MIRA INFORM REPORT
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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
NETCOMM WIRELESS LIMITED |
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Formerly Known As : |
NETCOMM LIMITED |
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Registered Office : |
Level 2, |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
30.06.1982 |
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Com. Reg. No.: |
002490486 |
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Legal Form : |
Australian Public Company |
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Line of Business : |
Development, manufacturing & distribution of networking and data communication products |
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No. of Employees : |
50 |
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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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : NETCOMM WIRELESS LIMITED
Business address : Level
2, 18-20 Orion Road
Town : Lane Cove
Province : New South Wales
Zip/postal code : 2066
Country : Australia
Tel : +61 2 94242000
Fax : +61 2 94279260
Website : www.netcommwireless.com
Registered address : Level 2, 18-20 Orion Road
Town : Lane Cove
Province : New South Wales
Zip/postal code : 2066
Country : Australia
Executive Summary
Date founded or registered : 30/06/1982
Legal form : Australian Public
Company
Chief executive : David Paul James Stewart
Issued & paid up capital
: AUD 9,840,273
Sales turnover : AUD
67,679,278 (Consolidated 12 months, 30/06/2011)
Net income : AUD -1,202,147
(Consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 31,279,781 (Consolidated
12 months, 30/06/2011)
Line of business : Development, manufacturing
& distribution of networking and data
communication products.
Staff employed : 50
employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
declining
Management experience : Management is reasonably experienced
Financial performance : Financial performance is gradually
declining
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Comments : Credit can still be
considered although declined in profit as the Subject’s equity
balance is sufficient.
Registry Data
Registration date : 30/06/1982
Legal form : Australian Public Company
Registration no Australian Company Number:
002490486
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
85002490486
Registry status : Live/Active
Previous name : NETCOMM LIMITED
SIRIUS
TECHNOLOGIES LIMITED
NETCOMM
LIMITED
NETCOMM
(AUSTRALIA) LIMITED
NETCOMM
(AUSTRALIA) PTY LTD
NETCOMM
PTY LTD
RAFEV
HOLDINGS PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : David Paul James Stewart
Designation : Managing Director
Name : Kenneth John Patrick Sheridan
Designation : Financial Director
Name : Yumi Bondy
Designation : Head of Marketing
Name : Karen McCrum
Designation : Operations
Manager
Name : Jim Lahey
Designation : Senior Vice President International Sales
Appointments
Name : David Paul James
Stewart
Designation : Director
Appointment date : 14/11/97
Address : 1 Rooke Lane
Hunters Hill, NSW 2110, Australia
Biography :
Born on 29-04-1954 on Wondai, Queensland, Australia.
David is an experienced CEO and successful entrepreneur with more than 30 years in management and business leadership roles. David founded Banksia Technology Pty Limited in 1988 and successfully managed the company as a fast growing and highly profitable business. In 1996 he instigated the successful takeovers of a number of his competitors, including NetComm Limited, which was completed in November 1997. David assumed the role of Managing Director of the merged entity and remains the single largest shareholder of NetComm.
David has a strong financial background, extensive experience in sales and marketing and has a strong interest in new technologies.
While being very active in the operational aspects of the business, he also oversees the product development direction and focuses on the strategic direction of the company.
Name : John Mason Burton
Designation : Director
Appointment date : 29/09/00
Address : 240 Moray Street
South
Melbourne, VIC 3205
Australia
Biography :
Born on 05-07-1937 in Brisbane, Queensland, Australia.
With more than 30 years experience in the telecommunications
industry, both in Australia and overseas, Mr Burton has an in depth
understanding of the factors that drive commercial success in the
telecommunications arena. His professional background includes senior
management roles with Telecom (now Telstra), KPMG Management Consulting, DSC
Communications and Nextgen Networks. Mr Burton is also the Chairman of Spatial
Vision Innovations Pty Ltd, a company that uses digital technology to address
business and environmental problems. He is currently CEO of Manson Consulting,
a company which provides consultancy services to a range of telecommunications
organisations.
