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Report Date : |
02.02.2013 |
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Tel No.: |
61 3 97917388 |
IDENTIFICATION DETAILS
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Name : |
TRIPLE STAR DIECASTING PTY LTD |
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Registered Office : |
56-60 Deans Court, Dandenong, Victoria 3175 |
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Country : |
Australia |
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Date of Incorporation : |
06.02.1997 |
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Com. Reg. No.: |
077384537 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing and distribution of aluminium and zinc die casting
products. |
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No. of Employees : |
30 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 : |
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 |
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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.
|
Source : CIA |
Verified Address
Subject name : TRIPLE
STAR DIECASTING PTY LTD
Business address : 56-60
Deans Court
Town : Dandenong
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61
3 97931114
Fax : +61
3 97914114
Email : quoc@triplestardiecasting.com.au
Website : www.triplestardiecasting.com.au
Registered address : 56-60
Deans Court
Town : Dandenong
Province : Victoria
Zip/postal code : 3175
Country : Australia
Executive Summary
Date founded or registered : 06/02/1997
Legal form : Australian
Proprietary Company
Chief executive : Quoc
Cuong Tieu
Issued & paid up capital : AUD
2
Sales turnover : AD
4,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Manufacturing
and distribution of aluminium and zinc die casting products.
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 records : No
detrimental records found
Payment history : No
payment delays noted
Registry Data
Registration date : 06/02/1997
Legal form : Australian
Proprietary Company
Registration no Australia Company Number: 077384537
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australia
Business Number: 34077384537
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Quoc
Cuong Tieu
Designation : Managing
Director
Appointments
Name : Quoc
Cuong Tieu
Designation : Director
and Company Secretary
Appointment date : 06/02/97
Address : 194
Keys Road
Keysborough, VIC 3173
Australia
Biography : Born
on 18-04-1967 in Vietnam.
Staff employed : 30
employees
Composition
Authorized Capital : AUD 2
No of shares : 2
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
How listed : Full
List
Composition
Shareholder name : Quoc
Cuong Tieu
Address : 194
Keys Road
Keysborough, VIC 3173
Australia
No. of shares : 2
Ordinary Shares
% of shares : 100%
Structure
Name : TRIPLE STAR
FENCING SUPPLIES PTY LTD
Affiliation type : Associate
Address : 56-60 Deans
Court
Dandenong, VIC 3175
Australia
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 30-01-2013
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 : 4,000,000
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged
in manufacturing and distribution of aluminium and zinc die casting products.
Product & services : -
Aluminium and zinc die casting products
- Fencing products: Plastics, rings, spears,
caps, brackets, scrolls, fittings, locks, remote controlled motors, punched
rhs, purlins, galvanised steel, fencing panels etc
Purchases
International : Taiwan,
China, Vietnam
Sales
Local :
Yes
International :
Asia, New Zealand
Property &
Assets
Premises : The Subject
operates from premises located at the verified heading address consisting of a
administrative office and warehouse.
Branches :
In addition, the Subject operates from the following production facility located
at:
14 Attenborough Street
Dandenong, VIC 3175
Australia
Tel: +61 3
97933888
Intellectual property :
ISO 9001:2008 Certified
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange & gold :
US$ 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, 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.53.32 |
|
|
1 |
Rs.84.60 |
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Euro |
1 |
Rs.72.63 |
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 |
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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.