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Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
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Name : |
PROMOTERS PARADISE PTY LTD |
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Registered Office : |
Unit 29, 47-51 Lorraine Street Peakhurst New South Wales 2210 |
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Country : |
Australia |
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Date of Incorporation : |
27.09.2007 |
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Com. Reg. No.: |
127752087 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of reusable green bags. |
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No. of Employees |
3 employees including directors |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 : PROMOTERS
PARADISE PTY LTD
Other style / Business name : ALBURY
ENVIRO BAGS
Business address : Unit
29, 47-51 Lorraine Street
Town : Peakhurst
Province : New
South Wales
Zip/postal code : 2210
Country : Australia
Tel : +61
2 95346283
Fax : +61
2 82094822
Email : anne@promotersparadise.com
/ sales@alburyenvirobags.com.au
Website :
www.promotersparadise.com.au / www.alburyenvirobags.com.au
Registered address : Unit
29, 47-51 Lorraine Street
Town : Peakhurst
Province : New
South Wales
Zip/postal code :
2210
Country : Australia
Postal address : P.O.
Box 961
Town : Riverwood
Province : New
South Wales
Zip/postal code : 2210
Country : Australia
Executive Summary
Date founded or registered : 27/09/2007
Legal form : Australian
Proprietary Company
Chief executive : Graham
Harold Williamson
Issued & paid up capital : AUD
2
Line of business :
Import & distribution of reusable green bags.
Staff employed : 3
employees including directors
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is modestly experienced
Financial performance : Financial
performance is fair
Organization structure : Organizational
structure is acceptable
Detrimental : No
detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 27/09/2007
Legal form :
Australian Proprietary Company
Registration no Australian
Company Number: 127752087
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 69127752087
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Graham
Harold Williamson
Designation : Managing
Director
Appointments
Name : Graham
Harold Williamson
Designation : Director
and Company Secretary
Appointment date : 27/09/07
Address : Unit
7, 31 Amy Road
Riverwood, NSW 2210
Australia
Biography : Born
on 19-03-1950 in Sydney, New South Wales, Australia.
Name : Jie
Wang @ Anne Wang
Designation : Director
Appointment date : 18/10/07
Address : Unit
7, 31 Amy Road
Riverwood, NSW
2210
Australia
Biography : Born
on 21-09-1964 in China.
Staff employed : 3
employees including directors
Composition
Authorized Capital : AUD 2
No of shares : 2
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
How listed : Full List
Composition
Shareholder name : Graham
Harold Williamson
Address :
Unit 7, 31 Amy Road
Riverwood, NSW 2210
Australia
No. of shares : 1
Ordinary Share
% of shares : 50%
Shareholder name : Jie Wang @
Anne Wang
Address : Unit
7, 31 Amy Road
Riverwood, NSW 2210
Australia
No. of shares : 1
Ordinary Share
% of shares : 50%
Structure
Related companies and corporate affiliations comments : None reported.
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 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
Comments : The
representative contacted Mr. Graham Harold Williamson advised that the
Subject's annual turnover is between AUD
800,000 to AUD 1 million.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
Main activities : The
Subject engages in import, distribution of reusable green bags.
The Subject also sells its products online
via
www.alburyenvirobags.com.au
Product & services : Shopping
Bags
Promotional Bags
Natural Jute Bags
Cotton & Calico Bags
Designer Shopping Bags
Fashion Bags
Custom Printed Wholesale Bags
Purchases
International : China
and India
Sales
Local : Yes
International : Directly
from China and India to New Zealand
Property &
Assets
Premises : The Subject operates from premises
at the verified heading address consisting of a warehouse and an administrative
office.
Branches : None
reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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
(General Government gross debt as
a % GDP):
2010: 20.4%
2011: 22.9%
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 : 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 : Prepayment,
Telegraphic transfer, Credit 30 days
Sales Term
Local : Prepayment,
Bank transfer, 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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.27 |
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UK Pound |
1 |
Rs.101.10 |
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Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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.