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Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BRAEMAC PTY LTD |
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Formerly Known As : |
N C BRAEMAC PTY LTD |
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Registered Office : |
Unit 1, 59-61 Burrows Road, Alexandria, New South Wales, Zip/postal code 2015 |
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Country : |
Australia |
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Date of Incorporation : |
04.04.1984 |
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Com. Reg. No.: |
002743884 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
importer and distributor
of electronic components |
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No. of Employees : |
114 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Australia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 : BRAEMAC PTY LTD
Business address : Unit 1, 59-61 Burrows Road
Town : Alexandria
Province : New South Wales
Zip/postal code : 2015
Country : Australia
Tel : +61 2 95506600
Fax : +61 2 95506377
Email : nswsales@braemac.com.au
Website : www.braemac.com.au
Registered address : Unit 1, 59-61 Burrows Road
Town : Alexandria
Province : New South Wales
Zip/postal code : 2015
Country : Australia
Executive Summary
Date founded or registered : 04/04/1984
Legal form : Australian
Proprietary Company
Chief executive : Danny Nemeny
Issued & paid up capital
: AUD 4
Sales turnover : AUD
130,000,000 (Estimated Non-Consolidated 12 months, 30/06/2013)
Line of business : Import and distribution of
electronic components.
Staff employed : 114 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 04/04/1984
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 002743884
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 71332650026
Registry status : Live/Active
Previous name : N C BRAEMAC PTY LTD
FELSHAND PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : Danny
Nemeny
Designation : Managing Director
Name : Dino
Calvisi
Designation : Joint Managing
Director
Name : Michael
Kipriotis
Designation : Chief Financial
Officer
BOARD OF DIRECTORS/ OTHER APPOINTME
Appointments
Name : Danny Nemeny
Designation : Director and Company Secretary
Appointment date : 18/04/84
Address : 9 Queens Avenue
Vaucluse, NSW 2030
Australia
Biography : Born on 02-12-1952 in Kfar
Saba, Israel.
Name : Dino Calvisi
Designation : Director
Appointment date : 18/04/84
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
Biography : Born on 07-01-1954 in Sydney,
New South Wales, Australia.
Staff employed : 114 employees
Composition
Authorized Capital : AUD 4
No of shares : 1 Class A Share / 1 Class B Share
/ 1 Class E Share / 1 Class F Share
Share par value : AUD 1
Issued capital : AUD 4
Paid up capital : AUD 4
How listed : Full List
Composition
Shareholder name : Danny Nemeny
Address : 9 Queens Avenue
Vaucluse,
NSW 2030
Australia
No. of shares : 1 Class A Share
Shareholder name : Dino Calvisi
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
No. of shares : 1 Class B Share
Shareholder name : Pamela Nemeny
Address : 9 Queens Avenue
Vaucluse,
NSW 2030
Australia
No. of
shares : 1 Class E Share
Shareholder name : Patricia Linda Calvisi
Address : Unit 5, 69 Kirribilli
Avenue
Kirribilli,
NSW 2061
Australia
No. of shares : 1 Class F Share
RELATED COMPANIES & CORPORATE
AFFILIA
Structure
Name : BRAEMAC (AUSTRALIA) PTY LIMITED
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC PID PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC (S.A.) PTY. LIMITED
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC ENERGY (SA) PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC ELECTRONIC SERVICES PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC ENERGY PTY LTD
Affiliation type : Associate
Address : Unit 1, 59-61 Burrows Road
Alexandria,
NSW 2015
Australia
Name : BRAEMAC LIMITED
Affiliation type : Associate
Address : Room 1301, 13/F, Nanyang Plaza
57 Hung To
Road
Kwun Tong,
Kowloon
Hong Kong
Name : BRAEMAC N.Z. PTY LIMITED
Affiliation type : Associate
Address : Unit 1A, 31 Apollo Drive
Rosedale,
Auckland 0632
New
Zealand
Name : BRAEMAC LIMITED
Affiliation type : Associate
Address : 1 Mandarin Court, Centre Park
Warrington
WA1 1GG
Cheshire
United
Kingdom
Name : BRAEMAC PTE. LTD.
Affiliation type : Associate
Address : 31, Kaki Bukit Road 3
#06-25 Techlink
Singapore 417818
Singapore
Related
companies and corporate affiliations comments
Other companies of the Braemac Group
should be considered affiliates of the Subject.
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 1.11 as of
03-09-2013
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 : 130,000,000
Comments : The estimated turnover
was provided by Mr. Michael Kipriotis.
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 $12.5 million, and
-The company and any entities
it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject engages in import and
distribution of electronic components.
Product & services :
Products:
Display & Optics:
LED's/Displays & Smart Panels
Passives: Capacitors &
Resistives
Electro Mechanical: Relays,
Printers, Speakers, Magnetic Transducers,
Switches, Power Supply's,
Inductors & Frequency Control
Semiconductors: Processors,
I/O Controllers, Memory and RF Components
Connectors & Cables
Speciality: Modems -
Wireless/Landline, Serial to Ethernet/Bluetooth
Modules and GPS - Modules and
Accessories
Services:
Programming Service
Engineering Support
In-house Connector and Cable
Assembly
Brand :
ALTERA
INTEL
HITACHI
STMICROELECTRONICS
CIRRUS LOGIC
WAVECOM
Purchases
Local : Yes
International : Hong Kong, China, United States,
United Kingdom, Singapore, Malaysia,
Thailand, Taiwan, Japan, India, Germany
Sales
Local : Yes
International : New Zealand, United States,
Hong Kong, China, Singapore, Taiwan, Malaysia, United
Kingdom
Property &
Assets
Premises : The Subject operates from premises
at the verified heading address
consisting of a warehouse and an administrative office.
Branches : In addition, the Subject
operates from branch offices located at:
18 Regent
Street
Melrose
Park, SA 5039
Australia
Tel: +61 8
82750100
Unit 10B,
191 Hedley Avenue
Hendra,
QLD 4011
Australia
Tel: +61 7
36300882
1/15
Howleys Road
Notting
Hill, VIC 3168
Australia
Tel: +61 3
95400100
Suite 2C,
5 Mumford Place
Balcatta,
WA 6021
Australia
Tel: +61 8
92405166
Gross Domestic Products
(GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 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 &
aming), 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 : Bank transfer,
Prepayment, D/P, Credit 30-120 days
International : L/C, Telegraphic transfer, D/P,
Prepayment, Credit 30-120 days
Sales Term
Local : Bank transfer,
Prepayment, D/P, Credit 30-120 days
International : L/C, Telegraphic transfer, D/P,
Prepayment, Credit 30-120 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.66.89 |
|
UK Pound |
1 |
Rs.103.95 |
|
Euro |
1 |
Rs.88.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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<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.