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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
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Name : |
PC Range PTY. LTD. |
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Registered Office : |
19 Aldenhoven Road, Lonsdale, South Australia 5160 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
26.08.2002 |
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Com. Reg. No.: |
101821407 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and wholesale distribution of wired and wireless
networking products |
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No. of Employees : |
30 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
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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
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: PC
RANGE PTY. LTD.
Other style / Business name: OFFICE
RANGE
Business address: 19
Aldenhoven Road
Town: Lonsdale
Province: South
Australia
Zip/postal code: 5160
Country: Australia
Tel: +61
8 81861800
Fax: +61
8 81860222
Email: info@pcrange.com.au
Website: www.pcrange.com.au
/ www.officerange.com.au
Registered address: C/o
JENE ACCOUNTING SERVICES PTY. LTD.
137 Beach Road
Town: Christies
Beach
Province: South
Australia
Zip/postal code: 5165
Country: Australia
Executive Summary
Date founded or registered: 26/08/2002
Legal form: Australian
Proprietary Company
Chief executive: Raaj
Menon
Issued & paid up capital: AUD
100
Sales turnover: AUD
6,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business: Import
and wholesale distribution of wired and wireless networking 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: No
detrimental found
Payment history: No
payment delays noted
Registry Data
Registration date: 26/08/2002
Legal form: Australian
Proprietary Company
Registration no Australia
Company Number: 101821407
Registered authority: Australian
Securities and Investments Commission
Fiscal/ Tax no: Australia
Business Number: 56101821407
Registry status: Live/Active
Previous name: None
reported.
Change of legal form: None
reported.
Other registration: OFFICE
RANGE is a business name owned by the Subject registered on
03/09/2007 under business registration no:
BN04781041.
Key Management
Name: Raaj
Menon
Designation: Managing
Director
BOARD
OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name: Raaj
Menon
Designation: Director
and Company Secretary
Appointment date: 26/08/02
Address: 20
Kandra Road
Sheidow
Park, SA 5158
Australia
Biography: Born
on 27-11-1962 in Malaysia.
Staff employed: 30
employees
Composition
Authorized Capital: AUD
100
No of shares: 100
Ordinary Shares
Share par value: AUD
1
Issued capital: AUD
100
Paid up capital: AUD
100
How listed: Full
List
Composition
Shareholder name: Raaj Menon
Address: 20
Kandra Road
Sheidow
Park, SA 5158
Australia
No. of shares: 100
Ordinary Shares
% of shares: 100%
Structure
Related companies and corporate affiliations comments: None reported.
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 04-02-2013
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: 6,000,000
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 $12.5 million, and
-The company and any entities it
controls have fewer than 50 employees at the end of the financial year.
Main activities: The
Subject is engaged in import and wholesale distribution of wired and
wireless
networking products.
In addition, the Subject import
and distributes promotional gifts and corporate gifts.
Product & services: POS
terminals
Wired
and wireless modems
Telephone
accessories
ADSL
filters
Network adaptors
Routers
PoE products
IP Camera
DECT phones
IPad, i-Phone and android mobile
accessories
Printing services
Bags
Calendars
Clothing
Confectionery
Drinkware
Eco Friendly products
Flashlights
Hats & Accessories
Hospitality products
ID/Badge Holders
Key Rings
Lanyards
Lifestyle & Travel products
Office Supplies
Outdoor products
Pens
Sporting Goods
Stress Balls
Stubby Holders & Accessories
Tools
Towels
Toys
USB Drives & Gadgets
Watches & Clocks
Water Bottles
Brand: BILLION
MINITAR
FRITZ
NUUOLINK
PRINTOMATIC
PADACS
SOFTWARE RANGE
DROIDAX
SIMP-Q PHOTO STUDIO
AUDIOMATE
DIGITAL AUDIO ADAPTORS
SIP
TALK
Purchases
International: Mainly
from Taiwan, China, Malaysia
Sales
Local: Yes
International: New
Zealand
Property & Assets
Premises: The
Subject operates from premises located at the verified heading
address consisting of a warehouse and
administrative office.
Branches: None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank: Reserve
Bank of Australia
Reserve of foreign exchange & gold: US$ 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)q :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
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Indian Rupees |
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US Dollar |
1 |
Rs.53.29 |
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1 |
Rs.83.97 |
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Euro |
1 |
Rs.71.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.