|
Report Date : |
03.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AFC GROUP PTY. LTD. |
|
|
|
|
Registered Office : |
93-97
Merrindale Drive, Croydon South, Victoria 3136 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
02.04.1992 |
|
|
|
|
Com. Reg. No.: |
055685875 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Engaged in design, manufacturing and integration of fibre optic communication solutions. |
|
|
|
|
No. of Employees : |
90 |
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 : AFC GROUP
PTY. LTD.
Business
address : 93-97
Merrindale Drive
Town :
Croydon
South
Province
: Victoria
Zip/postal
code : 3136
Country
: Australia
Tel : +61 3
97374200
Fax : +61 3
97374299
Email
: contact@afcgroup.com.au
Website
: www.afcgroup.com.au
Registered
address : 93-97 Merrindale
Drive
Town :
Croydon
South
Province
: Victoria
Zip/postal
code : 3136
Country
: Australia
Executive Summary
Date
founded or registered : 02/04/1992
Legal
form : Australian
Proprietary Company
Chief
executive : Anthony
Douglas MacLeod
Issued
& paid up capital : AUD
37,500
Line of business : Design,
manufacture and integration of fibre optic communication solutions.
Staff
employed : 90
employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 02/04/1992
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 055685875
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian Business Number: 32055685875
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Key Management
Name :
Anthony Douglas
MacLeod
Designation
: Managing Director
Name :
David Henderson
Designation
: General Manager
Name :
Glen Johnston
Designation
: Marketing Director
Appointments
Name :
Anthony Douglas
MacLeod
Designation
: Director and Company
Secretary
Appointment
date : 02/04/92
Address
: 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
Biography
: Born on 23-12-1957 in
Melbourne, Victoria, Australia.
Staff
employed : 90 employees
Composition
Authorized
Capital : AUD 37,500
No of
shares : 37,500
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD
37,500
Paid
up capital : AUD
37,500
How
listed : Full List
Composition
Shareholder
name : PROLERT SECURITY
PTY. LTD.
Address
: 141 St
Georges Road
Fitzroy North, VIC 3068
Australia
No. of
shares : 3,750
Ordinary Shares
% of
shares : 10%
Shareholder
name : KESWICK OAKS PTY.
LTD.
Address
: 30
Menzies Road
Kangaroo Ground, VIC 3097
Australia
No. of
shares : 33,750
Ordinary Shares
% of
shares : 90%
Structure
Name :
KESWICK OAKS PTY.
LTD.
Affiliation
type : Parent
Company
Address
: 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
Name :
PROLERT SECURITY
PTY. LTD.
Affiliation
type : Shareholder
Address
: 141 St Georges Road
Fitzroy North, VIC 3068
Australia
Name :
AFC GROUP PTY. LTD.
Affiliation
type : Associate
Address
: Unit 8, 11 Orbit
Drive
Rosedale, North Shore, Auckland 0632
New Zealand
Bank Details
Name
of bank : Westpac
Banking Corporation
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
: Unsatisfied Charges:
ASIC
Charge Number: 439089
Date
Registered: 17-05-1994
Charge
type: Both Fixed &
Floating
Date
Created: 06-05-1994
Chargees
Name: WESTPAC BANKING
CORPORATION
ASIC Charge Number: 741189
Date
Registered: 22-03-2000
Charge
type: Fixed
Date
Created: 15-03-2000
Chargees
Name: CBFC LIMITED
ASIC
Charge Number: 952736
Date
Registered: 19-06-2003
Charge
type: Both Fixed &
Floating
Date
Created: 07-05-2003
Chargees
Name: KESWICK OAKS PTY. LTD.
Legal
Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax
liens : None reported.
Others
: None reported.
Description
Comments
: The representative contacted declined to provide any financial information
until
the
inquiring party details are revealed.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main activities : The
Subject is engaged in design, manufacturing and integration of fibre optic
communication solutions.
Product
& services : Fibre Cable
Fibre Assemblies
Fibre Enclosures & Accessories
MTP Cabling System
Fibre Termination & Splicing
Test, Inspect & Locate
Copper Cabling System
Racks & Ducting
Fibre Passive Devices
Active Equipment
Uninterruptible Power Supply (UPS)
Purchases
International
: Japan, United Kingdom,
Taiwan, China, United States
Sales
Local
: Yes
International
: New Zealand
Property & Assets
Premises : The
Subject operates from premises located at the verified heading address
consisting of an production facilities, warehouse and administrative office.
Branches
: In
addition, the Subject operates from branch offices located at:
Unit 40, 5 Inglewood Place
Baulkham Hills, NSW 2153
Australia
Tel: + 61 2 94214200
1/32 Robinson Avenue
Belmont, WA 6104
Australia
Tel: + 61 8 62532200
Unit 2, 50 Borthwick Avenue
Murarrie, QLD 4172
Australia
Tel: + 61 7 32921400
Level 3, 169 Fullarton Road
Dulwich, SA 5065
Australia
Tel: + 61 8 83304009
Level 5, City West Tower A
7 London Circuit
Canberra, ACT 2600
Australia
Tel: +61 1300232476
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
41.385 billion
Gross
domestic product - GDP : US$
1.235 trillion
GPP
(Purchasing power parity) : 918.529
billion of International dollars
GDP
per capita - current prices : US$
55,590
GDP - composition
by sector : agriculture: 4.1%
industry: 26%
services: 70%
Inflation
: 2008:
4.4%
2009: 1.8%
2010: 2.8%
Unemployment
rate : 2008:
4.2%
2009: 5.6%
2010: 5.2%
Public
debt
(General
Government gross debt as
a %
GDP)
: 2008: 11.6%
2009: 17.6%
2010: 22.3%
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 : China
15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand
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 : 2007:
US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI
Outflows : 2007:
US$16,822 million
2008: US$32,819 million
2009: US$18,426 million
Best
countries for doing business : 10
out of 183 countries
Global
competitiveness ranking : 16
(ranking by country on a basis of 133, 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
: 74.00%
Purchase Term
Local
: Prepayment, Credit 30-60 days
International
: L/C, Credit 30-60 days
Sales Term
Local
: Prepayment, Credit 30-60 days
International
: L/C, 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.52.78 |
|
|
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
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.