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Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ECOTECH PTY. LTD. |
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Formerly Known as: |
WATTLE GRACE PTY. LTD. |
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Registered Office : |
1492
Ferntree Gully Road, Knoxfield, Victoria, Zip/postal code 3180 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
12.12.1980 |
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Com. Reg. No.: |
005752081 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Design, manufacturing and
distribution of ambient air, emission and blast monitoring systems |
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No. of Employees : |
118
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 : |
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
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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 :
ECOTECH PTY. LTD.
Business
address : 1492 Ferntree Gully Road
Town : Knoxfield
Province : Victoria
Zip/postal
code : 3180
Country : Australia
Tel : +61 3 97307800
Fax : +61 3 97307899
Email : info@ecotech.com.au
Website : www.ecotech.com.au
Registered
address : 1492 Ferntree Gully Road
Town : Knoxfield
Province : Victoria
Zip/postal
code : 3180
Country : Australia
Executive Summary
Date founded
or registered : 12/12/1980
Legal form : Australian
Proprietary Company
Chief
executive : Robert
Giovanni Dal Sasso
Issued &
paid up capital : AUD 12
Sales turnover
: AUD 26,010,386
(Non-Consolidated 12 months, 30/06/2011)
Net income AUD 2,023,974
(Non-Consolidated 12 months, 30/06/2011)
Total fixed
assets : AUD 17,089,312
(Non-Consolidated 12 months, 30/06/2011)
Line of
business Design,
manufacturing and distribution of ambient air, emission and blast
monitoring systems.
Staff employed
: 118 employees
Company Analysis
Country risk :
Country risk
is minimal
Operation
trend : Operational
trend is progressing
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is good
Organization
structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 12/12/1980
Legal form : Australian Proprietary Company
Registration
no Australian Company Number:
005752081
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no
: Australian Business Number:
32005752081
Registry
status : Live/Active
Previous name
: WATTLE GRACE PTY. LTD.
(initial)
Change of
legal form : None reported.
Key Management
Name : Robert Giovanni Dal Sasso
Designation : Managing Director
Name : Hemal Bavishi
Designation : Chief Financial Officer
Appointments
Name : Judith Elizabeth Dal
Sasso
Designation : Director and Company Secretary
Appointment
date : 12/12/80
Address : Unit 16, 12 Copelen Street
South Yarra, VIC 3141
Australia
Biography : Born on 22-02-1944 in Hungary.
Name : Robert Giovanni Dal
Sasso
Designation : Director
Appointment
date : 12/12/80
Address : Unit 16, 12 Copelen Street
South Yarra, VIC 3141
Australia
Biography : Born on 01-10-1940 in Italy.
Staff employed : 118 employees
Key Advisors
Auditors : WEBB CALLAWAY PATON
381 Tooronga Road
Hawthorn East, VIC 3123
Australia
Composition
Authorized
Capital : AUD 12
No of shares :
12 Ordinary Shares
Share par
value : AUD 1
Issued capital
: AUD 12
Paid up capital : AUD
12
How listed : Full List
Composition
Shareholder
name : Judith Elizabeth Dal Sasso
Address : Unit 16, 12 Copelen Street
South Yarra, VIC 3141
Australia
No. of shares
: 6 Ordinary Shares
% of shares : 50%
Shareholder
name : Robert Giovanni Dal Sasso
Address : Unit 16, 12 Copelen Street
South Yarra, VIC 3141
Australia
No. of shares
: 6 Ordinary Shares
% of shares : 50%
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 : Commercial
Registry Filings
Financial
statement date : 30/06/11
Type of
accounts : Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate
: 1
USD = AUD 1.02 as of 16-05-2013
Summarized
Financial Information
Consolidation
type : Non
Consolidated Non
Consolidated
Currency : Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination :
(x1)
One
(x1) One
Date of
financial year end : 30/06/11
30/06/10
Length of
accounts : 12
months 12
months
Sale turnover
/ Income : 26,010,386
21,719,319
Profit before
tax : 2,110,075
924,084
Net income : 2,023,974
652,559
Non current
assets : 5,645,377
3,695,553
Current assets
: 11,443,935 9,002,804
Inventories : 4,804,525 3,891,575
Total assets :
17,089,312
12,698,357
Current
liabilities : 4,057,259 2,557,914
Non current
liabilities : 1,985,619
516,498
Total
liabilities :
6,042,878 3,074,412
Share equity :
11,046,434
9,623,945
Retained
earning : 11,046,422
9,623,933
Main
activities : The
Subject engages in designs, manufactures, supplies and maintains
a vast selection of pollution monitoring systems for numerous
applications.
