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Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
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Name : |
RADISA TRADING PTY. LTD. |
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Registered Office : |
724
Curtin Avenue East, Eagle Farm, Queensland |
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Country : |
Australia |
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Date of Incorporation : |
06.07.1998 |
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Com. Reg. No.: |
083277632 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Engages
in import and distribution of natural stones tiles and related products. |
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No. of Employees : |
2 |
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 : |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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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 : RADISA
TRADING PTY. LTD.
Other
style / Business name : RADISA STONE
Business
address : 724 Curtin Avenue
East
Town :
Eagle
Farm
Province
: Queensland
Zip/postal
code : 4008
Country
: Australia
Tel : +61 7
32601269
Fax : +61 7
32601287
Email
: radisa@radisa.com.au
Website
: www.radisa.com.au
Registered
address : 724 Curtin
Avenue East
Town :
Eagle
Farm
Province
: Queensland
Zip/postal
code : 4008
Country
: Australia
Executive Summary
Date founded
or registered : 06/07/1998
Legal
form : Australian
Proprietary Company
Chief
executive : Indu
Kant Sharma
Issued
& paid up capital : AUD 7
Line
of business : Import
and distribution of natural stones tiles and related products.
Staff
employed : 2
employees
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 : 06/07/1998
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 083277632
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian
Business Number: 29083277632
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Other registration : RADISA
STONE is a business name owned by the Subject registered on 26/07/2006 under
business registration no: BN19958420.
Key Management
Name :
Indu Kant Sharma
Designation
: Managing Director
Appointments
Name :
Indu Kant Sharma
Designation
: Director
Appointment
date : 06/07/98
Address
: 4 Fallbrook Street
Kenmore, QLD 4069
Australia
Biography
: Born on 26-07-1962 in
Chandigarh, India.
Name :
Rekha Kumari
Sharma
Designation
: Director and Company
Secretary
Appointment
date : 06/07/98
Address
: 4 Fallbrook Street
Kenmore, QLD 4069
Australia
Biography
: Born on 25-07-1968 in
Singapore.
Staff
employed : 2 employees
Composition
Authorized
Capital : AUD 7
No of
shares : 7 Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 7
Paid
up capital : AUD 7
How
listed : Full List
Composition
Shareholder
name : Jointly held by Indu Kant Sharma & Rekha Kumari Sharma
Address
: Indu Kant Sharma & Rekha Kumari Sharma
4
Fallbrook Street
Kenmore,
QLD 4069
Australia
No. of
shares : 1 Ordinary Share
Shareholder
name : Indu Kant Sharma
Address
: 4 Fallbrook Street
Kenmore,
QLD 4069
Australia
No. of
shares : 3 Ordinary Shares
Shareholder
name : Rekha Kumari Sharma
Address
: 4 Fallbrook Street
Kenmore,
QLD 4069
Australia
No. of
shares : 3 Ordinary Shares
Structure
Related
companies and corporate
affiliations
comments
: None
reported.
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.
Robin 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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The
Subject engages in import and distribution of natural stones tiles and
related products.
Product
& services : Marble tiles, slabs
and pavers
Granite tiles, slabs and pavers
Porphyry tiles, slabs and pavers
Travertine tiles, slabs and pavers
Limestone tiles, slabs and pavers
Basalt tiles, slabs and pavers
Quartz tiles, slabs and pavers
Sand Stone tiles, slabs and pavers
Purchases
International
: India, China
Sales
Local
: Yes
International
: None reported.
Property & Assets
Premises
: The Subject operates from premises at the verified heading address consisting
of a showroom, warehouse and an administrative office.
Branches
: None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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)
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
30-60 days
Sales Term
Local
: Cash, Prepayment, 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.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.