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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
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Name : |
AFC GROUP PTY. LTD. |
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Registered Office : |
93-97 Merrindale Drive, Croydon South Victoria
3136 |
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Country : |
Australia |
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Date of Incorporation : |
02.04.1992 |
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Com. Reg. No.: |
055685875 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Design, manufacture and integration of fibre optic communication
solutions. |
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No. of Employees : |
130 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : AFC
GROUP PTY. LTD.
Business address : 93-97
Merrindale Drive
Town : Croydon
South
Province : Victoria
Zip/postal code : 3136
Country :
Australia
Tel : +61
3 97374200
Fax : +61
3 97374299
Email : contact@afcgroup.com.au
Website : www.afcgroup.com.au
Registered address : 93-97
Merrindale Drive
Town : Croydon
South
Province : Victoria
Zip/postal code : 3136
Country : Australia
Executive Summary
Date founded or registered : 02/04/1992
Legal form : Australian
Proprietary Company
Chief executive : Anthony
Douglas MacLeod
Issued & paid up capital : AUD
37,500
Line of business : Design,
manufacture and integration of fibre optic communication solutions.
Staff employed : 130 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 : 02/04/1992
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 055685875
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 32055685875
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Anthony Douglas
MacLeod
Designation : Managing Director
Name : David Henderson
Designation : General Manager
Name : Glen Johnston
Designation : Marketing Manager
Appointments
Name : Anthony
Douglas MacLeod
Designation : Director
and Company Secretary
Appointment date : 02/04/92
Address : 30
Menzies Road
Kangaroo Ground, VIC 3097
Australia
Biography : Born
on 23-12-1957 in Melbourne, Victoria, Australia.
Staff employed : 130
employees
Composition
Authorized Capital : AUD
37,500
No of shares : 37,500
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
37,500
Paid up capital : AUD
37,500
How listed : Full
List
Composition
Shareholder name : PROLERT
SECURITY PTY. LTD.
Address : 141
St Georges Road
Fitzroy North, VIC 3068
Australia
No. of shares : 3,750
Ordinary Shares
% of shares : 10%
Shareholder name : KESWICK
OAKS PTY. LTD.
Address : 30
Menzies Road
Kangaroo Ground, VIC 3097
Australia
No. of shares :
33,750 Ordinary Shares
% of shares : 90%
Structure
Name : KESWICK OAKS
PTY. LTD.
Affiliation type : Parent Company
Address : 30 Menzies Road
Kangaroo Ground, VIC 3097
Australia
Name : PROLERT
SECURITY PTY. LTD.
Affiliation type : Shareholder
Address : 141 St Georges
Road
Fitzroy North, VIC
3068
Australia
Name : AFC GROUP PTY.
LTD.
Affiliation type : Wholly-owned Subsidiary
Address : Suite 8, 11
Orbit Drive
Rosedale, Auckland 0632
New Zealand
Comments : Overseas ASIC
Company.
Bank Details
Name of bank : Westpac
Banking Corporation
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. Anthony Douglas MacLeod 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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged in design,
manufacturing and integration of fibre optic communication solutions.
Product & services : Fibre
Cable
Fibre Assemblies
Fibre Enclosures & Accessories
MTP Cabling System
Fibre Termination & Splicing
Test, Inspect & Locate
Copper Cabling System
Racks & Ducting
Fibre Passive Devices
Active Equipment
Uninterruptible Power Supply (UPS)
Purchases
International : China, Hong Kong, Thailand,
United States, France, United Kingdom, Germany, Singapore
Sales
Local : Yes
International : New
Zealand
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a production facility, warehouse and
administrative office.
Branches : In
addition, the Subject operates from branch offices located at:
Unit 13, 14 Boden Road
Seven Hills, NSW 2147
Australia
Tel: + 61 2 94214200
1/32 Robinson Avenue
Belmont, WA 6104
Australia
Tel: + 61 8 62532200
Unit 2, 50 Borthwick Avenue
Murarrie, QLD 4172
Australia
Tel: + 61 7 32921400
3, 7 Beaconsfield Street
Fyshwick, ACT 2609
Australia
Tel: +61 2 61432300
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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
Local : Prepayment,
Bank transfer, Credit 30-90 days
International : L/C, Telegraphic
transfer, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, Credit 30-90 days
International : L/C, Telegraphic
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.62.14 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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 |
|
---- |
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.