|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MRC SPF PTY LTD |
|
|
|
|
Registered Office : |
4-6
Marriott Road, Jandakot, Western Australia 6164 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
16.06.1999 |
|
|
|
|
Com. Reg. No.: |
088104410 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import & Distribution of Stainless Steel Pipes,
Fittings and Flanges. |
|
|
|
|
No. of Employees : |
140
employees (Subject) |
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 |
ION
DETAILS
Verified Address
Subject
name : MRC SPF
PTY LTD
Business
address : 4-6
Marriott Road
Town :
Jandakot
Province
:
Western Australia
Zip/postal
code : 6164
Country
:
Australia
Tel : +61
8 94170500
Fax : +61
8 94170600
Website
:
www.mrcpvf.com
Registered
address : 4-6 Marriott
Road
Town :
Jandakot
Province
:
Western Australia
Zip/postal
code : 6164
Country
:
Australia
SUMMARY
DETAILS
Executive Summary
Date
founded or registered :
16/06/1999
Legal
form :
Australian Proprietary Company
Chief
executive :
Jeffrey Ross Nicholas
Issued
& paid up capital : AUD
100
Sales
turnover : AUD
143,803,409 (Consolidated 18 months, 31/12/2011)
Net
income :
AUD -10,236,076 (Consolidated 18 months, 31/12/2011)
Total
fixed assets : AUD
68,494,757 (Consolidated 18 months, 31/12/2011)
Line
of business :
Import & distribution of stainless steel pipes, fittings and flanges.
Staff
employed : 140
employees (Subject)
CRED
I
T RISK
OPINION
Company Analysis
Country
risk :
Country risk is minimal
Operation
trend : Operational trend is declining
Management
experience : Management is
reasonably experienced
Financial
performance : Financial
performance is gradually declining
Organization
structure : Organizational
structure is acceptable
Detrimental
: No detrimental records found
Payment
history : No
payment delays noted
Comments :
It is advisable to conduct business dealing on prepayment or L/C basis for
larger credit transaction than suggested due to the Subject's huge losses.
Credit can be granted if guaranteed by Intermediate Holding
Company.
STATUTORY
D
TAILS
Registry Data
Registration
date : 16/06/1999
Legal
form :
Australian Proprietary Company
Registration
no Australian Company number :
088104410
Registered
authority :
Australian Securities and Investments Commission
Fiscal/
Tax no : Australian Business Number :
43088104410
Registry
status :
Live/Active
Previous name :
STAINLESS PIPE AND FITTINGS AUSTRALIA PTY
LTD
WISELAND ASSET PTY
LTD (initial)
Change
of legal form :
None reported.
EMENT
/ DIRECTORS
Key Management
Name : Jeffrey Ross Nicholas
Designation
: Managing Director
BOAR
D OF
DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Graham Yarker
Designation
: Director
Appointment
date : 22/06/99
Address
: 2 The Cutting
Mosman Park, WA 6012
Australia
Biography
: Born on 01-09-1958 in
Saltburn, United Kingdom.
Name : Jeffrey Ross
Nicholas
Designation
: Director and Company
Secretary
Appointment
date : 22/06/99
Address
: 14 Cessna Drive
Jandakot, WA 6164
Australia
Biography
: Born on 17-06-1967 in
Narrogin, Western Australia, Australia.
Name : Hugh Taylor Mark
Brown
Designation
: Director
Appointment
date : 09/06/11
Address
: 17 Park Road
Menston, Ilkley
West Yorkshire LS29
6LS
United Kingdom
Biography : Born on 15-06-1962 in
Birmingham, United Kingdom.
Name : Dean Andrew de
Giorgio
Designation : Director
Appointment
date : 09/06/11
Address
: 16 Blue Wren
Place
Diamond Creek, VIC
3089
Australia
Biography
: Born on 03-04-1966
in Caulfield, Victoria, Australia.
Name :
Andrew Robert Lane
Designation : Director
Appointment
date : 09/06/11
Address
: 62 The Oval
Street
Sugar Land, TX 77479
United States
Biography
: Born on 10-07-1959
in Hartford, United States.
