MIRA INFORM REPORT
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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
DYNAWELD INDUSTRIAL SUPPLIES PTY LIMITED |
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Formerly Known as: |
SILVAWOOD PTY. LIMITED |
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Registered Office : |
Level 7, 9
George Street, Parramatta, New South Wales, Zip/postal code 2150 |
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Country : |
Australia |
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Date of Incorporation : |
28.11.1996 |
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Com. Reg. No.: |
076580704 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import &
wholesale distribution of welding products and accessories |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 :
DYNAWELD
INDUSTRIAL SUPPLIES PTY LIMITED
Other style /
Business name : BOSS WELDING
Business
address : 123 Fairford
Road
Town : Padstow
Province : New South Wales
Zip/postal
code : 2211
Country : Australia
Tel : +61 2
97721144
Fax : +61 2
97741685
Email : scott.strachan@dynaweld.com.au
Website : www.dynaweld.com.au
Registered
address : Level 7, 9
George Street
Town : Parramatta
Province : New South Wales
Zip/postal
code : 2150
Country : Australia
Postal address
: P.O. Box 470
Town Padstow
Province : New South Wales
Zip/postal
code : 2211
Country : Australia
Executive Summary
Date founded
or registered : 28/11/1996
Legal form : Australian
Proprietary Company
Chief
executive : Janelle
Mary Bulmer
Issued &
paid up capital : AUD 20,002
Sales turnover
: AUD 6,000,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line of
business : Import
& wholesale distribution of welding products and accessories.
Staff employed
: 30 employees
Company Analysis
Country risk :
Country risk
is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
reasonably experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 28/11/1996
Legal form : Australian
Proprietary Company
Registration
no Australia
Company Number: 076580704
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australia
Business Number: 64076580704
Registry
status : Live/Active
Previous name
: SILVAWOOD PTY.
LIMITED (initial)
Change of
legal form : None reported.
Other
registration : BOSS
WELDING is a business name owned by the Subject registered on
19/12/2001 under business registration no: BN97861152.
Key Management
Name : Janelle Mary Bulmer
Designation : Managing Director
Appointments
Name : Janelle Mary Bulmer
Designation : Director
Appointment
date : 01/08/02
Address : 23 Yarran Road
Oatley, NSW 2223
Australia
Biography : Born
on 18-03-1974 in Sydney, New South Wales, Australia.
Name : Andrew John Bosco
Designation : Director
Appointment
date : 01/08/02
Address : 34 Newman Street
Mortdale, NSW 2223
Australia
Biography : Born on 26-02-1976 in Sydney,
New South Wales, Australia.
Name : John Bosco
Designation : Director and Company Secretary
Appointment
date : 28/11/96
Address : 23 Yarran Road
Oatley, NSW 2223
Australia
Biography : Born on 31-01-1945 in Cairo,
Egypt.
Staff employed
: 30 employees
Composition
Authorized
Capital : AUD 20,002
No of shares :
20,002 Ordinary Shares
Share par
value : AUD 1
Issued capital
: AUD 20,002
Paid up capital : AUD
20,002
How listed : Full List
Composition
Shareholder
name : JANELLE BULMER PTY LTD
Address : 23 Yarran Road
Oatley, NSW 2223
Australia
No. of shares
: 10,001 Ordinary Shares
% of shares : 50%
Shareholder
name : ANDREW BOSCO PTY LTD
Address : 34 Newman Street
Mortdale, NSW 2223
Australia
No. of shares
: 10,001 Ordinary Shares
% of shares : 50%
Structure
Related
companies and corporate affiliations comments None
reported.
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 : None reported.
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 : 30/06/12
Type of
accounts : Estimated
key figures
Currency : Australia Dollar
(AUD)
Exchange rate
: 1 USD = AUD 0.96
as of 04-04-2013
Summarized
Financial Information
Consolidation
type : Non Consolidated
Currency : Australia Dollar
(AUD)
Denomination :
(x1) One
Date of
financial year end : 30/06/12
Length of
accounts 12 months
Sale turnover
/ Income : 6,000,000
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
Main activities : The Subject engages in import & wholesale distribution of welding products and
accessories.
Product & services :
Electrodes:
General
Purpose Electrodes
Hydrogen
Controlled Electrodes
Stainless
Steel Electrodes
Hardfacing
Electrodes
Gouging
Carbons
Low Alloy
Electrodes
MIG Wires:
Mild Steel MIG
Wire
Low Alloy MIG
Wire
Gasless MIG
Wire
Copper Alloy
MIG Wire
Stainless
Steel MIG Wire
Aluminium MIG
Wire
Flux Cored MIG
Wire
Hardfacing
Solid MIG Wire
TIG & GAS
Rods:
Mild Steel TIG
Welding Rods
Copper &
Copper Alloy Welding Rods
Stainless
Steel TIG Welding Rods
Aluminium
Alloy TIG Welding Rods
Silver Brazing
Alloys
Solder &
Zinc Alloys
Low Alloy TIG
Rods
Gas Gear
products:
Gas Kits
Gas Regulators
Gas Torches
& Equipment
Flashback
Arrestors
Cutting
Nozzles
Welding &
Brazing Tips
Gas Hoses
& Fittings
Gas Trolleys
& Accessories
Flame Cutting
Machines
Manual Arc
products:
Welding Cable
Welding Lead
Sets
Electrode
Holders & Earth Clamps
Arc Air
Gouging Torches
Chipping
Hammers & Brushes
Electrode
Drying Ovens
Welding
Machines:
Stick Welding
Machines
Tig Welding
Machines
page 10 / 14
Tig Welding
Machine Options
Mig Welding
Machines
Mig Welding
Machine Options
Mig Drive
Rollers
Welding
Machine Accessories
Disposable Gas
Bottles
Plasma Cutting
Machines
Spot Welding
Equipment
Welding Safety
products:
Electronic
Welding Helmets
Standard Flip
Up Helmets
Eye Protection
Respiratory
Protection
Hearing
Protection
Welders
Apparel & Clothing
Hand
Protection
Welding
Curtains & Blankets
Torches:
Flux Cored
Torches
Plasma Torches
Spool Guns
Purchases
International
: Mainly from Asia, Europe
Sales
Local : Yes
International
: New Zealand
Property &
Assets
Premises : The Subject operates from premises at the
verified heading address
consisting of a warehouse and administrative office.
Branches : In addition, the Subject operates from a
branch located at:
Unit 4/70 Discovery Drive
Bibra Lake, WA 6163
Australia
Tel: +61 8 94942550
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, Telegraphic
transfer, D/P, Credit 30-90 days
Sales Term
Local : Prepayment, Bank
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 |
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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.