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Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ALBA HOLDINGS
PTY LTD |
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Registered Office : |
C/o GALLUCCIO GRIGGS |
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Country : |
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Date of Incorporation : |
03.07.1995 |
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Com. Reg. No.: |
070111116 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Provider of commercial and general printing services. |
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No. of Employees : |
60 employees |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Australia |
A1 |
A1 |
|
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, 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.
Source
: CIA
Verified Address
Subject name : ALBA HOLDINGS PTY LTD
Other style /
Business name : QUALITY PRESS W.A.
Business address :
8-10 Babel Road
Town : Welshpool
Province : Western
Australia
Zip/postal code : 6106
Country : Australia
Tel : +61 8
62549999
Fax : +61 8
62549900
Website :
www.qualitypress.com.au
Registered address
: C/o GALLUCCIO GRIGGS
620 Newcastle Street
Town : Leederville
Province : Western
Australia
Zip/postal code : 6007
Country : Australia
Postal address :
Town : Welshpool
DC
Province : Western
Australia
Zip/postal code : 6986
Country : Australia
Comments : The provided
addresss 9 Roberts Street, West Osborne Park, Perth, WA 6017,
Australia is an old address of the Subject.
Executive Summary
Date founded or
registered : 03/07/1995
Legal form : Australian Proprietary
Company
Chief executive : Atishkumar Kishorilal
Shah
Issued & paid
up capital : AUD 148
Sales turnover : AUD 13,000,000 (Estimated
Non-Consolidated 12 months, 30/06/2012)
Line of business :
Provider of
commercial and general printing services.
Staff employed : 60 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
Registry Data
Registration date
: 03/07/1995
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
070111116
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business Number:
98369321245
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Other registration
: QUALITY PRESS W.A. is a
business name owned by the Subject registered on
19/01/1987 under business registration no: 8391373U.
Key Management
Name : Atishkumar Kishorilal Shah
Designation : Managing Director
Appointments
Name : Atishkumar Kishorilal
Shah
Designation : Director
Appointment date :
01/09/95
Address : 59 Dunrossil Place
Wembley Downs, WA 6019
Australia
Biography : Born on 23-09-1967 in
Nairobi, Kenya.
Name : Kishorilal Ramji Shah
Designation : Director
Appointment date :
06/02/97
Address : 24 Paine Court
Karrinyup, WA 6018
Australia
Biography : Born on 07-06-1937 in
Nairobi, Kenya.
Name : Amit Kishorilal Shah
Designation : Director
Appointment date :
01/06/06
Address : 24 Paine Court
Karrinyup, WA 6018
Australia
Biography : Born on 17-03-1975 in
Nairobi, Kenya.
Name : Rameshbhai Harmanbhai
Patel
Designation : Director and Company Secretary
Appointment date :
04/07/95
Address : 20A Seaforth Road
Balcatta, WA 6021
Australia
Biography : Born on 30-07-1953 in India.
Staff employed : 60 employees
Composition
Authorized Capital
: AUD 148
No of shares : 148 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 148
Paid up capital : AUD 148
How listed : Full List
Composition
Shareholder name :
Kishorilal Ramji Shah
Address : 24 Paine Court
Karrinyup, WA 6018
Australia
No. of shares : 112 Ordinary Shares
Shareholder name :
Rameshbhai Harmanbhai Patel
Address : 20A Seaforth Road
Balcatta, WA 6021
Australia
No. of shares : 36 Ordinary Shares
Structure
Related companies
and corporate affiliations comments :
None reported.
Bank Details
Name of bank : National Australia Bank
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 : Provided by the
Subject
Financial
statement date : 30/06/12
Type of accounts :
Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 1.08 as of
19-06-2013
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 : 13,000,000
Comments : The estimated
turnover was provided by Mr. Vishal Patel.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject provides
commercial and general printing services.
Product &
services : Pre-Press
printing services
Digital Printing services
Purchases
Local : Yes
International : Taiwan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject
operates from premises at the verified heading address
consisting of a printing facility, warehouse and administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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
Local : Bank transfer, Prepayment, Credit
30-90 days
International : Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Bank transfer, 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
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|
1 |
Rs.92.22 |
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Euro |
1 |
Rs.79.18 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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.