MIRA INFORM REPORT
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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
K.D. FISHER & CO. PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.10.1978 |
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Com. Reg. No.: |
007879647 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Import and distribution of gas detection equipment, safety equipment, electronic components, power and switch gear |
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No. of Employees : |
30 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 : K.D. FISHER & CO. PTY. LTD.
Business address : 18 Benjamin Street
Town : St Marys
Province : South Australia
Zip/postal code : 5042
Country : Australia
Tel : +61 8 82773288
Fax : +61 8 82764024
Email : kdf@kdfisher.com.au
Website : www.kdfisher.com.au
Registered address : 18 Benjamin Street
Town : St Marys
Province : South Australia
Zip/postal code : 5042
Country : Australia
Executive Summary
Date founded or registered : 03/10/1978
Legal form : Australian
Proprietary Company
Chief executive : Kenneth Paul Fisher
Issued & paid up capital
: AUD 5,000
Sales turnover : AUD 5,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business Import and distribution of gas
detection equipment, safety equipment, electronic
components, power and switch gear.
Staff employed : 30 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 : 03/10/1978
Legal form : Australian Proprietary Company
Registration no Australian Company number:
007879647
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
27007879647
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Kenneth Paul Fisher
Designation : Managing Director
Appointments
Name : Stephen Edward Fisher
Designation : Director
Appointment date : 12/05/82
Address : 29 Richmond Road
Westbourne
Park, SA 5041
Australia
Biography : Born on 28-12-1949 in
Adelaide, South Australia, Australia.
Name : Kenneth Paul Fisher
Designation : Director and Company Secretary
Appointment date : 12/05/82
Address : 7 Tennant Street
Torrens
Park, SA 5062
Australia
Biography : Born on 01-04-1952 in
Adelaide, South Australia, Australia.
Name : Ivy Ethel Fisher
Designation : Director and Company Secretary
Appointment date : 03/10/78
Address : 13 Broadway
Colonel Light Gardens, SA 5041
Australia
Biography : Born on 21-09-1927 in
Adelaide, South Australia, Australia.
Name : Kevin Dominic Fisher
Designation : Director
Appointment date : 03/10/78
Address : 13 Broadway
Colonel
Light Gardens, SA 5041
Australia
Biography : Born on 16-11-1924 in
Adelaide, South Australia, Australia.
Staff employed : 30 employees
Composition
Authorized Capital : AUD 5,000
No of shares : 4,996 A Class Shares
/ 4 Ordinary Shares
Share par value : AUD
1
Issued capital : AUD 5,000
Paid up capital : AUD
5,000
How listed : Full List
Composition
Shareholder name : Ivy Ethel Fisher
Address : 13 Broadway
Colonel
Light Gardens, SA 5041
Australia
No. of shares : 1,249 A Class Shares / 1 Ordinary
Share
% of shares : 25%
Shareholder name : Kenneth Paul Fisher
Address : 7 Tennant Street
Torrens
Park, SA 5062
Australia
No. of shares : 1,249 A Class Shares / 1 Ordinary
Share
% of shares : 25%
Shareholder name : Kevin Dominic Fisher
Address : 13 Broadway
Colonel
Light Gardens, SA 5041
Australia
No. of shares : 1,249 A Class Shares / 1 Ordinary
Share
% of shares : 25%
Shareholder name : Stephen Edward Fisher
Address : 29 Richmond Road
Westbourne
Park, SA 5041
Australia
No. of shares : 1,249 A Class Shares / 1 Ordinary
Share
% of shares : 25%
Structure
Related companies and
corporate affiliations comments :
None reported.
Bank Details
Name of bank : National Australia Bank
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 0.98 as of
24-07-2012
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 : 5,000,000
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 $12.5 million, and
-The company and any entities it
controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages in import and
distribution of gas detection equipment,
safety equipment, electronic components, power and switch gear.
Product & services :
Products:
Electronic components: Capacitors, switches, batteries,
diodes, resistors, power and switchgear products
Safety & Security
Products: Breathing apparatus,
harnesses and lifelines, gas detection equipment, thermal
imaging cameras, access/time and attendance and security control
systems.
Power & Switchgear
Products: UPS batteries, power supplies
and inverters
Services:
Training and consultancy on
Occupational Health & Safety
Purchases
International : Europe, Asia, United States
Sales
Local : Yes
International : Oceania
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of
an administrative office, training centre and warehouse.
Branches : In addition, the Subject
operates from branch offices located at:
Unit 13,
640-680 Geelong Road
Brooklyn,
VIC 3012
Australia
Tel: +61 3
9315 2688
Unit 20, 22
Northumberland Road
Caringbah,
NSW 2229
Australia
Tel: +61 2
9540 2511
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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, D/P, Credit 30-120 days
Sales Term
Local : Prepayment, Bank
transfer, D/P, Credit 30-120 days
International : Prepayment, Telegraphic
transfer, D/P, Credit 30-120 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.56.38 |
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UK Pound |
1 |
Rs.87.44 |
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Euro |
1 |
Rs.68.05 |
INFORMATION DETAILS
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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.