Name : Kenneth
John Patrick Sheridan
Designation : Director
and Company Secretary
Appointment date : 20/12/10
Address : 92
Middle Harbour Road
Lindfield, NSW 2070
Australia
Biography :
Born on 27-05-1962 in Sydney, New South Wales, Australia. Mr Sheridan is a Chartered Accountant with over 30 years’ experience in senior management in major corporations in Australia and Asia. He spent 11 years with KPMG before he moved into the commercial sector where he held several CFO roles with large multinational companies in Australia and Asia including three years as Finance Director of a top 10 Malaysian listed consumer goods company. Mr Sheridan was the Group CFO for Tenix, one of Australia’s largest private companies. In the 6 years prior to joining NetComm, Mr Sheridan was Managing Director and major shareholder of Acelero Pty Ltd, a human resources software company.
Name : John Anthony Brennan
Designation : Director
Appointment date : 29/09/00
Address : 38 Tipperary Avenue
Killarney
Heights, NSW 2087
Australia
Biography :
Born on 21-06-1935 in Twickenham, United Kingdom. Mr Brennan is
Managing Director of John David Cooper and Associates Pty Limited, a management
consulting company focused on the development and deployment of e-business
strategies for mid to large sized organisations. His previous roles include
National General Manager, Corporate and Government Sales for Telstra, General
Manager Corporate Services for Advance Bank and Regional Manager (Computers and
Telecommunications) with the PA Consulting Group.
Name : Justin
Milne
Designation : Director
Appointment date : 07/03/12
Address : 11
Clare Street
Rozelle, NSW 2039
Australia
Biography :
Born on 19-11-1952 in Adelaide, South Australia, Australia.
Mr Milne was appointed to the NetComm Wireless board in 7
March 2012. With extensive experience in the telecommunications industry and
related fields, Mr Milne is well placed to make a solid contribution to the strategic direction of the Company.
He is the Deputy Chairman of Quickflix Ltd and non executive Director of Tabcorp Holdings Ltd. He is also Chairman of the National Basketball League and a board member of the Sydney Children’s Hospital Network (Randwick and Westmead) and of Basketball Australia. Mr Milne was Chairman of Pie Networks Ltd; Group Managing Director at Telstra BigPond, CEO of The Microsoft Network and of OzEmail. He is also a past board member of the SA Economic Development Board and a past President of the Internet Industry Association.
Staff employed : 50 employees
Key Advisors
Auditors : BDO AUDIT(NSW-VIC) PTY LTD
Level 19, 2 Market Street
Sydney,
NSW 2000
Australia
Solicitors
: DLA Phillips Fox
201
Elizabeth Street
Sydney,
NSW 2000
Australia
Maddocks
Angel Place
123 Pitt Street
Sydney, NSW 2000
Australia
Composition
Authorized Capital : AUD 9,840,273
No of shares : 103,757,614 Ordinary Shares
Share par value : No par value
Issued capital : AUD 9,840,273
Paid up capital : AUD
9,840,273
How listed : Major Shareholders Only
Composition
Shareholder name : BRAD INDUSTRIES PTY LIMITED
Address : Australia
No. of shares : 22,944,008 Ordinary Shares
% of shares : 22.02%
Shareholder name : NBT PTY LIMITED
Address : Australia
No. of shares : 5,534,274 Ordinary Shares
% of shares : 5.31%
Shareholder name : Dr. Colin Rose
Address : Australia
No. of shares : 5,009,407 Ordinary Shares
% of shares : 4.81%
Shareholder name : BOND STREET CUSTODIANS LIMITED
Address : Australia
No. of shares : 2,653,679 Ordinary Shares
% of shares : 2.55%
Shareholder name : Michael John Cornelius
Address : Australia
No. of shares : 2,486,170 Ordinary Shares
% of shares : 2.39%
Comments : The Subject is listed on the Australian Stock
Exchange and has approximately
Structure
Name : DYNALINK MODEMS LTD
Affiliation type :
