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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
AUTO PARTS GROUP PTY LTD |
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Registered Office : |
72 Pritchard Road, Virginia, Queensland, 4014 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
31.08.1994 |
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Com. Reg. No.: |
065899176 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Sales of automotive parts. |
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No. of Employees : |
189 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.03.2012) |
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.
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Source : CIA |
Verified Address
Subject name :
AUTO PARTS GROUP PTY LTD
Other style / Business name :
ALL CRASH PARTS
Business address :
72 Pritchard Road
Town :
Virginia
Province :
Queensland
Zip/postal code :
4014
Country :
Australia
Tel :
+61 7 38652599
Fax :
+61 7 38653900
Website :
www.allcrashparts.com.au
Registered address :
72 Pritchard Road
Town :
Virginia
Province :
Queensland
Zip/postal code : 4014
Country :
Australia
Executive Summary
Date founded or registered :
31/08/1994
Legal form :
Australian Proprietary Company
Chief executive :
Stephen George Campbell
Issued & paid up capital :
AUD 9,000
Sales turnover :
AUD 43,645,845 (Non-consolidated 12 months, 30/06/2012)
Net income :
AUD 3,979,316 (Non-consolidated 12 months, 30/06/2012)
Total fixed assets :
AUD 20,265,154 (Non-consolidated 12 months, 30/06/2012)
Line of business :
Sales of automotive parts.
Staff employed :
189 employees
Company Analysis
Country risk :
Country risk is minimal
Operation trend :
Operational trend is progressing
Management experience :
Management is reasonably experienced
Financial performance :
Financial performance is good
Organization structure :
Organizational structure is stable
Detrimental : No
detrimental found
Payment history :
No payment delays noted
Credit amount asked :
Not described.
Registry Data
Registration date :
31/08/1994
Legal form :
Australian Proprietary Company
Registration no Australia Company Number :
065899176
Registered authority :
Australian Securities and Investments Commission
Fiscal/ Tax no :
Australia Business Number: 32065899176
Registry status :
Live/Active
Previous name :
The Subject was previously known as PACRIM TRADING CO PTY LTD and changed to the current style on
04-03-2011.
Change of legal form :
None reported.
Other registration
:
ALL CRASH PARTS is a business name owned by the Subject registered under
business number QLD BN5308239 / VIC B1720506C and NSW BN98311276.
Key Management
Name :
Stephen George Campbell
Designation :
Managing Director
Appointments
Name :
Stephen George Campbell
Designation :
Director and Company Secretary
Appointment date :
28/08/94
Address :
24 Newmarket Road
Windsor, QLD 4030
Australia
Biography :
Born on 04-08-1968 in Glasgow, United Kingdom.
Staff employed :
189 employees
Key Advisors
Auditors :
WALLACE GROUP
Level 7, 179 Turbot Street
Brisbane, QLD 4000
Australia
Composition
Authorized Capital :
AUD 9,000
No of shares :
9,000 Ordinary Shares
Share par value : AUD
1
Issued capital :
AUD 9,000
Paid up capital :
AUD 9,000
How listed :
Full List
Composition
Shareholder name :
ALL CRASH PARTS PTY LTD
Address :
72 Pritchard Road
Virginia, QLD 4014
Australia
No. of shares :
9,000 Ordinary Shares
% of shares :
100%
Structure
Name :
ALL CRASH PARTS PTY LTD
Affiliation type :
Parent Company
Address :
72 Pritchard Road
Virginia, QLD 4014
Australia
Bank Details
Name of bank :
National Australia Bank 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 :
Unsatisfied Charges:
ASIC Charge Number : 2211516
Date Registered : 29-07-2011
Charge type :
Both Fixed & Floating
Date Created :
07-07-2011
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number : 2236508
Date Registered : 21-09-2011
Charge type :
Fixed
Date Created :
07-09-2011
Chargees Name : NATIONAL AUSTRALIA
BANK LIMITED
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 :
30/06/12
Type of accounts :
Full audited
Currency :
Australia Dollar (AUD)
Exchange rate :
1 USD = AUD 0.95 as of 14-01-2013
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 :
30/06/12 30/06/11
Length of accounts :
12 months 12
months
Sale turnover / Income :
43,645,845 35,817,720
Profit before tax :
5,721,284
4,778,217
Net income :
3,979,316 3,296,720
Non current assets :
2,067,814 1,800,727
Current assets :
18,197,340 15,525,376
Inventories :
11,319,887 7,997,463
Total assets :
20,265,154 17,326,103
Current liabilities :
4,634,834 3,079,002
Non current liabilities :
7,659,865 7,255,961
Total liabilities :
12,294,699 10,334,963
Share equity :
7,970,455 6,991,140
Main activities :
The Subject is engaged in the importation and sales of automotive parts.
Purchases
International :
Mainly from Taiwan, China, Japan, South Korea, Indonesia
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 :
In addition, the Subject operates from branch offices located at:
32-38 Winterton Road
Clayton, VIC 3168
Australia
Tel: +61 3 95487109
2/338 Woodpark Road
Smithfield, NSW 2164
Australia
Tel: +61 2 87854599
8 Lindsay Road
Lonsdale, SA 5160
Australia
Tel: +61 8 82772211
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 :
L/C, Prepayment, Credit 30-90 days
Sales Term
Local :
Prepayment, Cash, Credit 30-90 days
International :
L/C, Prepayment, 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 |
|
US Dollar |
1 |
Rs.54.82 |
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1 |
Rs.87.9 |
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Euro |
1 |
Rs.72.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.