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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
EGOTRADE PTY.
LTD. |
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Formerly Known As : |
ADAM GLOVER PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.12.2000 |
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Com. Reg. No.: |
095457739 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Commercial
printing services. |
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No. of Employees : |
30 employees |
RATING & COMMENTS
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MIRAs 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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 : EGOTRADE PTY. LTD.
Business address :
23 Lionel Road
Town : Mount Waverley
Province : Victoria
Zip/postal code : 3149
Country : Australia
Tel : +61 3 95446660
Fax : +61 3 95446667
Email : sales@egoprint.com
Website : www.egoprint.com
Registered address
: 23 Lionel Road
Town : Mount Waverley
Province : Victoria
Zip/postal code : 3149
Country : Australia
Executive Summary
Date founded or
registered : 21/12/2000
Legal form : Australian
Proprietary Company
Chief executive : Ashley Mark Tomlin
Issued & paid
up capital : AUD 100
Line of business :
Commercial printing
services.
Staff employed : 30 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
undetermined
Organization
structure : Organisational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 21/12/2000
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
095457739
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business Number:
44095457739
Registry status : Live/Active
Previous name : ADAM GLOVER PTY. LTD.
RAGKAT PTY. LTD. (initial)
Change of legal
form : None reported.
Key Management
Name : Ashley Mark Tomlin
Designation : Managing Director
Appointments
Name : Ashley Mark Tomlin
Designation : Director and Company Secretary
Appointment date :
21/12/00
Address : 186 Old Eltham Road
Lower Plenty, VIC 3093
Australia
Biography : Born on 28-12-1961 in Kew, Victoria,
Australia.
Staff employed : 30 employees
Composition
Authorized Capital
: AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
How listed : Full
List
Composition
Shareholder name :
Roselyn Beryl Rattray-Wood
Address : 110 Old Kilmore Lancefield
Road
Lancefield, VIC 3435
Australia
No. of shares : 25 Ordinary Shares
Shareholder name :
ADAM GLOVER NO. 2 PTY. LTD.
Address : 23 Lionel Road
Mount Waverley, VIC 3149
Australia
No. of shares : 75 Ordinary Shares
Structure
Name : ADAM GLOVER NO. 2 PTY.
LTD.
Affiliation type :
Parent Company
Address : 23 Lionel Road
Mount Waverley, VIC 3149
Australia
Comments : Investment Holding Company.
Name : SHANNON BOOKS (AUST)
PTY LTD
Affiliation type :
Sister Company
Address : 23 Lionel Road
Mount Waverley, VIC 3149
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
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The
Subject engages in commercial printing services.
Purchases
International :
Asian countries
Sales
Local : Yes
International : No
exports.
Property & Assets
Premises : The
Subject operates from premises located at the verified heading
address consisting
of administrative office and printing facility.
Branches : None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 : Prepayment,
Telegraphic transfer, Credit 30-60 days
Sales Term
Local :
Prepayment, Telegraphic 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.55.36 |
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|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
This score serves as a reference to assess SCs 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.