MIRA
INFORM REPORT
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Report Date : |
22.11.2013 |
IDENTIFICATION DETAILS
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Name : |
GREENHILL INTERNATIONAL PTY LTD |
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Registered Office : |
C/o WILLIAM BUCK (SA) PTY LTD Level 6, 211 Victoria Square, Adelaide, South Australia 5000 |
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Country : |
Australia |
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Date of Incorporation : |
16.09.1999 |
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Com. Reg. No.: |
089583193 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Exporter of waste paper, pulp and paper products. |
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No. of Employees : |
6 employees including director |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
IDENTIFICATION DETAILS
Verified Address
Subject name : GREENHILL
INTERNATIONAL PTY LTD
Business address : Suite
F-2, 147 Ward Street
Town : North
Adelaide
Province : South
Australia
Zip/postal code : 5006
Country : Australia
Tel : +61
8 82390484
Fax : +61
8 82390643
Email : info@greenhillinternational.com
Website : www.greenhillinternational.com
Registered address : C/o
WILLIAM BUCK (SA) PTY LTD
Level 6, 211
Victoria Square
Town : Adelaide
Province : South
Australia
Zip/postal code : 5000
Country : Australia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 16/09/1999
Legal form : Australian
Proprietary Company
Chief executive : Navas
Khan Mohammed Basheer
Issued & paid up capital : AUD
73
Sales turnover : AUD
16,000,000 (Estimated Non-Consolidated 12 months, 30/06/2013)
Line of business : Exporter
of waste paper, pulp and paper products.
Staff employed : 6
employees including director
CREDIT RISK OPINION
Company Analysis
Country risk :
Country risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is reasonably experienced
Financial performance : Financial
performance is fair
Organization structure :
Organizational structure is stable
Detrimental : No detrimental found
Payment history : No
payment delays noted
STATUTORY DETAILS
Registry Data
Registration date : 16/09/1999
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 089583193
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 44089583193
Registry status : Live/Active
Previous name :
None reported.
Change of legal form : None
reported.
Other registration
: VALLEY
VIEW INTERNATIONAL TRADING AND RECYCLING is a business name owned by the
Subject registered on 15/11/2006 under business registration no: BN04675058.
NAVANARA INTERNATIONAL TRADING is a business
name owned by the Subject registered on 16/07/2009 under business registration
no: BN05012478.
MANAGEMENT / DIRECTORS
Key Management
Name : Navas
Khan Mohammed Basheer
Designation : Managing
Director
BOARD OF DIRECTORS/ OTHER
APPOINTMENTS
Appointments
Name : Navas
Khan Mohammed Basheer
Designation : Director
and Company Secretary
Appointment date : 16/09/99
Address : 36
Cornell Avenue
Valley View, SA 5093
Australia
Biography : Born
on 31-05-1969 in India.
Staff employed : 6
employees including director
SHARE CAPITAL
Composition
Authorized Capital : AUD 73
No of shares : 73
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
73
Paid up capital : AUD
73
OWNERSHIP / SHAREHOLDERS
How listed : Full
List
Composition
Shareholder name : Aboobaker
Kunju Muhammed Basheer
Address :
India
No. of shares : 18
Ordinary Shares
Shareholder name : Arifabeevi
Muhammed Basheer
Address :
India
No. of shares : 18
Ordinary Shares
Shareholder name : Navas
Khan Mohammed Basheer
Address : 36
Cornell Avenue
Valley View, SA 5093
Australia
No. of shares : 37
Ordinary Shares
RELATED COMPANIES & CORPORATE AFFILIATIONS
Structure
Related companies and corporate affiliations comments : None reported.
BANK & MORTGAGES
Bank Details
Name of bank : Australia
and New Zealand Banking Group Limited
Address : Australia
Account details : Current
Account
Name of bank : HSBC
Bank Australia
Address : Australia
Account details : Current
Account
Name of bank : Commonwealth
Bank of Australia
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.
