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Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EXLITES PTY LTD |
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Formerly Known As : |
TECHNOFUEL PTY
LTD (initial) |
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Registered Office : |
POOLE &
PARTNERS PTY LTD Level 1, |
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Country : |
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Date of Incorporation : |
22.10.2003 |
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Com. Reg. No.: |
106776121 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Import and distribution of solar lighting solutions. |
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No. of Employees : |
5 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 : |
Small Company |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : EXLITES PTY LTD
Business address :
Unit 1, 8 Dual Avenue
Town : Warana
Province : Queensland
Zip/postal code : 4575
Country : Australia
Tel : +61 7 54388988
Fax : +61 7 54388977
Email : info@exlites.com.au
Website : www.exlites.com.au
Registered address
: POOLE & PARTNERS PTY LTD
Level 1, 8 Innovation Parkway
Town : Birtinya
Province : Queensland
Zip/postal code : 4575
Country : Australia
Postal address : P.O. Box 1588
Town : Buddina
Province : Queensland
Zip/postal code : 4575
Country : Australia
Executive Summary
Date founded or
registered : 22/10/2003
Legal form : Australian
Proprietary Company
Chief executive : Michael John Arieni
Issued & paid
up capital : AUD 2
Sales turnover : AUD 2,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business :
Import and
distribution of solar lighting solutions.
Staff employed : 5 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
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
Registry Data
Registration date
: 22/10/2003
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 106776121
Registered authority
: Australian Securities
and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 35106776121
Registry status : Live/Active
Previous name : KEY BEAUTY PTY LTD
TECHNOFUEL PTY LTD (initial)
Change of legal
form : None reported.
Key Management
Name : Michael John Arieni
Designation : Managing Director
Appointments
Name : Ian Reginald Fry
Designation : Director
Appointment date :
25/01/10
Address : 30 Nicklaus Parade
North Lakes, QLD 4509
Australia
Biography : Born on 06-11-1951 in Gin
Gin, Queensland, Australia.
Name : Michael John Arieni
Designation : Director
Appointment date :
22/10/03
Address : 1A Komodo Court
Parrearra, QLD 4575
Australia
Biography : Born on 30-03-1968 in
Brisbane, Queensland, Australia.
Staff employed : 5 employees
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
How listed : Full
List
Composition
Shareholder name :
KEY LOGIC PTY LTD
Address : Level 1, 8 Innovation
Parkway
Birtinya, QLD 4575
Australia
No. of shares : 2 Ordinary Shares
% of shares : 100%
Structure
Name : KEY LOGIC PTY LTD
Affiliation type :
Parent Company
Address : Level 1, 8 Innovation
Parkway
Birtinya, QLD 4575
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 : 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
18-07-2012
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 : 2,000,000
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject engages in import
and distribution of solar lighting solutions.
Product &
services : Solar
lighting products:
Solar Lighting
Solar Lighting Towers
Solar Billboard Lighting
Solar Street Lighting
Solar Bollard
Solar Pathway Lighting
Purchases
International : China
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of warehouse and administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 43.879
billion
Gross domestic
product - GDP : US$ 1.586
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 : 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%
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.