Andrew R. Lane has served as our president and chief
executive
officer (“CEO”) since September 2008 and our chairman of the
Board since December 2009. He has also served as a director
of
MRC Global Inc. since September 2008. From December 2004 to
December 2007, he served as executive vice president and
chief
operating officer of Halliburton Company, where he was
responsible
for Halliburton’s overall operational performance, managed
over
50,000 employees worldwide and oversaw the integration of
several
mergers and acquisitions. Prior to that, he held a variety
of leadership
roles within Halliburton, serving as president and CEO of
Kellogg
Brown & Root, Inc. from July 2004 to November 2004, as
senior vice
president, global operations of Halliburton Energy Services
Group
from April 2004 to July 2004, as president of the Landmark
Division of
Halliburton Energy Services Group from May 2003 to March
2004,
and as president and CEO of Landmark Graphics Corporation
from
April 2002 to April 2003. He was also chief operating
officer of
Landmark Graphics from January 2002 to March 2002 and vice
president, production enhancement PSL, completion products
PSL
and tools/testing/TCP of Halliburton Energy Services Group
from
January 2000 to December 2001. Mr. Lane served as a director
of
KBR, Inc. from June 2006 to April 2007. He began his career
in the
oil and natural gas industry as a field engineer for Gulf
Oil
Corporation in 1982, and later worked as a production
engineer in
Gulf Oil’s Pipeline Design and Permits Group. Mr. Lane
received a
B.S. in mechanical engineering from Southern Methodist
University in
1981 (cum laude). He also completed the Advanced Management
Program (A.M.P.) at Harvard Business School in 2000. He is a
member of the executive board of the Southern Methodist
University
School of Engineering. Mr. Lane is uniquely qualified to
serve as one
of our directors due to his extensive executive and
leadership
experience in the oil and natural gas industry and his deep
knowledge of our operations.
Name : Neil Philip
Wagstaff
Designation
: Director
Appointment
date : 09/06/11
Address
: Cherry House
Hopgrove Lane South,
York
North Yorkshire,
YO32 9TG
United Kingdom
Biography
: Born on 03-07-1963
in Newport, Gwent, United Kingdom.
Staff
employed : 140 employees
(Subject)
Key Advisors
Auditors : BDO AUDIT (WA) PTY
LTD
38 Station Street
Subiaco, WA 6008
Australia
APITAL
Composition
Authorized
Capital : AUD 100
No of shares
: 100 Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 100
Paid
up capital : AUD 100
OWNE
SHIP /
SHAREHOLDERS
How
listed : Full List
Composition
Shareholder
name : MRC TRANSMARK PTY LTD
Address
: 3 Corporate
Avenue
Rowville, VIC 3178
Australia
No. of
shares : 100 Ordinary
Shares
% of
shares : 100%
RE
LATED
COMPANIES & CORPORATE AFFILIATIONS
Structure
Name : THE GOLDMAN SACHS GROUP, INC.
Affiliation
type : Ultimate Holding Company
Address
: 200 West Street
New York, NY 10282
United States
Comments
: The Goldman Sachs Group, Inc.
provides investment banking, securities, and
investment
management services, as well as a range of financial services to
corporations,
financial institutions, governments and high-net-worth individuals
worldwide. Its
Investment Banking segment offers financial advisory services,
including advisory
assignments with respect to mergers and acquisitions,
divestitures,
corporate defense, risk management, and restructurings and
spin-offs; and
underwriting activities comprising public offerings and private
placements of a
range of securities, loans and other financial instruments, and
derivative
transactions. The company’s Institutional Client Services segment
provides client
execution services, such as fixed income, currency, and
commodities client
execution related to making markets in interest rate products,
credit products,
mortgages, currencies, and commodities; and equities related to
making markets in
equity products, as well as commissions and fees from
executing and clearing institutional client
transactions on stock, options, and
futures exchanges.
This segment also engages in the securities services
business providing
financing, securities lending, and other prime brokerage
services to
institutional clients, including hedge funds, mutual funds, pension
funds, and
foundations; and offers prime brokerage services. Its Investing and
Lending segment
originates longer-term loans; and invests in debt securities,
loans, public and
private equity securities, real estate, consolidated investment
entities, and power
generation facilities. The company’s Investment Management
segment provides
investment products and services to institutional and individual
clients, as well as
offers wealth advisory services, including portfolio management
and financial
counseling, and brokerage and other transaction services to
high-net-worth
individuals and families. The Goldman Sachs Group, Inc. was
founded in 1869 and
is headquartered in New York, New York.
Name : PVF HOLDINGS LLC
Affiliation
type : Holding Company
Address
: 8505 Monroe Road
Houston, TX 77061
United States
Name : MRC GLOBAL INC.
