MIRA INFORM REPORT
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Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
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Name : |
FUJI SYSTEMS PTY. LTD. |
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Registered Office : |
234 Albert Road, South
Melbourne, Victoria, Zip/postal code 3205 |
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Country : |
Australia |
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Date of Incorporation : |
14.03.2013 |
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Com. Reg. No.: |
162836571 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Supplier of industrial
equipment and machinery |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 – 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, 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 : FUJI SYSTEMS PTY. LTD.
Business address : Level 1, 58 Parramatta Road
Town : Glebe
Province : New South Wales
Zip/postal code : 2037
Country : Australia
Tel : +61 2 96607114
Fax : +61 2 96601447
Website : www.fujisystems.com
Registered address : 234 Albert Road
Town : South Melbourne
Province : Victoria
Zip/postal code : 3205
Country : Australia
Executive Summary
Date founded or registered : 14/03/2013
Legal form : Australian
Proprietary Company
Chief executive : Hashmukh Rye
Issued & paid up capital
: AUD 120
Line of business : Supplier of industrial
equipment and machinery.
Staff employed : 5 employees
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
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 : 14/03/2013
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 162836571
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 12162836571
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Hashmukh Rye
Designation : Managing Director
Appointments
Name : Gethcy Cordelia George
Gnana Pragasam
Designation : Director
Appointment date : 14/03/13
Address : Unit 11, 411 Toorak Road
South
Yarra, VIC 3141
Australia
Biography : Born on 04-10-1987 in India.
Name : Hashmukh Rye
Designation : Director
Appointment date : 14/03/13
Address : Unit 11, 411 Toorak Road
South
Yarra, VIC 3141
Australia
Biography : Born on 04-02-1980 in
Kampala, Uganda.
Staff employed : 5 employees
Composition
Authorized Capital : AUD 120
No of shares : 120 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 120
Paid up capital : AUD
120
How listed : Full List
Composition
Shareholder name : Hashmukh Rye
Address : Unit 11, 411 Toorak Road
South
Yarra, VIC 3141
Australia
No. of shares : 120 Ordinary Shares
% of shares : 100%
Structure
Name : ACOM SYSTEMS LIMITED
Affiliation type : Sister Company
Address : 19-21 Greenpark Road
Penrose,
Auckland 1061
New
Zealand
Name : KIRAN ELECTRONICS
LIMITED
Affiliation type : Sister Company
Address : 19-21 Greenpark Road
Penrose,
Auckland 1061
New
Zealand
Name : MAGDRIVE TECHNOLOGY
LIMITED
Affiliation type : Sister Company
Address : 19-21 Greenpark Road
Penrose,
Auckland 1061
New
Zealand
Name : HISLOP & BARLEY
ELECTRICAL LIMITED
Affiliation type : Sister Company
Address : 19-21 Greenpark Road
Penrose,
Auckland 1061
New
Zealand
Name : SENSORTECH TECHNOLOGY
LIMITED
Affiliation type : Sister Company
Address : 19-21 Greenpark 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 : 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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages as supplier of
industrial equipment and machinery.
Purchases
International : Planning to import from Hong
Kong, China, United Kingdom
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from
premises at the verified heading address
consisting
of an administrative office.
Branches : In addition, the Subject
operates from branch office located at:
234 Albert
Road
South
Melbourne, VIC 3205
Australia
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 2009: 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 : Cash, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.24 |
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UK Pound |
1 |
Rs.84.30 |
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Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
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.