|
Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LAKO PACIFIC PTY LTD |
|
|
|
|
Registered Office : |
92
McEwan Road, Heidelberg Heights, Victoria 3081 |
|
|
|
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Country : |
Australia |
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|
|
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Date of Incorporation : |
13.04.2005 |
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|
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Com. Reg. No.: |
113790248 |
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|
|
|
Legal Form : |
Australian Proprietary Company |
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|
|
|
Line of Business : |
Distributor of innovative digital technologies and digital
video solutions products. |
|
|
|
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No. of Employees : |
5 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 |
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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 : LAKO
PACIFIC PTY LTD
Other
style / Business name : LAKO PACIFIC /
LAKO VISION / KAISER BASS
Business
address : 92 McEwan
Road
Town :
Heidelberg
Heights
Province
: Victoria
Zip/postal
code : 3081
Country
: Australia
Tel : +61 3
94557444
Fax : +61 3
94557497
Website
: www.kaiserbaas.com
Registered
address : 92 McEwan Road
Town :
Heidelberg
Heights
Province
: Victoria
Zip/postal
code : 3081
Country
: Australia
Comments : The
representative contacted Ms. Maree Lowen advised the declined in employees and
turnover is due to the Subject moving part of its operations to
Hong Kong under a different entity. The Subject will be
still operational however in a smaller scale.
Executive Summary
Date
founded or registered : 13/04/2005
Legal
form : Australian
Proprietary Company
Chief
executive : Evan
Kourambas
Issued
& paid up capital : AUD
1
Sales turnover : AUD
5,000,000 (Estimated non-consolidated 12 months, 30/06/2012)
Line of business : Distributor
of innovative digital technologies and digital video solutions products.
Staff
employed : 5
employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is declining
Management
experience : Management is
modestly experienced
Financial
performance : Financial
performance is declining
Organization
structure : Organizational
structure is acceptable
Detrimental
: No detrimental records
found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 13/04/2005
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 113790248
Registered
authority : Australian
Securities & Investments Commission
Fiscal/
Tax no : Australian
Business Number: 55606759651
Registry
status : Live/Active
Previous name : The
Subject was established on 13-04-2005 under the name E KOURAMBAS PTY. LTD. and
changed its name to the current style on 16-08-2005.
Change
of legal form : None
reported.
Other registration : LAKO
PACIFIC is a business name owned by the Subject registered on 31/07/2003 under
business registration no: VIC B1704148E. LAKO VISION is a business name owned
by the Subject registered on
10/08/1994 under business registration no: VIC 1173300H.
Key Management
Name :
Evan
Kourambas
Designation
: Managing
Director
Name :
Maree
Lowen
Designation
: Financial
Manager
Appointments
Name :
Evan Kourambas
Designation
: Director and Company
Secretary
Appointment
date : 13/04/05
Address
: 4 Rochester Street
Kew, VIC 3101
Australia
Biography
: Born on 06-03-1960 in
Kalamarta, Greece.
Staff
employed : 5 employees
Composition
Authorized
Capital : AUD 1
No of
shares : 1
Ordinary Share
Share
par value : AUD 1
Issued
capital : AUD 1
Paid
up capital : AUD 1
How
listed : Full
List
Composition
Shareholder
name : LAKO HOLDINGS
PTY LTD
Address
: 92
McEwan Road
Heidelberg Heights, VIC 3081
Australia
No. of
shares : 1
Ordinary Share
% of
shares : 100%
Structure
Name :
LAKO HOLDINGS PTY
LTD
Affiliation
type : Parent Company
Address
: 92 McEwan Road
Heidelberg Heights, VIC 3081
Australia
Name :
KAISER BAAS
HOLDINGS PTY LTD
Affiliation
type : Associate
Address
: 92 McEwan Road
Heidelberg Heights, VIC 3081
Australia
Name :
LAKO PACIFIC
FINANCE PTY. LTD.
