MIRA INFORM REPORT
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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GRAYS (NSW) PTY LIMITED |
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Formerly Known As : |
HARATU HOLDINGS PTY. LTD. |
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Registered Office : |
Homebush Corporate Park, Zip code 2141 |
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Country : |
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
04.01.1989 |
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Com. Reg. No.: |
003688284 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Online retail and auction
company |
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No. of Employees : |
400 employees (Group) |
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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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 – 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 : GRAYS (NSW) PTY LIMITED
Other style / Business name :
GRAYSONLINE
Business address : Homebush Corporate Park
29-33 Carter Street
Town : Lidcombe
Province : New South Wales
Zip/postal code : 2141
Country : Australia
Tel : +61 2 97419600
Fax : +61 2 97419680
Website : www.graysonline.com
Registered address : Homebush Corporate Park
29-33 Carter Street
Town : Lidcombe
Province : New South Wales
Zip/postal code : 2141
Country : Australia
Executive Summary
Date founded or registered : 04/01/1989
Legal form : Australian
Proprietary Company
Chief executive : Geoffrey Kelvin Gray
Issued & paid up capital
: AUD 3,353,324
Sales turnover : AUD 55,432,478 (Non-consolidated 12
months, 30/06/2008)
Net income : AUD 5,477,979
(Non-consolidated 12 months, 30/06/2008)
Total fixed assets : AUD 21,788,136
(Non-consolidated 12 months, 30/06/2008)
Line of business : Online retail and auction
company.
Staff employed : 400 employees (Group)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 04/01/1989
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 003688284
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 35003688284
Registry status : Live/Active
Previous name : HARATU HOLDINGS PTY.
LTD.
GRAY EISDELL TIMMS PTY. LIMITED (initial)
Change of legal form : None reported.
Key Management
Name : Geoffrey Kelvin Gray
Designation : Managing Director
Name : Adam Scharer
Designation : Director
Name : Cameron
Renwick Poolman
Designation : Director
Name : Mark Stanbridge Kehoe
Designation : Director
Name : John Edward Martin
Designation : Company Secretary
Appointments
Name : Geoffrey Kelvin Gray
Designation : Director
Appointment date : 03/02/89
Address : 15 Church Street
Pymble,
NSW 2073
Australia
Biography : Born on 01-01-1928 in
Melbourne, Victoria, Australia.
Name : Adam Scharer
Designation : Director
Appointment date : 12/11/99
Address : 14 Salisbury Avenue
Mont
Albert, VIC 3127
Australia
Biography : Born on 06-06-1970 in Sydney,
New South Wales, Australia.
Name : Cameron Renwick Poolman
Designation : Director
Appointment date : 12/11/99
Address : 68 Alexandra Street
Hunters
Hill, NSW 2110
Australia
Biography : Born on 23-10-1968 in Sydney,
New South Wales, Australia.
Name : Mark Stanbridge Kehoe
Designation : Director
Appointment date : 15/01/04
Address : 77A Cutler Road
Clontarf,
NSW 2093
Australia
Biography : Born on 27-03-1967 in Sydney,
New South Wales, Australia.
Name : John Edward Martin
Designation : Company Secretary
Appointment date : 26/05/08
Address : 16 Willaburra Road
Cronulla, NSW 2230
Australia
Biography : Born on 27-04-1955 in Kobe,
Japan.
Staff employed : 400 employees (Group)
Key Advisors
Auditors : RONELLE WILSON
Coopers
& Lybrand Tower
580 George
Street
Sydney,
NSW 2000
Australia
Composition
Authorized Capital : AUD 3,353,324
No of shares : 159,736 Ordinary Shares
Share par value : No par value
Issued capital : AUD 3,353,324
Paid up capital : AUD
3,353,324
How listed : Full List
Composition
Shareholder name : GRAYS (AUST) HOLDINGS PTY LIMITED
Address : Homebush Corporate Park
29-33
Carter Street
Lidcombe,
NSW 2141
Australia
No. of shares : 159,736 Ordinary Shares
% of shares : 100%
Structure
Name : GRAYS (AUST) HOLDINGS PTY LIMITED
Affiliation type : Parent Company
Address : Homebush Corporate Park
29-33
Carter Street
Lidcombe,
NSW 2141
Australia
Name : GRAYS AUCTIONS LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : 38 Canaveral Drive
Rosedale
0632
New
Zealand
Name : GRAYS OPERATIONS PTY LIMITED
Affiliation type : Associate
Address : Homebush Corporate Park
29-33
Carter Street
Lidcombe,
NSW 2141
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
: Commercial Registry Filings
Financial statement date : 30/06/08
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 1.03 as of
05-06-2012
Summarized
Financial Information
Consolidation type : Non Consolidated Non Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar
(AUD)
Denomination : (x1) One (x1) One
Date of financial year end : 30/06/08 30/06/07
Length of accounts : 12 months 12 months
Sale turnover / Income : 55,432,478
47,144,352
Profit before tax : 7,525,815 8,529,056
Net income : 5,477,979 6,566,117
Non current assets : 13,140,737 9,118,373
Current assets 8,647,399 8,075,358
Total assets : 21,788,136 17,193,731
Current liabilities : 8,053,251 6,424,818
Non current liabilities : 3,807,291 1,819,298
Total liabilities : 11,860,542 8,244,116
Share equity : 9,927,594 8,949,615
Retained earning : 6,334,270 5,356,291
Comments : The Subject's latest financial
information is not available.
Main activities : The Subject operates as
an online retail and auction company.
The Subject offers its customers a huge range of consumer,
industrial and
commercial goods direct from manufacturers and distributors.
Product &
services :
· Computers & Electronics
· Wine
· Manufacturing & Engineering
· Office Furniture
· Home & Garden
· Jewellery, Perfume
· Automotive, Trucks & Marine
· Mining, Construction & Agriculture
· Catering & Hospitality
· Warehousing & Forklifts
· Sports, Toys, Bicycles & Musical Instruments
· Accommodation & Tickets
· Fine Art & Collectibles
Brand :
GraysOnline
Purchases
International : Worldwide
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises :
The Subject operates from premises located at the verified heading address consisting an administrative office and warehouse.
Branches :
In addition, the Subject
operates from branch offices located at:
85
Colebard Street West
Acacia
Ridge, QLD 4110
Australia
Tel: +61 7
3274 1277
14
Catalyst Court
Bohle, QLD
4818
Australia
Tel: +61 7
4774 8080
19 Hewitt
Street
Cheltenham,
VIC 3192
Australia
Tel: +61 3
8552 4444
Cnr West
Lakes Boulevard & Frederick Rd
(enter off
West Lakes Blvd)
Seaton, SA
5023
Australia
Tel: +61 8
8304 6700
216
Welshpool Road
Welshpool,
WA 6106
Australia
Tel: +61 8
9458 7856
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
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 :
Commonwealth Bank (Banking), BHP Billiton (Materials), Westpac
Banking Group (Banking), Rio Tinto (Materials), National Australia Bank
(Banking), ANZ Banking (Banking), Telstra (Telecommunications)
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 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows 2007: US$16,822 million
2008: US$32,819 million
2009: US$18,426 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
: 74.00%
Purchase Term
International : L/C, Prepayment, Telegraphic
transfer, Credit 30-90 days
Sales Term
Local : Credit card
International : Credit card
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.55.56 |
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UK Pound |
1 |
Rs.85.52 |
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Euro |
1 |
Rs.69.50 |
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.