MIRA INFORM REPORT
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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALIAN BOTANICAL PRODUCTS PTY. LTD. |
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Formerly Known As : |
LAI-FAI PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.06.1987 |
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Com. Reg. No.: |
006782529 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution
of essential oils, carrier oils and fragrances. |
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No. of Employees : |
65 employees |
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 : AUSTRALIAN BOTANICAL PRODUCTS PTY.
LTD.
Business address : 39 Melverton Drive
Town : Hallam
Province : Victoria
Zip/postal code : 3803
Country : Australia
Tel : +61 3 97964833
Fax : +61 3 97964966
Website : www.abp.com.au
Registered address : 39 Melverton Drive
Town : Hallam
Province : Victoria
Zip/postal code : 3803
Country : Australia
Executive Summary
Date founded or registered : 12/06/1987
Legal form : Australian
Proprietary Company
Chief executive : John James Fergeus
Issued & paid up capital
: AUD 13.33
Sales turnover : AUD
25,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Import & distribution
of essential oils, carrier oils and fragrances.
Staff employed : 65
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 good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 12/06/1987
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
006782529
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
45006782529
Registry status : Live/Active
Previous name : LAI-FAI PTY. LTD. (initial)
Change of legal form : None reported.
Key Management
Name : John James Fergeus
Designation : Managing Director
Name : Jonpaul Howarth
Designation : Commercial Director
Name : Rosemary Lombard
Designation : Sales Manager
Appointments
Name : Alan Ross Jones
Designation : Director
Appointment date : 14/12/93
Address : 15 Victoria Street
Williamstown,
VIC 3016
Australia
Biography : Born on 31-01-1954 in
Footscray, Victoria, Australia.
Name : Timothy Xavier Smith
Designation : Director
Appointment date : 21/07/05
Address : 7 Miller Street
Berwick,
VIC 3806
Australia
Biography : Born on 07-12-1961 in Red
Cliffs, Victoria, Australia.
Name : John James Fergeus
Designation : Director and Company Secretary
Appointment date : 17/06/87
Address : C/o AUSTRALIAN BOTANICAL PRODUCTS
PTY. LTD.
39
Melverton Drive
Hallam,
VIC 3803
Australia
Biography : Born on 28-01-1953 in
Melbourne, Victoria, Australia.
Name : Jonpaul Howarth
Designation : Director
Appointment date : 22/03/12
Address : 8 Oldis Court
Berwick, VIC 3806
Australia
Biography : Born on 24-02-1980 in Bolton, United Kingdom.
Name : Neil
Morton Garland
Designation : Company Secretary
Appointment date : 30/03/94
Address : 7 Lavender Avenue
Pakenham, VIC 3810
Australia
Biography : Born on 10-12-1951 in Melbourne, Victoria,
Australia.
Staff employed : 65 employees
Composition
Authorized Capital : AUD 13.33
No of shares : 1,333 Ordinary Shares
Share par value : AUD 0.01
Issued capital : AUD 13.33
Paid up capital : AUD
13.33
How listed : Full List
Composition
Shareholder name : Alan Ross Jones
Address : 15 Victoria Street
Williamstown,
VIC 3016
Australia
No. of shares : 100 Ordinary Shares
Shareholder name : Timothy Xavier Smith
Address : 7 Miller Street
Berwick,
VIC 3806
Australia
No. of shares : 133 Ordinary Shares
Shareholder name : John James Fergeus
Address : 39 Melverton Drive
Hallam,
VIC 3803
Australia
No. of shares : 1,100 Ordinary Shares
Structure
Name : MONTPORT PTY LTD
Affiliation type : Associate
Address : 39 Melverton Drive
Hallam,
VIC 3803
Australia
Name : AUSTRALIAN NATURAL BRANDS PTY LTD
Affiliation type : Associate
Address : 39 Melverton Drive
Hallam,
VIC 3803
Australia
Name : AUROMA PTY LTD
Affiliation type : Associate
Address : 39 Melverton Drive
Hallam,
VIC 3803
Australia
Bank Details
Name of bank : Commonwealth Bank of Australia
Address : Australia
Account details : Current Account
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
: Estimated Figures
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.99 as of
27-06-2012
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 : 25,000,000
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages in
manufacturing, import & distribution of essential
oils, carrier oils and fragrances.
Product &
services :
Essential Oils
Aromatic Chemicals
Vegetable Oils
Fragrance
Personal / Body Care products
Household products
Aromatherapy products
Brand : Roonka
Essential Therapeutics
Auroma
Purchases
International : Worldwide
Sales
Local : Yes
International : Worldwide
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of laboratory, production facilities, warehouse
and
administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.586 trillion
GPP (Purchasing power parity) : 954.296 billion of International dollars
GDP per capita - current prices : US$ 68,916
GDP - composition by sector : agriculture: 4.0% industry: 25.6% services: 70.4%
Inflation :
2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment rate
2009: 5.6 %
2010: 5.2 %
2011: 5.1%
Public debt
(General Government gross
debt as a % GDP)
2009: 16.9%
2010: 20.4 %
2011: 22.9 %
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 :
Westpac Banking Group (Major Banks),
BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major
Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks),
Telstra (Telecommunications services), Wesfarmers (Food Retail)
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 : 2008:
US$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI Outflows : 2008:
US$33,604 million
2009: US$16,160 million
2010: US$26,431 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 142, 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
: 76.00%
Purchase Term
Local : Prepayment, Bank
transfer, D/P, Credit 30-90 days
International : L/C, Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Prepayment, Bank
transfer, D/P, Credit 30-90 days
International : L/C, Telegraphic transfer, D/P,
Credit 30-90 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.56.31 |
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UK Pound |
1 |
Rs.88.06 |
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Euro |
1 |
Rs.70.91 |
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.