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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
BUILT HOLDINGS PTY LIMITED |
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Registered Office : |
Level 1, 140 Myrtle Street Chippendale New South Wales 2008 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
03.05.2004 |
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Com. Reg. No.: |
108928409 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Provides construction and real estate project management services. |
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No. of Employees : |
306 employees (Subject) |
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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 – 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.
Source
: CIA
Verified Address
Subject name : BUILT HOLDINGS PTY LIMITED
Business address :
Level 1, 140 Myrtle Street
Town : Chippendale
Province : New South Wales
Zip/postal code : 2008
Country : Australia
Tel : +61 2 83324111
Fax : +61 2 83324199
Email : receptionsw@builts.com.au
Website : www.built.com.au
Registered address
: Level 1, 140 Myrtle Street
Town : Chippendale
Province : New South Wales
Zip/postal code : 2008
Country : Australia
Executive Summary
Date founded or
registered : 03/05/2004
Legal form : Australian
Proprietary Company
Chief executive : Brett John Mason
Issued & paid
up capital : AUD 2,810,336
Sales turnover : AUD
405,391,504 (Consolidated 12 months, 30/06/2011)
Net income : AUD 5,095,338
(Consolidated 12 months, 30/06/2011)
Total fixed assets
: AUD 120,775,719
(Consolidated 12 months, 30/06/2011)
Line of business :
Provides
construction and real estate project management services.
Staff employed : 306 employees (Subject)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management
experience : Management is
reasonably experienced
Financial performance
: Financial performance is
good
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 03/05/2004
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 108928409
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 47108928409
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Marco Rossi
Designation : Executive Chairman
Name : Brett John Mason
Designation : Managing Director
Name : Graham Neil Oswin
Designation : Director
Appointments
Name : Brett John Mason
Designation : Director
Appointment date :
03/05/04
Address : 15 Knox Street
Clovelly, NSW 2031
Australia
Biography : Born on 16-04-1972 in
Brisbane, Queensland, Australia.
Name : Marco Rossi
Designation : Director and Company Secretary
Appointment date :
03/05/04
Address : 21 Thompson Street
Tamarama, NSW 2026
Australia
Biography : Born on 14-10-1972 in Sydney,
New South Wales, Australia.
Name : Graham Neil Oswin
Designation : Director
Appointment date :
03/02/11
Address : 101 Arundel Road
Park Orchards, VIC 3114
Australia
Biography : Born on 26-12-1961 in London,
United Kingdom.
Name : Robert John Tracy
Designation : Company Secretary
Appointment date :
01/06/07
Address : 273 Annandale Street
Annandale, NSW 2038
Australia
Biography : Born on 22-05-1961 in
Leongatha, Victoria, Australia.
Staff employed : 306 employees (Subject)
Key Advisors
Auditors : BDO
Level 19, 2 Market Street
Sydney, NSW 2000
Australia
Composition
Authorized Capital
: AUD 2,810,336
No of shares : 917,129 Ordinary Shares
Share par value : No par value
Issued capital : AUD 2,810,336
Paid up capital : AUD 2,810,336
How listed : Full
List
Composition
Shareholder name :
DIONYSIUS PTY. LIMITED.
Address : Level 1, 140 Myrtle Street
Chippendale, NSW 2008
Australia
No. of shares : 827,341 Ordinary Shares
Shareholder name :
ASHMALI HOLDINGS PTY LIMITED
Address : Level 1, 140 Myrtle Street
Chippendale, NSW 2008
Australia
No. of shares : 89,788 Ordinary Shares
Structure
Name : DIONYSIUS PTY. LIMITED.
Affiliation type :
Parent Company
Address : Level 1, 140 Myrtle Street
Chippendale, NSW 2008
Australia
Name : ASHMALI HOLDINGS PTY
LIMITED
Affiliation type :
Shareholder
Address : Level 1, 140 Myrtle Street
Chippendale, NSW 2008
Australia
Name : BUILT NSW PTY LIMITED
Affiliation type :
Wholly-owned Subsidiary
Address : Level 1, 140 Myrtle Street
Chippendale, NSW 2008
Australia
Name : BUILT VIC PTY LIMITED
Affiliation type :
Wholly-owned Subsidiary
Address : Level 1, 163 Clarendon
Street
South Melbourne, VIC 3205
Australia
Name : BUILT QLD PTY LIMITED
Affiliation type :
Wholly-owned Subsidiary
Address : Level 1, 76 Commercial Road
Newstead, QLD 4006
Australia
Bank Details
Name of bank : National Australia Bank
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 : None reported.
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 : 30/06/11
Type of accounts :
Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate : 1 USD = AUD
0.98 as of 06-09-2012
Summarized Financial Information
Consolidation type
: Consolidated
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 : 405,391,504 330,148,920
Profit before tax
: 7,331,111
5,324,430
Net income : 5,095,338
3,589,179
Non current assets
: 8,005,853
8,612,733
Current assets : 112,769,866 103,038,699
Total assets : 120,775,719
111,651,432
Current
liabilities :
93,719,031 88,287,568
Non current
liabilities : 487,593
390,107
Total liabilities
: 94,206,624
88,677,675
Share equity : 26,569,095
22,973,757
Retained earning :
23,758,759
20,163,421
Comments : The
consolidated financial information above relates to the Subject and its
subsidiaries.
Main activities :
The Subject provides construction and real estate project management services.
Product &
services : Construction services
Consultancy services
Real estate
project management
Purchases
International :
None reported.
Sales
Local : Yes
International : No
exports.
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of an administrative office.
Branches : In addition, the Subject operates from
branches located at:
Level 1, 59 Wentworth Ave
Kingston, ACT 2604
Australia
Tel: +61 2 6232 6193
Suite 2, Ground Floor
184 Adelaide Terrace
Perth, WA 6000
Australia
Tel: +61 8 9218 9920
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 : 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 : 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%
Sales Term
Local :
Prepayment, Bank transfer, Credit on project basis
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
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Indian Rupees |
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US Dollar |
1 |
Rs.55.97 |
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1 |
Rs.89.02 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
-- |
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.