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Report Date : |
27.02.2013 |
IDENTIFICATION DETAILS
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Name : |
INTOUCH ULTIMA PTY LTD |
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Registered Office : |
Unit 3, 103 Colin Street West Perth Western Australia 6005 |
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Country : |
Australia |
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Date of Incorporation : |
29.09.2004 |
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Com. Reg. No.: |
111179269 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Development, support & sales of Point of Sales (POS) and ticketing software and Point of Sales (POS) related hardware such as printers, scanners etc. |
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No. of Employees : |
10 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 (31.03.2011) |
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 : INTOUCH ULTIMA PTY LTD
Business address :
22 Prowse Street
Town : West Perth
Province : Western Australia
Zip/postal code : 6005
Country : Australia
Tel : +61 8 93229099
Fax : +61 8 93229022
Email : p.broberg@intouchultima.com
Website : www.intouchultima.com
Registered address
: Unit 3, 103 Colin Street
Town : West Perth
Province : Western Australia
Zip/postal code : 6005
Country : Australia
Executive Summary
Date founded or registered
: 29/09/2004
Legal form : Australian
Proprietary Company
Chief executive : Christopher John Heberle
Issued & paid
up capital : AUD 2
Sales turnover : AUD 1,400,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line of business :
Development, support
& sales of Point of Sales (POS) and ticketing software and
Point of Sales (POS) related hardware such as printers, scanners etc.
Staff employed : 10 employees
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management
experience : Management is modestly experienced
Financial
performance : Financial performance is fair
Organization
structure : Organizational structure is acceptable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 29/09/2004
Legal form : Australian
Proprietary Company
Registration no Australia Company
Number: 111179269
Registered
authority : Australian
Securities and Investments Commission
Other registration
no : Australia Business
Number: 23111179269
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Christopher John
Heberle
Designation : Managing Director
Name : Klaas Sybranda
Designation : Director
Name : Peter Broberg
Designation : Business Manager
Appointments
Name : Christopher John Heberle
Designation : Director and Company Secretary
Appointment date :
29/09/04
Address : Unit 3, 103 Colin Street
West Perth, WA 6005
Australia
Biography : Born on 30-06-1965 in Myrtleford,
Victoria, Australia.
Mr. Christopher John Heberle leads the software development team.
His main role is research and coding of Intouch applications.
Name : Klaas Sybranda
Designation : Director
Appointment date :
29/09/04
Address : 64 Basildon Road
Lesmurdie, WA 6076
Australia
Biography : Born on 26-07-1953 in Netherlands.
Mr. Klaas Sybranda is the systems designer and responsible for
business development.
Staff employed :
10 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 :
Christopher John Heberle
Address : Unit 3, 103 Colin Street
West Perth, WA 6005
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : HEILAND PTY. LTD.
Address : Level 5, 111-113 Hume
Street
Wodonga, VIC 3690
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Structure
Name : HEILAND PTY. LTD.
Affiliation type :
Shareholder
Address : Level 5, 111-113 Hume Street
Wodonga, VIC 3690
Australia
Name : ULTIMA INTOUCH INC.
Affiliation type :
Associate
Address : 1604 State Street
Santa Barbara, CA 93101-2520
United States of America
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 : Provided by the
Subject
Financial
statement date : 30/06/12
Type of accounts :
Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.97 as of
25-02-2013
Summarized Financial Information
Consolidation type
: Non Consolidated Non Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar
(AUD)
Denomination : (x1) One (x1) One
Date of financial
year end : 30/06/12 30/06/11
Length of accounts
: 12 months 12 months
Sale turnover /
Income : 1,400,000 1,300,000
Comments : The estimated turnover was provided by Mr.
Peter Broberg.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject is mainly engaged in the
development, support and sales of
Intouch Ultima, an intergrated business management software that can
perform Point of Sale for ticketing, retail, food service and rentals to
more
specialized CRM functions, e-commerce and content management. It
provides a complete business suite for any large, medium or small sized
business wanting to deliver a high level of customer service.
Product &
services : - Intouch Ultima business management software
- Ticket printer, scanner, ROKPOS Terminal, Receipt Printer, Card
Printer,
RFID Reader, Cash drawers, Wireless Networking
Brand : Intouch
Purchases
International :
Taiwan, China, Austria, United States
Sales
Local : Yes
International :
United States, New Zealand, Singapore, Hong Kong
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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): 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
Local : Credit 30
days, Prepayment
International :
Credit 30 days, Telegraphic transfer
Sales Term
Local : Credit 30
days, Prepayment
International :
Credit 30 days, Telegraphic transfer
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.54.06 |
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|
1 |
Rs.82.15 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.