MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ARISTO PTY LIMITED |
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Registered Office : |
C/O D R Banks
Accounting Suite 2, Level 1, 336 Keira Street, Wollongong, New South Wales ,
Zip/Postal Code 2500 |
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Country : |
Australia |
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Date of Incorporation : |
15.03.1993 |
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Com. Reg. No.: |
059443542 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and export of wines, timber, infant milk powder, iron ore, mineral water and energy drink |
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No. of Employees : |
3 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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Maximum Credit Limit : |
USD 90,000 |
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Status : |
Small Company |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : ARISTO PTY LIMITED
Business address :
6 Albatross Drive
Town : Blackbutt
Province : New South Wales
Zip/postal code : 2529
Country :
Australia
Tel : +61 2 42968563 / 412421010
Fax : +61 2 42966252
Email : michael@gpaptyltd.com
Registered address :
C/o D R BANKS ACCOUNTING Suite 2, Level
1, 336 Keira Street
Town : Wollongong
Province : New South Wales
Zip/postal code : 2500
Country : Australia
Postal address : P.O. Box 64
Town : Shellharbour
Province : New South Wales
Zip/postal code : 2529
Country : Australia
Comments : The Subject does not operate from a
physical office and all correspondence is
conducted through the residential premise of
the directors verified above.
Executive Summary
Date founded or registered : 15/03/1993
Legal form : Australian Proprietary Company
Chief executive : Mirko Prodanovic
Issued & paid up capital : AUD 2
Line of business :
Import and export of wines, timber,
infant milk powder, iron ore, mineral water and energy drink.
Staff employed : 3 employees including director
Company Analysis
Country risk : Country risk is minimal
Operation trend :
Operational trend is steady
Management
experience : Management is modestly experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is acceptable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
suggestion : USD 90,000
Credit amount asked : Not described.
Comments : It is
advisable to conduct business dealing on prepayment or L/C for larger
credit transaction than suggested. Although the Subject seems well positioned in the market and financially stable however without official financial information it would be difficult to grant a large credit amount.
Registry Data
Registration date : 15/03/1993
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 059443542
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 67059443542
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Mirko Prodanovic
Designation : Managing Director
Name : Zeljka Prodanovic
Designation : Director
Appointments
Name : Zeljka
Prodanovic
Designation : Director and Company Secretary
Appointment date : 20/03/93
Address : 6
Albatross Drive
Blackbutt, NSW 2529
Australia
Biography : Born
on 14-05-1967 in Kapinci, Croatia.
Staff employed : 3 employees including director
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 : Zeljka Prodanovic
Address : 6 Albatross Drive
Blackbutt, NSW 2529
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : Mirko Prodanovic
Address : 6 Albatross Drive
Blackbutt, NSW 2529
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
Satisfied Charges:
ASIC Charge Number: 606058
Date Registered: 22-08-1997
Charge type: Both Fixed & Floating
Date Created: 01-08-1997
Chargees Name: STATE BANK OF NEW SOUTH WALES LIMITED
ASIC Charge Number: 877705
Date Registered: 22-07-2002
Charge type: Fixed
Date Created: 03-07-2002
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
ASIC Charge Number: 1073495
Date Registered: 09-08-2004
Charge type: Fixed
Date Created: 30-06-2004
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
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 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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
The
representative contacted Mr. Mirko Prodanovic advised that the Subject
estimated turnover for financial year end 30-06-2011 was AUD 50 million. He
added that the Subject is in the midst of negotiation to supply iron ore to
China that could have an estimated return of USD 1.8 billion yearly.
Main activities : The Subject is engaged in import and
export of wines, timber, infant milk powder, iron ore, mineral water and energy
drink.
Purchases
Local : Yes
International : New Zealand, Serbia
Sales
Local : None reported.
International : China, India
Property & Assets
Premises : The Subject operates from residential
premises located at the verified heading address consisting of administrative
office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 64,351
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 :
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$46,722 million
2009: US$22,572 million
2010: US$32,472 million
FDI Outflows 2008: US$32,819 million
2009: US$18,426 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, Credit 30-60 days
International : L/C, Prepayment 70% and 30% once B/L
issued
Sales Term
International : L/C, Prepayment 70% and 30% once B/L
issued
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.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs66.18 |
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.