Wholly-owned Subsidiary
Address : New Zealand
Name : BANKSIA TECHNOLOGY PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : Australia
Name : MIKE BOORNE ELECTRONICS PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : Australia
Name : SPIRIT TECHNOLOGY (HK) LTD
Affiliation type : Wholly-owned Subsidiary
Address : Hong Kong
Name : CALL DIRECT CELLULAR SOLUTIONS 2003
PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : Australia
Name : C10 COMMUNICATIONS PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : Australia
Name : CANADA NETCOMM LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : Canada
BANK & MORTGAGES
Bank Details
Name of bank : National Australia Bank
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
: Commercial Registry Filings
Financial statement date : 30/06/11
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.99 as of
09-05-2012
Summarized
Financial Information
Consolidation type : Consolidated Consolidated Consolidated
Currency : Australia
Dollar (AUD) Australia Dollar (AUD) Australia Dollar (AUD)
Denomination : (x1) One (x1) One (x1) One
Date of financial year end : 31/12/11 30/06/11 30/06/10
Length of accounts : 6 months 12 months 12 months
Profit before tax : -1,881,852 -396,736 2,294,204
Net income : -1,325,095 -1,202,147 1,624,988
Non current assets : 9,235,248 8,579,384 11,220,104
Current assets : 21,256,119 22,700,397 23,072,900
Inventories : 9,189,469 6,704,900 10,233,328
Total assets : 30,491,367 31,279,781 34,293,004
Current liabilities : 16,570,899 15,901,333 17,613,010
Non current liabilities : 379,694 537,801
283,105
Total liabilities : 16,950,593 16,439,134 17,896,115
Share equity : 13,540,774 14,840,647 16,396,889
Reserve : 228,350 246,628 232,872
Retained earning : 3,472,151 4,797,246 6,514,621
Comments :
The consolidated financial
information above relates to the Subject and its subsidiaries.
Main activities : The Subject engages in
development, manufacturing & distribution of networking
and data communication products.
Subject has developed a portfolio
of data communication products, including world’s first broadband HSPA+ (High
Speed Packet Access) and LTE (Long Term Evolution) routers and is a respected
global provider of HSPA+, LTE, machine to machine (M2M) wireless and fibre
access products.
The Subject sells its
products to homes, small offices, businesses, governments, and Internet service
providers in Australia, New Zealand, the Middle East, South Africa, the United
States and Canada. The Subject is listed on the Australian Stock Exchange under
the code NTC.
Product & services :
Data Communication &
networking products:
- Modems, USB modems
- Routers, USD routers
- Switches
- LTE products
- ADSL products
- Mobile broadband products
- Wireless, Wifi products
- VOIP products
- 3G products
Brand : NETCOMM
Purchases
International : Taiwan,
China
Sales
Local : Yes
International :
New Zealand, Middle East, South Africa, USA, and Canada
Key events : 24
April 2012
NetComm Wireless launches its Fibre-Ready WiFi data and VoIP gateway
(NF1ADV) NetComm Wireless Limited (ASX: NTC) today introduced the WiFi Data and
VoIP Gateway (NF1ADV) into its new Fibre™ Series. The dual-access NF1ADV
connects personal and business users to ADSL today, and to fibre networks when
available via its Gigabit WAN port to significantly enhance communication,
entertainment and business applications with the
advanced speed and performance capabilities of fibre connectivity.
The all-in-one WiFi Data and VoIP Gateway creates a powerful
300Mbps WiFi network for multiple devices such as laptops, PCs, gaming consoles
and tablets, and incorporates a powerful Broadcom chipset to support business
applications with significantly improved WiFi coverage over extended distances.