Product range includes ambient air quality monitoring systems,
portable
and fixed site particulate sampling systems, source emissions
monitoring
systems and on-line process gas analysers. The Subject also
supplies gas calibration and diluter systems, water and wastewater samplers,
flow
meters, toxic gas and industrial hygiene monitoring equipment.
Product & services : -
Air monitoring
products:
Ambient gas
analysers
Trace gas
analysers
Hydrocarbon
analysers
Trace
Hydrocarbon Analysers
Greenhouse
gases
Isotopes
Stack gas
analysers
Metal
Analysers
- Particulate and aerosol monitoring products:
Continuous
dust monitors
Dust samplers
Solar powered
dust monitors
Integrating
nephelometers
Personal
monitors
Asbestos
monitors
Aerosol
research instruments
Aerosol
Conditioning Systems
- Emissions Monitoring products:
Extractive
Dilution Monitoring
Open Path
Monitoring System
Combustion
Efficiency Monitors
Opacity/Particulate
Monitors
Portable
Emissions Monitors
Metals
Emission Monitors
- Process monitoring products:
Oxygen
Monitoring
Hydrocarbon
Monitoring
Mercury
Monitoring
Combustion Efficiency
Formaldehyde
Monitoring
Ethylene
Monitoring
Gas Turbine
Filter Monitor
- Water monitoring products:
Water sampling
and analysis instruments
Water quality
analysers
On-line water
monitoring
Water isotope
analysers
Mercury water
analysers
Metals in
water analysers
- Data Acquisition products:
Data Reporting
Software
Data
Acquisition System
Mini Data
Acquisition System
Air Quality
Modeling Software
Data reporting
services
Termination
panel
- Calibration products:
Gas calibrator
Zero air
generator
Thermal
scrubber
Ozone
photometer
- Meteorological visibility monitors and data collection
products:
Visibility
& Present Weather products
Wind Sensor
Calibrations products
Kanomax
instruments
- Integrated Environmental Monitoring Products:
Ambient Air Quality
Monitoring Systems
Trace/background
Air Quality Monitoring Systems
Continuous
Emissions Monitoring Systems
Meteorological
monitoring systems
- Blast Monitoring products
- Research Instruments
Brand :
· ECOTECH
· MSP
· HACH
· TETHYS
· MET ONE
· DEKATI
· OPSIS AB
· MAGEE SCIENTIFIC
· MERCURY INSTRUMENTS
· TELEDYNE ANALYTICAL
· SYNSPEC
· BASELINE
· LAND AMATEK
· ARIZONA INSTRUMENTS
· LOS GATOS RESEARCH
· IONICON
Purchases
International
: Europe, Asia, United
States
Sales
Local : Yes
International
: Worldwide (over 60 countries)
Property &
Assets
Premises : The Subject operates from
premises at the verified heading address
consisting of a production facility, warehouse and
administrative office.
Branches : In addition, the Subject
operates from the following branches:
7 Terrace Place, Metroplex on Gateway
Murarrie, QLD 4172
Australia
Tel: +61 7 33937400
40/65 Marigold Sreet
Revesby, NSW 2212
Australia
Tel: +61 2 87077400
45 Horus Bend, Phoenix Business Park
Bibra Lake, WA 6163
Australia
Tel: +61 8 94347800
Intellectual
property : ISO9001/4801/14001/17025
Certified Company
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
: L/C, Prepayment,
Telegraphic transfer, D/P, Credit 30-90 days
Sales Term
Local : Prepayment, Bank
transfer, D/P, Credit 30-90 days
International
: L/C, Prepayment,
Telegraphic transfer, D/P, 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.54.89 |
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UK Pound |
1 |
Rs.83.66 |
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Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.