MIRA INFORM REPORT
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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
DATAH INTERNATIONAL (AUST) PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.09.2005 |
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Com. Reg. No.: |
116321656 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of food products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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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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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 : DATAH INTERNATIONAL (AUST) PTY LTD
Business address : 31 Inspiration Drive
Town : Wangara
Province : Western Australia
Zip/postal code : 6065
Country : Australia
Tel : N/A
Fax : N/A
Registered address : 63 North Lake Road
Town : Myaree
Province : Western Australia
Zip/postal code : 6154
Country : Australia
Comments : The Subject is not registered
as a phone user locally. We are unable to obtain
contact details for the Subject's directors.
Executive Summary
Date founded or registered : 20/09/2005
Legal form : Australian
Proprietary Company
Chief executive : Harcharan Singh Sandhu
Issued & paid up capital
: AUD 100
Line of business : Import & distribution
of food products. (as reported)
Staff employed : Nil (Subject)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
undetermined
Management experience : Management is inadequately experienced
Financial performance : Financial performance is
undetermined
Organization structure : Organizational structure is
undetermined
Detrimental : Some detrimental found
Payment history : No payment delays noted
Comments : Credit of any
amount can’t be granted as we are unable to determine the
existence
and location of the Subject.
Registry Data
Registration date : 20/09/2005
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
116321656
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
54116321656
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Harcharan Singh Sandhu
Designation : Managing Director
Appointments
Name : Harcharan Singh Sandhu
Designation : Director and Company Secretary
Appointment date : 20/09/05
Address : 33 Robin Avenue
Sorrento,
WA 6020
Australia
Biography : Born on 02-11-1953 in New
Delhi, India.
Name : Tanveer Singh Sohal
Designation : Director
Appointment date : 10/01/08
Address : 14 Glenfern Place
Hillarys,
WA 6025
Australia
Biography : Born on 14-11-1971 in New
Delhi, India.
Staff employed : Nil (Subject)
Composition
Authorized Capital : AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD
100
How listed : Full List
Composition
Shareholder name : SANDHU HOLDINGS PTY LTD
Address : 33 Robin Avenue
Sorrento,
WA 6020
Australia
No. of shares : 50 Ordinary Shares
% of shares : 50%
Shareholder name : SOHAL PTY LTD
Address : 14 Glenfern Place
Hillarys,
WA 6025
Australia
No. of shares : 50 Ordinary Shares
% of shares : 50%
Structure
Name : THE COVE RESTAURANT PTY LTD
Affiliation type : Associate
Address : 568 Canning Highway
Attadale,
WA 6156
Australia
Comments : The Cove Indian Restaurant.
Name : SOHAL INVESTMENTS PTY LTD
Affiliation type : Associate
Address : 371 Scarborough Beach Road
Innaloo,
WA 6018
Australia
Comments : The Punjab Indian Restaurant.
Mortgages : None
reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported
Description
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities : The Subject engages in import &
distribution of food products. (as reported)
Product & services : Staple Food Products: Rice, ginger,
garlic, spices, condiments
Natural Agricultural Products: Nuts, fresh fruit and vegetables,
seeds
Purchases
Local : None reported.
International : Mainly from India
Sales
Local : None reported.
International : None reported.
Property &
Assets
Premises : The Subject's premises can't
be determined.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
Local : None
International : None
Sales Term
Local : None
International : None
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 : 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.86.37 |
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Euro |
1 |
Rs.69.24 |
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.