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Report Date : |
01.11.2012 |
IDENTIFICATION DETAILS
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Name : |
PUREBABY PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.09.2004 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Sales and distribution of organic clothing wear for babies
and children under the label/brand Purebaby. |
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No. of Employees : |
25 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
AUSTRALIA - ECONOMIC OVERVIEW
Australia's abundant and diverse natural resources
attract high levels of foreign investment and include extensive reserves of coal,
iron ore, copper, gold, natural gas, uranium, and renewable energy sources. A
series of major investments, such as the US$40 billion Gorgon Liquid Natural
Gas project, will significantly expand the resources sector. Australia also has
a large services sector and is a significant exporter of natural resources,
energy, and food. Key tenets of Australia''s trade policy include support for
open trade and the successful culmination of the Doha Round of multilateral
trade negotiations, particularly for agriculture and services. The Australian
economy grew for 17 consecutive years before the global financial crisis.
Subsequently, the former RUDD government introduced a fiscal stimulus package
worth over US$50 billion to offset the effect of the slowing world economy,
while the Reserve Bank of Australia cut interest rates to historic lows. These
policies - and continued demand for commodities, especially from China - helped
the Australian economy rebound after just one quarter of negative growth. The
economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7%
in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%,
peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an
improved economy, the budget deficit is expected to peak below 4.2% of GDP and
the government could return to budget surpluses as early as 2015. Australia was
one of the first advanced economies to raise interest rates, with seven rate
hikes between October 2009 and November 2010. The GILLARD government is focused
on raising Australia''s economic productivity to ensure the sustainability of
growth, and continues to manage the symbiotic, but sometimes tense, economic
relationship with China. Australia is engaged in the Trans-Pacific Partnership
talks and ongoing free trade agreement negotiations with China, Japan, and
Korea
|
Source
: CIA |
Verified
Address
Subject name : PUREBABY
PTY. LTD.
Business address : 135
Cromwell Street
Town : Collingwood
Province : Victoria
Zip/postal code : 3066
Country : Australia
Tel : +61
3 94175344
Fax : +61
3 94175244
Email : online@purebaby.com.au
Website : www.purebaby.com.au
Registered address : 135
Cromwell Street
Town : Collingwood
Province : Victoria
Zip/postal code : 3066
Country
: Australia
Executive
Summary
Date founded or registered : 29/09/2004
Legal form : Australian
Proprietary Company
Chief executive : Sanjay
Gill
Issued & paid up capital : AUD 12
Sales turnover : AUD 10,000,000 (Estimated
Non-consolidated 12 months, 30/06/2012)
Line
of business : Sales
and distribution of organic clothing wear for babies and children under the
label/brand Purebaby.
Staff employed : 25
employees
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 found
Payment history : No
payment delays noted
Registry
Data
Registration date : 29/09/2004
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 111171950
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 32111171950
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key
Management
Name : Sanjay
Gill
Designation : Chief
Executive Officer
Name : Mirabai
Winford
Designation : Creative
Director
Name : Symone
Demetriou
Designation
: Marketing Manager
Appointments
Name : Mirabai
Winford
Designation : Director
and Company Secretary
Appointment date : 29/09/04
Address : 118
Rochester Road
Balwyn,
VIC 3103
Australia
Biography : Born
on 21-11-1979 in Melbourne, Victoria, Australia.
Name : Sanjay
Gill
Designation : Director
and Company Secretary
Appointment date : 29/09/04
Address : 118
Rochester Road
Balwyn,
VIC 3103
Australia
Biography : Born
on 28-01-1973 in India.
Staff employed : 25
employees
Composition
Authorized Capital : AUD
12
No of shares : 12
Ordinary Shares
Share par value : AUD
1
Issued capital : AUD
12
Paid up
capital : AUD 12
How listed : Full
List
Composition
Shareholder name : PUREBABY
HOLDINGS PTY LTD
Address : 135
Cromwell Street
Collingwood,
VIC 3066
Australia
No. of shares : 12
Ordinary Shares
% of
shares : 100%
Structure
Name : PUREBABY
HOLDINGS PTY LTD
Affiliation type : Parent
Company
Address : 135
Cromwell Street
Collingwood,
VIC 3066
Australia
Name : PUREBABY
(CHADSTONE) PTY LTD
Affiliation type : Sister
Company
Address : Shop
B126, Lower Level
Chadstone
Shopping Centre
1341
Dandenong Road
Chadstone,
VIC 3148
Australia
Comments : Purebaby
retail store.
Bank
Details
Name of bank : National
Australia Bank Limited
Address : Australia
Account details : Current
Account
Name of bank : Australia
And New Zealand Banking Group 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 : Unsatisfied
Charges:
ASIC Charge Number: 1096159
Date Registered: 26-10-2004
Charge type: Both
Fixed & Floating
Date Created: 04-10-2004
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1244882
Date Registered: 01-12-2005
Charge type: Fixed
Date Created: 10-11-2005
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy fillings : None
reported.
Court judgements : None
reported.
Tax liens : None
reported.
Others
: None reported.
Description
Source of financial statement : Provided by the Subject
Financial statement date : 30/06/12
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.96 as of 25-10-2012
Summarized Financial Information
Consolidation type : Non
Consolidated
Currency : Australia
Dollar (AUD)
Denomination : (x1)
One
Date of financial year end : 30/06/12
Length of accounts : 12
months
Sale turnover / Income : 10,000,000
Comments : The estimated turnover was provided by Mr. Sanjay
Gill.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The Subject is engaged in the sales and distribution of organic
clothing wear for babies and children under the label/brand Purebaby.
Product & services : Babies clothing
Children clothing
Accessories
Brand : Purebaby
Purchases
International : India
Sales
Local : Yes
International : New Zealand, USA, Canada, United Kingdom,
Denmark, Middle East and
Hong Kong
Property
& Assets
Premises : The Subject operates from premises located at the
verified heading
address consisting of an administrative office and
warehouse.
Branches : In addition, the Subject operates from a factory
outlet located at:
1 – 7 Sturt Street
Collingwood, VIC 3066
Australia
Gross
Domestic Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product - GDP : US$ 1.586 trillion
GPP (Purchasing power parity) : 954.296 billion of International dollars
GDP per capita - current prices : US$ 68,916
GDP - composition by sector : agriculture: 4%
industry:
25.6%
services:
70.4%
Inflation : 2009:
1.8%
2010:
2.8%
2011:
3.4%
Unemployment rate : 2009:
5.6%
2010:
5.2%
2011:
5.1%
Public debt
(General Government gross debt as
a % GDP)
:
2009: 16.9%
2010:
20.4%
2011:
22.9%
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 : Commonwealth
Bank (Banking), BHP Billiton (Materials), Westpac Banking
Group (Banking), Rio Tinto (Materials), National Australia
Bank (Banking),
ANZ Banking (Banking), Telstra (Telecommunications)
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$46,843 million
2009:
US$16,160 million
2010:
US$26,431 million
FDI Outflows : 2008:
US$33,604 million
2009:
US$16,160 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%
Purchase
Term
International : Prepayment, Credit 30-60 days
Sales
Term
Local : Credit card, Cash, Bank transfer, Credit 30-60 days
International : Prepayment, 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.54.12 |
|
|
1 |
Rs.87.07 |
|
Euro |
1 |
Rs.70.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.