Affiliation
type : Associate
Address
: 92 McEwan Road
Heidelberg Heights, VIC 3081
Australia
Name :
KAISER BAAS PTY
LTD
Affiliation
type : Associate
Address
: 92 McEwan Road
Heidelberg Heights, VIC 3081
Australia
Bank Details
Name
of bank : The 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
: Satisfied Charges:
ASIC
Charge Number: 1198039
Date
Registered: 22-08-2005
Charge
type: Both Fixed &
Floating
Date
Created: 27-07-2005
Chargees
Name: NATIONAL AUSTRALIA BANK
LIMITED
Unsatisfied Charges:
ASIC
Charge Number: 1641443
Date
Registered: 30-05-2008
Charge
type: Both Fixed &
Floating
Date
Created: 05-05-2008
Chargees
Name: WESTPAC BANKING
CORPORATION
ASIC
Charge Number: 1690186
Date
Registered: 05-09-2008
Charge
type: Fixed
Fixed
Date Created: 01-07-2008
Chargees
Name: WESTPAC BANKING
CORPORATION
Legal Fillings
Bankruptcy
fillings : None
reported.
Court
judgements : None
reported.
Tax
liens : None
reported.
Others
: None
reported.
Description
Source
of financial statement : Provided
by the Subject
Financial
statement date : 30/06/12
Type
of accounts : Estimated
key figures
Currency
: Australia
Dollar (AUD)
Exchange
rate : 1
USD = AUD 0.95 as of 08-01-2012
Summarized Financial Information
Consolidation
type : Non Consolidated Non Consolidated
Currency
: Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination
: (x1) One (x1) One
Date
of financial year end : 30/06/12 30/06/11
Length
of accounts : 12 months 12 months
Sale
turnover / Income : 5,000,000 8,000,000
Comments
: The estimated turnover was provided by Ms. Maree Lowen. The representative
contacted Ms. Maree Lowen advised the declined in employees and turnover is due
to the Subject moving part of its operations to Hong Kong under a different entity.
The Subject will be still operational however in a smaller scale.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the end of
the financial year.
Main
activities : The Subject's
main activities are distribution of innovative digital technologies and digital
video solutions products.
Product
& services : Cameras
Road Recorder
Car Camera
Sports Camera
Digital Microscope
Digital Converters
Photo Maker
Photo Maker Pro
Photo Maker Touch
Photo Scanner
mini Photo Scanner
Music Maker
DVD Maker
TV & Radio Sticks
Netbook TV Stick
TV Stick
TV Stick Dual
TV Stick Hybrid
Network TV Tuner
Digital Radio Stick
Digital Radio TV Stick
Wireless Devices
Bluetooth Keyboard
WiFi Media Player
WiFi Music Streamer
Wireless Presenter
Audio
Travel Speakers
Digital Photo Frames
Digital Photo Keyrings
Gaming
Game Recorder
Media Players
Personal Media Player
Bluetooth
BT-130 Keyboard
BT-220 Keyboard
BT-280 Keyboard
Brand
: KAISER BAAS
Purchases
International
: China, Taiwan, Hong Kong
Sales
Local
: Yes
International
: Very seldom to New
Zealand
Key
events : Press Release
February
28, 2011 Melbourne, Australia - Corsair Solutions and Lako
Pacific
announce that Corsair Solutions has acquired the Lako Pro
business
unit from Lako Pacific Pty Ltd, effective from 1 March 2011.
Corsair
Solutions, established in 2009 and based in Melbourne, Australia is
an
importer and distributor of professional video products from Grass
Valley,
Atomos, Logickeyboards, Dulce Systems, XLNT Idea, Qsan and
builds
custom duplicator systems under the Corsair Duplicators brand.
Property & Assets
Premises
: The Subject operates from the verified heading address consisting of warehouse
and administrative office.
Branches
: None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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)
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
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 days
Sales Term
Local
: Prepayment, Cash, Credit 45
days
International
: Prepayment, Credit 45 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
|
1 |
Rs.87.02 |
|
Euro |
1 |
Rs.68.36 |
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 |
|
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.