|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAJERS PTY LTD |
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|
|
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Registered Office : |
C/o COOPER REEVES PTY LTD Level 1, 172 Evans Road Salisbury Queensland 4107 |
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|
|
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Country : |
Australia |
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|
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
20.12.1994 |
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|
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Com. Reg. No.: |
067555855 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and retail sales of tiles and other related products. |
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No. of Employees : |
80 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 : MAJERS PTY LTD
Other style /
Business name : MAJER TILES
Business address :
Corner Compton &
Ewing Road
Town : Underwood
Province : Queensland
Zip/postal code : 4119
Country : Australia
Tel : +61 7
32900066
Fax : +61 7
38084541
Website : www.majertiles.com.au
Registered address
: C/o COOPER REEVES PTY
LTD
Level 1, 172 Evans Road
Town : Salisbury
Province : Queensland
Zip/postal code : 4107
Country : Australia
Postal address : P.O. Box 9544 4178
Town : Wynnum
Plaza
Province : Queensland
Zip/postal code : 4178
Country : Australia
Executive Summary
Date founded or
registered : 20/12/1994
Legal form : Australian
Proprietary Company
Chief executive : Anthony Michael Majer
Issued & paid
up capital : AUD 30,000
Sales turnover : AUD 25,798,188 (Non consolidated 12
months, 30/06/2008)
Net income : AUD 234,476 (Non
consolidated 12 months, 30/06/2008)
Total fixed assets
: AUD 10,305,357 (Non
consolidated 12 months, 30/06/2008)
Line of business :
Import and retail
sales of tiles and other related products.
Staff employed : 80 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
Comments : It is
advisable to conduct business dealing on prepayment of L/C basis for larger
credit
transactions than suggested.
Registry Data
Registration date
: 20/12/1994
Legal form : Australian Proprietary Company
Registration no Australia Company Number: 067555855
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australia Business Number:
89067555855
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Other registration
: MAJER TILES is a business name
owned by the Subject registered on
09/01/1996 under business registration no: QLD BN5948290.
Key Management
Name : Anthony Michael Majer
Designation : Managing Director
Appointments
Name : Anthony Michael Majer
Designation : Director
Appointment date :
20/12/94
Address : 29 Thornbury Street
Spring Hill, QLD 4000
Australia
Biography : Born on 01-04-1971 in Cairns,
Queensland, Australia.
Staff employed : 80 employees
Key Advisors
Auditors : BDO
Level 18, 300 Queen Street
Brisbane, QLD 4000
Australia
Composition
Authorized Capital
: AUD 30,000
No of shares : 30,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 30,000
Paid up capital : AUD 30,000
How listed : Full
List
Composition
Shareholder name :
Jointly held by Anthony Michael
Majer & Alojzij Majer @ Louis Majer
Address : Anthony Michael Majer
29 Thornbury Street
Spring Hill, QLD 4000
Australia
Alojzij Majer @ Louis Majer
58 Kingsholme Street
Newstead, QLD 4006
Australia
No. of shares : 10,000 Ordinary Shares
Shareholder name :
Jointly held by Alojzij Majer @
Louis Majer & Maureen Majer
Address : Alojzij Majer @ Louis
Majer & Maureen Majer
58 Kingsholme Street
Newstead, QLD 4006
Australia
No. of shares : 10,000 Ordinary Shares
Shareholder name :
DANJAX INVESTMENTS PTY LTD
Address : C/o COOPER REEVES PTY LTD
Level 1, 172 Evans Road
Salisbury, QLD 4107
Australia
No. of shares : 10,000 Ordinary Shares
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 : Commercial
Registry Filings
Financial
statement date : 30/06/08
Type of accounts :
Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.95 as of
10-01-2013
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 : 30/06/08 30/06/07
Length of accounts
: 12 months 12 months
Sale turnover /
Income : 25,798,188 21,441,388
Gross profit : 11,207,446 9,057,700
Profit before tax
: 344,707 -827,235
Net income : 234,476 -585,785
Non current assets
: 2,663,252 3,043,401
Current assets : 7,642,105 7,731,305
Inventories : 5,288,170 5,893,338
Total assets : 10,305,357 10,774,706
Current
liabilities : 6,984,902
7,129,642
Non current
liabilities : 1,417,883 1,976,968
Total liabilities
: 8,402,785 9,106,610
Share equity : 1,902,572 1,668,096
Retained earning :
1,872,572 1,638,096
Comments : The
Subject's latest financial statement was not filed with Australian Securities
and Investments
Commission.
Main activities : The Subject is engaged in import and retail
sales of tiles and other related products.
Product &
services : Kitchen Tiles
Outdoor Tiles
Bathroom Tiles
Floor Tiles
Purchases
International :
Europe & Asia
Sales
Local : Yes
International : No
exports.
Property & Assets
Premises : The
Subject operates from the verified heading address consisting of a
showroom and
administrative office.
Branches : In addition, the Subject operates from
showrooms and warehouses located
at:
Showrooms:
Cnr Wandoo & Doggett Sts
Fortitude Valley, QLD 4006
Australia
Tel: +61 7 38524444
68 Bundall Road
Bundall, QLD 4217
Australia
Tel: +61 7 55269444
384 Nicklin Way
Bokarina, QLD 4575
Australia
Tel: +61 7 54934755
65 Mulgrave Road
Cairns, QLD 4870
Australia
Tel: +61 7 40411566
76 Duckworth Street
Garbutt, QLD 4814
Australia
Tel: +61 7 47751144
page 10 / 14
Warehouse:
47 Anderson Street
Manunda, QLD 4870
Australia
158 Lindum Road
Lytton, QLD 4178
Australia
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, D/P, Credit 30-90 days
Sales Term
Local : Cash, Credit
card, Bank transfer, 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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.