FINANCIAL
DATA
Description
Source of financial statement :
Provided by the Subject
Financial statement date :
30/06/13
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 1.06 as of 18-11-2013
Summarized
Financial Information
Consolidation type :
Non Consolidated
Currency : Australia
Dollar (AUD)
Denomination :
(x1) One
Date of financial year end : 30/06/13
Length of accounts : 12
months
Sale turnover / Income : 16,000,000
Comments : The
estimated turnover was provided by Mr. Navas Khan Mohammed Basheer.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
OPERATION DETAILS
Main activities : The
Subject engages in export of waste paper, pulp and paper products.
Product & services : Waste
paper
Pulp
Paper products
Purchases
Local : Yes
International :
None reported.
Sales
Local : None
reported.
International : Nigeria, South Africa,
Tanzania, China, Malaysia, Singapore, Thailand, Taiwan, Vietnam, India,
Pakistan, Sri Lanka, United States, Europe
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of an administrative office.
Branches : None
reported.
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 46.714 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 : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate : 2010:
5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross debt as
a % GDP): 2010:
20.4%
2011: 22.9%
2012: 24%
Government bond ratings : Standard
& Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares : US$1.198 trillion
Largest companies
in the country : Qantas Airways
(Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal Services),Crown Ltd (Casinos &
Gaming), Amcor (Containers & Packaging),Suncorp-Metway (Diversified
Insurance), BHP Billiton (Diversified Metals & Mining),Newcrest Mining
(Diversified Metals & Mining), Orica (Diversified Metals & Mining),
Iluka
Resources(Diversified Metals & Mining), Origin Energy (Electric
Utilities),
AGL Energy (Electric Utilities), Wesfarmers (Food Retail), Woolworths
(Food Retail), Metcash (Food Retail), Macquarie Group (Investment
services), AMP (Investment services), Challenger Ltd (Investment
services), Fortescue Metals Group (Iron & Steel), Bluescope Steel
(Iron & Steel), Commonwealth Bank (Major Banks), Westpac Banking Group
(Major Banks), National Australia Bank (Major Banks), ANZ (Major Banks),
Woodside Petroleum (Oil & Gas Operations), Santos (Oil & Gas
Operations), Caltex Australia (Oil & Gas Operations), WorleyParsons
(Oil
Services & Equipment), Toll Holdings (Other Transportation),
Transurban
Group (Other Transportation), QBE Insurance Group (Property &
Casualty Insurance), Insurance Australia Group (Property & Casualty
Insurance), QR National (Railroads), Westfield Group (Real Estate),
Stockland Australia (Real Estate),
Westfield Retail Trust (Real Estate), Lend Lease (Real Estate), CFS Retail
Property Trust (Real Estate), Goodman Group (Real Estate), Bendigo &
Adelaide Bank (Regional Banks), Bank of Queensland (Regional Banks), Incitec
Pivot (Specialized Chemicals), Telstra (Telecommunications Services)
Trade &
Competitiveness Overview
Total exports : US$263.9
billion
Exports
commodities : Coal,
iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Total imports : US$239.7
billion
Imports
commodities : Machinery
and transport equipment, computers and office machines, telecommunication
equipment and parts; crude oil and petroleum products
Export - major partners : China
27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Import - major partners :
China 18.5%, US 11.4%, Japan
7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009:
US$26,554 million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows : 2009: US$16,693
million
2010: US$12,791 million
2011: US$19,999 million
Best countries for doing business : 10
out of 185 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 22.68
million
Total area : 7,692,024
km2
Capital : Canberra
Currency : Australian
dollars (AUD)
Internet users as % of total
Population :
79%
PAYMENT HISTORY
Purchase Term
Local : Bank
transfer, D/P, Prepayment, Credit 30-90 days
Sales Term
International : Telegraphic
transfer, L/C, Prepayment, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.89 |
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1 |
Rs.101.14 |
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Euro |
1 |
Rs.84.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.