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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ALTECH COMPUTERS CORPORATION PTY LTD |
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Registered Office : |
Unit 1, Building C, |
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Country : |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
01.02.2001 |
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Reg. No.: |
095774262 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Distribution of Information Technology (IT) products and consumables. |
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No. of Employees : |
218 |
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 |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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Source : CIA |
Verified Address
Subject name :
ALTECH COMPUTERS CORPORATION PTY LTD
Business address : Unit 1,
Building C
Town :
Homebush
Province :
Zip/postal code : 2140
Country :
Tel :
+61 2 86228000
Fax :
+61 2 86228088
Website : www.altech.com.au
Registered address : C/o
COOPER REEVES PTY LTD
Level
1,
Town :
Province :
Zip/postal code : 4107
Country :
Executive Summary
Date founded or registered :
01/02/2001
Legal form :
Australian Proprietary Company
Chief executive :
Issued & paid up capital :
AUD 102
Sales turnover :
AUD 186,291,253 (Non-consolidated 12 months, 30/06/2012)
Net income :
AUD 226,629 (Non-consolidated 12 months, 30/06/2012)
Total fixed assets :
AUD 38,983,815 (Non-consolidated 12 months, 30/06/2012)
Line of business :
Distribution of Information Technology (IT) products and consumables.
Staff employed :
218 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 consistent
Detrimental : No detrimental records found
Payment history :
No payment deays noted
Registry Data
Registration date :
01/02/2001
Legal form :
Australian Proprietary Company
Registration no Australian Company Number : 095774262
Registered authority :
Australian Securities & Investments Commission
Fiscal/ Tax no :
Australian Business Number: 13095774262
Registry status :
Live/Active
Previous name :
None reported.
Change of legal form :
None reported.
Key Management
Name :
Designation : Managing
Director
Appointments
Name :
Andrei Lessovoi
Designation :
Director
Appointment date :
01/02/01
Address :
Unit 80,
Kangaroo Point, QLD 4169
Biography :
Born on 09-04-1960 in
Name :
Designation :
Director and Company Secretary
Appointment date :
01/02/01
Address :
Unit 329, 1 The Promenade
Chiswick, NSW 2046
Biography :
Born on 16-07-1963 in
Staff employed : 218
employees
Key Advisors
Auditors :
ERNST & YOUNG
Sydney, NSW 2000
Composition
Authorized Capital : AUD
102
No of shares : 102
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
102
Paid up capital : AUD
102
How listed :
Full List
Composition
Shareholder name : Andrei
Lessovoi
Address :
Unit 80,
Kangaroo Point,
QLD 4169
No. of shares : 51
Ordinary Shares
% of shares : 50%
Shareholder name :
Address :
Unit 329, 1 The Promenade
Chiswick, NSW 2046
No. of shares : 51
Ordinary Shares
% of shares : 50%
Structure
Name : ALTECH COMPUTERS
(
Affiliation type : Associate
Address : Room G, 7/F,
Block 1
Kwai Tak
Industrial Centre
Kwai Chung
Name : ALTECH
COMPUTERS CORPORATION (NZ) PTY LTD
Affiliation type : Associate
Address : Unit 3,
Name : ALTECH
COMPUTERS (WA) PTY LTD
Affiliation type : Associate
Address : Unit 2,
Name : ALTECH
COMPUTERS PTY LTD
Affiliation type : Associate
Address : Unit 1,
Building C
Homebush, NSW 2140
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 : Unsatisfied
Charges:
ASIC Charge Number: 1326818
Date Registered: 17-07-2006
Charge type: Both Fixed & Floating
Date Created: 26-06-2006
Chargees Name: WESTPAC BANKING CORPORATION
Legal Fillings
Bankruptcy fillings : None
reported.
Court judgements : None
reported.
Tax liens : None
reported.
Others :
None reported.
Description
Source of financial statement :
Commercial Registry Filings
Financial statement date :
30/06/12
Type of accounts :
Full audited
Currency :
Exchange rate :
1 USD = AUD 0.96 as of 26-11-2012
Summarized
Financial Information
Consolidation type : Non Consolidated Non Consolidated
Currency :
Denomination : (x1) One (x1) One
Date of financial year end : 30/06/12 30/06/11
Length of accounts : 12 months 12 months
Gross profit : 21,220,426 17,087,180
Profit before tax : 309,685 383,225
Net income : 226,629 484,595
Non current assets : 5,338,230 5,204,522
Current assets : 33,645,585 29,288,148
Inventories : 17,406,481 16,663,245
Total assets : 38,983,815 34,492,670
Current liabilities : 30,336,536 25,699,113
Non current liabilities : 1,227,409 1,600,316
Total liabilities : 31,563,945 27,299,429
Share equity : 7,419,870 7,193,241
Retained earning : 7,419,768 7,193,139
Main activities :
The Subject is engaged in distribution of Information Technology (IT) products
and
consumables.
In addition the Subject owns 3 brands:
Maestro (home theatre line), NRG (Gaming Machines) and ICU (surveillance and
security solution) catering for the entertainment, gaming, and security
markets.
The Subject boasts an extensive product
range consisting of over 3000 products, from 60 quality vendors, which is
distributed to the retail market via a wide ranging network of resellers. The
Subject has also been appointed the Microsoft OEM Distributor - one of only 3
in
Product & services :
Computer and computer peripherals
Home theatre system
Digital Cameras
Computer software
Printers
Brand :
Microsoft
Maestro, NRG and ICU (The Subject's own brands)
Intel
AMD
Lexmark
Logitech
NVIDIA
Samsung
Sony
KYOCERA
GENIUS
Purchases
International :
Mainly
Sales
Local :
Yes
International :
Property & Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of a warehouse and
administrative office.
Branches : In
addition, the Subject operates from branch offices located:
Unit 1,
Darra, QLD 4076
Tel: +61 7 33386000
Clayton, VIC 3168
Tel: +61 3 85887777
Unit 4,
Mile End, SA, 5031
Tel: +61 8 82579999
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 tradedshares :
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%,
5.5%,
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 :
Currency :
Australian dollars (AUD)
Internet users as % of total
Population :
76%
Purchase Term
Local :
Prepayment, Credit up to 90 days
International :
L/C, Prepayment, Credit up to 90 days
Sales Term
Local :
Prepayment, Credit up to 90 days
International :
L/C, Prepayment, Credit up to 90 days
Trade Reference/
Payment
Behavior
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.55.20 |
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1 |
Rs.88.37 |
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Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.