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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
NADEEM ENTERPRISES PTY LTD |
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Registered Office : |
3 Montgomery Way Malaga Western Australia 6090 |
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Country : |
Australia |
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Date of Incorporation : |
01.07.2003 |
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Com. Reg. No.: |
105344938 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution food products such as rice, spices, pulses, pickle, vermicelli etc. |
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No. of Employees : |
4 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
|
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 : NADEEM ENTERPRISES PTY
LTD
Business address :
3 Montgomery Way
Town : Malaga
Province : Western
Australia
Zip/postal code : 6090
Country : Australia
Tel : +61 8
92495155
Fax : +61 8
92495199
Registered address
: 3 Montgomery Way
Town : Malaga
Province : Western
Australia
Zip/postal code : 6090
Country : Australia
Executive Summary
Date founded or
registered : 01/07/2003
Legal form : Australian
Proprietary Company
Chief executive : Mohammad Asif Nadeem
Issued & paid
up capital : AUD 4
Sales turnover : AUD 1,200,000 (Estimated
Non-consolidated 12 months, 30/06/2012)
Line of business :
Import and
distribution food products such as rice, spices, pulses, pickle,
vermicelli etc.
Staff employed : 4
employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management
experience : Management is
modestly experienced
Financial
performance : Financial
performance is fair
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.
Registry Data
Registration date
: 01/07/2003
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 105344938
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 45105344938
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Mohammad Asif Nadeem
Designation : Managing Director
Appointments
Name : Mohammad Asif Nadeem
Designation : Director
Appointment date :
01/07/03
Address : 17 Hensley Loop
Landsdale, WA 6065
Australia
Biography : Born on 02-01-1959 in
Pakistan.
Staff employed : 4 employees
Composition
Authorized Capital
: AUD 4
No of shares : 4 Ordinary Shares
Share par value : AUD 4
Issued capital : AUD 4
Paid up capital : AUD 4
How listed : Full
List
Composition
Shareholder name :
NADEEM INTERNATIONAL PTY LTD
Address : 17 Hensley Loop
Landsdale, WA 6065
Australia
No. of shares : 4 Ordinary Shares
% of shares : 100%
Structure
Name : NADEEM INTERNATIONAL
PTY LTD
Affiliation type :
Parent Company
Address : 17 Hensley Loop
Landsdale, WA 6065
Australia
Comments : Holding company.
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
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
0.96 as of 22-08-2012
Summarized Financial Information
Consolidation type
: Non
Consolidated
Currency : Australia
Dollar (AUD)
Denomination : (x1) One
Date of financial
year end : 30/06/12
Length of accounts
: 12 months
Sale turnover /
Income : 1,200,000
Comments : The
estimated turnover was provided by Mr. Mohammad Asif Nadeem.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year.
Main activities : The Subject is engaged
in import and distribution of food products such as
rice, spices, pulses, pickle, vermicelli etc.
Purchases
International :
Mainly from India, Pakistan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of administrative office and warehouse.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve Bank
of Australia
Reserve of foreign
exchange & gold : US$ 43.879
billion
Gross domestic
product - GDP : US$ 1.448
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%
Unemployment rate
: 2008: 4.2%
2009: 5.6%
2010: 5.2%
Public debt
(General
Government gross debt as
a % GDP): 2008:
11.6%
2009: 17.6%
2010: 22.3%
Government bond
ratings : Standard
& Poor's: AAA/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of
publicly tradedshares: 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 :
Cash against document, Prepayment
Sales Term
Local :
Prepayment, Bank 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.18 |
|
|
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.69.16 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.