|
Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
C.H. CHANG HOLDINGS PTY LTD |
|
|
|
|
Registered Office : |
83 Boulder Road Malaga Western Australia 6090 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
15.07.1980 |
|
|
|
|
Com. Reg. No.: |
008929833 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import and distribution of safety products |
|
|
|
|
No. of Employees : |
7 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 150,000 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : C.H. CHANG HOLDINGS PTY
LTD
Other style /
Business name : AUSTRALIAN SUPREME
IMPORT
Business address :
83 Boulder Road
Town : Malaga
Province : Western
Australia
Zip/postal code : 6090
Country : Australia
Tel : +61 8
92087288
Fax : +61 8
92087299
Email : info@australiansupremeimport.com
Website : www.australiansupremeimport.com
Registered address
: C/o RYA PTY LTD
Level 2, 442 Murray Street
Town : Perth
Province : Western
Australia
Zip/postal code : 6000
Country : Australia
Postal address : P.O. Box 483
Town : Morley
Province : Western
Australia
Zip/postal code : 6943
Country : Australia
Executive Summary
Date founded or
registered : 15/07/1980
Legal form : Australian
Proprietary Company
Chief executive : Gary Wing Yee Chang
Issued & paid
up capital : AUD 3
Line of business : Import and distribution
of safety products.
Staff employed : 7 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 undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
suggestion : USD 150,000
Credit amount
asked : USD 150,000
Comments : We
believe the Subject would be able to uphold the credit amount asked. We tookin
consideration years of establishment, employees, nature of business and market
position.
Registry Data
Registration date
: 15/07/1980
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
008929833
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business Number:
49670159091
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Other registration
: AUSTRALIAN SUPREME IMPORT is a
business name owned by the Subject
registered on 11/01/1994 under business registration no: WA 0104059F.
Key Management
Name : Gary Wing Yee Chang
Designation : Managing Director
Name : Iris Chan
Designation : Manager
Appointments
Name : Gary Wing Yee Chang
Designation : Director and Company Secretary
Appointment date :
22/08/01
Address : 22 Waverley Place
Dianella, WA 6059
Australia
Biography : Born on 02-02-1973 in Melaka,
Malaysia.
Staff employed : 7 employees
Composition
Authorized Capital
: AUD 3
No of shares : 3 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 3
Paid up capital : AUD 3
How listed : Full List
Composition
Shareholder name :
Gary Wing Yee Chang
Address : 22 Waverley Place
Dianella, WA 6059
Australia
No. of shares : 3 Ordinary Shares
% of shares : 100%
Structure
Related companies and
corporate affiliations comments :
None reported.
Bank Details
Name of bank : Westpac Banking Corporation
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 Mr. Gary Wing
Yee Chang 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject is engaged in import
and wholesale of safety products.
The Subject trades under the name Australian Supreme Import. The
Subject's products are marketed by wholesalers, resellers and retailers
Throughout Australia and New Zealand. Besides its safety products, the
Subject also provides fashion sunglasses and magnifying / reading
glasses.
Product &
services : Safety Glasses
Safety Goggles
Glove Clip
Heat and Fire Safety Goggles
Positive Seal Safety
Overspec & Rx Solutions
Bifocals
Polarised Safety Glasses
Mesh Glasses
Face Shields
Photochromatic Safety Glasses
Lens Wipes
Antifog Sticks
Hearing Protection
Head Protection
Warning Lights and Work Lights
Torch
Respiratory Devices
Accessories
Hand Protection
Sun Protection
OEM and ODM Services
Reading Glasses
Fashion Sunglasses
Sunglasses - Kids
Welding
Disposable Products
Brand : The Subject’s own
brand includes:
On Site Safety (Eyewear)
SGA (Eyewear)
Bandit III (Eyewear)
Other brand includes:
Tropical Vision Reading Glasses
Your Brand, Your Design
Sunnies Australia
Purchases
International : Taiwan, China, Malaysia
Sales
Local : Yes
International : New Zealand, African countries
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of administrative office and warehouse.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 tradedshares : 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 :
Credit 60-90 days after B/L, 50% Prepayment / 50% once good received
Sales Term
Local : Credit 30 days, Prepayment
International : Credit 30 days, 50% Prepayment / 50% once good
received
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.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.