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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
LAY-BUY
FINANCIAL SOLUTIONS PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.09.2010 |
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Com. Reg. No.: |
146418313 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Operates an
on-line retail website (www.lay-buys.com). |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : LAY-BUY FINANCIAL
SOLUTIONS PTY. LTD.
Other style / Business
name : WWW.LAY-BUYS.COM
Business address :
Town :
Province :
Zip/postal code : 4037
Country :
Tel : +61
410880977
Email : laybuysystems@gmail.com
Website : www.lay-buys.com
Registered address
:
Town :
Province :
Zip/postal code : 4037
Country :
Executive Summary
Date founded or
registered : 18/09/2010
Legal form : Australian
Proprietary Company
Chief executive : Warrin Quintin van
Deventer
Issued & paid
up capital : AUD 100
Line of business :
Operates an on-line
retail website (www.lay-buys.com).
Staff employed : Mr. Warrin Quintin van
Deventer is the only employee of the Subject
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is in
start-up phase
Management
experience : Management is
modestly experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is acceptable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
asked : Not described.
Comments : It is advisable to conduct
all business dealing on prepayment or L/C basis due to
the Subject's recent date of establishment.
Registry Data
Registration date
: 18/09/2010
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 146418313
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 31146418313
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Warrin Quintin van
Deventer
Designation : Managing Director
Appointments
Name : Warrin Quintin van
Deventer
Designation : Director
Appointment date :
18/09/10
Address : 15 Corowa Court
Brisbane, QLD 4037
Australia
Biography : Born on 12-07-1969 in Durban,
South Africa.
Name : Sharon van Deventer
Designation : Company Secretary
Appointment date :
18/09/10
Address : 15 Corowa Court
Brisbane, QLD 4037
Australia
Biography : Born on 15-04-1975 in Durban,
South Africa.
Staff employed : Mr. Warrin Quintin van Deventer is
the only employee of the Subject
Composition
Authorized Capital
: AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
How listed : Full List
Composition
Shareholder name :
Warrin Quintin van Deventer
Address : 15 Corowa Court
Brisbane, QLD 4037
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
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
Comments : Due to the Subject’s recent date of
establishment, financial information is not
available.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject operates an on-line
retail website (www.lay-buys.com).
The Subject offers a variety of products such as consumer products,
electronics, computers, homeware and fashion.
Product &
services : Electronics
Computers & tablets
Fashion Accessories
Homewares
Furniture
Wines
Toys
Purchases
International : Hong Kong, China, Taiwan, India
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from residential
premises located at the verified
heading address
consisting of administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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%
2011: 3.0%
Unemployment rate
: 2008: 4.2%
2009: 5.6%
2010: 5.2%
2011: 5.0%
Public debt
(General
Government gross debt as
a % GDP): 2008:
11.6%
2009: 17.6%
2010: 22.3%
2011: 24.1%
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 totalpopulation: 76.00%
Purchase Term
International :
Prepayment, Bank transfer, Credit 30 days
Sales Term
Local : Credit
card, Bank transfer, Prepayment
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
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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|
1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
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.