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Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
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Name : |
IDEALPOS SOLUTIONS PTY LTD |
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Formerly Known As : |
IDEAL BUSINESS SOFTWARE PTY. LTD. (initial) |
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Registered Office : |
Unit 1, 212 Curtin Avenue West Eagle Farm Queensland 4009 |
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Country : |
Australia |
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Date of Incorporation : |
29.02.2000 |
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Com. Reg. No.: |
091801204 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of point of sale (POS) products. |
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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) |
|
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 : IDEALPOS SOLUTIONS PTY LTD
Business
address : Unit 1, 212 Curtin Avenue
West
Town : Eagle Farm
Province : Queensland
Zip/postal
code : 4009
Country : Australia
Tel : +61 7 36302016
Fax : +61 7 36302017
Website : www.idealpos.com.au
Registered
address : Unit 1, 212 Curtin Avenue
West
Town : Eagle Farm
Province : Queensland
Zip/postal
code : 4009
Country : Australia
Executive Summary
Date
founded or registered : 29/02/2000
Legal form
: Australian
Proprietary Company
Chief
executive : Mark
Beeley
Issued
& paid up capital : AUD 900
Sales
turnover : AUD 4,000,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line of
business : Import
& distribution of point of sale (POS) products.
Staff
employed : 10
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 : 29/02/2000
Legal form
: Australian Proprietary
Company
Registration
no Australia Company Number:
091801204
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax
no : Australia Business
Number: 34091801204
Registry
status : Live/Active
Previous
name : IDEAL BUSINESS SOFTWARE
PTY. LTD. (initial)
Change of
legal form : None reported.
Key Management
Name : Mark Beeley
Designation
: Managing Director
Appointments
Name : David Beeley
Designation
: Director and Company
Secretary
Appointment
date : 29/02/00
Address : 49 Silky Oak Crescent
Carindale, QLD 4152
Australia
Biography :
Born on 11-11-1947 in
York, United Kingdom.
Name : Mark Beeley
Designation
: Director
Appointment
date : 23/06/05
Address : 12 Hernandia Place
MacKenzie, QLD 4156
Australia
Biography :
Born on 07-12-1977 in
Brisbane, Queensland, Australia.
Staff
employed : 10 employees
Composition
Authorized
Capital : AUD 900
No of
shares : 900 Ordinary
Shares
Share par
value : AUD 1
Issued
capital : AUD 900
Paid up
capital : AUD 900
How listed
: Full List
Composition
Shareholder
name : Mark Beeley
Address : 12 Hernandia Place
MacKenzie, QLD 4156
Australia
No. of
shares : 300 Ordinary
Shares
Shareholder
name : BEELEY INVESTMENTS PTY LTD
Address : C/o COOPER REEVES
Level 1, 172 Evans Road
Salisbury, QLD 4107
Australia
No. of
shares : 450 Ordinary Shares
Shareholder
name : Jointly held by Mark Beeley
& Kathryn Beeley
Address : Mark Beeley & Kathryn
Beeley
12 Hernandia Place
MacKenzie, QLD 4156
Australia
No. of
shares : 150 Ordinary Shares
Structure
Related companies
and corporate affiliations comments: None reported.
Bank Details
Name of
bank : Australia and New
Zealand Banking Group 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
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 0.95 as of 10-01-2013
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The Subject is engaged in
import & distribution of point of sale (POS)
products.
Product
& services : Point of sale products such as Touch POS Terminals, Embedded
PC’s for
Kitchen
Monitors, Printers, Cash Drawers, Scanners, POS printers and
POS
Peripherals
Purchases
International
: Mainly from Taiwan, China
Sales
Local : Yes
International
: New Zealand
Property & Assets
Premises :
The Subject operates from premises located at the verified heading
address
consisting of an administrative office and warehouse.
Branches :
None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve of
foreign exchange & gold : US$
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
International
: Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Prepayment, Cash, Bank 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.54.54 |
|
|
1 |
Rs.88.05 |
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Euro |
1 |
Rs.72.09 |
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.