MIRA
INFORM REPORT
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Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
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Name : |
JACCRA PTY LTD |
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Formerly Known As : |
BEYOND TOOLS |
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Registered Office : |
23 Exhibition Drive Malaga Western Australia 6090 |
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Country : |
Australia |
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Date of Incorporation : |
16.06.1995 |
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Com. Reg. No.: |
069514236 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of tools and industrial equipments |
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No. of Employees : |
26 employees |
RATING & COMMENTS
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MIRAs 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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Maximum Credit Limit : |
USD 160,000 |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
IDENTIFICATION DETAILS
Verified Address
Subject name : JACCRA PTY LTD
Other style / Business name : BEYOND TOOLS
Business address : 23 Exhibition Drive
Town : Malaga
Province : Western Australia
Zip/postal code : 6090
Country : Australia
Tel : +61 8 92097400
Fax : +61 8 92097499
Email : sales@beyondtools.com
Website : www.beyondtools.com
Registered address : C/o ACE SERVICES GROUP PTY LTD
212 Odin Drive
Town : Stirling
Province : Western Australia
Zip/postal code : 6021
Country : Australia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 16/06/1995
Legal form : Australian Proprietary Company
Chief executive : Antonio Mirabile
Issued & paid up capital : AUD 2
Sales turnover : AUD 10,000,000 (Estimated non-consolidated 12 months, 30/06/2011)
Line of business : Import & distribution of tools and industrial equipments.
Staff employed : 26 employees
CREDIT RISK OPINION
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management experience : Management is reasonably experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 160,000
Credit amount asked : USD 100,000
STATUTORY DETAILS
Registry Data
Registration date : 16/06/1995
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 069514236
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 66069258183
Registry status : Live/Active
Previous name : The Subject was established under the name HELFCO PTY LTD and changed to the current style on 28-06-1995.
Change of legal form : None reported.
Other registration : BEYOND TOOLS is a business name owned by the Subject registered on
06/05/2008 under business registration no: WA BN11051668.
MANAGEMENT / DIRECTORS
Key Management
Name : Antonio Mirabile
Designation : Managing Director
Name : Carmelina Maria Mirabile
Designation : Director
Name : Francis Barr
Designation : Business Manager
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Carmelina Maria Mirabile
Designation : Director and Company Secretary
Appointment date : 27/06/95
Address : 1 Alata Place
Duncraig, WA 6023
Australia
Biography : Born on 29-09-1955 in Perth, Western Australia, Australia.
Name : Antonio Mirabile
Designation : Director
Appointment date : 27/06/95
Address : 1 Alata Place
Duncraig, WA 6023
Australia
Biography : Born on 27-08-1954 in Perth, Western Australia, Australia.
Staff employed : 26 employees
SHARE CAPITAL
Composition
Authorized Capital : AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name : Antonio Mirabile
Address : 1 Alata Place
Duncraig, WA 6023
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : Carmelina Maria Mirabile
Address : 1 Alata Place
Duncraig, WA 6023
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
RELATED COMPANIES & CORPORATE
AFFILIATIONS
Structure
Name : A CLASS MACHINERY PTY LTD
Affiliation type : Associate
Address : Sydney, New South Wales
Australia
BANK & MORTGAGES
Bank Details
Name of bank : Australia And New Zealand Banking Group
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 : Satisfied Charges:
ASIC Charge Number: 497748
Date Registered: 13-07-1995
Charge type: Both Fixed & Floating
Date Created: 06-07-1995
Chargees Name: BANK OF WESTERN AUSTRALIA LTD
ASIC Charge Number: 894207
Date Registered: 04-10-2002
Charge type: Both Fixed & Floating
Date Created: 04-09-2002
Chargees Name: GE COMMERCIAL CORPORATION (AUSTRALIA) PTY LTD
ASIC Charge Number: 1142610
Date Registered: 22-03-2005
Charge type: Both Fixed & Floating
Date Created: 28-02-2005
Chargees Name: GE COMMERCIAL CORPORATION (AUSTRALIA) PTY LTD
ASIC Charge Number: 1234188
Date Registered: 18-11-2005
Charge type: Fixed
Date Created: 01-11-2005
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
ASIC Charge Number: 1234189
Date Registered: 18-11-2005
Charge type: Fixed
Date Created: 01-11-2005
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None
reported.
FINANCIAL DATA
Description
Source of financial statement :
Provided by the Subject
Financial statement date : 30/06/11
Type of accounts :
Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate :
1 USD = AUD 0.93 as of 09-02-2012
Summarized Financial
Information
Consolidation type : Non Consolidated Non Consolidated Non Consolidated Currency : Australia Dollar (AUD) Australia Dollar (AUD) Australia Dollar (AUD) Denomination : (x1) One (x1) One (x1)
One
Date of financial year end : 30/06/11 30/06/10 30/06/09
Length of accounts : 12 months 12
months 12 months
Sale turnover / Income : 10,000,000 8,600,000 7,800,000
Comments : The estimated turnover was provided by Mr. Francis Barr.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
OPERATION DETAILS
Main activities : The Subject is engaged in import & distribution of tools and industrial equipments.
The Subject is an authorized dealer for brand such as Virutex, DeWalt/Black & Decker, Makita, Bosch, Festool/Protool, Metabo, Hitachi, Casolin and Robland.
Product & services : Power tools Hand tools Machinery Adhesive Abrasives
Compressors/welders
Purchases
International : Spain, Italy, Belgium, China, Taiwan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of retail store, warehouse and administrative office covering 2,500 square feet.
Branches : None reported.
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 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)
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%
PAYMENT HISTORY
Purchase Term
International : Credit 30-180 days
Sales Term
Local : Credit 30-60 days, Cash
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 |
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US Dollar |
1 |
Rs.49.29 |
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1 |
Rs.78.10 |
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Euro |
1 |
Rs.65.59 |
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 SCs 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.