MIRA INFORM REPORT
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Report Date : |
15.09.2012 |
IDENTIFICATION DETAILS
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Name : |
BRAEMAC PTY LTD |
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Formerly Known As : |
N C BRAEMAC PTY LTD |
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Registered Office : |
Unit 1, |
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Country : |
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Date of Incorporation : |
04.04.1984 |
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Com. Reg. No.: |
002743884 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Electronic component
distributor. |
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No. of Employees : |
115 employees |
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.
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Source : CIA |
Verified Address
Subject name : BRAEMAC PTY LTD
Business address : Unit 1, 59-61 Burrows Road
Town : Alexandria
Province : New South Wales
Zip/postal code : 2015
Country : Australia
Tel : +61 2 95506600
Fax : +61 2 95506377
Email : info@braemac.com.au
Website : www.braemac.com.au
Registered address : Unit 1, 59-61 Burrows Road
Town : Alexandria
Province : New South Wales
Zip/postal code : 2015
Country : Australia
Executive Summary
Date founded or registered : 04/04/1984
Legal form : Australian
Proprietary Company
Chief executive : Daniel Nemeny
Issued & paid up capital
: AUD 4
Sales turnover : AUD 160,000,000 (Estimated
non-consolidated 12 months, 30/06/2011)
Line of business : Electronic component
distributor.
Staff employed : 115 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 stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 04/04/1984
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
002743884
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number:
71332650026
Registry status : Live/Active
Previous name : N C BRAEMAC PTY LTD
FELSHAND PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : Daniel Nemeny
Designation : Managing Director
Name : Dino Calvisi
Designation : Director
Appointments
Name : Daniel Nemeny
Designation : Director and Company Secretary
Appointment date : 18/04/84
Address : 9 Queens Avenue
Vaucluse,
NSW 2030
Australia
Biography : Born on 02-12-1952 in Kfar
Saba, Israel.
Name : Dino Calvisi
Designation : Director
Appointment date : 18/04/84
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
Biography : Born on 07-01-1954 in Sydney,
New South Wales, Australia.
Staff employed : 115
employees
Composition
Authorized Capital : AUD 4
No of shares : 1 Class A Share / 1 Class B Share
/ 1 Class E Shares / 1 Class F Shares
Share par value : AUD 1
Issued capital : AUD 4
Paid up capital : AUD
4
How listed : Full List
Composition
Shareholder name : Daniel Nemeny
Address : 9 Queens Avenue
Vaucluse,
NSW 2030
Australia
No. of shares : 1 Class A Share
Shareholder name : Dino Calvisi
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
No. of shares : 1 Class B Share
Shareholder name : Pamela Nemeny
Address : 9 Queens Avenue
Vaucluse,
NSW 2030
Australia
No. of shares : 1 Class E Share
Shareholder name : Patricia Linda Calvisi
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
No. of shares : 1 Class F Share
Structure
Name : BRAEMAC (AUSTRALIA) PTY LIMITED
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC PID PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC (S.A.) PTY. LIMITED
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC ENERGY (SA) PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC ELECTRONIC SERVICES PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC SCHEDULING SOLUTIONS PTY LIMITED
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC LIMITED
Affiliation type : Associate
Address : Room 1301, 13/F, Nanyang Plaza
57 Hung To
Road, Kwun Tong
Kowloon
Hong Kong
Name : BRAEMAC N.Z. PTY LIMITED
Affiliation type : Associate
Address : Unit 1A, 31 Apollo Drive MairangiBay
Auckland
New
Zealand
Name : BRAEMAC LIMITED
Affiliation type : Associate
Address : 1 Mandarin Court, Centre Park
Warrington,
Cheshire WA1 1GG
United
Kingdom
Name : BRAEMAC PTE. LTD.
Affiliation type : Associate
Address : 31 Kaki Bukit Road 3
#06-25
Techlink
Singapore
417818
Singapore
Bank Details
Name of bank : Commonwealth Bank Of Australia
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 :
Satisfied Charges:
ASIC Charge Number: 46812
Date Registered: 28-07-1988
Charge type: Both Fixed &
Floating
Date Created: 27-06-1988
Chargees Name: COMMONWEALTH
BANK OF AUSTRALIA
Unsatisfied Charges:
ASIC Charge Number: 343695
Date Registered: 05-06-1992
Charge type: Both Fixed &
Floating
Date Created: 22-04-1992
Chargees Name: COMMONWEALTH
BANK OF AUSTRALIA
ASIC Charge Number: 492467
Date Registered: 08-06-1995
Charge type: Both Fixed &
Floating
Date Created: 12-05-1995
Chargees Name: RAMSAY
HOLDINGS PTY LTD
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 : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.95 as of
13-09-2012
Summarized
Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar
(AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 160,000,000
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
The Subject meets all criteria to disclose their financial
information however is still exempted by the Authority.
Main activities : The Subject is engaged in
distribution of electronic component.
The
Subject is said to be Australia’s largest electronic component
distributor
with offices throughout Australia, New Zealand, USA, Singapore,
Hong Kong
and the UK.
Product & services :
Products:
· Display & Optics: LED's / Displays & Smart Panels
· Passives: Capacitors & Resistives
· Electro Mechanical: Relays, Printers, Speakers, Magnetic Transducers,
· Switches, Power Supply's, Inductors & Frequency Control
· Semiconductors: Processors, I/O Controllers, Memory and RF Components
Connectors & Cables
Speciality: Modems -
Wireless/Landline, Serial to Ethernet/Bluetooth
Modules and GPS - Modules and
Accessories
Services:
Programming Service
Engineering Support
In-house Connector and Cable
Assembly
Brand : Altera, Intel,
Hitachi, STMicroelectronics, Cirrus Logic, and Wavecom
Purchases
International : Hong Kong, China, United States, United
Kingdom, Singapore, Malaysia,
Thailand,
Taiwan, Japan, India
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of warehouse and administrative office.
Branches : In addition, the Subject operates
from branch offices located at:
18 Regent
Street
Melrose
Park, SA 5039
Australia
Tel: +61 8
82750100
Unit 10B,
191 Hedley Avenue
Hendra,
QLD 4011
Australia
Tel: +61 7
36300882
1/15
Howleys Road
Notting
Hill, VIC 3168
Australia
Tel: +61 3
95400100
Suite 2C,
5 Mumford Place
Balcatta,
WA 6021
Australia
Tel: +61 8
92405166
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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%
Purchase Term
International : L/C, Prepayment, Credit 30-90
days
Sales Term
Local : Cash against document,
Prepayment, Prepayment, Credit 30-60 days
International : L/C, Prepayment, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.73 |
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UK Pound |
1 |
Rs.88.61 |
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Euro |
1 |
Rs.71.34 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.