MIRA INFORM REPORT
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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
B.A.T. ENGINEERING AUSTRALIA PTY LIMITED |
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Formerly Known As : |
BRIGHT AIR TRADING PTY LTD |
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Registered Office : |
c/O gbs Partners, 13 The Crescent, |
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Country : |
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Date of Incorporation : |
26.07.1977 |
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Com. Reg. No.: |
001498228 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing, importing,
and distributing industrial, hydraulic hose, valves and fittings |
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No. of Employees : |
25 employees |
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 |
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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Verified Address
Subject name : B.A.T. ENGINEERING
AUSTRALIA PTY LIMITED
Other style / Business name :
BAT INDUSTRIAL PRODUCTS
Business address : 37 Fouth Avenue
Town : Blacktown
Province : New South Wales
Zip/postal code : 2148
Country : Australia
Tel : +61 2 96724455
Fax : +61 2 96724499
Email : sales@batind.com.au
Website : www.batind.com.au
Registered address : C/o GBS PARTNERS
13 The Crescent
Town : Penrith
Province : New South Wales
Zip/postal code : 2750
Country : Australia
Executive Summary
Date founded or registered : 26/07/1977
Legal form : Australian
Proprietary Company
Chief executive : Barry Norman Hudson
Issued & paid up capital
: AUD 8
Sales turnover : AUD
13,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Manufacturing, importing,
and distributing industrial, hydraulic hose, valves and
fittings.
Staff employed : 25 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 26/07/1977
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
001498228
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
82001498228
Registry status : Live/Active
Previous name : The Subject was previously operating
under the name BRIGHT AIR TRADING
PTY LTD and changed to the current style on 24/10/1997.
Change of legal form : None reported.
Other registration : BAT INDUSTRIAL PRODUCTS is a business
name owned by the Subject
registered on 12/04/2005 under the business registration no: NSW
BN98132748.
Key Management
Name : Barry Norman Hudson
Designation : Managing Director
Name : Scott Anthony Hudson
Designation : Director
Name : Troy Andrew Hudson
Designation : Director
Appointments
Name : Barry Norman Hudson
Designation : Director
Appointment date : 26/07/77
Address : 42 Stingaree Point Drive
Dora
Creek, NSW 2264
Australia
Biography : Born on 14-05-1947 in
Concord, New South Wales, Australia.
Name : Scott Anthony Hudson
Designation : Director and Company Secretary
Appointment date : 30/09/94
Address : 16 Patriot Place
Rouse
Hill, NSW 2155
Australia
Biography : Born on 19-10-1969 in Auburn,
New South Wales, Australia.
Name : Troy Andrew Hudson
Designation : Director
Appointment date : 06/06/01
Address : 13 Dennisson Close
Rouse
Hill, NSW 2155
Australia
Biography : Born on 29-12-1972 in
Blacktown, New South Wales, Australia.
Staff employed : 25 employees
Composition
Authorized Capital : AUD 8
No of shares : 6 Dividend - V Shares / 2 Ordinary
Shares
Share par value : AUD 1
Issued capital : AUD 8
Paid up capital : AUD
8
How listed : Full List
Composition
Shareholder name : Barry Norman Hudson
Address : 42 Stingaree Point Drive
Dora
Creek, NSW 2264
Australia
No. of shares : 2 Dividend - V Shares / 2 Ordinary
Shares
Shareholder name : Margaret Denise Hudson
Address : 42 Stingaree Point Drive
Dora
Creek, NSW 2264
Australia
No. of shares : 2 Dividend - V Shares
Shareholder name : Troy Andrew Hudson
Address : 13 Dennisson Close
Rouse
Hill, NSW 2155
Australia
No. of shares : 1 Dividend - V Share
Shareholder name : Scott Anthony Hudson
Address : 16 Patriot Place
Rouse Hill, NSW 2155
Australia
No. of shares : 1 Dividend - V Share
Structure
Related companies and
corporate affiliations comments :
None reported.
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 :
Satisfied Charge Details:
ASIC Charge Number: 290610
Date Registered: 22-05-1991
Charge type: Both Fixed &
Floating
Date Created: 14-05-1991
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 795196
Date Registered: 11-04-2001
Charge type: Both Fixed &
Floating
Date Created: 27-03-2001
Chargees Name: HUDSON, BARRY
NORMAN & HUDSON, MARGARET
Registered Charge Details:
ASIC Charge Number: 916769
Date Registered: 16-01-2003
Charge type: Both Fixed &
Floating
Date Created: 18-12-2002
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1891906
Date Registered: 07-12-2009
Charge type: Fixed
Date Created: 07-08-2009
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1950187
Date Registered: 29-03-2010
Charge type: Fixed
Date Created: 18-03-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1952021
Date Registered: 31-03-2010
Charge type: Fixed
Date Created: 25-03-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1954154
Date Registered: 07-04-2010
Charge type: Fixed
Date Created: 25-03-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1973001
Date Registered: 12-05-2010
Charge type: Fixed
Date Created: 20-04-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 2019406
Date Registered: 21-07-2010
Charge type: Fixed
Date Created: 28-06-2010
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
: External Sources
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
01-11-2012
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 : 13,000,000
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities : The Subject is engaged in
manufacturing, importing and distribution of
industrial, hydraulic hose, valves and fittings.
Product & services :
· Industrial Valves
· Hose Couplings
· Clamps
· Industrial Hose
· Ducting
· Pipe Fittings & Flanges
· Pneumatic Products
· Stainless Steel Flexible Hoses
· Flexible Bellows & Vibration Eliminators
· Gauges
· Hose Reels
· Nozzles
· Lubrication Products
Purchases
International : China, Italy, New Zealand, Indonesia
Sales
Local : Yes
International : Fiji, New Caledonia
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of
production
facilities, warehouse and an administrative office.
Branches : In addition, the Subject
operates from branch office located at:
Unit 4,
5-7 Macaulay Street
Williamstown
Nth, VIC 3016
Australia
Tel: +61 3
93974948
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 2009: US$46,843 million
2009: US$25,716 million
2010: US$32,472 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, Telegraphic
transfer, Credit 30-60 days
Sales Term
Local : Credit 30 days,
Prepayment, Bank transfer
International : Credit 30 days, Prepayment,
Telegraphic transfer
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.53.66 |
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UK Pound |
1 |
Rs.69.24 |
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Euro |
1 |
Rs.86.37 |
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.