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Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
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Name : |
SEKTOR DISTRIBUTORS PTY LIMITED |
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Registered Office : |
C/o GOODWIN CHIVAS & CO Suite 401, Level 4 29-31 Solent Circuit Baulkham Hills New South Wales 2153 |
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Country : |
Australia |
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Date of Incorporation : |
25.11.2009 |
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Com. Reg. No.: |
140763417 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of retail technology and mobility products. |
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No. of Employees : |
20 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually 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 |
|
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 : SEKTOR DISTRIBUTORS PTY LIMITED
Business address :
Unit 3, 14 Tennyson Road
Town : Gladesville
Province : New South Wales
Zip/postal code : 2111
Country : Australia
Tel : +61 2 99471555
Fax : +61 2 99471599
Email : sales@sektor.com.au
Website : www.sektor.com.au
Registered address
: C/o GOODWIN CHIVAS & CO
Suite 401, Level 4
29-31 Solent Circuit
Town : Baulkham Hills
Province : New South Wales
Zip/postal code : 2153
Country : Australia
Postal address : P.O. Box 461
Town : Gladesville
Province : New South Wales
Zip/postal code : 1675
Country : Australia
Executive Summary
Date founded or
registered : 25/11/2009
Legal form : Australian
Proprietary Company
Chief executive : Cameron Allen Arnold
Issued & paid
up capital : AUD 100
Line of business :
Import &
distribution of retail technology and mobility products.
Staff employed : 20 employees
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 undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 25/11/2009
Legal form : Australian
Proprietary Company
Registration no Australia Company
Number: 140763417
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australia Business
Number: 54140763417
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Cameron Allen Arnold
Designation : General Manager
Name : Scott Pirret
Designation : Business Development Manager
Name : Karl Brown
Designation : Business Development Manager
Appointments
Name : John Evelyn Warren
Designation : Director and Company Secretary
Appointment date :
25/11/09
Address : 2B/24 Domain Drive
Parnell, Auckland 1052
New Zealand
Biography : Born on 25-11-1949 in New
Zealand.
Name : Cameron Allen Arnold
Designation : Director and Company Secretary
Appointment date :
10/05/10
Address : 23 Heath Street
Rodd Point, NSW 2046
Australia
Biography : Born on 26-03-1975 in Sydney,
New South Wales, Australia.
Name : Michael Dennis Bryan
Designation : Director
Appointment date :
10/05/10
Address : 8 Wynsfield Garden
St Heliers, Auckland 1071
New Zealand
Biography : Born on 02-03-1958 in Kent,
United Kingdom.
Name : Andre Leslie van Duiven
Designation : Director
Appointment date :
10/05/10
Address : 3/39 Hawera Road
Kohimarama, Auckland 1071
New Zealand
Biography : Born on 06-11-1963 in
Christchurch, New Zealand.
Name : Rhys Anthony Warren
Designation : Director
Appointment date :
10/05/10
Address : 79 Epsom Avenue
Epsom, Auckland 1023
New Zealand
Biography : Born on 03-11-1975 in
Auckland, New Zealand.
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 :
SEKTOR INVESTMENTS LIMITED
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
No. of shares : 100 Ordinary Shares
% of shares : 100%
Structure
Name : SEKTOR HOLDINGS LIMITED
Affiliation type :
Ultimate Holding
Company
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
Name : SEKTOR INVESTMENTS
LIMITED
Affiliation type :
Parent Company
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
Name : SEKTOR DISTRIBUTORS
LIMITED
Affiliation type :
Sister Company
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
Name : SEKTOR SECURITY LIMITED
Affiliation type :
Sister Company
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
Name : SEKTOR PAYMENTS LIMITED
Affiliation type :
Sister Company
Address : 525 Great South Road
Penrose, Auckland 1061
New Zealand
Bank Details
Name of bank : Australia And New Zealand Banking
Group 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 : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
Description
Comments : The representative contacted Mr. Cameron
Allen Arnold 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject is engaged
in import & distribution of retail technology and
mobility products.
Product &
services : Barcode Scanners
Cables
Cash Drawers
Kiosk Printers
Label Printers
Digital Displays
LCD Monitors
Keyboards
Mobile Computing
POS PC
POS Peripherals
Receipt Printers
Software
Touch Monitors
Touch Terminals
Mobile PDT
Handheld PDAs
Brand : Datalogic
Honeywell
Widefly
HP
Panasonic
TIPRO
VPOS
Zebra Technologies
Intermec
Cubetape
Calibor
Aerohive
Cherry
EBN
EPSON
Purchases
International :
United States, Japan, China, Taiwan, South Korea, Europe
Sales
Local : Yes
International : No
exports.
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of a warehouse and administrative office.
Branches : In addition, the Subject operates from
branch offices located at:
Suite 28, Level 13
401 Docklands Drive
Docklands, VIC 3008
Australia
26 Stiles Avenue
Burswood, WA 6100
Australia
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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, Telegraphic transfer, Credit 30-60 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-60 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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
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 |
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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 |
|
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 |
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<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.