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Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
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Name : |
POLKANCHI, VINOD |
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|
|
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Registered Office : |
11 Rattray
Court Altona Meadows Victoria 3028 |
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Country : |
Australia |
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Date of Incorporation : |
07.04.2009 |
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Com. Reg. No.: |
16329713194 |
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Legal Form : |
Sole
Proprietorship |
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|
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Line of Business : |
Import,
distribution and retail sales of packaging products, party supplies,
tableware and kitchenware. |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 :
POLKANCHI, VINOD
Other style /
Business name : YESV TRANSPORT / YESV
PACKAGING
Business
address : Factory 3,
1-3 Kilmur Road
Town : Hoppers
Crossing
Province : Victoria
Zip/postal
code : 3029
Country : Australia
Tel : +61 3
83607711
Fax : +61 3
83607722
Email : vinod@yesv.com.au
Website : www.yesv.com.au
Registered
address : 11 Rattray
Court
Town : Altona
Meadows
Province : Victoria
Zip/postal
code : 3028
Country : Australia
Executive Summary
Date founded
or registered : 07/04/2009
Legal form : Sole
Proprietorship
Chief
executive : Vinod
Reddy Polkanchi
Issued &
paid up capital : Not required
Line of business : Import, distribution and
retail sales of packaging products, party supplies, tableware and kitchenware.
Staff employed
: Director are the
only employee of the Subject
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
Credit amount
asked : Not described.
Registry Data
Registration
date : 07/04/2009
Legal form : Sole
Proprietorship
Registration
no Australian Business Number: 16329713194
Registered
authority : Australian
Business Register (ABR)
Registry
status : Live/Active
Previous name
: POLKANCHI,
VINOD REDDY (until 23-04-2012)
Change of
legal form : None
reported.
Other registration :
YESV PACKAGING
is a business name owned by the Subject registered on 08/04/2009 under business
registration no: B2174494Y.
YESV TRANSPORT
is a business name owned by the Subject registered on 17/08/2009 under business
registration no: B2210390W.
Key Management
Name : Vinod Reddy Polkanchi
Designation : Managing Proprietor
Appointments
Name : Vinod
Reddy Polkanchi
Designation : Proprietor
Appointment
date : 07/04/09
Address : 11 Rattray Court
Altona Meadows, VIC 3028
Australia
Staff employed
: Director are the only
employee of the Subject
Composition
Authorized
Capital : Not required
Issued capital
: Not required
Paid up
capital : Not required
How listed : Full List
Composition
Shareholder
name : Vinod Reddy Polkanchi
Address : 11 Rattray Court
Altona Meadows, VIC 3028
Australia
% of shares : 100%
Structure
Related
companies and corporate affiliations comments : None reported.
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 : Sole Proprietorship in Australia is not
required to reveal their financial information
to the public.
Main
activities : The Subject
engages in import, distribution and retail sales of packaging
products, party supplies, tableware and kitchenware.
The Subject's products are sold online through www.yesv.com.au.
Product & services : Paper Towels
Disposable nappies
Tissues
Tableware
Napkins
Sugarcane Plates
Wooden Cutlery
Party Supplies
Heat Sealers
Invoice Enclosed Envelop
Tape Dispenser
Tape
Kitchen products:
Cling Wrap
Foil Rolls
Garbage Bags
Gloves
Greaseproof Rolls
Kitchen Tidy Bags
Meal Trays
Plastic Table Clothes
Food Catering products:
Baking Paper Rolls
Cups
Cupcakes
Drinking Strawas
Foil Wrap
Grease Proof Bags
Garbage Bags
Gloves
Docket Books
Patty Papers
Plastic Plates
Plastic Stirrers
Tableware
Sho Bowls
Bags products:
White Paper Bags
Twist Handle Bags
Singlet Bags
Ploy Prop Bags
Plastic_Bags
Plastic_Containers
Paper handle Bags
Glassine Bags
Gift Bags
Brown Paper Bags
Cake Boxes
Foil Lined Bags
Purchases
International
: Mainly from China, India
Sales
Local : Yes
International
: No exports.
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 &
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%
Purchase Term
International
: Telegraphic transfer, Prepayment, Credit 30 days
Sales Term
Local : Credit
card, Prepayment, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.