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Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
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Name : |
LAKO PACIFIC PTY LTD |
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Formerly Known As : |
E KOURAMBAS PTY. LTD. |
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Registered Office : |
12 Studley Street, Abbotsford Victoria
3067 |
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Country : |
Australia |
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Date of Incorporation : |
13.04.2005 |
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Com. Reg. No.: |
113790248 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of innovative digital technologies and digital
video solutions. |
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No. of Employees : |
5 employees |
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 : |
Slow |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
The Australian economy has experienced continuous growth and
features low unemployment, contained inflation, very low public debt, and a
strong and stable financial system. By 2012, Australia had experienced more
than 20 years of continued economic growth, averaging 3.5% a year. Demand for
resources and energy from Asia and especially China has grown rapidly, creating
a channel for resources investments and growth in commodity exports. The high
Australian dollar has hurt the manufacturing sector, while the services sector
is the largest part of the Australian economy, accounting for about 70% of GDP
and 75% of jobs. Australia was comparatively unaffected by the global financial
crisis as the banking system has remained strong and inflation is under control.
Australia has benefited from a dramatic surge in its terms of trade in recent
years, stemming from rising global commodity prices. Australia is a significant
exporter of natural resources, energy, and food. Australia's abundant and
diverse natural resources attract high levels of foreign investment and include
extensive reserves of coal, iron, 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 is an open market with minimal restrictions on
imports of goods and services. The process of opening up has increased
productivity, stimulated growth, and made the economy more flexible and
dynamic. Australia plays an active role in the World Trade Organization, APEC,
the G20, and other trade forums. Australia has bilateral free trade agreements
(FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has
a regional FTA with ASEAN and New Zealand, is negotiating agreements with
China, India, Indonesia, Japan, and the Republic of Korea, as well as with its
Pacific neighbors and the Gulf Cooperation Council countries, and is also
working on the Trans-Pacific Partnership Agreement with Brunei Darussalam,
Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and
Vietnam.
|
Source
: CIA |
Verified Address
Subject name : LAKO
PACIFIC PTY LTD
Other style / Business name : LAKO
PACIFIC / KAISER BASS
Business address : 12
Studley Street
Town : Abbotsford
Province : Victoria
Zip/postal code : 3067
Country : Australia
Tel : +61
3 81021240
Website : www.kaiserbaas.com
Registered address : 12
Studley Street
Town : Abbotsford
Province : Victoria
Zip/postal code :
3067
Country : Australia
Comment : The
Subject moved from the provided address 92 McEwan Road, Heidelberg
Heights, VIC 3081,
Australia to the verified address above since October 2012.
The representative contacted Mr. Michael Sun
advised the declined in employees and turnover is due to the Subject moving
part of its operations to Hong Kong under a different entity. The Subject will
be still operational however in a smaller scale.
Executive Summary
Date founded or registered : 13/04/2005
Legal form : Australian
Proprietary Company
Chief executive : Evan
Kourambas
Issued & paid up capital : AUD
1
Sales turnover : AUD
1,000,000 (Estimated Non-Consolidated 12 months, 30/06/2013)
Line of business : Import
and distribution of innovative digital technologies and digital video
solutions.
Staff employed : 5
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is declining
Management experience : Management
is modestly experienced
Financial performance : Financial
performance is deteriorating
Organization structure : Organizational
structure is acceptable
Detrimental : No detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 13/04/2005
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 113790248
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 55606759651
Registry status : Live/Active
Previous name : The
Subject was established on 13-04-2005 under the name E KOURAMBAS PTY. LTD. and
changed its name to the current style on 16-08-2005.
Change of legal form : None
reported.
Other registration
: LAKO
PACIFIC is a business name owned by the Subject registered on 31/07/2003 under
business registration no: B1704148E.
Key Management
Name : Evan
Kourambas
Designation : Managing
Director
Name : Michael
Sun
Designation : Accountant
Appointments
Name : Evan
Kourambas
Designation : Director
and Company Secretary
Appointment date : 13/04/05
Address : 4
Rochester Street
Kew, VIC 3101
Australia
Biography : Born
on 06-03-1960 in Kalamata, Greece.
Staff employed : 5
employees
Composition
Authorized Capital : AUD 1
No of shares : 1
Ordinary Share
Share par value : AUD 1
Issued capital : AUD 1
Paid up capital : AUD 1
How listed :
Full List
Composition
Shareholder name : LAKO
HOLDINGS PTY LTD
Address : 12
Studley Street
Abbotsford, VIC 3067
Australia
No. of shares : 1
Ordinary Share
% of shares : 100%
Structure
Name : LAKO HOLDINGS
PTY LTD
Affiliation type : Parent
Company
Address : 12 Studley
Street
Abbotsford, VIC 3067
Australia
Name : KAISER BAAS
HOLDINGS PTY LTD
Affiliation type : Associate
Address : 12 Studley
Street
Abbotsford, VIC 3067
Australia
Name : LAKO PACIFIC
FINANCE PTY. LTD.
