MIRA INFORM REPORT
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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
DATASTOR ( |
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Registered Office : |
C/O Savage Accounting, |
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Country : |
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Date of Incorporation : |
01.04.1997 |
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Com. Reg. No.: |
078047766 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Import & distribution of IT products |
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No. of Employees : |
15 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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Verified Address
Subject name : DATASTOR (AUSTRALIA) PTY. LTD.
Business address : Unit 7, 780 Boundary Road
Town : Coopers Plains
Province : Queensland
Zip/postal code : 4108
Country : Australia
Tel : +61 7 32746377
Fax : +61 7 32746349
Email : sales@datastor.com.au
Website : www.datastor.com.au
Registered address : C/o SAVAGE ACCOUNTING
3 Alphitonia Crescent
Town : Sunnybank Hills
Province : Queensland
Zip/postal code : 4109
Country : Australia
Executive Summary
Date founded or registered : 01/04/1997
Legal form : Australian
Proprietary Company
Chief executive : John Florias Couvaras
Issued & paid up capital
: AUD 125
Sales turnover : AUD 6,000,000 (Estimated Non-consolidated
12 months, 30/06/2011)
Line of business : Import & distribution
of IT products.
Staff employed : 15 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 fair
Organization structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 01/04/1997
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
078047766
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
86078047766
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : John Florias Couvaras
Designation : Managing Director
Name : Brent Andre van Blerk
Designation : Technical Director
Appointments
Name : John Florias Couvaras
Designation : Director and Company Secretary
Appointment date : 01/04/97
Address : 17 Colvillea Close
Stretton,
QLD 4116
Australia
Biography : Born on 20-08-1952 in Lusaka,
Zambia.
Name : Brent Andre van Blerk
Designation : Director
Appointment date : 01/06/98
Address : 5 Deen Street
Rochedale
South, QLD 4123
Australia
Biography : Born on 29-04-1971 in Port
Elizabeth, South Africa.
Staff employed : 15 employees
Composition
Authorized Capital : AUD 125
No of shares : 105 Ordinary Shares / 9 Class A
Shares / 9 Class B Shares / 1 Class E Share / 1
Class F Share
Share par value : AUD 1
Issued capital : AUD 125
Paid up capital : AUD
125
How listed : Full List
Composition
Shareholder name : John Florias Couvaras
Address : 17 Colvillea Close
Stretton,
QLD 4116
Australia
No. of shares : 9 Class A Shares / 40 Ordinary
Shares
Shareholder name : Victor Earnest Dickerson
Address : 22 Summit Drive
Torbay,
Auckland 0630
New
Zealand
No. of shares : 9 Class B Shares / 40 Ordinary
Shares
Shareholder name : Marie-Claire Nicole Couvaras
Address : 17 Colvillea Close
Stretton,
QLD 4116
Australia
No. of shares : 1 Class E Share
Shareholder name Margaret Dickerson
Address : 22 Summit Drive
Torbay,
Auckland 0630
New
Zealand
No. of shares : 1 Class F Share
Shareholder name : Brent Andre van Blerk
Address : 5 Deen Street
Rochedale
South, QLD 4123
Australia
No. of shares : 25 Ordinary Shares
Structure
Name : DATASTOR PTY LTD
Affiliation type : Associate
Address : Unit 7, 780 Boundary Road
Coopers
Plains, QLD 4108
Australia
Name : DATASTOR (WA) PTY LTD
Affiliation type : Associate
Address : Unit 7, 780 Boundary Road
Coopers
Plains, QLD 4108
Australia
Name : DATASTOR HOLDINGS PTY LTD
Affiliation type : Associate
Address : Unit 7, 780 Boundary Road
Coopers Plains, QLD 4108
Australia
Bank Details
Name of bank : Westpac Banking Corporation
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 : None
reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported
Description
Source of financial statement
: External Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.97 as of
04-07-2012
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 : 6,000,000
Comments : 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages in import &
distribution of IT products.
Product &
services :
· Data Storage products
· Data Protection products
· Disaster recovery product
· 1,10,40 & 80 Gigabit Ethernet adapters
· Cables
· Brand : Tandberg
· Archiware
· Promise Technology
· Acronis
· Kroll Ontrack
· Maxell
· XenData
· MailMeter
· BakBone
· CRU Dataport
· Chelsio Communication
Purchases
International : Taiwan, China, United States
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of administrative office and warehouse.
Branches : In addition, the Subject
operates from branch office located at:
Suite 1A,
Level 2
802
Pacific Highway
Gordon,
NSW 2072
Australia
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.0% 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 :
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$46,843 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
: 76.00%
Purchase Term
International : Prepayment, Telegraphic transfer, Credit
30-60 days
Sales Term
Local : Prepayment, Bank transfer, Credit
30-60 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.55.42 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.68.61 |
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.