MIRA INFORM REPORT
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Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
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Name : |
CITY LAKE FITNESS PTY LTD |
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Registered Office : |
C/O Kilpatrick Lake Mackenzie, 313 Charlestown Road, Charlestown, New South Wales |
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Country : |
Australia |
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Date of Incorporation : |
01.10.2010 |
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Com. Reg. No.: |
146629423 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Operator of a 24 hour fitness
center under Anytime Fitness franchise. |
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No. of Employees : |
04 |
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 : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. 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 is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source : CIA |
Verified Address
Subject name : CITY LAKE FITNESS PTY
LTD
Other style / Business name :
GSIX
Business address : 323 Hillsborough Road
Town : Warners
Bay
Province : New South Wales
Zip/postal code : 2282
Country : Australia
Tel : +61 2 49544288
Email : kim.robertson@anytimefitness.com.au
Registered address : C/o KILPATRICK LAKE MACKENZIE
313 Charlestown Road
Town : Charlestown
Province : New South Wales
Zip/postal code : 2290
Country : Australia
Comments : The provided
address 11 Winston Street, Croudace Bay, NSW 2280, Australia
belongs to the residential address of Ms. Kim Maree Robertson.
Executive Summary
Date founded or registered : 01/10/2010
Legal form : Australian
Proprietary Company
Chief executive : Kim Maree Robertson
Issued & paid up capital
: AUD 2
Line of business : Operator of a 24 hour
fitness center under Anytime Fitness franchise.
Staff employed : 4 employees including
directors (Full Time)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is in
start-up phase
Management experience : Management is modestly experienced
Financial performance : Financial performance is
undetermined
Organization structure : Organizational structure is
acceptable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 01/10/2010
Legal form : Australian Company
Number: 146629423
Registration no Australian Proprietary
Company
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 36085796132
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Other registration : GSIX is a business name
owned by the Subject registered on 01/05/2013.
Key Management
Name : Kim Maree Robertson
Designation : Managing Director
Appointments
Name : Amber Michelle
Lutterbey
Designation : Director
Appointment date : 04/07/13
Address : 15 Lamington Drive
Mount
Hutton, NSW 2290
Australia
Biography : Born on 15-03-1980 in
Westmead, New South Wales, Australia.
Name : Kim Maree Robertson
Designation : Director
Appointment date : 04/07/13
Address : 11 Winston Street
Croudace
Bay, NSW 2280
Australia
Biography : Born on 30-09-1974 in Tweed Heads,
New South Wales, Australia.
Staff employed : 4 employees including directors
(Full Time)
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 : S & K ROBERTSON PTY LTD
Address : C/o KILPATRICK LAKE
MACKENZIE
313
Charlestown Road
Charlestown,
NSW 2290
Australia
No. of shares : 2 Ordinary Shares
% of shares : 100%
Structure
Name : S & K ROBERTSON PTY
LTD
Affiliation type : Parent Company
Address : C/o KILPATRICK LAKE
MACKENZIE
313
Charlestown Road
Charlestown,
NSW 2290
Australia
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.
FINANCIAL
Description
Comments : The representative
contacted Ms. Kim Maree Robertson declined to provide any
financial
information until the inquiring party details are revealed.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities : The Subject engages as a operator
of a 24 hour fitness center under
Anytime
Fitness franchise.
In addition, the Subject imports and sells sporting wear.
Purchases
International : China
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises
at the verified heading address
consisting of a fitness center and administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 46.714
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 : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate : 2010:
5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross
debt as
a % GDP) :
2010: 20.4%
2011:
22.9%
2012: 24%
Government bond ratings : Standard &
Poor's: AAA
Moody's
rating: Aaa
Moody's
outlook: STA
Market value of publicly
traded shares : US$1.198
trillion
Largest companies in the country Qantas
Airways (Airline),Coca-Cola Amatil (Beverages), CSL
(Biotechs), Brambles (Business &
Personal Services),Crown Ltd (Casinos & Gaming), Amcor (Containers &
Packaging),Suncorp-Metway (Diversified Insurance), BHP Billiton (Diversified
Metals & Mining),Newcrest Mining (Diversified Metals & Mining), Orica
(Diversified Metals & Mining), Iluka Resources (Diversified Metals &
Mining), Origin Energy (Electric Utilities), AGL Energy(Electric Utilities),
Wesfarmers (Food Retail), Woolworths
(Food Retail), Metcash (Food Retail), Macquarie Group (Investment services),
AMP (Investment services), Challenger Ltd (Investment services), Fortescue
Metals Group (Iron & Steel), Bluescope Steel (Iron & Steel),
Commonwealth Bank (Major Banks), Westpac Banking Group (Major Banks), National
Australia Bank (Major Banks), ANZ (Major Banks), Woodside Petroleum (Oil &
Gas Operations), Santos (Oil & Gas Operations), Caltex Australia (Oil &
Gas Operations), WorleyParsons (Oil Services & Equipment), Toll Holdings
(Other Transportation), Transurban Group (Other Transportation), QBE Insurance
Group (Property & Casualty Insurance), Insurance Australia Group (Property
& Casualty Insurance), QR National (Railroads), Westfield Group (Real
Estate), Stockland Australia (Real Estate), Westfield Retail Trust (Real
Estate), Lend Lease (Real Estate), CFS Retail Property Trust (Real Estate),
Goodman Group (Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank
of Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals), Telstra
(Telecommunications Services)
Trade & Competitiveness
Overview
Total exports : US$263.9
billion
Exports commodities : Coal, iron ore, gold,
meat, wool, alumina, wheat, machinery and
transport equipment
Total imports : US$239.7
billion
Imports commodities : Machinery and transport
equipment, computers and office machines,
telecommunication
equipment and parts; crude oil and petroleum products
Export - major partners : China 27.4%, Japan
19.2%, South Korea 8.9%, India 5.8%
Import - major partners : China 18.5%, US 11.4%,
Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009:
US$26,554 million
2010:
US$35,556 million
2011:
US$41,317 million
FDI Outflows : 2009:
US$16,693 million
2010:
US$12,791 million
2011:
US$19,999 million
Best countries for doing business
: 10 out of 185 countries
Global competitiveness
ranking : 20 (ranking by
country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 22.68 million
Total area : 7,692,024
km2
Capital : Canberra
Currency : Australian
dollars (AUD)
Internet users as % of total
population : 79%
Purchase Term
International : Telegraphic
transfer, Credit 30 days
Sales Term
Local : Cash,
Credit card
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.89 |
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UK Pound |
1 |
Rs.90.88 |
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Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.