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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
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Name : |
SHARCAVE PTY. LIMITED |
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Registered Office : |
229 Pacific Highway, Hornsby, New South
Wales, Zip/postal code 2077 |
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Country : |
Australia |
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Date of Incorporation : |
19.11.1997 |
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Com. Reg. No.: |
080797495 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing, installation & distribution of synthetic sports fields and athletic tracks |
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No. of Employees : |
32 |
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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Maximum Credit Limit: |
USD 240,000 |
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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 – 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.
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Source : CIA |
Verified Address
Subject name : SHARCAVE PTY. LIMITED
Other style / Business name : TEAM
SPORTS / T.E.A.M. SPORTS SURFACES / TEAM TURF / T.E.A.M.
SPORTS & LEISURE
Business address : Units 1 & 2, 165 Prospect Highway
Town : Seven Hills
Province : New South Wales
Zip/postal code : 2147
Country : Australia
Tel : +61 2 98384429
Fax : +61 2 98384668
Email : info@teamsports.com.au
Website : www.teamsports.com.au
Registered address : 229 Pacific Highway
Town : Hornsby
Province : New South Wales
Zip/postal code : 2077
Country : Australia
Postal address : P.O. Box 445
Town : Seven Hills
Province : New South Wales
Zip/postal code : 2147
Country : Australia
Executive Summary
Date founded or registered : 19/11/1997
Legal form : Australian Proprietary Company
Chief executive : John Gordon Curtis
Issued & paid up capital : AUD 1
Line of business : Manufacturing, installation & distribution of synthetic sports fields and athletic
tracks.
Staff employed : 32 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 undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 240,000
Credit amount asked : Not described.
Registry Data
Registration date : 19/11/1997
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
080797495
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
32080797495
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Other registration : TEAM SPORTS is a business name
owned by the Subject registered on
23/04/2009
under business registration no: BN98424624.
T.E.A.M.
SPORTS SURFACES is a business name owned by the Subject
registered
on 28/11/1997 under business registration no: U4449233.
TEAM
TURF is a business name owned by the Subject registered on 06/08/2008
under
business registration no: BN98377620.
T.E.A.M.
SPORTS & LEISURE is a business name owned by the Subject
registered
on 16/05/2007 under business registration no: BN98290551.
Key Management
Name : John Gordon Curtis
Designation : Managing Director
Name : Belinda Crane
Designation : General Manager
Appointments
Name : John Gordon Curtis
Designation : Director and Company Secretary
Appointment date : 02/12/97
Address : 50-52 Bower Street
Manly, NSW 2095
Australia
Biography : Born on 28-11-1955 in Manly, New South Wales, Australia.
Staff employed : 32 employees
Composition
Authorized Capital : AUD 1
No of shares : 1 Ordinary Share
Share par value : AUD 1
ssued capital : AUD 1
Paid up capital : AUD 1
How listed : Full List
Composition
Shareholder name : John Gordon Curtis
Address : 50-52 Bower Street
Manly, NSW 2095
Australia
No. of shares : 1 Ordinary Share
% of shares : 100%
Structure
Name : T.E.A.M SPORTS SURFACES LIMITED
Affiliation type : Associate
Address : 75 Ellice Road
Glenfield, Auckland 0745
New Zealand
Bank Details
Name of bank : National Australia Bank 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
Comments : The representative contacted declined 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages in manufacturing, installation & distribution of
synthetic sports fields and athletics tracks.
Purchases
Local : Yes
International : Mainly from India, United States, United Kingdom
Sales
Local : Yes
International : China, New Zealand, Hong Kong
Property &
Assets
Premises : The Subject operates from premises at the verified heading address
consisting of a production facility, warehouse and an administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of
Australia
Reserve of foreign exchange &
gold : US$ 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 &
aming), 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
Local : Bank
transfer, Credit 30-90 days
International : Prepayment,
Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, Credit 30-90 days
International : Prepayment,
Telegraphic transfer, 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.65.42 |
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UK Pound |
1 |
Rs.102.09 |
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Euro |
1 |
Rs.87.32 |
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.