Affiliation
type : Intermediate Holding Company
Address
: 2 Houston Center, 909 Fannin,
Suite 3100
Houston, TX 77010
United States
Comments
: MRC Global Inc. distributes
pipes, valves, and fittings (PVC), and related
products and services
to the energy industry worldwide.
The company’s
products include valves consisting of ball, butterfly, gate, globe,
check, needle, and
plug valves; and specialty products, such as lined corrosion
resistant piping systems, valve
automation, and top work components, as well as
steam and
instrumentation products used in various process applications in
refinery,
petrochemical, and general industrial sectors.
The company’s
products also include tubular products, such as carbon line
pipes, casings, and
tubing pipes; carbon steel fittings and flanges, and stainless
steel and alloy pipe and fittings;
natural gas distribution products comprising
risers, meters,
polyethylene pipe and fittings, and various other components and
industrial
supplies; oilfield and industrial supplies and completion equipment,
which consist of
high density polyethylene pipe and fittings, valves, well heads,
pumping units, and
rods; and various specialized production equipment,including
meter runs, tanks, and separators.
It serves customers
in the upstream, midstream, and downstream sectors of the
energy industry;
coal, mining and mineral processing, power generation, liquefied
natural
gas, and alternative energy facilities sectors; and other industrial sectors,
including pulp and
paper, metals processing, fabrication, pharmaceutical,
desalinization, food
and beverage, and manufacturing. The company was
formerly known as
McJunkin Red Man Holding Corporation and changed its name
to MRC Global
Inc. in January 2012. MRC Global was incorporated in 2006
and is headquartered
in Houston, Texas. MRC Global Inc. is a
subsidiary of PVF
Holdings LLC.
Name : MRC TRANSMARK PTY
LTD
Affiliation
type : Parent Company
Address
: 3 Corporate
Avenue
Rowville, VIC 3178
Australia
Name : MRC SPF MIDDLE EAST
PTY LTD
Affiliation
type : Subsidiary
Address
: 4-6 Marriott Road
Jandakot, WA 6164
Australia
Related
companies and corporate
affiliations comments :
Other companies of the MRC Global Group should be considered affiliates of the Subject.
Bank Details
Name
of bank : HSBC Bank
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
Source
of financial statement : Commercial
Registry Filings
Financial
statement date : 31/12/11
Type
of accounts : Full
audited
Currency
:
Australia Dollar (AUD)
Exchange
rate : 1 USD =
AUD 0.95 as of 08-08-2012
Summarized Financial Information
Consolidation
type : Consolidated Consolidated Group Consolidated
Currency
:
Australia Dollar (AUD) Australia Dollar
(AUD) US Dollar (USD)
Denomination
: (x1) One (x1) One (x1) One
Date
of financial year end :
31/12/11 30/06/10 31/12/11
Length
of accounts : 18
months 12 months 12 months
Sale
turnover / Income :
143,803,409 104,628,397 4,832,423,000
Gross
profit :
31,094,076 23,201,121 708,152,000
Profit
before tax :
-9,152,007 195,686 55,768,000
Net
income :
-10,236,076 -286,500 28,984,000
Non
current assets :
5,744,532 7,551,400 1,479,779,000
Current
assets :
62,750,225 65,986,143 1,747,908,000
Inventories
:
29,978,906 37,632,349 899,064,000
Total
assets :
68,494,757 73,537,543 3,227,687,000
Current
liabilities :
42,318,669 40,158,359 673,167,000
Non
current liabilities :
12,992,335 8,652,151 1,833,658,000
Total
liabilities :
55,311,004 48,810,510 2,506,825,000
Share
equity :
13,183,753 24,727,033 720,862,000
Reserve
:
-639,563 173,289
Retained
earning :
13,823,216 24,553,644 -536,791,000
Comments :The consolidated financial
information above relates to the Subject and its
subsidiaries.
The group’s
consolidated financial information above relates to the Subject’s
Intermediate Holding
Company MRC Global Inc. and all its subsidiaries which
include the Subject.
For financial year end
31-12-2011, financial information shown above is for 18
months as the
Subject changed its financial reporting period from 30 Jun to 31
December.
Main
activities : The Subject
engages in import & distribution of stainless steel pipes,
fittings and flanges.
