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Report Date : |
20.04.2013 |
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Tel No.: |
61 3 97024444 |
IDENTIFICATION DETAILS
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Name : |
C.C. COMPONENTS PTY. LTD. |
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Registered Office : |
20 Colrado Court Hallam Victoria 3803 |
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Country : |
Australia |
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Date of Incorporation : |
14.02.1984 |
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Com. Reg. No.: |
14/02/1984 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Supplier and manufacturer that specializes in the design, supply, installation & servicing of a comprehensive range of engineered conveyor products & services. |
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No. of Employees : |
50 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
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 : C.C.
COMPONENTS PTY. LTD.
Business address : 20
Colrado Court
Town : Hallam
Province : Victoria
Zip/postal code : 3803
Country : Australia
Tel : +61
3 97024444
Fax : +61
3 97024114
Email : willdon@cccomponents.com.au
Website : www.cccomponents.com.au
Registered address : 20
Colrado Court
Town : Hallam
Province : Victoria
Zip/postal code : 3803
Country : Australia
Executive Summary
Date founded or registered :
14/02/1984
Legal form : Australian
Proprietary Company
Chief executive : Christopher
Kenneth Don
Issued & paid up capital : AUD
12
Sales turnover : AUD
12,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Supplier
and manufacturer that specializes in the design, supply, installation &
servicing of a
comprehensive range of engineered conveyor products & services.
Staff employed : 50
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 records found
Payment history : No
payment delays noted
Credit amount asked : Not
described.
Registry Data
Registration date : 14/02/1984
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 006239167
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 98376820722
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Christopher
Kenneth Don
Designation : Managing
Director
Appointments
Name : Christopher
Kenneth Don
Designation : Director
Appointment date : 31/12/93
Address : 75
Alma Street
Malvern East, VIC 3148
Australia
Biography : Born
on 04-03-1952 in Melbourne, Victoria, Australia.
Name : David
John DeMamiel
Designation : Director
Appointment date : 20/02/84
Address : 70
Hillcrest Drive
Langwarrin, VIC 3910
Australia
Biography : Born
on 26-05-1956 in Melbourne, Victoria, Australia.
Name : Timothy
McKenzie Don
Designation : Director
and Company Secretary
Appointment date : 31/12/93
Address : 29A
Thanet Street
Malvern, VIC 3144
Australia
Biography : Born
on 30-01-1954 in Melbourne, Victoria, Australia.
Name : Bruce
Richard Andrew
Designation : Company
Secretary
Appointment date : 31/03/11
Address : 15
Minifie Avenue
Anglesea, VIC 3230
Australia
Biography : Born
on 12-03-1954 in Melbourne, Victoria, Australia.
Staff employed : 50
employees
Composition
Authorized Capital : AUD 12
No of shares : 12
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
12
Paid up capital : AUD
12
How listed : Full
List
Composition
Shareholder name : David
John DeMamiel
Address : 70
Hillcrest Drive
Langwarrin, VIC 3910
Australia
No. of shares : 3
Ordinary Shares
% of shares : 25%
Shareholder name : Christopher
Kenneth Don
Address : 75
Alma Street
Malvern East, VIC 3148
Australia
No. of shares : 3
Ordinary Shares
% of shares : 25%
Shareholder name : John
David Henderson
Address : Unit
1, 133 Charman Road
Beaumaris, VIC 3193
Australia
No. of shares : 3
Ordinary Shares
% of shares : 25%
Shareholder name : Timothy
McKenzie Don
Address : 29A
Thanet Street
Malvern, VIC 3144
Australia
No. of shares : 3
Ordinary Shares
% of shares : 25%
Structure
Related companies and corporate affiliations comments: None reported.
Bank Details
Name of bank : St
George 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 : External
Sources
Financial statement date : 30/06/12
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.97 as of 17-04-2013
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 : 12,000,000
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages as
a supplier and manufacturer that specializes in the design, supply,
installation & servicing of a comprehensive range of engineered conveyor
products & services.
The Subject's customers are mainly from
material handling industries such as mining, quarrying, power generation,
mechanical & civil engineering, waste management & recycling, belt
conveyor manufacturers and agricultural harvesting & bulk handling.
Product & services :
Products:
Conveyor Belt Fasteners
Conveyor Pulleys
Conveyor Systems
Conveyor Trough Idlers, Rollers & Frames
Elevator Buckets & Fasteners
Engineered & Industrial Plastics
products
Industrial Rubber Products
Plastic Modular Conveyor Belt
Power Transmission Belts
PVC and PU Conveyor Belting
Rubber Conveyor Belt
Special Purpose Belts
Services:
Emergency & planned responses
Consultation & design
Engineering & installation
Inspections, audits & maintenance
Purchases
International : Mainly
from Asia, Europe, United States
Sales
Local : Yes
International : New
Zealand, Pacific Islands
Property &
Assets
Premises : The Subject
operates from premises at the verified heading address consisting of a
production facility, warehouse and administrative office.
Branches : In
addition, the Subject operates from following branches located at:
32 North View Drive
Sunshine West, VIC 3020
Australia
Phone: +61 3 93126933
52-54 Burchill Street
Loganholme, QLD 4129
page 11 / 15
Australia
Phone: +61 7 38061577
263 Etiwanda Avenue
Mildura, VIC 3500
Australia
Phone: +61 3 50233483
1/11 McIntosh Drive
Mayfield, NSW 2304
Australia
Phone: +61 2 49671578
2/30 Jambali Road
Port Macquarie, NSW 2444
Australia
Phone: +61 2 65812250
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : 2008:
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
International : Prepayment,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.