MIRA INFORM REPORT
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Report Date : |
13.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BRAEMAC ENERGY PTY LTD |
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Formerly Known As : |
BRAEMAC (ENERGY) PTY LTD |
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Registered Office : |
C/O D.P. Loewy & Co Suite 3, 2a Mona Road, Darling Point, New South Wales, Zip/Postal Code 2027 |
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Country : |
Australia |
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Date of Incorporation : |
09.01.2007 |
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Com. Reg. No.: |
123377382 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Solar system distributor and installation providers. |
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No. of Employees : |
30 |
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 160,000 |
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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 – 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 : BRAEMAC ENERGY PTY LTD
Business address : Unit 1, 59-61 Burrows Road
Town : Alexandria
Province : New South Wales
Zip/postal code : 2015
Country : Australia
Tel : +61 2 95506600
Fax : +61 2 95506377
Website : www.braemacenergy.com.au
Registered address : C/o D.P. LOEWY & CO Suite 3, 2A Mona Road
Town : Darling Point
Province : New South Wales
Zip/postal code : 2027
Country : Australia
Executive Summary
Date founded or registered : 09/01/2007
Legal form : Australian Proprietary Company
Chief executive : Jonathan Mitchell
Issued & paid up capital : AUD 1,010
Line of business : Solar system distributor and installation providers.
Staff employed : 30 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 undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 160,000
Credit amount asked : Not described.
Registry Data
Registration date : 09/01/2007
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 123377382
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number: 96123377382
Registry status : Live/Active
Previous name : The Subject was previously known as BRAEMAC
(ENERGY) PTY LTD and changed to the current style on 15-01-2007.
Change of legal form : None reported.
Key Management
Name : Jonathan Mitchell
Designation : General Manager
Name : David Scouller
Designation : Sales Manager
Appointments
Name : Danny
Nemeny
Designation : Director and Company Secretary
Appointment date : 09/01/07
Address : 9
Queens Avenue
Vaucluse, NSW 2030
Australia
Biography : Born
on 02-12-1952 in Kfar Saba, Israel.
Name : Dino
Calvisi
Designation : Director and Company Secretary
Appointment date : 09/01/07
Address : 69
Kirribilli Avenue
Kirribilli, NSW 2061
Australia
Biography : Born
on 07-01-1954 in Sydney, New South Wales, Australia.
Staff employed : 30 employees
Composition
Authorized Capital : AUD 1,010
No of shares : 1010 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 1,010
Paid up capital :
AUD 1,010
How listed : Full List
Composition
Shareholder name : ASSILEM HOLDINGS PTY LTD
Address : 9 Queens Avenue
Vaucluse, NSW 2030
Australia
No. of shares : 505 Ordinary Shares
Shareholder name : ALLEBASI PTY LTD
Address : 11 Francis Street
Hunters Hill, NSW 2110
Australia
No. of shares : 505 Ordinary Shares
Structure
Name BRAEMAC PTY LTD
Affiliation type Associate
Address Unit 1, 59-61 Burrows Road
Alexandria, NSW 2015
Australia
Name BRAEMAC (AUSTRALIA) PTY LIMITED
Affiliation type Associate
Address Unit 1, 59-61 Burrows Road
Alexandria, NSW 2015, Australia
Name BRAEMAC PID PTY LTD
Affiliation type Associate
Address Unit 1, 59-61 Burrows Road
Alexandria, NSW 2015, Australia
Name BRAEMAC (S.A.) PTY. LIMITED
Affiliation type Associate
Address Unit 1, 59-61 Burrows Road
Alexandria, NSW 2015
Australia
Name BRAEMAC ENERGY (SA) PTY LTD
Affiliation type Associate
Address 18 Regent Street
Melrose Park, SA 5039
Australia
Name BRAEMAC ELECTRONIC SERVICES PTY LTD
Affiliation type Associate
Address Unit 1, 59-61 Burrows Road
Alexandria, NSW 2015
Australia
Name BRAEMAC LIMITED
Affiliation type Associate
Address Room 1301, 13/F, Nanyang Plaza
57 Hung To Road, Kwun Tong
Kowloon
Hong Kong
Name BRAEMAC
N.Z. PTY LIMITED
Affiliation type Associate
Address Unit
1A, 31 Apollo Drive MairangiBay, Auckland New Zealand
Name BRAEMAC
LIMITED
Affiliation type Associate
Address 1 Mandarin Court, Centre Park Warrington, Cheshire WA1 1GG United Kingdom
Name BRAEMAC PTE. LTD.
Affiliation type Associate
Address 31 Kaki Bukit Road 3
#06-25 Techlink
Singapore 417818
Singapore
Related companies
and corporate affiliations comments
Other companies of the Braemac Group should be considered
affiliates of the Subject.
Bank Details
Name of
bank :
Commonwealth Bank Of Australia
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
Comments : The representative contacted declined
to provide any financial information until the inquiring party details are
revealed.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Main activities : The Subject is engaged in solar system
distribution and installation.
Purchases
International : Taiwan, New Zealand, China
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office and
warehouse.
Branches : In addition, the Subject operates from
branch offices located at:
Unit 10B, 191 Hedley Avenue
Hendra QLD 4011
Australia
Tel: +61 7 36300882
1/15 Howleys Road
Notting Hill VIC 3168
Australia
Tel: +61 3 95400100
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.0% 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
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.94 |
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UK Pound |
1 |
Rs.78.25 |
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Euro |
1 |
Rs.65.39 |
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.