MIRA INFORM REPORT
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Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ELECTUS DISTRIBUTION PTY. LIMITED |
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Formerly Known As : |
JOHN CARR & CO PTY LTD |
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Registered Office : |
320 Victoria Road,
Rydalmere, New South Wales, Zip/postal code 2116 |
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Country : |
Australia |
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Date of Incorporation : |
23.06.1950 |
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Com. Reg. No.: |
000087347 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Wholesaler and suppliers of electronics goods, passive components, switches, LED's, torches etc. |
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No. of Employees : |
40 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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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 : ELECTUS DISTRIBUTION PTY. LIMITED
Business address : 320 Victoria Road
Town : Rydalmere
Province : New South Wales
Zip/postal code : 2116
Country : Australia
Tel : +61 2 88323200
Fax : +61 2 88323232
Email : sales@electusdistribution.com.au
Website : www.electusdistribution.com.au
Registered address : 320 Victoria Road
Town : Rydalmere
Province : New South Wales
Zip/postal code : 2116
Country : Australia
Executive Summary
Date founded or registered : 23/06/1950
Legal form : Australian
Proprietary Company
Chief executive : Gary Noel Johnston
Issued & paid up capital
: AUD 12,006
Line of business : Wholesaler and suppliers
of electronics goods, passive components, switches,
LED's, torches etc.
Staff employed : 40 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 : 23/06/1950
Legal form : Australian Proprietary Company
Registration no Australian Company Number :
000087347
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
30000087347
Registry status : Live/Active
Previous name : JOHN CARR & CO PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : Gary Noel Johnston
Designation : Managing Director
Name : Toni Gay Martin
Designation : Chief Executive Officer
Appointments
Name : Gary Noel Johnston
Designation : Director and Company Secretary
Appointment date : 06/03/81
Address : 9 Toocooya Road
Hunters
Hill, NSW 2110
Australia
Biography : Born on 16/09/1949 in Sydney,
New South Wales, Australia.
Staff employed : 40 employees
Composition
Authorized Capital : AUD 12,006
No of shares : 2,001 Convertible Deferred Shares
/ 2 Cumulative Preference Shares / 4,000 Ordinary
Shares
Share par value : AUD 2
Issued capital : AUD 12,006
Paid up capital : AUD
12,006
How listed : Full List
Composition
Shareholder name : JAYCAR PTY LTD
Address : 320 Victoria Road
Rydalmere,
NSW 2116
Australia
No. of shares : 2,001 Convertible Deferred Shares
/ 2 Cumulative Preference Shares / 4,000
Ordinary Shares
% of shares : 100%
Structure
Name : GARY'S REWARD PTY LTD
Affiliation type : Ultimate Holding Company
Address : 320 Victoria Road
Rydalmere,
NSW 2116
Australia
Name : JAYCAR PTY LTD
Affiliation type : Parent
Company
Address : 320 Victoria Road
Rydalmere,
NSW 2116
Australia
Name : ELECTUS DISTRIBUTION LIMITED
Affiliation type : Sister
Company
Address : 16-18 Fisher Crescent
Mt
Wellington, Auckland 1060
New
Zealand
Name : JAYCAR (NEW ZEALAND) PTY LIMITED
Affiliation type : Sister
Company
Address : 16-18 Fisher Crescent
Mt
Wellington, Auckland 1060
New
Zealand
Comments : Registered in Australia.
Name : GADGET CENTRAL LIMITED
Affiliation type : Sister
Company
Address : 16-18 Fisher Crescent
Mt
Wellington, Auckland 1060
New
Zealand
Bank Details
Name of bank : National Australia Bank
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 $12.5 million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year
Operation details
Main activities : The Subject is engaged as a
wholesaler and suppliers of electronics
goods, passive components, switches, LED's, torches, car audio
equipment and computer accessories.
Product & services :
· Batteries & Chargers
· Books
· Car accessories
· CCD Cameras & ACC
· Computer Accessories
· Connectors
· Cooling
· Enclosures
· Ecotech
· Fuses
· Gadgets
· General & Consumer
· Generators
· Hardware
· Heatsinks
· Inverters
· Kits & Modules
· Lighting
· Mains Filters
· Motors,Gearboxes
· Passive
· Plugs and Sockets
· Power Adaptors
· Relays & Solenoids
· Security
· Semi - Components
· Service Aids
· Solar Cells
· Speakers & Audio
· Switches
· Telephone Accessories
· Television & Communication
· Test Equipment
· Thermoelectric Modules
· Tools
· Transfomers
· Video
· Wire & Cable
Purchases
Local : Yes.
International : Taiwan, China
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The Subject operates from the verified
heading address consisting of an
administrative office and warehouse.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.1% 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 : Prepayment, Telegraphic transfer, Credit
30-60 days
Sales Term
Local : Prepayment, Credit card, Bank
transfer, Credit 30 days
International : Prepayment, Credit card, Telegraphic
transfer, 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.55.34 |
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UK Pound |
1 |
Rs.86.45 |
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Euro |
1 |
Rs.68.43 |
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.