The Subject is indirectly wholly owned by MRC Global Inc, a
public listed
company on New York Stock Exchange. MRC Global Inc.,
formerly known
as McJunkin Red Man Holding Corporation is a holding
company. The
Company is the distributor of pipe, valves and fittings
(PVF) and related
products and services to the energy industry. The Company
operates in
two segments: North American segment and International
segment. Its
North American segment includes over 180 branch locations,
six
distribution centers in the United States, one distribution
center in Canada,
11 valve automation service centers and over 170 pipe yards
located in the
oil and natural gas regions in North America. Its
International segment
includes over 40 branch locations throughout Europe, Asia
and Australasia
with distribution centers in each of the United Kingdom,
Singapore and
Australia and 10 automation service centers in Europe and
Asia. On June
9, 2011, it acquired Stainless Pipe and Fittings Australia
Pty. Ltd. (MRC
SPF). On July 22, 2011, it acquired Valve Systems and
Controls (VSC).
Product
& services : Stainless steel
pipe
Stainless steel pipe
fittings
Stainless steel
flanges
Brand : MRC SPF
Purchases
International
: Worldwide
Sales
Local : Yes
International
: Pacific Islands
Key
events : 12 April 2012
MRC Global Little Changed After Pricing IPO at Lower End
MRC Global Inc. (MRC) (MRC), the energy products and
services company
owned by Goldman Sachs Group Inc. (GS) (GS), was little changed
in its
first day of trading after going public at the low end of
the proposed price
range.
The stock gained less than 1 percent to close at $21.04 in
New York, after
earlier dropping as much as 6 percent to $19.75. MRC and
Goldman
Sachs sold 22.73 million shares at $21 each to raise $477.3
million in an
initial public offering, according to a statement yesterday,
after earlier
offering them for $21 to $23.
The sale price valued the Houston-based company at $2.13
billion.
Purchased by the New York-based bank five years ago, MRC
dubs itself
the largest global distributor of pipe, valves and fittings
to the energy
industry by sales. Goldman Sachs will hold about 77 percent
of MRC after
the IPO, according to the prospectus.
MRC generated almost $5 billion in sales last year serving
areas including
the Marcellus and Eagle Ford shale formations in the U.S.
New techniques
for smashing open oilfields more than a mile underground
enabled drillers
to lift U.S. oil production to a 9-year high in 2011, Energy
Department
figures showed. Natural-gas output also soared, thanks to
the same
revolution in drilling technology, touching an all-time high
last year.
In North America, which accounts for 87 percent of the
global market for
hydraulic fracturing, spending on so-called fracking is
expected to reach
$30 billion this year, according to Tulsa, Oklahoma-based
Spears &
Associates Inc.
MRC will use the sale proceeds to repay debt, the prospectus
shows.
Goldman Sachs planned to offer 5.7 million shares, while
MRC, led by
Chief Executive Officer Andrew Lane, planned to sell the
rest.
The shares are listed on the New York Stock Exchange under
the symbol
MRC. Goldman Sachs and Barclays Plc (BARC) led the offering.
The
company’s predecessor, McJunkin Red Man Holding Corp., filed
for a
$750 million IPO in 2008 and later withdrew the proposal.
28 March 2012
MRC Global Plans to Raise as Much as $522.7 Million in IPO
MRC Global Inc. (MRC) (MRC), the energy products and
services company
owned by Goldman Sachs Group Inc. (GS) (GS), is seeking to
raise as
much as $522.7 million in a U.S. initial public offering.
MRC and Goldman Sachs are offering 22.7 million shares at
$21 to $23
each, according to an filing to the SEC today. At the top end
of the price
range, the company would be valued at about $2.3 billion.
The Houston-based company is the largest global distributor
of pipe, valves
and fittings to the energy industry by sales, the filing
shows. MRC, bought
by Goldman Sachs in 2007, is planning to go public about
three years after
pulling a $750 million IPO.
Sales climbed 26 percent to $4.83 billion last year,
according to the filing.
Net income was $29 million, compared with a loss in the
year-earlier period
of $51.8 million. The company will use the proceeds to repay
debt and for
general corporate purposes, the filing shows.
Goldman Sachs Group Inc. and Barclays Plc (BARC) are leading
the
offering. The company, formerly known as McJunkin Red Man,
will trade on
the New York Stock Exchange under the symbol MRC.
27 May 2011
Mcjunkin Red Man Corp. to acquire Stainless Pipe and
Fittings Australia
Pty. Ltd.
McJunkin Red Man Corporation (MRC) announced it is to
acquire Stainless
Pipe and Fittings Australia Pty Ltd (SPF), as part of its strategic
vision to be
the world’s premier pipe, valve and fitting (PVF)
distribution company to
the energy and industrial markets.
