MIRA INFORM REPORT
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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BAC MANUFACTURING PTY LTD |
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Registered Office : |
C/O Ian S Bell, |
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Country : |
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Date of Incorporation : |
22.03.2007 |
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Com. Reg. No.: |
124563935 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Die-cut paper and paperboard manufacturers |
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No. of Employees : |
03 |
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 50,000 |
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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 |
IDENTIFICATION DETAILS
Verified Address
Subject name : BAC MANUFACTURING PTY LTD
Business address : 4A Elma Road
Town : Cheltenham
Province : Victoria
Zip/postal code : 3192
Country : Australia
Tel : +61 3 95553093
Registered address : C/o IAN S BELL
404 Mair Street
Town : Ballarat
Province : Victoria
Zip/postal code : 3350
Country : Australia
Executive Summary
Date founded or registered : 22/03/2007
Legal form : Australian
Proprietary Company
Chief executive : Dale Lawrence
Issued & paid up capital
: AUD 3
Sales turnover : AUD 1,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Die-cut paper and
paperboard manufacturers.
Staff employed : 3 employees
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is
steady
Management experience : Management is modestly experienced
Financial performance : performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 50,000
Credit amount asked : USD 50,000
Registry Data
Registration date : 22/03/2007
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
124563935
Registered authority : Australian Securities and Investments
Commission
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Dale Lawrence
Designation : Managing Director
BOARD OF DIRECTORS/ OTHER
APPOINTMENTS
Appointments
Name : Dale Lawrence
Designation : Director and Company Secretary
Appointment date : 22/03/07
Address : 140 Oak Street
Beaumaris,
VIC 3193
Australia
Biography : Born on 20-05-1967 in
Launceston, Tasmania, Australia.
Name : Nicole Louise Lawrence
Designation : Director
Appointment date : 22/03/07
Address : 140 Oak Street
Beaumaris, VIC 3193
Australia
Biography : Born on 06-11-1967 in
Melbourne, Victoria, Australia.
Staff employed : 3 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 : Dale Lawrence
Address : 140 Oak Street
Beaumaris,
VIC 3193
Australia
No. of shares : 1 Ordinary Share
Shareholder name : Nicole Louise Lawrence
Address : 140 Oak Street
Beaumaris,
VIC 3193
Australia
No. of shares : 1 Ordinary Share
Shareholder name : Jointly held by Dale Lawrence &
Nicole Louise Lawrence
Address : 140 Oak Street
Beaumaris,
VIC 3193
Australia
No. of shares : 1 Ordinary Share
Structure
Related
companies and corporate affiliations comments : None Reported
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
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 0.97 as of
21-03-2012
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 : 1,000,000
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged as die-cut paper and
paperboard manufacturers.
Product & services : Die-Cut Paper
Paperboard
Cardboard
Purchases
International : India, Taiwan
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of
production facilities, warehouse and administrative office.
Branches : None reported
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.0% 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, Credit 30 days
Sales Term
Local : Prepayment, Credit 30
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.50.59 |
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UK Pound |
1 |
Rs.80.34 |
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Euro |
1 |
Rs.67.14 |
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.