MIRA INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
AUTO PARTS GROUP PTY LTD |
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Formerly Known As : |
PACRIM TRADING CO PTY LTD |
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Registered Office : |
72 Pritchard
Road, Virginia , Province Queensland, Zip/postal code 4014 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
31.08.1994 |
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Com. Reg. No.: |
065899176 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Sales of automotive parts |
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No. of Employees : |
160 |
RATING & COMMENTS
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MIRA’s 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 650,000 |
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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 30th, 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 : AUTO PARTS GROUP PTY LTD
Other style / Business name : ALL CRASH PARTS
Business
address : 72 Pritchard Road
Town : Virginia
Province : Queensland
Zip/postal
code : 4014
Country : Australia
Tel : +61 7 38652599
Fax : +61 7 38653900
Website : www.allcrashparts.com.au
Registered
address : 72 Pritchard Road
Town : Virginia
Province : Queensland
Zip/postal
code : 4014
Country : Australia
Comments : The provided address 18 Newtown
Street, Virginia, Qld 4014, Australia
was the previous address of the Subject. The Subject moved
to the verified address above since January 2011.
Summary details
Executive Summary
Date founded or registered : 31/08/1994
Legal form : Australian Proprietary Company
Chief executive : Stephen George Campbell
Issued & paid up capital : AUD 9,000
Sales turnover : AUD 35,817,720 (Non-consolidated 12 months, 30/06/2011)
Net income : AUD 3,296,720 (Non-consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 17,326,103 (Non-consolidated 12 months, 30/06/2011)
Line of business : Sales of automotive parts.
Staff employed : 160 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 good
Organisation structure : Organisational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Credit amount suggestion : USD 650,000
Credit amount asked : USD 600,000
Statutory details
Registry Data
Registration date : 31/08/1994
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 065899176
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 32065899176
Registry status : Live/Active
Previous name : The Subject was previously known as
PACRIM TRADING CO PTY LTD and changed to the current style on 04-03-2011.
Other registration : ALL CRASH PARTS is a business name
owned by the Subject registered under business number QLD BN5308239 / VIC
B1720506C and NSW BN98311276.
Management / directors
Key Management
Name : Stephen
George Campbell
Designation : Managing Director
Board of directors / other
appointments
Appointments
Name : Stephen George Campbell
Designation : Director
Appointment date : 28/08/94
Address : 24 Newmarket Road
Windsor, QLD 4030
Australia
Biography : Born on 04-08-1968 in Glasgow, United Kingdom.
Staff employed : 160 employees
Key Advisors
Auditors : WALLACE GROUP
Level 7, 179 Turbot Street
Brisbane, QLD 4000
Australia
Share capital
Composition
Authorized Capital : AUD 9,000
No of shares : 9,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 9,000
Paid up capital : AUD 9,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name : ALL CRASH PARTS PTY LTD
Address : 72 Pritchard Road
Virginia, QLD 4014
Australia
No. of shares : 9,000 Ordinary Shares
% of shares : 100%
Related companies & corporate Affiliations
Structure
Name : ALL CRASH PARTS PTY LTD
Affiliation type : Parent
Company
Address :
72 Pritchard Road
Virginia, QLD 4014
Bank & mortgages
Bank Details
Name of bank : National
Australia Bank 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: 1076377
Date Registered: 27-08-2004
Charge type: Both Fixed & Floating
Date Created: 14-07-2004
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
Unsatisfied Charges:
ASIC Charge Number: 2211516
Date Registered: 29-07-2011
Charge type: Both Fixed & Floating
Date Created: 07-07-2011
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 2236508
Date Registered: 21-09-2011
Charge type: Fixed
Date Created: 07-09-2011
Chargees Name: NATIONAL AUSTRALIA BANK 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 : Commercial Registry Filings
Financial statement date : 30/06/11
Type of accounts : Full audited
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.97 as of 12-01-2012
Summarized Financial Information
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Consolidation
type : |
Non Consolidated |
Non Consolidated |
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Currency : |
Australia Dollar
(AUD) |
Australia Dollar
(AUD) |
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Denomination : |
(x1) One |
(x1) One |
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Date
of financial year end : |
30/06/11 |
30/06/10 |
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Length of
accounts : |
12 months |
12 months |
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Sale turnover /
Income : |
35,817,720 |
32,959,499 |
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Profit before
tax : |
4,778,217 |
3,812,982 |
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Net income : |
3,296,720 |
2,642,762 |
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Non current
assets : |
1,800,727 |
1,161,926 |
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Current assets : |
15,525,376 |
13,496,573 |
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Inventories : |
7,997,463 |
7,200,955 |
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Total assets : |
17,326,103 |
14,658,499 |
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Current
liabilities : |
3,079,002 |
4,591,114 |
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Non current liabilities : |
7,255,961 |
4,872,965 |
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Total
liabilities : |
10,334,963 |
9,464,079 |
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Share equity : |
6,991,140 |
5,194,420 |
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Retained earning : |
6,982,140 |
5,185,420 |
Operation details
Main activities : The Subject is engaged in the importation and sales of automotive parts.
Purchases
International : Mainly from Taiwan, China, Japan, South
Korea, Indonesia
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from premises located at the verified heading address
consisting of administrative office and warehouse.
Branches : In addition, the Subject operates from branch offices located at:
36-38 Winterton Road
Clayton, Victoria, 3168
Australia
Tel: +61 3 95487109
2/338 Woodpark Road
Smithfield NSW 2164
Australia
Tel: +61 2 87854599
Other property : Total
NBV of property, plant and equipment as of 30-06-2011 was AUD 1,800,678.
Summarized country risk
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 : 16
(ranking by country on a basis of 133, 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 : L/C, Prepayment, Credit 30-90 days
Sales Term
Local : Prepayment, Cash, Credit 30-90 days
International : L/C, Prepayment, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.65 |
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UK Pound |
1 |
Rs.79.09 |
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Euro |
1 |
Rs.65.32 |
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.