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Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
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Name : |
CLASSIC CERAMIC (IMPORTERS) PTY LTD |
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Registered Office : |
25 Balmain Road Leichhardt New South Wales 2040 |
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Country : |
Australia |
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Date of Incorporation : |
09.06.1972 |
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Com. Reg. No.: |
001009061 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Importers of ceramic tiles, stone and bathware. |
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No. of Employees : |
60 employees |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 330,000 |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 : CLASSIC CERAMIC (IMPORTERS) PTY LTD
Business address : 25 Balmain Road
Town : Leichhardt
Province : New South Wales
Zip/postal code : 2040
Country : Australia
Tel : +61 2 95606555
Fax : +61 2 95643003
Email : nsw@classicceramics.com.au
Website : www.classicceramics.com.au
Registered address : C/o HUGHES PETTIT
Level 13, 210 George Street
Town : Sydney
Province : New South Wales
Zip/postal code : 2000
Country : Australia
Comments : The provided address 7/234-242 George Street, Sydney, NSW 2000, Australia was not recognized by the representative contacted.
Executive Summary
Date founded or registered : 09/06/1972
Legal form : Australian Proprietary Company
Chief executive : Santo Giunta
Issued & paid up capital : AUD 10,000
Sales turnover : AUD 30,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Importers of ceramic tiles, stone and bathware.
Staff employed : 60 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 records found
Payment history : No payment delays noted
Credit amount suggestion : USD 330,000
Credit amount asked : Not described.
Registry Data
Registration date : 09/06/1972
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 001009061
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 32001009061
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Santo Giunta
Designation : Managing Director
Name : Dan Naidoo
Designation : General Manager
Appointments
Name : Santo Giunta
Designation : Director and Company Secretary
Appointment date : 09/06/72
Address : 20 Strathfield Avenue
Strathfield, NSW 2135
Australia
Biography : Born on 21-09-1947 in Agira, Italy.
Staff employed : 60 employees
Key Advisors
Auditors : HUGHES PETTIT
Level 13, 210 George Street
Sydney, NSW 2000
Australia
Composition
Authorized Capital : AUD 10,000
No of shares : 10,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 10,000
Paid up capital : AUD 10,000
How listed : Full List
Composition
Shareholder name : GIUNTA HOLDINGS PTY LTD
Address : C/o HUGHES PETTIT
Level 13, 210 George Street
Sydney, NSW 2000
Australia
No. of shares : 10,000 Ordinary Shares
% of shares : 100%
Structure
Name : GIUNTA INVESTMENTS PTY LIMITED
Affiliation type : Associate
Address : C/o HUGHES PETTIT
Level 13, 210 George Street
Sydney, NSW 2000
Australia
Bank Details
Name of bank : Commonwealth Bank Of Australia
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 :
Estimated Figures
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 27-02-2012
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 30,000,000
Comments : The estimated turnover was provided by
Mr. Dan Naidoo.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year.
Main activities : The Subject is engaged as importers and distributor of ceramic tiles, stone and bathware.
Product & services : - All kind of tiles: Ceramic tiles etc
- Various kinds of stones: marble, granite, limestone, sandstone etc
- Bathware
Brand : Classic Ceramic
Purchases
International : Europe, South America, North Africa and Asia
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of administrative office, showroom and warehouse.
Branches : In addition, the Subject operates from showroom, distribution centre located at:
44-46 Annerley Road
Woolloongabba, QLD 4102
Australia
Tel: +61 7 33931022
87-89 Queensbridge Street
Southbank, VIC 3006
Australia
Tel: +61 3 96826555
27 Nyrang Street
Lidcombe, NSW 2141
Australia
Tel: +61 2 96438441
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.0% 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%
Purchase Term
International : Prepayment, Telegraphic transfer,
Credit 30-90 days
Sales Term
Local : Prepayment, Bank transfer, 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 sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.05 |
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1 |
Rs.77.78 |
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Euro |
1 |
Rs.65.89 |
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.