|
Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
POWER SHIELD PTY LTD |
|
|
|
|
Registered Office : |
Unit
3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
31.03.2004 |
|
|
|
|
Com. Reg. No.: |
108575659 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import
and distribution of uninterruptible power supply (UPS) and power filters
products. |
|
|
|
|
No. of Employees : |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
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 : POWER
SHIELD PTY LTD
Business address : Unit
3, 205 Camboon Road
Town : Malaga
Province : West
Australia
Zip/postal code : 6090
Country : Australia
Tel : +61
8 92093839
Fax : +61
8 92485743
Email : info@powershield.com.au
Website : www.powershield.com.au
Registered address : Unit
3, 205 Camboon Road
Town : Malaga
Province : West
Australia
Zip/postal code : 6090
Country
: Australia
Executive
Summary
Date founded or registered : 31/03/2004
Legal form : Australian
Proprietary Company
Chief executive : Ronny
Moses Treves
Issued & paid up capital : AUD 100
Sales turnover : AUD
4,180,804 (Non-consolidated 12 months, 30/06/2011)
Net income : AUD
579,547 (Non-consolidated 12 months, 30/06/2011)
Total fixed assets : AUD
1,578,895 (Non-consolidated 12 months, 30/06/2011)
Line
of business : OEM
(Original Equipment Manufacturer) distributor of uninterruptible power supplies
(UPS) and power filters products.
Staff employed : 13
employees
Country risk : Country
risk is minimal
Operation trend : Operational
trend is progressing
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 : 31/03/2004
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 108575659
Registered authority : Australian
Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number:
41108575659
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key
Management
Name : Ronny
Moses Treves
Designation : Managing
Director
Name : Malcolm
Levin
Designation
: Alternate Managing
Director
Appointments
Name : Malcolm
Levin
Designation : Director
and Company Secretary
Appointment date : 31/03/04
Address : 21
Park Road
Mount
Lawley, WA 6050
Australia
Biography : Born
on 18-01-1963 in Perth, Western Australia, Australia.
Name : Ronel
Moses Treves
Designation : Director
Appointment date : 31/03/04
Address : 54
Ivory Street
Noranda,
WA 6062
Australia
Biography : Born
on 30-08-1964 in Johannesburg, South Africa.
Staff employed : 13
employees
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 : TREVES
FAMILY INVESTMENTS PTY LTD
Address : 54
Ivory Street
Noranda,
WA 6062
Australia
No. of shares : 50
Ordinary Shares
% of shares : 50%
Shareholder name : MSBP
PTY LTD
Address : 21
Park Road
Mount
Lawley, WA 6050
Australia
No. of shares : 50
Ordinary Shares
% of
shares : 50%
Structure
Related companies and corporate
affiliations comments
: None reported.
Bank
Details
Name of bank : Bank
Of Western Australia Ltd
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 : ASIC
Charge Number: 1101481
Date Registered: 11-11-2004
Charge type: Fixed
Date Created: 02-11-2004
Chargees Name: BANK
OF WESTERN AUSTRALIA LTD
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 : 30/06/11
Type of accounts : Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.96 as of 14-11-2012
Summarized
Financial Information
Consolidation type : Non
Consolidated Non
Consolidated
Currency : Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination : (x1)
One (x1)
One
Date of financial year end : 30/06/11 30/06/10
Length of accounts : 12
months 12
months
Sale turnover / Income : 4,180,804
3,163,387
Profit before tax : 827,926
478,714
Net income : 579,547
337,477
Total assets : 1,578,895
1,239,934
Total liabilities : 311,418
415,205
Share equity : 1,267,477
824,729
Comments : The audited financial information was provided by
Mr. Ronny Moses Treves.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main activities : The Subject is engaged in import and
distribution of uninterruptible power
supply (UPS) and power filters products.
The Subject's products are marketed under the brand name
PowerShield.
Product & services : - Power Shield UPSs 500 to 320,000
VA
- Power filters, surge diverters and power conditioners
- Commissioning services
- Repairs and Maintenance services
- Power audits services
Brand : PowerShield
Purchases
International : China, Taiwan, Israel
Sales
Local : Yes
International : Papua New Guinea, Fiji, SIngapore
Property
& Assets
Premises : The Subject operates from premises located at the
verified heading
address consisting of an administrative office and
warehouse.
Branches : None reported.
Gross
Domestic Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product - GDP : US$ 1.586 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$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 : Telegraphic
transfer, Credit 60 days
Sales
Term
Local : Credit
30-60 days
International : 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.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
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 |
|
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.