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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
BERJAK
NOMINEES (VIC.) PTY. LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
14.05.1981 |
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Com. Reg. No.: |
005829863 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Trading of minerals, ferrous and non ferrous metal, scrap
metal, mineral sands. |
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No. of Employees : |
10 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 : BERJAK
NOMINEES (VIC.) PTY. LIMITED
Other
style / Business name : BERJAK &
PARTNERS
Business
address : 240 Bay
Street
Town :
Brighton
Province
: Victoria
Zip/postal
code : 3186
Country
: Australia
Tel : +61 3
95966999
Fax : +61 3
95968024
Email
:
trading@berjak.com.au
Website
: www.berjak.com.au
Registered
address : 240 Bay Street
Town :
Brighton
Province
: Victoria
Zip/postal
code : 3186
Country
: Australia
Executive Summary
Date founded
or registered : 14/05/1981
Legal
form : Australian
Proprietary Company
Chief
executive : Jacques
Rich
Issued
& paid up capital : AUD
2
Sales turnover : AUD
5,500,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Trading
of minerals, ferrous and non ferrous metal, scrap metal, mineral sands.
Staff
employed : 10
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
Registry Data
Registration
date : 14/05/1981
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 005829863
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian Business Number: 61373856797
Registry
status : Live/Active
Previous name : ONE
HUNDRED AND SEVENTH KAPP NOMINEES PTY. LIMITED (initial)
Change
of legal form : None
reported.
Other registration : BERJAK
& PARTNERS is a business name owned by the Subject registered on 17/02/1967
under business registration no: 0233043G.
Key Management
Name :
Jacques Rich
Designation
: Managing Director
Name :
Mario Messina
Designation
: Trading Manager for
Ferrous/Non Ferrous/Mineral Sands
Name :
Robert Bellocchi
Designation
: Export Manager
Appointments
Name :
Susan Janet Rich
Designation
: Director
Appointment
date : 14/05/81
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
Biography
: Born on 18-08-1941 in
Adelaide, South Australia, Australia.
Name :
Jacques Rich
Designation
: Director and Company
Secretary
Appointment
date : 14/05/81
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
Biography
: Born on 05-03-1928 in
Vienna, Austria.
Name :
Adam Joshua Rich
Designation
: Director
Appointment
date : 30/07/91
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
Biography
: Born on 01-11-1971 in
Melbourne, Victoria, Australia.
Name :
Simon Charles
Rich
Designation
: Director and Company
Secretary
Appointment
date : 30/07/91
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
Biography
: Born on 20-04-1970 in
Melbourne, Victoria, Australia.
Name :
Jeremy Benjamin Rich
Designation
: Director and Company
Secretary
Appointment
date : 31/01/03
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
Biography
: Born on 15-03-1974 in
Melbourne, Victoria, Australia.
Staff
employed : 10 employees
Key Advisors
Auditors
: STEVENSON, WAYNE
STEVENSON PARTNERS
Leve1 1, 844 Nepean Highway
Moorabbin, VIC 3189
Australia
Composition
Authorized
Capital : AUD 2
No of
shares : 2
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 2
Paid up
capital : AUD 2
How
listed : Full List
Composition
Shareholder
name : Jacques Rich
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
No. of
shares : 1 Ordinary Share
% of
shares : 50%
Shareholder
name : Susan Janet Rich
Address
: 10 Watts Parade
Mount Eliza, VIC 3930
Australia
No. of
shares : 1 Ordinary Share
% of
shares : 50%
Structure
Name :
BERJAK NOMINEES
PTY. LIMITED
Affiliation
type : Associate
Address
: 240 Bay Street
Brighton, VIC 3186
Australia
Name :
BERJAK METALS
PTY. LTD.
Affiliation
type : Associate
Address
: 240 Bay Street
Brighton, VIC 3186
Australia
Name :
BERJAK NOMINEES
(N.T.) PTY. LIMITED
Affiliation
type : Associate
Address
: 240 Bay Street
Brighton, VIC 3186
Australia
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 1.01 as of 28-05-2012
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 : 5,500,000
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main
activities : The Subject engages in trading of minerals, ferrous and non
ferrous metal,
scrap
metal, mineral sands.
Product
& services : - Minerals
-
Ferrous metal: Steel, Tungsten, Nickel
- Non Ferrous:
Zinc, Lead, Copper/Alloys, Aluminium, Tin
-
Mineral Sands
-
Scrap metal
Purchases
International
: Oceania, South-East Asia, South Africa
Sales
Local
: Yes
International
: Oceania, Asia, Middle East, Europe and South Africa
Property & Assets
Premises
: The Subject operates from premises located at the verified heading
address
consisting of administrative office.
Branches
: None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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%
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%
PAYMENT HISTORY
Purchase Term
International
: L/C, D/P, Telegraphic
transfer, Credit 30-90 days
Sales Term
Local
: Prepayment,
D/P, Bank transfer, Credit 30-90 days
International
: L/C, D/P, Telegraphic
transfer, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
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 |
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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 |
|
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 |
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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 |
|
<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.