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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PERTEN
INSTRUMENTS OF AUSTRALIA PTY LIMITED |
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Registered Office : |
Unit
13, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.06.1985 |
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Com. Reg. No.: |
002954243 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Engages in distribution of scientific equipment used for
quality control for the grain, flour, feed & food industries |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 : PERTEN
INSTRUMENTS OF AUSTRALIA PTY LIMITED
Business
address : Unit 13, 2
Eden Park Drive
Town :
Macquarie
Park
Province
: New
South Wales
Zip/postal
code : 2113
Country
: Australia
Tel : +61 2
98703400
Fax : +61 2
98703401
Website
: www.perten.com
Registered
address : C/o Storey
Blackwood
Level 4, 222 Clarence Street
Town :
Sydney
Province
: New
South Wales
Zip/postal
code : 2000
Country
: Australia
Postal
address : PO Box 70
Town :
North
Ryde BC
Province
: New
South Wales
Zip/postal
code : 1670
Country
: Australia
Executive Summary
Date
founded or registered : 13/06/1985
Legal
form : Australian
Proprietary Company
Chief
executive : Jeffrey
Arthur H Rogers
Issued
& paid up capital : AUD 4
Sales
turnover : AUD
6,173,696 (Non-consolidated 12 months, 31/12/2010)
Net
income : AUD
740,623 (Non-consolidated 12 months, 31/12/2010)
Total
fixed assets : AUD
2,927,143 (Non-consolidated 12 months, 31/12/2010)
Line
of business : Distribution
of scientific equipment.
Staff
employed : 15
employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental records found
Payment
history : No payment
delays noted
Credit
amount asked : Not
described.
Registry Data
Registration
date : 13/06/1985
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 002954243
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian Business Number: 98002954243
Registry
status : Live/Active
Previous
name : NEWPORT
SCIENTIFIC PTY LTD
SONGVIL PTY LTD (initial)
Change
of legal form : None
reported.
Key Management
Name :
Jeffrey
Arthur H Rogers
Designation
: Managing
Director
Appointments
Name :
Jeffrey
Arthur H Rogers
Designation
: Director
Appointment
date : 24/08/10
Address
: 1 Corang Road
Westleigh, NSW 2120
Australia
Biography
: Born on
03-01-1962 in Sydney, New South Wales, Australia.
Name :
Fredrik
Hakan Lambert-Olsson
Designation
: Director
Appointment
date : 15/10/10
Address
: Valhallavägen
22
181 35 Lidingö
Sweden
Biography
: Born on
15-03-1969 in Stockholm, Sweden.
Name :
Choon
Fong Lim
Designation
: Company
Secretary
Appointment
date : 15/12/11
Address
: 27
Adrian Court
Carlingford, NSW 2118
Australia
Biography
: Born on 28-06-1953
in Butterworth, Penang, Malaysia
Staff
employed : 15
employees
Key Advisors
Auditors
: Storey
Blackwood
Level 4, 222 Clarence Street
Sydney, NSW 2000
Australia
Composition
Authorized
Capital : AUD 4
No of shares : 1
Class A Ordinary Share / 1 Class B Ordinary Share / 200 Ordinary Shares
Share
par value : No par
value
Issued
capital : AUD 4
Paid
up capital : AUD 4
How
listed : Full
List
Composition
Shareholder
name : PERTEN INSTRUMENTS
AB
Address
: Instrumentvägen
31
SE-126 53 Hägersten
Sweden
No. of shares : 1 Class A Ordinary Share / 1 Class B
Ordinary Share / 200 Ordinary Shares
% of shares : 100%
Structure
Name :
PERTEN
INSTRUMENTS AB
Affiliation
type : Parent
Company
Address
: Instrumentvägen
31
SE-126 53 Hägersten
Sweden
Comments : Perten
Instruments AB develops and delivers analytical equipment and grain moisture
meters for quality control applications in grain, flour, feed, and food
industries. The company offers its products to grain trading organizations,
grain breeders, and grain processing companies for grain collection and trade,
breeding, oilseed milling, malting, and bio-ethanol production applications; to
flour milling, bake mix production, baking, and pasta companies for flour
milling and bakery pre-mixes applications; for applications in dairy companies,
snack food producers, and meat processors; and for feed milling, petfood, and
aquafeed applications to feed and petfood manufacturers, as well as suppliers
comprising meat and bone meal producers. Perten Instruments offers its products
through its own companies and distributors in Sweden and internationally. The
company was founded in 1962 and is based in Hägersten, Sweden. It has offices
in the United States, China, Germany, and Australia; and sales and service
operations in Rome, Italy.
Name :
PERTEN
INSTRUMENTS GMBH
Affiliation
type : Sister
Company
Address
: Tempowerkring
1c
De-21079 Hamburg
Germany
Name :
PERTEN
INSTRUMENTS ITALIA SRL
Affiliation
type : Sister
Company
Address
: Via
Arturo Reali, 24
00047 Marino (Roma)
Italy
Name :
PERTEN
INSTRUMENTS, INC.
Affiliation
type : Sister
Company
Address
: 6444 S.
6th St.
Springfield, IL 62712
United States
Name :
NEWPORT
SCIENTIFIC PTY LIMITED
Affiliation
type : Sister
Company
Address
: Unit 1,
2 Apollo Street
Warriewood, NSW 2102
Australia
Related
companies and corporate
affiliations
comments
: Other companies of the Perten Group should be considered
affiliates of the
Subject.
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.
Description
Source
of financial statement : Commercial
Registry Filings
Financial
statement date : 31/12/10
Type
of accounts : Full audited
Currency
: Australia
Dollar (AUD)
Exchange
rate : 1
USD = AUD 1.01 as of 17-05-2012
Summarized Financial Information
Consolidation
type : Non Consolidated Non Consolidated
Currency
: Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination
: (x1) One (x1) One
Date
of financial year end : 31/12/10 31/12/09
Length
of accounts : 12 months 12 months
Sale
turnover / Income : 6,173,696 4,628,440
Gross
profit : 3,465,898
2,912,471
Profit
before tax : 928,588
480,006
Net
income : 740,623
279,392
Non
current assets : 202,212
160,001
Current
assets : 2,724,931
2,746,008
Inventories
: 934,758 557,816
Total
assets : 2,927,143
2,906,009
Current
liabilities : 1,487,544
1,635,605
Total
liabilities : 1,487,544
1,635,605
Share
equity : 1,439,599
1,270,404
Retained
earning : 1,439,595 1,270,400
Main activities : The
Subject engages in distribution of scientific equipment used for quality
control for the grain, flour, feed & food industries.
Purchases
International
: Europe, Asia
Sales
Local
: Yes
International
: Oceania, Southeast Asia
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%
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, Credit 30-60 days
Sales Term
Local
: Prepayment,
Bank transfer, Credit 30-60 days
International
: Prepayment,
Telegraphic transfer, Credit 30-60 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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.