Users can make up to four high speed wired connections to bandwidth-intensive
devices, such as HD TVs, via the LAN ports; and economical VoIP calls over
fibre networks. Bundling the features of multiple devices into one, the Gateway
also supports printing and file storage needs using the two in-built USB host
ports.
Designed to provide Internet and Retail Service Providers with a
product capable of optimising their fibre service and delivering it
efficiently, the National Broadband Network (NBN) ready NF1ADV also comes
equipped with next generation IPv6 capabilities and TR-069 remote management
support to improve the customer experience and reduce service provider support
and operational costs. David Stewart, Managing Director, NetComm Wireless, said
personal and business users can now keep pace with the rapid momentum of
technological change.
"The NF1ADV maximises online speed and performance on
multiple levels with current and future network access options and the very
latest in wireless and VoIP technology. What this means for users in Australia,
New
Zealand and globally is an ultra-fast and powerful online experience for a long time to come," said Mr Stewart.
The
WiFi Data and VoIP Gateway features: a Gigabit WAN port, four LAN ports; a
Wireless N access point; two FXS ports for VoIP connectivity; an FXO port for
landline backup; two USB host ports; a WPS button for simple wireless network
setup and multiple power saving green features including time of day LED
dimming, WiFi power save features and power down functions.
23
April 2012
NetComm
Wireless launches its first Fibre™ series router
NetComm
Wireless Limited (ASX: NTC) today announced the launch of its new Fibre™ Series
with the release of its Dual Band WiFi Gigabit Hub (NF2). Developed to maximise
superior fibre optic network speeds while supporting today's most popular
connection options, the NF2 delivers super-fast ADSL, cable or fibre Internet
access; and also offers an alternate 3G/4G USB modem connection. The NF2
optimises high-bandwidth activities such as media streaming and online gaming
while preparing personal and business users for the future with next generation
IPv6 addressing and a host of power conserving green features. The future-ready
NF2 is the first of NetComm Wireless' range of advanced Fibre™ Series Gateways
designed to transform the online experience for the ninety three per cent of
Australian homes, schools and businesses set to experience broadband speeds of
up to one gigabit per second through access to the National Broadband Network's
(NBN) fibre-to-the-premise technology; and the remaining seven per cent of
premises to be connected via next-generation high-speed wireless and satellite
technologies, as well as the seventy five per cent of New Zealand residents
scheduled to access
Crown
Fibre's open-access fibre-to-the-home network over the next decade. David
Stewart, Managing Director, NetComm Wireless, said the NF2 was developed to
meet both the current and future needs of connected homes and businesses,
providing high-speed access to ADSL, cable and other existing services until
fibre connectivity becomes available. "The telecommunications landscape in
Australia is changing on a massive scale as the NBN fibre rollout continues to
expand, giving more and more users the chance to boost the performance of new technologies
and bandwidth-intensive applications such as video streaming. The launch of our
Fibre™ Series gives service providers the opportunity to prepare their
customers for the national fibre upgrade, while enabling access to ADSL in the
interim," said Mr Stewart. Designed to significantly enhance wireless
performance, the NF2 creates two independent wireless networks. The concurrent
dual-band WiFi feature gives users the opportunity to connect
bandwidth-intensive devices, including HD TVs, to a 5GHz network while
simultaneously running everyday devices such as laptops and tablet computers on
a separate 2.4GHz network to reduce interference and delays. The NF2 also
features three Gigabit LAN ports for high-speed connections to wired devices
such as PCs and HD TVs. With the incorporation of two USB 2.0 ports, users can
create a superfast 4G WiFi hotspot within coverage areas using a Telstra 4G USB
modem, or Sierra Wireless 320u. High-speed multi-device access to widespread 3G
networks can also be achieved using a compatible 3G USB modem; and files can be
stored and shared on an external hard disk drive network.
