|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENGAGIS PTY LIMITED |
|
|
|
|
Registered Office : |
Level
5, 144-145 Pacific Highway, North Sydney, New South Wales, 2060 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
03.12.2001 |
|
|
|
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Reg. No.: |
098945469 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import
and distribution of digital communications products and services. |
|
|
|
|
No. of Employees : |
75 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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Australia - ECONOMIC OVERVIEW
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.
|
Source : CIA |
Verified Address
Subject
name : ENGAGIS PTY LIMITED
Business
address : Level 5, 144-145
Pacific Highway
Town
: North Sydney
Province
: New South Wales
Zip/postal
code : 2060
Country
: Australia
Tel : +61 2 80011051
Fax
: +61 2
89700096
Email
:
info@engagis.com
Website
: www.engagis.com
Registered
address : Level 5, 144-145 Pacific
Highway
Town
: North Sydney
Province
: New South Wales
Zip/postal
code : 2060
Country
: Australia
Executive Summary
Date
founded or registered : 03/12/2001
Legal
form :
Australian Proprietary Company
Chief
executive :
Anesley John Clarke
Issued
& paid up capital : AUD
1,001
Sales
turnover :
8,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line
of business :
Import and distribution of digital communications products and services.
Staff
employed :
75 employees
Company Analysis
Country
risk :
Country risk is minimal
Operation
trend :
Operational trend is steady
Management
experience : Management is
reasonably experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date :
03/12/2001
Legal
form :
Australian Proprietary Company
Registration
no Australian Company Number :
098945469
Registered
authority :
Australian Securities and Investments Commission'
Fiscal/
Tax no :
Australia Business Number: 98098945469
Registry
status :
Live/Active
Previous
name :
ORDATRONICS PTY LTD (initial)
Change
of legal form :
None reported.
Key Management
Name
: Anesley John Clarke
Designation : Managing Director
Appointments
Name
: Anesley John
Clarke
Designation
: Director and Company
Secretary
Appointment
date : 03/12/01
Address
: Unit 8, 137-138
Beach Road
Parkdale, VIC 3195
Australia
Biography
: Born on 27-12-1974
in Colombo, Sri Lanka.
Name
: Leon Anthony
Condon
Designation
: Director
Appointment
date : 19/01/07
Address :
4 Rickard Avenue
Mosman, NSW 2088
Australia
Biography
: Born on 07-11-1963
in Launceston, Tasmania, Australia.
Name
: Jeremy George
Morgan
Designation
: Director and Company
Secretary
Appointment
date : 19/01/07
Address
: 158 Raglan Street
Mosman, NSW 2088
Australia
Biography
: Born on 04-06-1964
in Sydney, New South Wales, Australia.
Name
: Christopher
Phillip Flavell
Designation
: Director
Appointment
date : 24/12/08
Address
: 107 Shadforth
Street
Mosman, NSW 2088
Australia
Biography
: Born on 07-03-1960
in Auckland, New Zealand.
Name : Tien Ho
Designation
: Director
Appointment
date : 20/08/09
Address
: 543 Inkerman Road
Caulfield North, VIC 3161
Australia
Biography
: Born on 20-05-1974
in Vietnam.
Staff
employed : 75
employees
Composition
Authorized
Capital : AUD 1,001
No
of shares : 1 Class E
Ordinary Share / 1,000 Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 1,001
Paid
up capital : AUD 1,001
How
listed : Full List
Composition
Shareholder
name : RR CO (NO. 1) PTY. LTD.
Address
: Suite 4, Level 1,
50 Yeo Street
Neutral Bay, NSW 2089
Australia
No.
of shares : 1 Class E
Ordinary Share / 800 Ordinary Shares
Shareholder
name : Anesley John Clarke
Address
: Unit 8, 137-138
Beach Road
Parkdale, VIC 3195
Australia
No.
of shares : 88 Ordinary
Shares
Shareholder
name : Tien Xam Ho
Address
: 49 Thomas
Mitchell Drive
Endeavour Hills, VIC
3802
Australia
No.
of shares : 88 Ordinary
Shares
Shareholder
name : Minh Quang Nguyen
Address
: 23 Bristol Street
Bentleigh East, VIC 3165
Australia
No.
of shares : 24 Ordinary
Shares
Structure
Name
: RR CO (NO. 1) PTY. LTD.
Affiliation
type : Parent Company
Address
: Suite 4, Level 1, 50 Yeo
Street
Neutral Bay, NSW 2089
Australia
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
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 11-12-2012
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 :
8,000,000
Comments
: The
estimated turnover was provided by Ms. Katerina Brezgina.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged in
deploying and managing digital networks that enable organizations to connect
with customers and staff via dynamic displays, touch screens, web and mobile.
The Subject provides its products to retail,
real estate, hospitality, auto, finance, telco and health care industries.
Product
& services : Digital Displays
Touch Screens
Video Walls
Kiosks
Digital menu boards
Digital design
Touch and mobile apps
Purchases
International
: United Kingdom, China
Sales
Local
: Yes
International
: No exports.
Property & Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of an
administrative office and warehouse.
Branches : In addition, the
Subject operates from branch office located at:
2/39 Laser Drive
Rowville, VIC 3178
Australia
Tel: +61 3 97636144
Fax: +61 3 97630291
Gross Domestic Products
(GDP) & Economic Overview
Central
bank :
Reserve Bank of Australia
Reserve
of foreign exchange & gold : US$
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 : Commonwealth Bank
(Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto
(Materials), National Australia Bank (Banking), ANZ Banking (Banking), Telstra
(Telecommunications)
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 million
Total
area :
7,692,024 km2
Capital
:
Canberra
Currency
:
Australian dollars (AUD)
Internet
users as % of total
Population :
76%
Purchase Term
International
: Prepayment, Telegraphic transfer,
Credit 30-90 days
Sales Term
Local
: Prepayment, Bank
transfer, Credit 30-90 days
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.54.32 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.