MIRA INFORM REPORT
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Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
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Name : |
DOEN PACIFIC PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.01.2003 |
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Com. Reg. No.: |
103431429 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Design, manufacturing and distribution of waterjet propulsion systems |
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No. of Employees : |
18 |
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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Status : |
Moderate |
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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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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 : DOEN PACIFIC PTY LTD
Business address : 33 Venture Way
Town : Braeside
Province : Victoria
Zip/postal code : 3195
Country : Australia
Tel : +61 3 95873944
Fax : +61 3 95870987
Email : info@doen.com
Website : www.doen.com
Registered address : 33 Venture Way
Town : Braeside
Province : Victoria
Zip/postal code : 3195
Country : Australia
Executive Summary
Date founded or registered : 20/01/2003
Legal form : Australian
Proprietary Company
Chief executive : Mark Dominic Peters
Issued & paid up capital
: AUD 4
Sales turnover : AUD
6,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Design, manufacturing and
distribution of waterjet propulsion systems.
Staff employed : 18 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 fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No
payment delays noted
Registry Data
Registration date : 20/01/2003
Legal form : Australian Proprietary Company
Registration no Australian Company Number:103431429
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
84103431429
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Mark Dominic Peters
Designation : Managing Director
Appointments
Name : Mark Dominic Peters
Designation : Director and Company Secretary
Appointment date : 20/01/03
Address : 9 Scotsburn Grove
Toorak,
VIC 3142
Australia
Biography : Born on 06-10-1949 in
Melbourne, Victoria, Australia.
Name : Frank Udvary
Designation : Director
Appointment date : 20/01/03
Address : 3 Tennyson Street
Sandringham,
VIC 3191
Australia
Biography : Born on 04-05-1943 in
Budapest, Hungary.
Name : Michael Richard
Lonergan
Designation : Director
Appointment date : 20/01/03
Address : 76 The Esplanade
Brighton,
VIC 3186
Australia
Biography : Born on 25-11-1948 in
Melbourne, Victoria, Australia.
Name : Timothy Peter Udvary
Designation : Company Secretary
Appointment date : 20/01/03
Address : 56 Downshire Road
Elsternwick,
VIC 3185
Australia
Biography : Born on 06-07-1967 in
Melbourne, Victoria, Australia.
Staff employed : 18 employees
Composition
Authorized Capital : AUD 4
No of shares : 4 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 4
Paid up capital : AUD
4
How listed : Full List
Composition
Shareholder name : PACIFIC JETS PTY. LTD.
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
No. of shares : 2 Ordinary Shares
% of shares : 50%
Shareholder name : DOEN MARINE PTY. LTD.
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
No. of shares : 2 Ordinary Shares
% of shares : 50%
Structure
Name : PACIFIC JETS PTY. LTD.
Affiliation type : Shareholder
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
Name : DOEN MARINE PTY. LTD.
Affiliation type :
Shareholder
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
Name : DOEN PACIFIC (VIC) PTY LTD
Affiliation type : Associate
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
Name : DOEN PACIFIC HOLDINGS PTY LTD
Affiliation type : Associate
Address : 33 Venture Way
Braeside,
VIC 3195
Australia
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.
Others : None reported
financial data
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 1.00 as of
14-05-2012
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 : 6,000,000
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities : The Subject engages in design, manufacturing and distribution of waterjet propulsion systems.
Product & services : Waterjet Propulsion Systems
Brand : DOEN
Purchases
International : Asian countries, Europe
Sales
Local : Yes
International : Worldwide: Vietnam, USA, Korea, United Arab Emirates, Argentina, Brazil, Malaysia,
Turkey, Belgium, Germany, Spain
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of
production facilities, warehouse and administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : L/C, Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Prepayment, Bank
transfer, Credit 30-90 days
International : L/C, Telegraphic transfer, D/P,
Credit 30-90 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
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.53.71 |
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UK Pound |
1 |
Rs.86.34 |
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Euro |
1 |
Rs.69.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.