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Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
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Name : |
GLOBE CONSULTANCY SERVICES
PTY LTD |
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|
|
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Registered Office : |
14 Dragonfly Street, The
Ponds, New South Wales 2769 |
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Country : |
Australia |
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Date of Incorporation : |
25.11.2008 |
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Com. Reg. No.: |
134341638 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
The Subject's activities
can't be determined |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source
: CIA |
Verified Address
Subject name : GLOBE CONSULTANCY
SERVICES PTY LTD
Business address : 14 Dragonfly Street
Town : The Ponds
Province : New South Wales
Zip/postal code : 2769
Country : Australia
Tel : N/A
Fax : N/A
Registered address : 14 Dragonfly Street
Town : The Ponds
Province : New South Wales
Zip/postal code : 2769
Country : Australia
Comments : The Subject is
not registered as a phone user locally. We are unable to obtain
any contact number
for the Subject and its director. The operating address 14
Dragonfly Street,
The Ponds, NSW 2769, Australia is also the residential
premises of the
director.
Executive Summary
Date founded or registered : 25/11/2008
Legal form :
Australian Proprietary Company
Chief executive : Neeraj
Sharma
Issued & paid up capital : AUD 20
Line of business : The
Subject's activities can't be determined.
Staff employed : Mr. Neeraj
Sharma is the only director and employee of the Subject
CREDIT RISK OPINION
Country risk : Country risk is
minimal
Operation trend : Operational trend is
undetermined
Management experience : Management is modestly experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is
acceptable
Detrimental : Some detrimental found
Payment history : Payment punctuality is
undetermined
Credit amount suggestion : Fully secured terms.
Comments :
It is strictly advisable not to conduct any business dealing with the Subject
as
we are unable to identify the location and
existence of the Subject.
Registry Data
Registration date : 25/11/2008
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 134341638
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 32134341638
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Neeraj Sharma
Designation : Managing Director
Appointments
Name :
Neeraj Sharma
Designation : Director
Appointment date : 25/11/08
Address : 14 Dragonfly Street
The Ponds, NSW 2769
Australia
Biography : Born on 21/06/1980 in
Una, India.
Name : Ranjana Sharma
Designation : Company Secretary
Appointment date : 25/11/08
Address : 14
Dragonfly Street
The Ponds, NSW 2769
Australia
Biography : Born on 03/12/1979 in
Delhi, India.
Staff employed : Mr. Neeraj Sharma is the only
director and employee of the Subject
Composition
Authorized Capital : AUD 20
No of shares : 20 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 20
Paid up capital : AUD 20
How listed : Full List
Composition
Shareholder name : Neeraj Sharma
Address : 14 Dragonfly Street
The Ponds, NSW 2769
Australia
No. of shares : 10 Ordinary Shares
% of shares : 50%
Shareholder name : Ranjana Sharma
Address : 14 Dragonfly Street
The Ponds, NSW 2769
Australia
No. of shares : 10 Ordinary
Shares
% of shares : 50%
Structure
Related companies and corporate
affiliations comments : None reported.
Mortgages : None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None
reported.
Tax liens :
None reported.
Others : None reported.
Description
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 $12.5 million, and
-The company and any entities
it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject's activities can't
be determined.
Purchases
Local : None reported.
International : None reported.
Sales
Local : None reported.
International : None reported.
Property & Assets
Premises : The Subject does not operate from a physical
office in Australia and the
heading address
belongs to the residential premises of the director.
Branches : None reported.
Gross Domestic Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange
& gold : US$ 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 : None
International :
None
Sales Term
Local : None
International : None
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.
Investigation Note
Sources : Official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
UK Pound |
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.