MIRA INFORM REPORT
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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
ALL RUBBER PTY LTD |
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Formerly Known as: |
D'ANGELO
TRANSPORT PTY LTD |
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Registered Office : |
29 Dowd
Street, Welshpool, Western Australia, Zip/postal code 6106 |
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Country : |
Australia |
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Date of Incorporation : |
16.06.1971 |
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Com. Reg. No.: |
008748016 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Design, manufacturing, export and distribution of rubber
products and equipment |
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No. of Employees : |
80 |
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 (31.03.2012) |
Current Rating (30.06.2012) |
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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 :
ALL RUBBER PTY
LTD
Other style /
Business name : ALL RUBBER
Business
address : 29 Dowd
Street
Town : Welshpool
Province : Western
Australia
Zip/postal
code : 6106
Country : Australia
Tel : +61 8 94580300
Fax : +61 8
93585792
Email : allrubber@allrubber.com.au
Website : www.allrubber.com.au
Registered
address : 29 Dowd Street
Town : Welshpool
Province : Western
Australia
Zip/postal
code : 6106
Country : Australia
Executive Summary
Date founded
or registered : 16/06/1971
Legal form : Australian
Proprietary Company
Chief
executive : Stephen
David D'Angelo
Issued &
paid up capital : AUD 1,793,156
Line of
business : Design,
manufacturing, export and distribution of rubber products and
equipments.
Staff employed
: 80 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 undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 16/06/1971
Legal form : Australian
Proprietary Company
Registration
no Australia
Company Number: 008748016
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australia
Business Number: 57008748016
Registry
status : Live/Active
Previous name
: D'ANGELO
TRANSPORT PTY LTD (initial)
Change of
legal form : None reported.
Other
registration : ALL
RUBBER is a business name owned by the Subject registered on
02/02/1984 under business registration no: 8332789T.
Key Management
Name : Stephen David D'Angelo
Designation : Managing Director
Appointments
Name : Stephen David D'Angelo
Designation : Director and Company Secretary
Appointment
date : 01/05/95
Address : 36 Bruce Street
Nedlands, WA 6009
Australia
Biography : Born on 21-04-1963 in
Geraldton, Western Australia, Australia.
Staff employed
: 80 employees
Composition
Authorized
Capital : AUD 1,793,156
No of shares :
1,391,581 Ordinary Shares /
10 Class Z Shares
Share par
value : No par value
Issued capital
: AUD 1,793,156
Paid up capital : AUD
1,793,156
How listed : Full List
Composition
Shareholder
name : KEYSANDS PTY LTD
Address : 13 Nardina Crescent
Dalkeith, WA 6009
Australia
No. of shares
: 61,249 Ordinary Shares
Shareholder
name : Jointly held by Agostino
Armanasco & Assunta Armanasco
Address : Agostino Armanasco &
Assunta Armanasco
10 Kempton Street
Bluff Point, WA 6530
Australia
No. of shares
: 2,449 Ordinary Shares
Shareholder
name : Maria D'Angelo
Address : 11 Nardina Crescent
Dalkeith, WA 6009
Australia
No. of shares
: 685,224 Ordinary Shares
Shareholder
name : SALUFREY PTY LIMITED
Address : 36 Bruce Street
Nedlands, WA 6009
Australia
No. of shares
: 340,704 Ordinary Shares
Shareholder
name : Jointly held by Antonio Enzo
Nigrone & Sheryl Elizabeth Nigrone
Address : Antonio Enzo Nigrone &
Sheryl Elizabeth Nigrone
18 Australis Circle
Wannanup, WA 6210
Australia
No. of shares
: 8,426 Ordinary Shares
Shareholder
name : Jointly held by Glenn Gary
Tomkinson & Tracy Catherine Tomkinson
Address : Glenn Gary Tomkinson &
Tracy Catherine Tomkinson
5 Pine Court
Forrestfield, WA 6058
Australia
No. of shares
: 97,255 Ordinary Shares / 10
Class Z Shares
Shareholder
name : Alan James May
Address : Unit 29, 241 Horizon Drive
Westlake, QLD 4074
Australia
No. of shares
: 31,380 Ordinary Shares
Shareholder
name : Mark William O'Brien
Address : 16 Syntax Street
Sadliers Crossing, QLD 4305
Australia
No. of shares
: 31,380 Ordinary Shares
Shareholder
name : Aaron Leonard Seipel
Address : 34 Wakley Street
Acacia Ridge, QLD 4110
Australia
No. of shares
: 13,947 Ordinary Shares
Shareholder
name : Terrence William Green
Address : 59 Harold Reinhardt Drive
Redbank Plains, QLD 4301
Australia
No. of shares
: 31,380 Ordinary Shares
Comments : Shareholder name: SH CLARK PTY
LTD
Address: 10A Anthony Street, South
Perth, WA 6151, Australia
No. of shares: 88,187 Ordinary Shares
Structure
Name : WESBELT PTY LTD
Affiliation
type : Wholly-owned
Subsidiary
Address : 11 Kitson Place
Maddington, WA 6109
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
Comments : The representative contacted
decline 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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year
Main
activities : The
Subject engages in design, manufacturing, export and distribution of
rubber products and equipments.
Product & services :
Mudguards
& Fenders
Mudflaps
Catcher Mats
Pickup &
Tray Mats
Belt Repair
Materials
PVC and
Polyurethane Adhesives
Priming Agents
Rubber
Adhesives
Lagging
Materials
Lining
Materials
Conveyor
Beltings
Moulded
Products
Screen Mats
Conveyor
Components
Rubber Mats
& Rubber Flooring products
Protective
Mats
Strip Borders
Feeding
Troughs
Balers &
Harvesters
Vulcanising
Presses
Slicing
Machines
Slitting
Machines
Punching
Presses
Purchases
International
: Mainly from Malaysia, Indonesia,
India, China, Taiwan
Sales
Local : Yes
International
: U.K., U.S.A, South Africa, South
Korea, New Zealand, Singapore, Philippines, Indonesia, India,
Chile and Canada
Property &
Assets
Premises : The Subject operates from premises located
at the verified heading address consisting of a
production facility, warehouse and administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 2009: 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
: Prepayment, L/C,
Telegraphic transfer, D/P, Credit 30-90 days
Sales Term
Local : Prepayment, Bank
transfer, D/P, Credit 30-90 days
International
: Prepayment, L/C,
Telegraphic transfer, D/P, Credit 30-90 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 |
|
US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.70.90 |
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.