MIRA INFORM REPORT
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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ALL TRAILER SPARES ( |
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Registered Office : |
C/O Cooper Reeves, Level 1, |
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Country : |
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Date of Incorporation : |
06.02.1998 |
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Com. Reg. No.: |
081545011 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Import and distribution of trailer spare partss |
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No. of Employees : |
08 |
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 : ALL TRAILER SPARES (AUSTRALIA) PTY.
LTD.
Business address : 605 Toohey Road
Town : Salisbury
Province : Queensland
Zip/postal code : 4107
Country : Australia
Tel : +61 7 32772802
Fax : +61 7 32772483
Website : www.alltrailerspares.com.au
Registered address : C/o COOPER REEVES
Level 1, 172 Evans Road
Town : Salisbury
Province : Queensland
Zip/postal code : 4107
Country : Australia
Postal address : P.O. Box 176
Town : Salisbury
Province : Queensland
Zip/postal code : 4122
Country : Australia
Executive Summary
Date founded or registered : 06/02/1998
Legal form : Australian
Proprietary Company
Chief executive : Alistair Brian Denovan
Issued & paid up capital
: AUD 200
Sales turnover : AUD 2,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Import and distribution of
trailer spare parts.
Staff employed : 8 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 : 06/02/1998
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 081545011
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 40081545011
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Alistair Brian Denovan
Designation : Managing Director
Appointments
Name : Alistair Brian Denovan
Designation : Director and Company Secretary
Appointment date : 06/02/98
Address : 158 Fairview Drive
Willow
Vale, QLD 4209
Australia
Biography : Born on 25-11-1954 in New
Zealand.
Staff employed : 8 employees
Composition
Authorized Capital : AUD 200
No of shares : 200 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 200
Paid up capital : AUD
200
How listed : Full List
Composition
Shareholder name : Alistair Brian Denovan
Address : 158 Fairview Drive
Willow
Vale, QLD 4209
Australia
No. of shares : 100 Ordinary Shares
% of shares : 50%
Shareholder name : Donna Leanne Denovan
Address : 158 Fairview Drive
Willow
Vale, QLD 4209
Australia
No. of shares : 100
Ordinary Shares
% of shares : 50%
Structure
Related companies and
corporate affiliations comments :
None reported.
Bank Details
Name of bank : National Australia Bank 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 firstN 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 : Australia
Dollar (AUD)
Exchange rate : 1 USD = AUD 1.01 as of
12-06-2012
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 : 2,000,000
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 $12.5 million, and
-The company and any entities
it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages in import and
distribution of trailer spare parts.
Product & services :
Axles
Jockey Wheels & Stands
Bearings
Boat Trailer Components
Bolts & Nuts
Springs
Brakes
Trailer Body Parts
Couplings
U-Bolts
Hubs, Drums & Discs
Purchases
International : Mainly from Taiwan, India, United States
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of
administrative office, retail store and warehouse.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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, Cash, Bank
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.85 |
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UK Pound |
1 |
Rs.86.88 |
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Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
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.