MIRA INFORM REPORT
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Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ANTEC ENGINEERING PTY LIMITED |
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Registered Office : |
9 Chicago Avenue,
Blacktown, New South Wales, Zip/postal code 2148 |
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Country : |
Australia |
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Date of Incorporation : |
23.09.2005 |
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Com. Reg. No.: |
116380226 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
import, manufacturing and distribution of solutions use in the mining, minerals processing and infrastructure industries |
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No. of Employees : |
40 |
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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Maximum Credit Limit : |
USD 220,000 |
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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 – 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 : ANTEC ENGINEERING PTY LIMITED
Business address : 9 Chicago Avenue
Town : Blacktown
Province : New South Wales
Zip/postal code : 2148
Country : Australia
Tel : +61 2 96229622
Fax : +61 2 96229199
Email : anteceng@antec.com.au
Website : www.antec.com.au
Registered address : 9 Chicago Avenue
Town : Blacktown
Province : New South Wales
Zip/postal code : 2148
Country : Australia
Executive Summary
Date founded or registered : 23/09/2005
Legal form : Australian
Proprietary Company
Chief executive : John Robert Clare
Issued & paid up capital
: AUD 159,027.10
Sales turnover : AUD 18,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Import,
manufacturing and distribution of products use in the mining,
Minerals
processing and infrastructure industries.
Staff
employed : 40 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 good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 220,000
Credit amount asked : USD 150,000
Registry Data
Registration date : 23/09/2005
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 116380226
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
23116380226
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : John Robert Clare
Designation : Managing Director
Name : Garry Andrew Craig
Designation : Sales Director
Name : John Youll Nesbitt
Designation : Financial Manager
Name : David Alwin
Designation : Operation Manager
Name : Robert Garde
Designation : Production Manager
BOARD OF DIRECTORS/ OTHER
APPOINTMENTS
Appointments
Name : Graham Peter Millar
Designation : Director
Appointment date : 23/09/05
Address : 4 Nicholii Place
Kenthurst,
NSW 2156
Australia
Biography : Born on 26-07-1949 in
Brisbane, Queensland, Australia.
Name : Caleb James Hayhoe
Designation : Director
Appointment date : 15/12/06
Address : The Redhill Peninsula
18 Pak Pat
Shan Road
Tai Tam
Bay
Hong Kong
Biography : Born on 19-07-1963 in
Toronto, Canada.
Name : Garry Andrew Craig
Designation : Director
Appointment date : 15/12/06
Address : Lot 5, Males Road
Moorooduc,
VIC 3933
Australia
Biography : Born on 13-10-1960 in Kew, Victoria, Australia.
Name : Michael
John Briggs
Designation : Director
Appointment date : 15/12/06
Address : 20 Ryries Parade
Cremorne, NSW 2090
Australia
Biography : Born on 07-02-1960 in Devonport, Tasmania,
Australia.
Name : John
Robert Clare
Designation : Director
Appointment date : 15/12/06
Address : 7 Griffin Place
Glebe, NSW 2037
Australia
Biography : Born on 10-09-1959 in Sydney, New South Wales,
Australia.
Name : John
Youll Nesbitt
Designation : Company Secretary
Appointment date : 03/05/07
Address : 7A Arbutus Street
Mosman, NSW 2088
Australia
Biography : Born on 05-04-1950 in Sydney, New South Wales,
Australia.
Staff employed : 40 employees
Composition
Authorized Capital : AUD 159,027.10
No of shares : 102,500 Ordinary Shares
Share par value : No par value
Issued capital : AUD 159,027.10
Paid up capital : AUD
159,027.10
How listed : Full List
Composition
Shareholder name : David John Alwin
Address : 65 Chain-O-Ponds Circuit
Mount
Annan, NSW 2567
Australia
No. of shares : 2,500 Ordinary Shares
Shareholder name : Robert James Garde
Address : 18 Como Close
Elderslie,
NSW 2570
Australia
No. of shares : 2,500 Ordinary Shares
Shareholder name : Graham Peter Millar
Address : 4 Nicholii Place
Kenthurst,
NSW 2156
Australia
No. of shares : 10,000 Ordinary Shares
Shareholder name : TEXAS INCOME INC.