Post the acquisition, SPF will operate as MRC SPF. The
acquisition will
enhance MRC’s global project capabilities. The transaction,
which is
expected to close by the end of June, is subject to
customary closing
conditions.
SPF is the largest distributor of stainless steel piping
products in the
southern hemisphere. Headquartered in Perth, Western
Australia, SPF has
seven locations across Australia as well as Korea, Italy,
United Kingdom
and United Arab Emirates. SPF is a leading project supply
specialist with
proven capabilities supplying the Oil and Gas, Mining and
Mineral
Processing, Chemical and Petrochemical and Water Treatment
and
Desalination industries.
SPF’s 430,000 square feet facility based in Perth would
become MRC’s
premier pipe, fittings and flange (PFF) stocking and
distribution center for
Australasia. This facility is equipped with state-of-the-art
materials handling
facilities including the ability to facilitate project
laydowns and provide bulk
supply provisions.
Complementing the Perth facility are two additional stocking
locations in
Australia as well as strategically placed stockholdings in
the Jebel Ali Free
Zone, UAE and in the United Kingdom.
Acquiring SPF would increase MRC’s global PFF stockholding
in stainless
steel to a value in excess of US$50 million, with global
stainless PFF sales
of more than US$300 million. The US$4 billion MRC group currently
has
over 400 global service locations and US$850 million of PVF
stock located
around the globe.
The acquisition would complement MRC’s 2009 purchase of
Transmark
Fcx (MRC Transmark), the leading valve distributor in the
eastern
hemisphere. The synergies between SPF and MRC Transmark
would
create value for both companies providing a complete PVF
capability in the
eastern hemisphere and supporting MRC’s drive to be the
Global Supplier
of Choice®.
Andrew Lane, Chairman, President and Chief Executive Officer
noted that
the acquisition furthers the company’s vision to be the
world’s premier
PVF distribution company to the energy and industrial
markets.
Lane said SPF’s PFF capabilities would allow MRC to expand
on its valve
platform to have a complete global PVF supply capability.
Lane reiterated
his excitement to expand the company’s presence in Australia
and with
major EPC projects globally.
8 May 2012
MRC Global Inc. Debuts on the "Fortune 500"
MRC Global Inc. (NYSE: MRC) has been recognized as one of
America's
largest public companies by Fortune magazine. Based on 2011
sales of
$4.8 billion, MRC Global Inc. made its debut at 493 on the
magazine's
"Fortune 500" list.
MRC Global Inc. is the largest global distributor of pipe,
valve and fitting
products to the energy and industrial industries and
operates more than
400 service locations in 18 different countries around the
world. The
company relies on this distribution network and
long-standing, global
manufacturer relationships to provide a unique value
proposition to energy
and industrial end users in the upstream, midstream and
downstream
sectors.
"We are proud to be recognized by Fortune, especially
as a newly public
company," MRC Chairman, President and CEO Andrew Lane
said. "After
more than 90 years as a successful private organization with
a proven
reputation for integrity and excellent service, we look
forward to continuing
to build upon that legacy as a publicly held company."
Compiled since 1955, the "Fortune 500" ranks U.S.
companies by sales.
Companies are ranked by total revenues for their respective
fiscal years.
Included in the survey are companies that are incorporated
and operate in
the U.S. and file financial statements with a government
agency.
More About MRC
Headquartered in Houston, Texas, MRC, a Fortune 500 company,
is the
largest global distributor of pipe, valve, and fittings
(PVF) and related
products and services to the energy industry, based on
sales, and supplies
these products and services across each of the upstream,
midstream and
downstream sectors.
Property & Assets
Premises
: The Subject
operates from premises located at the verified heading
address consisting
of an administrative office and warehouse.
Branches
: In addition, the
Subject operates from branch offices located at:
2/49 Webb Drive
Bohle, QLD 4818
Australia
Tel: +61 7 47743722
10 Yarra Street
South Yarra, VIC 3141
Australia
Tel: +61 3 98047650
SUMMARIZED
COUNTRY RISK
Central
bank :
Reserve Bank of Australia
Reserve
of foreign exchange & gold :
US$ 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)
Total
population : 22.23
million
Total
area :
7,692,024 km2
Capital
:
Canberra
Currency
:
Australian dollars (AUD)
Internet
users as % of total
Population : 76%
YMENSTORY
Purchase Term
International
: Prepayment, L/C,
Telegraphic transfer, D/P, Credit 30-120 days
Sales Term
Local : Prepayment, L/C,
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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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.