|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNITED AUSTRALIA IMPORTS PTY LTD |
|
|
|
|
Registered Office : |
346 Frankston-Dandenong Road, Dandenong South, Victoria 3175 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
15.08.2012 |
|
|
|
|
Com. Reg. No.: |
159923476 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Importer and
Distributer of cushions, cushion covers, mats, towels, bathmats, rugs, quilt covers,
bed sheets and other related products. |
|
|
|
|
No of Employees : |
5 employees including director |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 : UNITED
AUSTRALIA IMPORTS PTY LTD
Business address : 346
Frankston-Dandenong Road
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61
3 97683090 / 412301029 (Mobile No.)
Fax : +61
3 97683290
Email : unitedaustralia@msn.com
Registered address : 346
Frankston-Dandenong Road
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Executive Summary
Date founded or
registered : 15/08/2012
Legal form : Australian
Proprietary Company
Chief executive : Anjali Verma
Issued & paid
up capital : AUD 100
Sales turnover : AUD
1,000,000 (Estimated Non-Consolidated 11 months, 30/06/2013)
Line of business : Import
and distribution of cushions, cushion covers, mats, towels,
bathmats, rugs, quilt covers, bed sheets and other related products.
Staff employed : 5
employees including director
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is in start-up phase
Management experience : Management
is inadequately experienced
Financial performance : Financial
performance is fair
Organization structure : Organizational
structure is acceptable
Detrimental : No
detrimental found
Payment history : No
payment delays noted
Credit amount asked : Not
described.
Registry Data
Registration date : 15/08/2012
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 159923476
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 18159923476
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Anjali
Verma
Designation : Managing
Director
Name : Anil
Verma
Designation : General
Manager
Appointments
Name : Anjali
Verma
Designation : Director
and Company Secretary
Appointment date : 15/08/12
Address : 346
Frankston-Dandenong Road
Dandenong South,
VIC 3175
Australia
Biography : Born
on 18-06-1973 in India.
Staff employed : 5
employees including director
Composition
Authorized Capital : AUD
100
No of shares : 100
Ordinary Shares
Share par value : AUD
1
Issued capital : AUD
100
Paid up capital : AUD
100
How listed : Full
List
Composition
Shareholder name : Anjali
Verma
Address : 346
Frankston-Dandenong Road
Dandenong South,
VIC 3175
Australia
No. of shares : 100
Ordinary Shares
% of shares : 100%
Structure
Related companies and corporate :
None reported
affiliations comments
Bank Details
Name of bank : National
Australia Bank
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 bankers 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 1.08 as of 03-04-2014
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 : 1,000,000
Comments : The estimated
turnover was provided by Mr. Anil Verma. He further advised that
the Subject's projected sale turnover for financial year end 30-06-2014
is AUD 2,000,000.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year
Main activities : The Subject
engages in import and distribution of cushions, cushion covers,
mats, towels, bathmats, rugs, quilt covers, bed sheets and other related
products.
Purchases
International : India
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject operates
from the verified heading address consisting of a
warehouse and an administrative office.
Branches : None
reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : 2010:
20.4%
(General Government gross debt as 2011:
22.9%
a % GDP) 2012:
24%
Government bond ratings : Standard
& Poors: AAA
Moodys rating: Aaa
Moodys 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 : 25
(ranking by country on a basis of 142, 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,
Prepayment, Credit 30 days
Sales Term
Local : Bank
transfer, Prepayment, Credit 30 days
Trade Reference/ Payment Behaviour
Comments : As local and
international trade references were not supplied, the Subjects
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
© Trelis Business
Reports Sdn. Bhd. 2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.64 |
|
|
1 |
Rs. 99.20 |
|
Euro |
1 |
Rs. 82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DVY |
|
|
|
|
Report Prepared
by : |
DPT |
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.