MIRA INFORM REPORT
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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
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Name : |
AVERFOCUS PTY LTD |
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Registered Office : |
1 Welch
Street, Underwood, Queensland,
Zip/postal code 4119 |
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Country : |
Australia |
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Date of Incorporation : |
09.09.2008 |
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Com. Reg. No.: |
133151523 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of surveillance products. |
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No. of Employees : |
5 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 : |
Small Company |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Verified Address
Subject name : AVERFOCUS PTY LTD
Business
address : 6A, 780 Boundary Road
Town : Coopers Plains
Province : Queensland
Zip/postal
code : 4108
Country : Australia
Tel : +61 7 32777708
Fax : +61 7 32777812
Email : sales@averfocus.com.au
Website : www.averfocus.com.au
Registered
address : 1 Welch Street
Town : Underwood
Province : Queensland
Zip/postal
code : 4119
Country : Australia
Executive Summary
Date founded or registered : 09/09/2008
Legal form : Australian Proprietary Company
Chief executive : Hao-Hsuan Huang
Issued & paid up capital : AUD 10,700
Sales turnover : AUD 1,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Import & distribution of surveillance products.
Staff employed : 5 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 found
Payment history : No payment delays noted
Registry Data
Registration date : 09/09/2008
Legal form : Australian Proprietary Company
Registration no Australia Company Number: 133151523
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australia Business Number: 84133151523
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Hao-Hsuan Huang
Designation : Managing Director
Appointments
Name : Hao-Hsuan Huang
Designation : Director and Company Secretary
Appointment date : 09/09/08
Address : 55 Lynelle Street
Sunnybank Hills, QLD 4109
Australia
Biography : Born on 27/11/1979 in Taiwan.
Name : Wen Hao Yang
Designation : Director
Appointment date : 23/09/09
Address : 12 Marla Street
Robertson, QLD 4109
Australia
Biography : Born on 24-11-1976 in Taipei, Taiwan.
Staff employed : 5 employees
Composition
Authorized Capital : AUD 10,700
No of shares : 1,000 Ordinary Shares
Share par value : AUD 10.7
Issued capital : AUD 10,700
Paid up capital : AUD 10,700
How listed : Full List
Composition
Shareholder
name : Hao-Hsuan Huang
Address : 55 Lynelle Street
Sunnybank Hills, QLD 4109
Australia
No. of shares
: 525 Ordinary Shares
Shareholder
name : Wen Hao Yang
Address : 12 Marla Street
Robertson, QLD 4109
Australia
No. of shares
: 475 Ordinary Shares
Structure
Name : AVERFOCUS (SYDNEY) PTY LTD
Affiliation
type : Associate
Address : 2/56 O'Riordan Street
Alexandria, NSW 2015
Australia
Bank Details
Name of bank : Westpac Banking Corporation
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 14-12-2012
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 : 1,000,000
Comments : The estimated turnover was provided by Mr. Hao-Hsuan Huang
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the
end of the financial year.
Main
activities : The Subject
is engaged in import and distribution of surveillance products.
Product & services :
Surveillance products:
CCTV Cameras
DVR
IP Cameras
IP NVR / Server
Video Encoders
Lenses
Monitor
Power Suppliers
Housing/ Bracket
Cable/Connector
Video Decoders
Video Eecoders
Purchases
International
: Taiwan, China
Sales
Local : Yes
International
: No exports.
Property & Assets
Premises : The Subject operates from premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 2009: 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 days
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
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UK Pound |
1 |
Rs.89.02 |
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Euro |
1 |
Rs.72.48 |
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.