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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
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Name : |
EMBLEM
FOODS PTY. LTD. |
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Formerly Known As : |
EIGHTY FIRST DECELDA PTY. LTD. (initial) |
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Registered Office : |
243 Peel
Street, North Melbourne, Victoria 3051 |
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Country : |
Australia |
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Date of Incorporation : |
26.10.1988 |
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Com. Reg. No.: |
007095874 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Engaged in import, wholesale distribution and export of
seafood products. |
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No. of Employees : |
5 |
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 |
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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 : EMBLEM
FOODS PTY. LTD.
Other
style / Business name : FRANK MASON
& ASSOCIATES
Business
address : 243 Peel Street
Town :
North
Melbourne
Province
: Victoria
Zip/postal
code : 3051
Country
: Australia
Tel : +61 3
93282211
Fax : +61 3
93283350
Email
: f rank@frankmason.com.au
Website
: www.frankmason.com.au
Registered
address : 243 Peel Street
Town :
North
Melbourne
Province
: Victoria
Zip/postal
code : 3051
Country
: Australia
Postal
address : P.O. Box
66
Town :
North
Melbourne
Province
: Victoria
Zip/postal
code : 3051
Country
: Australia
Executive Summary
Date
founded or registered : 26/10/1988
Legal
form : Australian
Proprietary Company
Chief
executive : Francis
Roy Mason
Issued
& paid up capital : AUD
151,603
Sales
turnover : AUD 6,000,000
(Estimated Non-Consolidated 12 months, 30/06/2013)
Line
of business : Import,
wholesale distribution and export of seafood products.
Staff
employed : 5
employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
reasonably experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 26/10/1988
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 007095874
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian
Business Number: 16007095874
Registry
status : Live/Active
Previous
name : EIGHTY
FIRST DECELDA PTY. LTD. (initial)
Change
of legal form : None
reported.
Other registration : FRANK
MASON & ASSOCIATES is a business name owned by the Subject registered on
26/09/2000 under business registration no: BN17401513.
FRANK MASON & ASSOCIATES is a business name owned by the
Subject registered on 22/05/1995 under business registration no: 1214958Z.
Key Management
Name :
Francis Roy Mason
Designation
: Managing Director
Name :
Anthony Joseph Pattison
Designation
: Financial Director
Appointments
Name :
Francis Roy Mason
Designation
: Director and Company
Secretary
Appointment
date : 09/11/88
Address
: 26 Chapman Road
Redcastle, VIC 3523
Australia
Biography
: Born on 10-02-1947 in
Melbourne, Victoria, Australia.
Name :
Anthony Joseph
Pattison
Designation
: Director
Appointment
date : 06/09/11
Address
: Level 1, 308
Kororoit Creek Road
Williamstown, VIC 3016
Australia
Biography
: Born on 30-03-1948 in
Melbourne, Victoria, Australia.
Staff
employed : 5 employees
Composition
Authorized
Capital : AUD 151,603
No of
shares : 151,603 Ordinary
Shares
Share
par value : AUD 1
Issued
capital : AUD 151,603
Paid
up capital : AUD 151,603
How
listed : Full List
Composition
Shareholder
name : Francis Roy Mason
Address
: 26 Chapman Road
Redcastle, VIC 3523
Australia
No. of
shares : 151,603 Ordinary
Shares
% of shares : 100%
Structure
Related
companies and corporate
affiliations
comments
: None
reported.
Bank Details
Name
of bank : Bank of
Melbourne
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 17-09-2013
Summarized Financial Information
Consolidation
type : Non Consolidated Non Consolidated
Currency
: Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination
: (x1) One (x1) One
Date
of financial year end : 30/06/13 30/06/12
Length
of accounts : 12 months 12 months
Sale
turnover / Income : 6,000,000 6,000,000
Comments
: The
estimated turnover was provided by Mr. Francis Roy Mason.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main activities : The
Subject is primarily engaged in import, wholesale distribution and export of
seafood products.
Product
& services : - Fresh & frozen
seafood
Various types of fish, shrimp, squid, crab, lobster,
sardines/ pilchards,
prawns, scallops, mussel
- Commercial fish
- Bait
Purchases
Local
: Yes
International
: Worldwide
Sales
Local
: Yes
International
: Worldwide
Property & Assets
Premises
: The Subject operates from premises at the verified heading address
consisting
of an administrative office.
Branches
: None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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
euipment
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, Credit 30-60
days
International
: Telegraphic transfer, Prepayment,
Credit 30-60 days
Sales Term
Local
: Bank transfer, Credit 30-60
days
International
: Telegraphic transfer, Prepayment,
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.61.78 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
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.