, AMD, AOPEN, ASUS, BENQ, CANON, CREATIVE, D-LINK, EPSON, HP, GIGABYTE,
INTEL, KINGSTON, MICROSOFT, NETGEAR, PROLINK, THERMALTAKE
Purchases
International :
Taiwan, China, Hong Kong
Sales
Local :
Yes
International :
New Zealand
Premises :
The Subject operates from premises located at the verified heading address
consisting of administrative office and warehouse.
Branches :
None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign
exchange & gold :
US$ 43.879 billion
Gross domestic
product – GDP :
US$ 1.586 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%
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)
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 millio
Total area : 7,692,024 km2
Capital :
Canberra
Currency :
Australian dollars (AUD)
Internet users as
% of total population :
76%
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.56.08 |
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|
1 |
Rs.87.03 |
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Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.