No. of shares : 12,500 Ordinary Shares
Shareholder name : JATOLI PTY LIMITED
Address : 20 Ryries Parade
Cremorne,
NSW 2090
Australia
No. of shares : 16,000 Ordinary Shares
Shareholder name : CRAIG LAWRANCE NOMINEES PTY LTD
Address : Lot 5, Males Road
Moorooduc,
VIC 3933
Australia
No. of shares : 10,000 Ordinary Shares
Shareholder name : CHRISYL PTY LIMITED
Address : 4 Crookwell Avenue
Australia
No. of shares : 6,000 Ordinary Shares
Shareholder name : BEST CONDUCT ENTERPRISES LIMITED
No. of shares : 12,500 Ordinary Shares
Shareholder name : JYN NOMINEES PTY. LIMITED
Address : 7A Arbutus Street
Mosman,
NSW 2088
Australia
No. of shares : 2,500 Ordinary Shares
Shareholder name : ADCLARE SERVICES PTY LTD
Address : 7 Griffin Place
Glebe, NSW 2037
Australia
No. of shares : 28,000
Ordinary Shares
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.
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 0.95 as of 16-03-2012
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 : 18,000,000
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged in import, manufacturing and
distribution of solutions use in the mining, minerals processing and
infrastructure industries.
Product
& services :
Mining
-General Fabrication
-Pan & Paddle Mixers
-Concrete Pumps
-Gunite Pumps
-Shotcrete Machines
-Grout Mixers & Pumps
-Dust Extractors
-Passive Fire Protection
-Steel Coating
-Stud Welding
-CD Pins & Clips
-Arc Studs
-Wear Studs
-Cable Trays & Management
-Rail Products
-Cable & Pipe Sealing Systems
-PDC Drill Bits
-Mill Liner Bolts
Minerals Processing
-Refractory Anchors
-Reinforcing Fibres
-Hex Mesh & Tabs
-General Fabrication
-Pan & Paddle Mixers
-Concrete Pumps
-Gunite Pumps
-Shotcrete Machines
-Grout Mixers & Pumps
-Dust Extractors
-Passive Fire Protection
-Steel Coating
-Stud Welding
-CD Pins & Clips
-Arc Studs
-Wear Studs
-Cable Trays & Management
-Cable & Pipe Sealing Systems
-PDC Drill Bits
Infrastructure
-General Fabrication
-Pan & Paddle Mixers
-Concrete Pumps
-Gunite Pumps
-Shotcrete Machines
-Grout Mixers & Pumps
-Dust Extractors
-Passive Fire Protection
-Steel Coating
-Stud Welding
-CD Pins & Clips
-Arc Studs
-Wear Studs
-Shear Connectors
-Cable Trays & Management
-Rail Products
-Electrical Products
-Cable & Pipe Sealing
Systems
Brand : ANTEC, ARCFIX, REED,
EPITECH, HBS, KBS, HILBIG, KOCO, HAUFF
TECHNIK, KASCO, CLEVER &
CO.
Purchases
Local : Yes
International : China, Taiwan, South Africa, United
States, United Kingdom, Japan,
Germany
Sales
Local : Yes
International : Asia, Europe, United States
Property &
Assets
Premises : The Subject operates from premises located
at the verified heading address consisting of
production facilities, warehouse and administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 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 : Bank transfer,
Prepayment, Credit up to 90 days
International : L/C, Prepayment, Cash against
document, Credit up to 90 days
Sales Term
Local : Prepayment, Bank
transfer, Credit up to 90 days
International : L/C, Prepayment, Cash against
document, Credit up to 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
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.05 |
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Euro |
1 |
Rs.65.83 |
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.