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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ALTAMONTE PTY LTD |
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Registered Office : |
KEATING & COMPANY PTY LTD Level 10, |
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Country : |
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Date of Incorporation : |
20.12.2000 |
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Com. Reg. No.: |
095445257 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of consumer, hardware, homeware and building products. |
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No. of Employees : |
8 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
|
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 : ALTAMONTE PTY LTD
Business address :
Unit 5, 114 Merrindale Drive
Town : Croydon South
Province : Victoria
Zip/postal code : 3136
Country : Australia
Tel : +61 3 97617000
Fax : +61 3 97617111
Website : www.altamonte.com.au
Registered address
: KEATING & COMPANY PTY LTD
Level 10, 379 Collins Street
Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Executive Summary
Date founded or
registered : 20/12/2000
Legal form : Australian
Proprietary Company
Chief executive : Glenn Stephen Bird
Issued & paid
up capital : AUD 2
Sales turnover : AUD 3,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business :
Import and
distribution of consumer, hardware, homeware and building products.
Staff employed : 8 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
: 20/12/2000
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
095445257
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business Number: 71095445257
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Glenn Stephen Bird
Designation : Managing Director
Appointments
Name : Glenn Stephen Bird
Designation : Director and Company Secretary
Appointment date :
20/12/00
Address : 6 Hartley Road
Wonga Park, VIC 3115
Australia
Biography : Born on 16/03/1963 in
Melbourne, Victoria, Australia.
Name : Lisa Anne Bird
Designation : Director
Appointment date :
06/10/08
Address : 6 Hartley Road
Wonga Park, VIC 3115
Australia
Biography : Born on 23/09/1964 in
Melbourne, Victoria, Australia.
Staff employed : 8 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 :
Glenn Stephen Bird
Address : 6 Hartley Road
Wonga Park, VIC 3115
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name :
Lisa Anne Bird
Address : 6 Hartley Road
Wonga Park, VIC 3115
Australia
No. of shares : 1 Ordinary Share
% 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 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 1.00 as of
22-06-2012
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 : 3,000,000
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:
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject engages in import and
distribution of consumer, hardware,
homeware and building products for the hardware, building supplies,
homewares, automotive and leisure markets.
Product &
services : Drywall Fasteners
Accord Floor Vents
Builders Edge
Canopies
Gable Wall Vents
DuraCentre Wall Storage and Organization System
Carbon Monoxide Detectors
Temporary Flooring
Garage Storage
Crawford Workshop Helpers
GarageMaid
MID America Sidings
Novik Sidings
GT Water Products
Richard Tools
Hyde Tools
Hyloft Storage
Mcmaster Floor Vents
Purchases
International : United States, China, Taiwan,
United Kingdom
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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, Bank 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.56.99 |
|
|
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
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 |
|
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 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.