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Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
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Name : |
TOP SHOE INTERNATIONAL PTY LTD |
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Registered Office : |
C/O Charter Group Pty. Limited, Level 2, 39 East
Esplanade, Manly, |
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Country : |
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Date of Incorporation : |
08.09.2004 |
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Com. Reg. No.: |
110867831 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
importer and distributor
of handbag, belt & shoes for mens, womens & kids |
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No. of Employees : |
07 |
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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 : TOP SHOE INTERNATIONAL
PTY LTD
Other style / Business name : SHOE EMPIRE
Business address : Unit 19, 98 Old Pittwater
Road
Town : Brookvale
Province : New South Wales
Zip/postal code : 2100
Country : Australia
Tel : +61 2 99053611
Fax : +61 2 99053911
Email : info@shoeempire.com.au
Website : www.shoeempire.com.au
Registered address : C/o CHARTER GROUP PTY. LIMITED
Level 2, 39 East Esplanade
Town : Manly
Province : New South Wales
Zip/postal code : 2095
Country : Australia
Executive Summary
Date founded or registered : 08/09/2004
Legal form : Australian Proprietary Company
Chief executive : Scot Marquis Mayjor
Issued & paid up capital : AUD 1
Line of business : import and distribution of handbag, belt & shoes for mens, womens
& kids
Staff employed : 7 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is modestly 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 : 08/09/2004
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
110867831
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
79051019034
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None reported.
Other registration : SHOE EMPIRE is a business name owned by
the Subject registered on
06/01/2012 under business registration no: BN98613008.
Key Management
Name : Scot Marquis Mayjor
Designation : Managing Director
Appointments
Name : Scot Marquis Mayjor
Designation : Director and Company Secretary
Appointment date : 21/10/04
Address : 1 Araluen Place
Bayview,
NSW 2104
Australia
Biography : Born on 29-07-1961 in Sydney, New South Wales,
Australia.
Staff employed : 7 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 : Rosemary Jill Mayjor
Address : 1 Araluen Place
Bayview,
NSW 2104
Australia
No. of shares : 1 Ordinary Share
% of shares : 100%
Structure
Related companies and corporate
affiliations comments : None reported.
Bank Details
Name of bank : Westpac Banking
Corporation
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 Mr. Adora Gajitos
advised that the Subject’s
annual turnover is between AUD 1 million to AUD 2 million.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main activities : The
Subject engages in import and distribution of handbag, belt & shoes for mens,
womens & kids
The Subject's also sells its products through its online website (www.shoeempire.com.au
).
Product & services :
· Womens Shoes
Mens Shoes
Kids shoes
Handbags
Belts
Brand :
· CHIC EMPIRE
CONTI MODA
DISH
FANE
PIPDUCK
CHATTERBOX
CHILLIJAM
CHILLIKIDS
COOL 4 SCHOOL
FIREFLY
HEART AND SOLE
LITTLE BLUE LAMB
PLATINO
POSE
QUICHESHOES
TLC
URBAN EMPIRE
CHILLILIME
MOO DESIGNS
Purchases
International : China, Cambodia, Vietnam.
The Subject is in the midst of importing from India.
Sales
Local : Yes
International : Directly from suppliers to United Kingdom
and New Zealand
Property &
Assets
Premises : The Subject operates from the verified heading address
consisting of a
showroom, warehouse and an administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange &
gold : US$ 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%
PAY
Purchase Term
International : Telegraphic transfer, Credit
30-60 days
Sales Term
Local : Credit card, Bank transfer, Credit 30-60
days
International : Telegraphic transfer, Prepayment, Credit 30-60 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
NT HISTORY
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.62 |
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1 |
Rs.100.84 |
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Euro |
1 |
Rs.84.98 |
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.