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Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ADELAIDE MARBLE SPECIALISTS PTY LTD |
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|
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Registered Office : |
C/o BDO Level 7, 420 King William Street, Adelaide, South Australia 5000 |
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Country : |
Australia |
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Date of Incorporation : |
17.06.1997 |
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Com. Reg. No.: |
078934782 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing and sales of kitchen bench tops as well as distribution
and retail sales of tiles. |
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No. of Employees : |
30 employees |
RATING & COMMENTS
|
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 |
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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 : ADELAIDE
MARBLE SPECIALISTS PTY LTD
Other style / Business name : ADELAIDE
GRANITE / INFORM TILE & STONE / ADELAIDE SOLID
SURFACES / BEYOND
TILES SA / BEYOND TILES PARAFIELD
Business address : 122
South Terrace
Town : Wingfield
Province : South
Australia
Zip/postal code : 5013
Country : Australia
Tel : +61
8 83451842
Fax : +61
8 83451846
Email : enquiries@adelaidemarble.com.au
Website : www.adelaidemarble.com.au
Registered address : C/o
BDO
Level 7, 420 King
William Street
Town : Adelaide
Province : South
Australia
Zip/postal code : 5000
Country : Australia
Executive Summary
Date founded or registered : 17/06/1997
Legal form : Australian
Proprietary Company
Chief executive : John
Miteloudis
Issued & paid up capital : AUD
3
Line of business : Manufacturing
and sales of kitchen bench tops as well as distribution and retail
sales of tiles.
Staff employed : 30
employees
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 undetermined
Organization structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 17/06/1997
Legal form :
Australian Proprietary Company
Registration no Australian Company Number: 078934782
Registered authority : Australian
Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 97078934782
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Other registration
: ADELAIDE
GRANITE is a business name owned by the Subject registered on 24/07/2007 under
business registration no: BN04763592. INFORM TILE & STONE is a business
name owned by the Subject registered on 08/07/2008 under business registration
no: BN04887074.
ADELAIDE SOLID SURFACES is a business name
owned by the Subject registered on 23/03/2009 under business registration no:
BN04974281.
BEYOND TILES SA is a business name owned by
the Subject registered on 23/03/2009 under business registration no:
BN04989326.
BEYOND TILES PARAFIELD is a business name
owned by the Subject registered on 25/05/2011 under business registration no:
BN05279872.
Key Management
Name : John
Miteloudis
Designation : Managing
Director
Appointments
Name : John
Miteloudis
Designation : Director
and Company Secretary
Appointment date : 13/06/05
Address : C/o
ADELAIDE MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born
on 16-05-1977 in Adelaide, South Australia, Australia.
Name : Nick
Miteloudis
Designation :
Director and Company Secretary
Appointment date : 17/06/97
Address : C/o
ADELAIDE MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born
on 08-06-1943 in Agia Paraskevi, Greece.
Name : Spiro
Miteloudis
Designation :
Director
Appointment date : 26/10/09
Address : C/o ADELAIDE MARBLE SPECIALISTS PTY
LTD
122 South Terrace
Wingfield, SA 5013
Australia
Biography : Born
on 31-03-1980 in Nhill, Victoria, Australia.
Staff employed : 30
employees
Composition
Authorized Capital : AUD 3
No of shares : 3
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 3
Paid up capital : AUD 3
How listed : Full
List
Composition
Shareholder name : Jointly
held by John Miteloudis & Spiro Miteloudis
Address : John
Miteloudis & Spiro Miteloudis
C/o ADELAIDE MARBLE SPECIALISTS PTY LTD
122 South Terrace
Wingfield, SA 5013
Australia
No. of shares : 3
Ordinary Shares
% of shares : 100%
Structure
Name : ADELAIDE GRANITE PTY LTD
Affiliation type : Associate
Address : 122
South Terrace
Wingfield, SA 5013
Australia
Name : MG
PROPERTY GROUP (SA) PTY LTD
Affiliation type : Associate
Address : 122
South Terrace
Wingfield, SA 5013
Australia
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
Comments : The representative contacted
declined to provide any financial information until the inquiring party details
are revealed.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages in
manufacturing and sales of kitchen bench tops as well as distribution and
retail sales of tiles, pavers, wall cladding, timber flooring, taps and bath
ware.
Product & services : Benchtops
Tiles
Wall Cladding
Pavers
Taps & Bathware
Mosaics
Timber Flooring
Purchases
International : China,
Italy, Spain, Turkey, Malaysia, India
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a cutting facility, warehouse, showroom
and an administrative office.
Branches : In
addition, the Subject operates from showrooms located at:
333 South Road
Mile End, SA 5031
Australia
Tel: +61 8 83521265
Lot 1, Lawrence Hargrave Way
Parafield Airport, SA 5106
Australia
Tel: +61 8 82833362
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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, D/P, Credit 30-90 days
Sales Term
Local : Cash, Credit
card, Bank transfer, 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.61.40 |
|
|
1 |
Rs.99.28 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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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.