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Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
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Name : |
TONJAC GLOBAL
HARDWARE PTY. LIMITED |
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Registered Office : |
Level 3, 169
King Street Newcastle New South Wales 2300 |
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Country : |
Australia |
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Date of Incorporation : |
16.09.2002 |
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Com. Reg. No.: |
102201794 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and
distribution of hardware tools. |
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No. of Employees : |
1 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 : TONJAC GLOBAL HARDWARE PTY. LIMITED
Business address :
Unit 2, 71 Young Street
Town : Parkside
Province : South
Australia
Zip/postal code : 5063
Country : Australia
Tel : +61 417 551301
Email : info@tonjac.com.au
Website : www.tonjac.com.au
Registered address
: Level 3, 169 King Street
Town : Newcastle
Province : New South Wales
Zip/postal code : 2300
Country : Australia
Comments : The
Subject does not operate from a physical address and all correspondence is
conducted through
the residential premises of the Director Mr. Peter Anthony
Hegedus.
Furthermore, the Subject is only contactable through his mobile number.
Executive Summary
Date founded or
registered : 16/09/2002
Legal form : Australian
Proprietary Company
Chief executive : Peter Anthony Hegedus
Issued & paid
up capital : AUD 2
Sales turnover : AUD 1,500,000 (Estimated
Non-consolidated 12 months, 30/06/2012)
Line of business :
Import and
distribution of hardware tools.
Staff employed : Mr. Peter Anthony
Hegedus is the only director and employee
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
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
: 16/09/2002
Legal form : Australian
Proprietary Company
Registration no Australia Company
Number: 102201794
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australia Business
Number: 73102201794
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Peter Anthony Hegedus
Designation : Managing Director
Appointments
Name : Peter Anthony Hegedus
Designation : Director and Company Secretary
Appointment date :
16/09/02
Address : Unit 3, 71 Young Street
Parkside, SA 5063
Australia
Biography : Born on 02-04-1954 in Sydney,
New South Wales, Australia.
Staff employed : Mr. Peter Anthony Hegedus is the only
director and employee
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 :
Peter Anthony Hegedus
Address : Unit 3, 71 Young Street
Parkside, SA 5063
Australia
No. of shares : 2 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 0.95 as of
21-01-2013
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 : 1,500,000
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 $12.5 million, and
-The company and
any entities it controls have fewer than 50 employees at the end of the
financial year.
Main activities :
The Subject is engaged in import and distribution of hardware tools.
Purchases
International : China
Sales
Local : Yes
International : No
exports.
Property & Assets
Premises : The
Subject operates from residential premises located at the verified heading
address consisting of an administrative office.
Branches : None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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
International :
Prepayment
Sales Term
Local :
Prepayment, Cash, Credit 7-30 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.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.57 |
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 |
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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 |
|
<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.