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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ACTIVE
FABRICATIONS (QLD) PTY. LTD. |
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Registered Office : |
DICKENSONS
ACCOUNTANTS |
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Country : |
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Date of Incorporation : |
28.06.1995 |
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Com. Reg. No.: |
070084874 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Import &
distribution of boat and trailer spare parts. |
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No. of Employees : |
15 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) |
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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 : ACTIVE FABRICATIONS (QLD) PTY. LTD.
Business address :
Town : Beenleigh
Province :
Zip/postal code : 4207
Country :
Tel : +61 7 38076666
Fax : +61 7 38076909
Email : info@activefabrications.com.au
Website : www.activefabrications.com.au
Registered address
: DICKENSONS ACCOUNTANTS
Town : Loganholme
Province :
Zip/postal code : 4129
Country :
Executive Summary
Date founded or
registered : 28/06/1995
Legal form : Australian
Proprietary Company
Chief executive : Brian Paul Dossett
Issued & paid
up capital : AUD 2
Sales turnover : AUD 3,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business :
Import &
distribution of boat and trailer spare parts.
Staff employed : 15 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
: 28/06/1995
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 070084874
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number:
54070084874
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Brian Paul Dossett
Designation : Managing Director
Appointments
Name : Andrea Maree Dossett
Designation : Director
Appointment date :
30/11/98
Address :
Ormeau, QLD 4208
Biography : Born on 30-12-1950 in
Name : Brian Paul Dossett
Designation : Director and Company Secretary
Appointment date :
28/06/95
Address :
Ormeau, QLD 4208
Biography : Born on 17-01-1948 in
Staff employed : 15 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 :
DIGGA HOLDINGS PTY. LTD.
Address : C/o DICKENSONS
ACCOUNTANTS
Loganholme, QLD 4129
No. of shares : 2 Ordinary Shares
% of shares : 100%
Structure
Related companies
and corporate
affiliations
comments: None reported.
Bank Details
Name of bank :
Address :
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 : Industry Sources
Financial
statement date : 30/06/11
Type of accounts :
Estimated key figures
Currency :
Exchange rate : 1 USD = AUD 1.01 as of
12-06-2012
Summarized Financial Information
Consolidation type
: Non Consolidated
Currency :
Denomination : (x1) One
Date of financial
year end : 30/06/11
Length of accounts
: 12 months
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject engages in import &
distribution of boat and trailer spare parts.
Product &
services : Couplings
Springs and fittings
Axles
Hubs & braking
Jockey wheels
Lights, wiring and plugs
Boat trailer accessories
Rims and tyres, and
Caravan and camping accessories.
Purchases
Local : Yes
International :
Mainly from
Sales
Local : Yes
International :
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of administrative office, retail store and warehouse.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of
Reserve of foreign
exchange & gold : US$ 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%,
5.5%,
Import - major
partners :
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 :
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,
Cash, Bank transfer, Credit 30 days
International :
Prepayment, Telegraphic transfer, Credit 30 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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
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.