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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MACSIM
FASTENINGS PTY LTD |
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Formerly Known As : |
MACSIM DISTRIBUTORS PTY LTD |
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Registered Office : |
10 Wonderland Drive Eastern Creek New South Wales 2766 |
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Country : |
Australia |
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Date of Incorporation : |
05.09.1946 |
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Com. Reg. No.: |
000056119 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of fasteners, drilling and anchoring systems. |
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No. of Employees : |
80 employees |
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 – March 31st, 2012
|
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 : MACSIM FASTENINGS PTY
LTD
Business address :
10 Wonderland Drive
Town : Eastern
Creek
Province : New South Wales
Zip/postal code : 2766
Country : Australia
Tel : +61 2
98812400
Fax : +61 2
98812444
Email : info@macsim.com.au
Website :
www.macsim.com.au
Registered address
: 10 Wonderland Drive
Town : Eastern
Creek
Province : New South Wales
Zip/postal code : 2766
Country : Australia
Postal address : P.O. Box 6684
Town : Wetherill
Park
Province : New South Wales
Zip/postal code : 2164
Country : Australia
Executive Summary
Date founded or
registered : 05/09/1946
Legal form : Australian
Proprietary Company
Chief executive : Fraser Mackay-Sim
Issued & paid
up capital : AUD 7,980
Line of business :
Import &
distribution of fasteners, drilling and anchoring systems.
Staff employed : 80 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 05/09/1946
Legal form : Australian
Proprietary Company
Registration no Australian
Company Number: 000056119
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 30000056119
Registry status : Live/Active
Previous name : MACSIM
DISTRIBUTORS PTY LTD (initial)
Change of legal
form : None
reported.
Key Management
Name : Fraser
Mackay-Sim
Designation : Managing Director
Name : Kay Beverley Mackay-Sim
Designation : Director
Appointments
Name : Kay Beverley Mackay-Sim
Designation : Director and Company Secretary
Appointment date :
04/11/91
Address : 128 Kangaroo Point Road
Kangaroo Point, NSW 2224
Australia
Biography : Born on 13-09-1947 in Glen
Innes, New South Wales, Australia.
Name : Fraser Mackay-Sim
Designation : Director
Appointment date :
29/11/82
Address : 128 Kangaroo Point Road
Kangaroo Point, NSW 2224
Australia
Biography : Born on 12-06-1947 in Sydney,
New South Wales, Australia.
Staff employed : 80 employees
Key Advisors
Auditors : I.K. O'BRIEN & CO
240 King Street
Newton, SA 5074
Australia
Composition
Authorized Capital
: AUD 7,980
No of shares : 3,990 Ordinary Shares
Share par value : AUD 2
Issued capital : AUD 7,980
Paid up capital : AUD
7,980
How listed : Full
List
Composition
Shareholder name :
Kay Beverley Mackay-Sim
Address : 128 Kangaroo Point Road
Kangaroo Point, NSW 2224
Australia
No. of shares : 1,005 Ordinary Shares
Shareholder name :
Fraser Mackay-Sim
Address : 128 Kangaroo Point Road
Kangaroo Point, NSW 2224
Australia
No. of shares : 2,985 Ordinary Shares
Structure
Name : MACSIM PROPERTIES PTY.
LTD.
Affiliation type :
Associate
Address : 10 Wonderland Drive
Eastern Creek, NSW 2766
Australia
Name : MASBOLT FASTENERS PTY
LTD
Affiliation type :
Associate
Address : 10 Wonderland Drive
Eastern Creek, NSW 2766
Australia
Name : MACSIM FASTENINGS (NZ)
PTY LIMITED
Affiliation type :
Associate
Address : New Zealand
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 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject is engaged in import
& distribution of fasteners, drilling and
anchoring systems.
Product &
services : Anchoring Systems
Drilling Systems
Screws
Rivets
Nuts & Bolts
Nails
Silicone & Adhesives
Brand : Macsim
Eclipse
Purchases
International : Taiwan, China, South Korea,
Japan, Malaysia, Europe
Sales
Local : Yes
International :
New Zealand, Pacific Islands
Property & Assets
Premises : The Subject operates from the verified
heading address consisting of
warehouse and administrative office.
Branches : In addition, the Subject operates from
branch offices located at:
29 Metrolink Circuit West
Campbellfield, VIC 3061
Australia
Tel: +61 3 9495 7400
41 Bunya Street
Eagle Farm, QLD 4009
Australia
Tel: +61 7 3268 5668
16/547 Woolcock Street
Mount Louisa, QLD 4814
Australia
Tel: +61 7 47743922
42 Prosperity Avenue
Wangara, WA 6065
Australia
Tel: +61 8 93083800
4/53 Stanbel Road
Salisbury Plain, SA 5019
Australia
Tel: +61 8 8286 0410
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 :
L/C, Telegraphic transfer, Credit up to 90 days
Sales Term
Local : Prepayment,
Bank transfer, Credit up to 90 days
International :
Prepayment, Telegraphic transfer, Credit up to 90 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.55.14 |
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|
1 |
Rs.86.00 |
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Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
-- |
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.