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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
AEROCOOL AUSTRALIA PTY LTD |
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Registered Office : |
Unit 2, 22 Gardiner Avenue St Morris South Australia 5068 |
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Country : |
Australia |
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Date of Incorporation : |
13.03.2012 |
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Com. Reg. No.: |
156222276 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of computer peripheral products |
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No. of Employees : |
Mr. Yan Sun is the only director and employee of the Subject |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Reported as 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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.
Source
: CIA
Verified Address
Subject name : AEROCOOL
AUSTRALIA PTY LTD
Business address : Unit
5, 214-224 Wellington Road
Town : Clayton
Province : Victoria
Zip/postal code : 3168
Country : Australia
Tel : +61 3 85552094
Email : aerocoolaustralia@gmail.com
Website : www.aerocoolaustralia.com.au
Registered address : Unit
2, 22 Gardiner Avenue
Town : St
Morris
Province : South
Australia
Zip/postal code : 5068
Country : Australia
Executive Summary
Date founded or registered : 13/03/2012
Legal form : Australian
Proprietary Company
Chief executive : Yan
Sun
Issued & paid up capital : AUD
100
Line of business :
Import and distribution of computer peripheral products.
Staff employed :
Mr. Yan Sun is the only director and employee of the Subject
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is in start-up phase
Management experience : Management is inadequately experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is acceptable
Detrimental : No detrimental found
Payment history : No payment
delays noted
Credit amount suggestion : Fully secured terms.
Credit amount asked : Not
described.
Comments : It is
strictly advisable to conduct business dealing on prepayment or L/C basis
due to the Subject
recent date of establishment.
Registry Data
Registration date : 13/03/2012
Legal form : Australian
Proprietary Company
Registration no Australia
Company Number: 156222276
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australia
Business Number: 56156222276
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Yan Sun
Designation : Managing Director
Appointments
Name : Yan
Sun
Designation : Director
and Company Secretary
Appointment date : 12/07/12
Address : Unit
2, 22 Gardiner Avenue
St Morris, SA 5068
Australia
Biography : Born
on 02-02-1987 in China.
Staff employed : Mr. Yan
Sun is the only director and employee of the Subject
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 : Yan Sun
Address : Unit
2, 22 Gardiner Avenue
St Morris, SA 5068
Australia
No. of shares : 100
Ordinary Shares
% of shares : 100%
Structure
Related companies and corporateaffiliations comments: None reported.
Bank Details
Name of bank : Westpac
Banking Corporation
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
Comments : Due to the
Subject’s recent date of establishment, financial information is not available.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
Main activities : The
Subject is engaged in import and distribution of computer peripheral
products.
Product & services : Computer
cooling products
PC case
Power supply
Mouse pad
Mouse
Fan
Multi-function control panel
Keyboard
Headset
Purchases
International : Taiwan,
China
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The
Subject operates from premises located at the verified heading
address consisting of a administrative
office and warehouse.
Branches : None
reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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, Telegraphic transfer, Credit 30 days
Sales Term
Local : Prepayment, Bank transfer, Credit 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.37 |
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|
1 |
Rs.82.07 |
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Euro |
1 |
Rs.70.03 |
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 |
-- |
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.