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Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ALJO HOLDINGS PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.06.2002 |
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Com. Reg. No.: |
101066899 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of building, hardware, garden,
rural and civil products. |
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No. of Employees : |
20 |
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 |
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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
|
Source
: CIA |
Verified
Address
Subject name : ALJO
HOLDINGS PTY LTD
Other style / Business name : CONFAST
Business address : 52
Somerset Street
Town : Minto
Province : New
South Wales
Zip/postal code : 2566
Country : Australia
Tel : +61
2 96031499
Fax : +61
2 96034396
Email : sales@confast.net.au
Website : www.confast.net.au
Registered address :
Town : Minto
Province :
Zip/postal code : 2566
Country :
Postal address :
Town : Minto
Province :
Zip/postal code : 2566
Country :
Executive
Summary
Date founded or registered : 21/06/2002
Legal form : Australian
Proprietary Company
Chief executive : Alan
Douglas Slater
Issued & paid up capital : AUD 4
Sales
turnover : AUD
10,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line
of business : Import
and distribution of building, hardware, garden, rural and civil products.
Staff employed : 20
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 : 21/06/2002
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 101066899
Registered authority : Australian
Securities & Investments Commission
Fiscal/ Tax no : Australian
Business Number: 35101066899
Registry status : Live/Active
Previous name : ALJO
HOLDINGS PTY (initial)
Change
of legal form : The
Subject changed its legal form from a Unlimited Company to Australian
Proprietary Company on 31-08-2012.
Other
registration : CONFAST
is a business name owned by the Subject registered under business registration
no: K3364406.
Key
Management
Name : Alan
Douglas Slater
Designation
: Managing Director
Appointments
Name : Alan
Douglas Slater
Designation : Director
Appointment date : 21/06/02
Address :
Leumeah,
NSW 2560
Biography : Born
on 07-05-1949 in
Name : Jocelyn
Elaine Slater
Designation : Director
and Company Secretary
Appointment date : 21/06/02
Address :
Leumeah,
NSW 2560
Biography : Born
on 18-01-1949 in
Staff employed : 20
employees
Composition
Authorized Capital : AUD
4
No of shares : 1
Class A Share / 1 Class B Share / 2 Ordinary Shares
Share par value : AUD
1
Issued capital : AUD
4
Paid
up capital : AUD 4
How listed : Full
List
Composition
Shareholder name : Alan
Douglas Slater
Address :
Leumeah,
NSW 2560
No. of shares : 1
Class A Share / 1 Ordinary Share
Shareholder name : Jocelyn
Elaine Slater
Address :
Leumeah,
NSW 2560
No. of
shares : 1 Class B / 1 Ordinary Share
Structure
Related companies and corporate
affiliations comments
: None reported.
Bank
Details
Name of bank : Westpac
Banking Corporation
Address :
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 : 30/06/12
Type of accounts : Estimated
key figures
Currency :
Exchange
rate : 1 USD = AUD 0.96 as of 07-11-2012
Consolidation type : Non
Consolidated
Currency :
Denomination : (x1)
One
Date of financial year end : 30/06/12
Length of accounts : 12
months
Sale turnover / Income : 10,000,000
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main activities : The Subject is engaged in import and
distribution of building, hardware,
garden, rural and civil products.
Product & services : - Various types of hose:
Promotional hose, budget hose, heavy duty
premium hose
- Hose Fittings
- Weedmat
- Wire mesh sheets
- Welded mesh handy rolls
- Gloves
- Spring Steel Shovels / Rakes
-
- Shadecloth
- Shadesails
- Shade Sail Accessories
- Water Storage Crystals & Fertiliser
- Watering Cans
- Plant Tags
- Potting Mixes
- General Purpose Organic Fertilizer
- Liquid Fertilizers
- Hardwood Stakes
- Premium Anti Bird Netting
- Whole Bamboo Stakes
- Sabdrain Drainage Channel & Grates
- Paving Grate
- Root Control Memebrane
- Water Whiz Automatic Watering Systems
- Drip Scape Tube
- Landcare Jute Mat
- Pump Sprayers
-
-
- Watertimers
- Sprinklers
- Hand Sprays Guns
- Power Spray Guns/Watering Wand
Purchases
International :
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises located at the
verified heading address consisting of a warehouse and an administrative
office.
Branches
: None reported.
Gross
Domestic Products (GDP) & Economic Overview
Central bank : Reserve
Bank of
Reserve of foreign exchange & gold : US$ 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),
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%,
5.5%,
Import - major partners :
FDI Inflows : 2008:
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 :
Currency : Australian
dollars (AUD)
Internet users as % of total
population
: 76%
Purchase
Term
International : Prepayment, Telegraphic transfer, Credit
30-90 days
Sales
Term
Local : Prepayment, Bank 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.54.34 |
|
|
1 |
Rs.86.96 |
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Euro |
1 |
Rs.69.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
|
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 |
|
<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.