Affiliation type : Associate
Address : 12 Studley
Street
Abbotsford, VIC
3067
Australia
Name : KAISER BAAS PTY
LTD
Affiliation type : Associate
Address : 12 Studley
Street
Abbotsford, VIC 3067
Australia
Name : KAISER BAAS
INTERNATIONAL LIMITED
Affiliation type : Associate
Address : Unit 2205,
22/F., China Merchants Building
303-307 Des Voeux Road
Central
Hong Kong
Bank Details
Name of bank : Australia
and New Zealand Banking Group Limited
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 : Provided
by the Subject
Financial statement date : 30/06/13
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 1.11 as of 05-08-2013
Summarized
Financial Information
Consolidation type : Non
Consolidated Non Consolidated Non Consolidated
Currency :
Australia Dollar (AUD) Australia Dollar
(AUD) Australia Dollar (AUD)
Denomination : (x1)
One (x1) One (x1) One
Date of financial year end : 30/06/13
30/06/12 30/06/11
Length of accounts : 12
months 12 months 12 months
Sale turnover / Income : 1,000,000
5,000,000 8,000,000
Comments : The estimated
turnover was provided by Mr. Michael Sun. The representative contacted Mr.
Michael Sun advised the declined in employees and turnover is due to the
Subject moving part of its operations to Hong Kong under a different entity.
The Subject will be still operational
however in a smaller scale.
The Subject is classified as a small
proprietary company by the AustralianSecurities & 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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject's main
activities are distribution of innovative digital technologies and digital
video solutions products.
Product & services : Cameras
Road Recorder
Car Camera
Sports Camera
Digital Microscope
Digital Converters
Photo Maker
Photo Maker Pro
Photo Maker Touch
Photo Scanner
Mini Photo Scanner
Music Maker
DVD Maker
TV & Radio Sticks
Netbook TV Stick
TV Stick
TV Stick Dual
TV Stick Hybrid
Network TV Tuner
Digital Radio Stick
Digital Radio TV Stick
Wireless Devices
Bluetooth Keyboard
WiFi Media Player
WiFi Music Streamer
Wireless Presenter
Audio
Travel Speakers
Digital Photo Frames
Digital Photo Keyrings
Gaming
Game Recorder
Media Players
Personal Media Player
Bluetooth
BT-130 Keyboard
BT-220 Keyboard
BT-280 Keyboard
Brand : KAISER
BAAS
Purchases
International : China,
Taiwan, Hong Kong
Sales
Local : Yes
International : Very
seldom to New Zealand
Key events : Press
Release
February 28, 2011 Melbourne, Australia - Corsair
Solutions and Lako Pacific announce that Corsair Solutions has acquired the
Lako Pro business unit from Lako Pacific Pty Ltd, effective from 1 March 2011.
Corsair Solutions, established in 2009 and
based in Melbourne, Australia is an importer and distributor of professional
video products from Grass Valley, Atomos, Logickeyboards, Dulce Systems, XLNT
Idea, Qsan and builds custom duplicator systems under the Corsair Duplicators
brand.
Property &
Assets
Premises : The Subject
operates from premises at the verified heading address consisting of a
warehouse and administrative office.
Branches : None
reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 46.714 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 : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate : 2010:
5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross debt as
a % GDP): 2010:
20.4%
2011: 22.9%
2012: 24%
Government bond ratings : Standard
& Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded
shares: US$1.198
trillion
Largest companies in the country : Qantas
Airways (Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal
Services),Crown Ltd (Casinos & Gaming), Amcor (Containers &
Packaging),Suncorp-Metway (Diversified Insurance), BHP Billiton (Diversified
Metals & Mining),Newcrest Mining (Diversified Metals & Mining), Orica
(Diversified Metals & Mining), Iluka Resources(Diversified Metals &
Mining), Origin Energy (Electric Utilities), AGL Energy (Electric Utilities),
Wesfarmers (Food Retail), Woolworths
(Food Retail), Metcash (Food Retail),
Macquarie Group (Investment services), AMP (Investment services), Challenger
Ltd (Investment services), Fortescue Metals Group (Iron & Steel), Bluescope
Steel (Iron & Steel), Commonwealth Bank (Major Banks), Westpac Banking
Group (Major Banks), National Australia Bank (Major Banks), ANZ (Major Banks),
Woodside Petroleum (Oil & Gas Operations), Santos (Oil & Gas
Operations), Caltex Australia (Oil & Gas Operations), WorleyParsons (Oil
Services & Equipment), Toll Holdings (Other Transportation), Transurban
Group (Other Transportation), QBE Insurance Group (Property & Casualty
Insurance), Insurance Australia Group (Property & Casualty Insurance), QR
National (Railroads), Westfield Group (Real Estate), Stockland Australia (Real
Estate), Westfield Retail Trust (Real Estate), Lend Lease (Real Estate), CFS
Retail Property Trust (Real Estate), Goodman Group (Real Estate), Bendigo &
Adelaide Bank (Regional Banks), Bank of Queensland (Regional Banks), Incitec
Pivot (Specialized Chemicals), Telstra (Telecommunications Services)
Trade &
Competitiveness Overview
Total exports : US$263.9
billion
Exports
commodities : Coal,
iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Total imports : US$239.7
billion
Imports commodities : Machinery
and transport equipment, computers and office machines,
telecommunication equipment and parts; crude
oil and petroleum products
Export - major partners : China
27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Import - major partners : China
18.5%, US 11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009:
US$26,554 million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows : 2009:
US$16,693 million
2010: US$12,791 million
2011: US$19,999 million
Best countries for doing business : 10
out of 185 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 22.68
million
Total area : 7,692,024
km2
Capital : Canberra
Currency : Australian
dollars (AUD)
Internet users as % of total
population: 79%
Purchase Term
International : Prepayment,
Credit 30 days
Sales Term
Local : Prepayment,
Cash, Credit 45 days
International : Prepayment,
Credit 45 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.61.53 |
|
|
1 |
Rs.94.37 |
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Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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.