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Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
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Name : |
DPSS HOLDINGS PTY LTD |
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Formerly Known As : |
D.P. SOURCING SOLUTIONS PTY
LTD |
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Registered Office : |
C/o Lawrence Arthur Cook 63 Beamish Avenue,
Brentwood, Western Australia, Zip/postal code 6153 |
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Country : |
Australia |
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Date of Incorporation : |
22.04.2003 |
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Com. Reg. No.: |
104474008 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is an investment holding company and through its
subsidiary engages in import, distribution and
retail sales of automotive parts, accessories, tools and outdoor leisure
products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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.
|
Source : CIA |
Verified Address
Subject name : DPSS HOLDINGS PTY LTD
Business address : 92 Irvine Drive
Town : Malaga
Province : Western Australia
Zip/postal code : 6090
Country : Australia
Tel : +61 8 92484988
Fax : +61 8 92484788
Email : info@malz.com.au
Website : www.malz.com.au
Registered address : C/o Lawrence Arthur Cook
63 Beamish Avenue
Town : Brentwood
Province : Western Australia
Zip/postal code : 6153
Country : Australia
Postal address : P.O. Box 2700
Town : Malaga
Province : Western Australia
Zip/postal code : 6944
Country : Australia
Comments : The representative contacted Mr. Michael Anthony
Della-Polina advised that the Subject
is a non trading entity. The Subject’s current
activity is investment holding company. The current trading entity is DP
SOURCING SOLUTIONS PTY LTD under the Australian Company Number: 110762046 and
Australian Business Number: 21110762046.
Executive Summary
Date founded or registered : 22/04/2003
Legal form : Australian
Proprietary Company
Chief executive : Michael Anthony
Della-Polina
Issued & paid up capital
: AUD 2
Line of business : Investment holding
company.
Staff employed : Nil
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 poor
Organization structure : Organizational structure is
acceptable
Detrimental : No detrimental found
Payment history : Payment punctuality is
undetermined
Registry Data
Registration date : 22/04/2003
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
104474008
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
24201128732
Registry status : Live/Active
Previous name : D.P. SOURCING SOLUTIONS PTY LTD
CASCADE ASSET PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : Michael Anthony
Della-Polina
Designation : Managing Director
Appointments
Name : Michael Anthony
Della-Polina
Designation : Director
Appointment date : 23/04/03
Address : Unit C, 109 Abbett Street
Scarborough,
WA 6019
Australia
Biography : Born on 14-08-1974 in Perth,
Western Australia, Australia.
Name : Raymond Lui
Della-Polina
Designation : Director and Company Secretary
Appointment date : 23/04/03
Address : Unit 406, 170 The
Esplanade
Scarborough,
WA 6019
Australia
Biography : Born on 17-11-1939 in Bridgetown,
Western Australia, Australia.
Staff employed : Nil
Composition
Authorized Capital : AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
How listed : Full List
Composition
Shareholder name : Michael Anthony Della-Polina
Address : Unit C, 109 Abbett Street
Scarborough,
WA 6019
Australia
No. of shares : 1 Ordinary Share
% of
shares : 50%
Shareholder name : Raymond Lui Della-Polina
Address :
Unit 406, 170 The Esplanade
Scarborough,
WA 6019
Australia
No. of
shares : 1 Ordinary Share
% of
shares : 50%
Structure
Name : DP SOURCING SOLUTIONS PTY LTD
Affiliation type : Subsidiary
Address : 92 Irvine Drive
Malaga, WA
6090
Australia
Comments : DP Sourcing Solutions Pty Ltd
(DPSS) owns 4 Motoring & Leisure Zone (MALZ)
retail
outlets in Australia.
MALZ is a
retailer of automotive parts, accessories, tools, equipment, leisure items
& associated products.
Bank Details
Name of bank : National Australia Bank 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. Michael Anthony Della-Polina advised that the
Subject is a non trading entity hence the Subject does not generate
any income.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities : The Subject is an investment
holding company and through its subsidiary
engages in
import, distribution and retail sales of automotive parts,
accessories,
tools and outdoor leisure products.
Purchases
Local : None reported.
International : None reported.
Sales
Local : None reported.
International : None reported.
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a
warehouse and an administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 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 &
aming), 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%
AY
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 : Interviews and material
provided by the Subject
Other official
and local business sources
NT HISTORY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
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UK Pound |
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.98 |
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.