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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
GJ & DC RYAN |
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Formerly Known As : |
THE RUG STUDIO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.05.2000 |
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06Legal Form : |
Partnership |
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LINE OF BUSINESS : |
IMPORT AND SALES
OF RUGS AND CARPETS. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Verified Address
Subject name : GJ
& DC RYAN
Other style / Business name : THE
RUG STUDIO
Business address : 361
Roberts Road
Town : Subiaco
Province : Western
Australia
Zip/postal code : 6008
Country : Australia
Tel : +61
8 93823160
Fax : +61
8 93824086
Website : www.rugstudio.com.au
Registered address : 361
Roberts Road
Town : Subiaco
Province : Western
Australia
Zip/postal code : 6008
Country : Australia
Executive Summary
Date founded or registered : 06/05/2000
Legal form : Partnership
Chief executive : Gregory
James Ryan
Issued & paid up capital : Not
required
Line of business : Import
and sales of rugs and carpets.
Staff employed : 10
employees
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
Credit amount suggestion : USD
90,000
Registry Data
Registration date : 06/05/2000
Legal form : Partnership
Registration no Australian Business Number: 16774743945
Registered authority : Australian
Securities and Investments Commission
Registry status : Live/Active
Previous name : GREGORY
JAMES RYAN AND DANIELLE CATHERINE RYAN
GREGORY JAMES & DANIELLE CATHERINE RYAN (initial)
Change of legal form : None
reported.
Other registration : THE
RUG STUDIO is a business name owned by the Subject registered on 06/03/1996
under business registration no: 0170511F.
Key Management
Name : Gregory
James Ryan
Designation : Managing
Director
Name : Clarke
Ryan
Designation : Operation
Manager
Appointments
Name : Gregory James Ryan
Designation : Director
Address : Australia
Name : Danielle
Catherine Ryan
Designation : Director
Address : Australia
Staff employed : 10
employees
Composition
Authorized Capital : Not
required
Issued capital : Not
required
Paid up capital : Not
required
How listed : Full
List
Composition
Shareholder name : Gregory
James Ryan
Address : Australia
% of shares : 50%
Shareholder name : Danielle
Catherine Ryan
Address : Australia
% of shares : 50%
Structure
Related companies and corporate
affiliations comments
: None reported.
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 : 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 0.96 as of 19/07/2012
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 : 3,000,000
Comments : Partnership
companies are not required to reveal their financial information to the public.
Main activities : The
Subject is engaged in import and sales of rugs and carpets.
Purchases
International : Mainly
from India
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of showroom and
administrative office.
Branches : In
addition, the Subject operates from a showroom located at:
3 Queen Victoria Street
Fremantle, WA 6160
Australia
Tel: +61 8 93356169
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 : Cash, Prepayment, 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.55.15 |
|
UK Pound |
1 |
Rs.86.57 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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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.