21 November 2011
NETCOMM DELIVERS WIRELESS M2M ROUTERS TO
SOUTH EAST WATER
NetComm Limited (ASX: NTC) has today
announced that South East Water, one of Melbourne's three water retailers owned
by the Victorian
Government,
has selected NetComm to supply HSPA Machine-to-Machine (M2M) Routers for the
remote monitoring and control of pressure sewerage pump units located in areas
spanning the south east of Melbourne to South Gippsland.
As
part of its long term backlog program, South East Water connects households on
septic tanks to the networked sewerage system. High-speed NetComm HSPA M2M Routers
are being deployed by South East Water to deliver data from the new pressure
sewerage pump units back to a central supervisory control and data acquisition
SCADA host system over the internet using 3G connectivity. NetComm HSPA M2M
Routers provide undisrupted point-to-point or point-to-multipoint wireless
communications for the remote management, regulation and control of sewerage
pumps located in demanding environments such as mountainous terrains, high
water table districts, environmentally sensitive regions, high gravity zones
and other areas typically serviced by pressure sewerage systems. An initial
deployment will commence in early November this year.
"The
extraordinary growth of Machine-to-Machine (M2M) connectivity is largely driven
by demand from innovative utility companies such as South East Water. We are
pleased to have been selected to develop the advanced wireless M2M technology
needed to support South East Water's strong commitment to innovation and
customer service." said David Stewart, Managing Director, NetComm.
Designed to create wide area networks utilising the flexibility of 3G, the
Routers support multi-level system monitoring for reliable communications that
can be managed from a computer or smart phone via a web interface. Multiple
communication interfaces and protocols are supported to meet the demands of
today's telemetry and WAN applications; and the embedded Linux operating system
and available Software Development Kit (SDK) enables the installation of custom
firmware.
30
September 2011
NETCOMM
MARKET UPDATE: Earnings Guidance for the Half Year to 31 December 2011 and Full
Year to 30 June 2012
The
Board of NetComm Limited (ASX: NTC) has today provided guidance in respect of
the Company’s projected earnings for the half year to 31 December 2011 and the
Full Year to 30 June 2012.
The
Company’s Revenue for the half year ended 31 December 2011 is expected to be in
the range of $23-24 million with Earnings Before Interest, Tax, Depreciation
and Amortisation (EBITDA) projected to be a loss in the
range
of ($400,000) to ($600,000). Revenues and EBITDA for the corresponding prior
period were $31.4 million and $2.6 million respectively. The Full year results
for the year ended 30 June 2012 are expected to be broadly in line with those
of last year (excluding the impact of last year’s one off significant item
relating to inventory write-downs), being Revenue of $67.7 million and EBITDA
of $5.1 million. The projected half year result is being impacted by a
substantial slowdown in orders from Telstra. Orders from international Carriers
and contracts from Commercial and Industrial customers for Machine to Machine
(M2M) products are biased to the second half of the financial year.
The
2011/12 year continues the company’s transition from a consumer products
connectivity organisation to a supplier of highly valued wireless broadband
products to major Telecommunication carriers and major commercial and
industrial users of M2M technologies. This transition requires that we:
-
grow our international presence and the number of Telecommunication carriers
with which we have supply
relationships,
-
lay the foundations for further major contracts for M2M technology in the
commercial and industrial markets,
- continue to invest in development of the products we are
contracted to deliver to NBN Co under our contract to supply Wireless Network
Termination Devices (WNTD) to Ericsson. This project begins to generate revenue
in 2012/13.
Netcomm’s outlook for forward
orders is now at the highest level in its history. Most of these orders
commence delivery in 2012/13.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of
production facilities, warehouse and administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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%
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 total population
: 76.00%
Purchase Term
International : Prepayment, Bank transfer, L/C,
Credit up to 120 days
Sales Term
Local : Prepayment, D/P, Bank
transfer, Credit up to 120 days
International : L/C, Prepayment, Bank transfer,
Credit up to 120 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
UK Pound |
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.