MIRA INFORM REPORT
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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
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Name : |
DIGISTOR PTY. LIMITED |
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Formerly Known As : |
MALIBOOT
PTY. LIMITED |
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Registered Office : |
C/o Mark Iro, 30 Lalor Street, Port Melbourne,
Victoria, Zip/postal code 3207 |
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Country : |
Australia |
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Date of Incorporation : |
03.01.1990 |
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Com. Reg. No.: |
007351313 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of Information Technology
(IT) products |
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No. of Employees : |
20 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 : |
Moderate |
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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 :
DIGISTOR PTY. LIMITED
Business
address : 5-7 Cleg Street
Town : Artarmon
Province : New South Wales
Zip/postal
code : 2064
Country : Australia
Tel : +61 2 94316000
Fax : +61 2 99062713
Email : enquiries@digistor.com.au
Website : www.digistor.com.au
Registered
address : C/o Mark Iro
30 Lalor Street
Town : Port Melbourne
Province : Victoria
Zip/postal
code : 3207
Country : Australia
Postal address
: P.O. Box 1224
Town : Crows Nest
Province : New South Wales
Zip/postal
code : 2065
Country : Australia
Executive Summary
Date founded or registered : 03/01/1990
Legal form : Australian Proprietary Company
Chief executive : Andrew Patrick Mooney
Issued & paid up capital : AUD 10
Sales turnover : AUD 20,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Import and distribution of Information Technology (IT) products.
Staff employed : 20 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 good
Organization structure : Organizational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 03/01/1990
Legal form : Australian Proprietary Company
Registration no Australia Company Number: 007351313
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australia Business Number: 14007351313
Registry status : Live/Active
Previous name : MALIBOOT PTY. LIMITED (initial)
Change of legal form : None reported.
Key Management
Name : Andrew Patrick Mooney
Designation : Managing Director
Name : Martin Perrins
Designation : Sales Manager
Name : Ganesh Raghavan
Designation : Financial Manager
Appointments
Name : Andrew Patrick Mooney
Designation : Director and Company Secretary
Appointment date : 04/01/90
Address : 20 Lucknow Street
Willoughby, NSW 2068
Australia
Biography : Born on 01-02-1964 in Auckland, New Zealand.
Staff employed : 20 employees
Composition
Authorized Capital : AUD 10
No of shares : 10 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 10
Paid up capital : AUD 10
How listed : Full List
Composition
Shareholder
name : Andrew Patrick Mooney
Address : 20 Lucknow Street
Willoughby, NSW 2068
Australia
No. of shares
: 10 Ordinary Shares
% of shares : 100%
Structure
Related companies and corporate affiliations comments : None reported.
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 : 20,000,000
Comments : The estimated turnover was provided by Mr. Deshan Mallawa.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
Main
activities : The
Subject is engaged in import and distribution of Information Technology (IT)
products.
Product & services : -
Hardware:
AVID Hardware:
Books, Cables, Cameras
Computer
Systems
Converters:
Control Surfaces
Disk Storage
products
Extenders
& Switches
Fibre Channel
Keyboards
Monitors
Networking
products
Streaming
Hardware: Tape Backup
Capture &
Playback products
Software:
Education
software products
2D Animation
software products
3D Animation software
products
Apple Software
Asset
Management software products
Automation:
Backup Archive & Disk Utilities software products
Encoding &
Transcoding: Finishing software products
Plug-ins
Post
Production: SAN software
Streaming
software products
- Technical
support and consultation services
Purchases
International
: Taiwan, Europe, North
America
Sales
Local : Yes
International
: No exports.
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an administrative office and
warehouse.
Branches : In addition, the Subject
operates from branch office located at:
Level 1, 16 Northumberland Street
South Melbourne, VIC 3205
Australia
Tel: +61 3 96455000
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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, D/P, Credit 30-90 days
Sales Term
Local : Prepayment, Bank transfer, D/P, Credit 30-90 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 source
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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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.