|
Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASR INVESTMENTS (AUSTRALIA) PTY LTD |
|
|
|
|
Registered Office : |
267 Scarborough
Beach Road Mount Hawthorn Western Australia 6016 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
19.01.2011 |
|
|
|
|
Legal Form : |
Australian
Proprietary Company |
|
|
|
|
Line of Business : |
Import,
distribution and retail sales of floor tiles, wall tiles, bathroom tiles, and
outdoor tiles. |
|
|
|
|
No. of Employees : |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 :
ASR INVESTMENTS
(AUSTRALIA) PTY LTD
Other style /
Business name : HOUSE OF CERAMICS
Business
address : 267
Scarborough Beach Road
Town : Mount
Hawthorn
Province : Western
Australia
Zip/postal
code : 6016
Country : Australia
Tel : +61 8 94433111
Fax : +61 8
94433053
Email : admin@houseofceramics.com.au
Website : www.houseofceramics.com.au
Registered
address : C/o BM&Y
ACCOUNTANTS PTY LTD
230 Rokeby Road
Town : Subiaco
Province : Western Australia
Zip/postal code : 6008
Country : Australia
Executive Summary
Date founded
or registered : 19/01/2011
Legal form : Australian
Proprietary Company
Chief
executive : Anil
Rajinder Nath Mehta
Issued &
paid up capital : AUD 2
Sales turnover
: AUD 2,200,000
(Estimated Non-Consolidated 12 months, 30/06/2013)
Line of
business : Import,
distribution and retail sales of floor tiles, wall tiles, bathroom tiles, and
outdoor tiles.
Staff employed
: 6 employees
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 fair
Organization
structure : Organizational
structure is acceptable
Detrimental : No detrimental found
Payment
history : No
payment delays noted
Registry Data
Registration
date : 19/01/2011
Legal form : Australian
Proprietary Company
Registration
no Australian Company Number: 148871596
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australian Business Number:
23168878858
Registry
status : Live/Active
Previous name
: None
reported.
Change of
legal form : None
reported.
Other
registration :
HOUSE OF CERAMICS is a business name owned by the Subject registered on
09/08/2004 under business registration no: BN10067875.
Key Management
Name : Anil Rajinder Nath
Mehta
Designation : Managing Director
Appointments
Name : Anil Rajinder Nath
Mehta
Designation : Director
Appointment
date : 19/01/11
Address : 14 Tulum Approach
Iluka, WA 6028
Australia
Biography : Born on 30-12-1964 in India.
Name : Anupama Mehta
Designation : Director
Appointment
date : 19/01/11
Address : 14 Tulum Approach
Iluka, WA 6028
Australia
Biography : Born on 17-09-1969 in India.
Staff employed
: 6 employees
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 : Anil Rajinder Nath Mehta
Address : 14 Tulum Approach
Iluka, WA 6028
Australia
No. of shares
: 1 Ordinary Share
% of shares : 50%
Shareholder
name : Anupama Mehta
Address : 14 Tulum Approach
Iluka, WA 6028
Australia
No. of shares
: 1 Ordinary Share
% of shares : 50%
Structure
Related
companies and corporate
affiliations
comments : None
reported.
Bank Details
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.
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 1.07 as of 03-10-2013
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 : 2,200,000
Comments : The
estimated turnover was provided by Mr. Anil Rajinder Nath Mehta.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year.
Main
activities : The
Subject engages in import, distribution and retail sales of floor tiles,
wall tiles, bathroom tiles, and outdoor
tiles.
Product &
services : Porcelain
Tiles
Polished Porcelain Tiles
Glazed Porcelain Tiles
Travertine Tiles
Ceramic Tiles
Natural Stone
Mosaic Tiles
Outdoor Tiles
Purchases
International
: China,
Thailand, Taiwan, Italy, Spain, Indonesia
Sales
Local : Yes
International
: No exports.
Property & Assets
Premises : The Subject
operates from the verified heading address consisting of a
showroom, warehouse and an administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank :
Reserve
Bank of Australia
Reserve of
foreign exchange & gold : US$
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)
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,
D/P, Credit 30-60 days
Sales Term
Local : Cash, Credit card, Bank
transfer, Credit 30-60 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.61.93 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
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.