|
Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
WINRA PTY. LIMITED |
|
|
|
|
Registered Office : |
44 Mickle Street Dandenong South Victoria 3175 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
11.06.1986 |
|
|
|
|
Com. Reg. No.: |
006583044 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Manufacturer and supplier of specialty chemical products. |
|
|
|
|
No. of Employees : |
20 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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 : WINRA PTY. LIMITED
Other style /
Business name : OXFORD TECHNOLOGIES
Business address :
44 Mickle Street
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61 3 97680100
Fax : +61 3
97065733
Email :
info@oxfordtech.net.au
Website :
www.oxfordtechnologies.com.au
Registered address
: 44 Mickle Street
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Postal address : P.O. Box 4500
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3164
Country : Australia
Executive Summary
Date founded or
registered : 11/06/1986
Legal form : Australian
Proprietary Company
Chief executive : Graham John Burgen
Issued & paid
up capital : AUD 100
Sales turnover : AUD 10,000,000
(Estimated non-consolidated 12 months, 30/06/2012)
Line of business :
Manufacturer and
supplier of specialty chemical products.
Staff employed : 20 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental : No
detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 11/06/1986
Legal form : Australian
Proprietary Company
Registration no Australia Company
Number: 006583044
Registered
authority : Australian Securities
and Investments Commission
Fiscal/ Tax no : Australia Business
Number: 97006583044
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Graham John Burgen
Designation : Managing Director
Name : Colin Mark Bruerton
Designation : Sales Director
Name : Klaus Wagner
Designation : Research & Development
Director
Name : Srikanth Matam
Designation : Financial Controller
Name : Geoff
Sayers
Designation : System Manager
Appointments
Name : Graham John Burgen
Designation : Director and Company Secretary
Appointment date :
04/03/94
Address : 41-43 Barrow Street
Coburg, VIC 3058
Australia
Biography : Born on 08-04-1961 in Melbourne, Victoria,
Australia.
Name : Klaus Wagner
Designation : Director
Appointment date :
01/06/04
Address : Unit 12, 30 Elizabeth Street
Bayswater, VIC 3153
Australia
Biography : Born on 30-11-1930 in Frankfurt, Germany.
Name : Colin Mark Bruerton
Designation : Director
Appointment date :
10/09/07
Address : 23 Barrow Drive
Heathmont, VIC 3135
Australia
Biography : Born on 07-07-1958 in Melbourne, Victoria,
Australia.
Staff employed :
20 employees
Composition
Authorized Capital
: AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
How listed : Full
List
Composition
Shareholder name :
Colin Mark Bruerton
Address : 23 Barrow Drive
Heathmont, VIC 3135
Australia
No. of shares : 25 Ordinary Shares
Shareholder name :
Klaus Wagner
Address : Unit 12, 30 Elizabeth
Street
Bayswater, VIC 3153
Australia
No. of shares : 25 Ordinary Shares
Shareholder name :
JOLMA PTY. LTD.
Address : 22 Jolimont Terrace
East Melbourne, VIC 3002
Australia
No. of shares : 25 Ordinary Shares
Shareholder name :
BURGEN FAMILY GROUP PTY LTD
Address : 41-43 Barrow Street
Coburg, VIC 3058
Australia
No. of shares : 25 Ordinary Shares
Structure
Related companies
and corporate affiliations comments: None reported.
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 Charge Details:
ASIC Charge Number: 339963
Date Registered: 07-05-1992
Charge type: Both Fixed & Floating
Date Created: 29-04-1992
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1471914
Date Registered: 25-06-2007
Charge type: Fixed
Date Created: 07-06-2007
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1737481
Date Registered: 22-12-2008
Charge type: Fixed
Date Created: 11-11-2008
Chargees Name: NISSAN FINANCIAL SERVICES AUSTRALIA PTY LTD
ASIC Charge Number: 2277896
Date Registered: 20-12-2011
Charge type: Fixed
Date Created: 09-12-2011
Chargees Name:
TOYOTA FINANCE AUSTRALIA LTD
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
18-01-2013
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 : 10,000,000
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 $12.5 million, and
-The company and
any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities :
The Subject is engaged in manufacturing and distribution of speciality
chemical products
mainly for the timber, textile, leather, dry cleaning, water
treatment,
detergent, paint, colour, plastic, rubber, paper, electronics and
special chemical
industries.
Product &
services : Antioxidants U.V.
Absorbers Nano
Materials Dyes and Pigments
Fungicides and Biocides
Flame Retardants
Fluorocarbons
Low sulphide liquid Sulphur dyes
Specialty products
Textile, leather and carpet auxiliaries
Purchases
International :
Taiwan, China, Thailand, Indonesia
Sales
Local : Yes
International :
South East Asia, Pacific Rim, Middle East, Far East, Europe
Property & Assets
Premises : The
Subject operates from premises located at the verified heading
address consisting
of a production facilities, administrative office and
warehouse.
Branches : None
reported.
Intellectual
property : AS/NZS 9001:2008 certified
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 up to 90 days
Sales Term
Local :
Prepayment, Credit up to 90 days
International :
Prepayment, Credit up to 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.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 |
|
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.