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Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
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Name : |
CAWARRA
COSMETICS PTY LIMITED |
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Formerly Known As : |
CAWARRA
CHEMICALS PTY LTD |
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Registered Office : |
Level 1, 34
Banksia Road Caringbah New South Wales 2229 |
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Country : |
Australia |
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Date of Incorporation : |
04.06.1981 |
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Com. Reg. No.: |
002172554 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Manufacturing
and distribution of organic natural skincare, hair care, body and spa
products. |
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No. of Employees |
21 |
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 : |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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Source
: CIA |
Verified Address
Subject name :
CAWARRA COSMETICS PTY LIMITED
Business
address : 7-9 Lucky Lane
Town : Billinudgel
Province : New South Wales
Zip/postal code : 2483
Country : Australia
Tel : +61 2 66803266
Fax : +61 2 66803267
Email : info@cawarra.com.au
Website : www.cawarra.com.au
Registered
address : Level 1, 34 Banksia Road
Town : Caringbah
Province : New South Wales
Zip/postal code : 2229
Country : Australia
Postal address : P.O. Box 100
Town : Billinudgel
Province : New South Wales
Zip/postal code : 2483
Country : Australia
Executive Summary
Date founded
or registered : 04/06/1981
Legal form : Australian
Proprietary Company
Chief
executive : Gregory
William Milham
Issued & paid up capital : AUD 2
Line of
business : Manufacturing
and distribution of organic natural skincare, hair care, body and
spa products.
Staff employed
: 21 employees
Company Analysis
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 : 04/06/1981
Legal form : Australian
Proprietary Company
Registration
no Australian Company Number: 002172554
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australian Business Number: 93002172554
Registry
status : Live/Active
Previous name : The Subject was
established on 04-06-1981 under the name AMUNGEE HOLDINGS PTY LTD and changed
its name to CAWARRA CHEMICALS PTY LTD on 09-03-1999. CAWARRA CHEMICALS PTY LTD
then changed its name
to the current style on 21 04-1999.
Change of
legal form : None
reported.
Other registration SANCTUM
BYRON BAY is a business name owned by the Subject registered on 9/08/1999 under
business registration no: V7305633.
Key Management
Name : Gregory William Milham
Designation : Managing Director
Appointments
Name : Gregory William Milham
Designation : Director
Appointment
date : 18/06/81
Address : Lot 1 Byron Street
New Brighton, NSW 2483
Australia
Biography : Born on 23-04-1957 in Sydney,
New South Wales, Australia.
Staff employed
: 21 employees
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 : Gregory William Milham
Address : Lot 1 Byron Street
New Brighton, NSW 2483
Australia
No. of shares
: 1 Ordinary Share
% of shares : 50%
Shareholder
name : Jicky Louise Milham
Address : Lot 1 Byron Street
New Brighton, NSW 2483
Australia
No. of shares
: 1 Ordinary Share
% of shares : 50%
Structure
Related
companies and corporate
affiliations
comments : None
reported.
Bank Details
Name of bank :
National Australia
Bank Limited
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 : Unsatisfied Charges
ASIC Charge
Number: 27
Date
Registered: 11-11-1987
Charge type: Both Fixed & Floating
Date Created: 04-11-1987
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 1235305
Date
Registered: 24-11-2005
Charge type: Fixed
Date Created: 10-11-2005
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 1428740
Date
Registered: 15-03-2007
Charge type: Fixed
Date Created: 08-02-2007
Chargees Name:
N ATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 1978720
Date
Registered: 20-05-2010
Charge type: Fixed
Date Created: 29-03-2010
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 2024453
Date
Registered: 30-07-2010
Charge type: Fixed
Date Created: 17-05-2010
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements
: None reported.
Tax liens : None reported.
Others : None reported.
Comments : The representative contacted declined to
provide any financial
information until the Subject's exporter identity is 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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main
activities : The
Subject engages in manufacturing and distribution of organic natural
skincare, hair care and body products under the SANCTUM brand and
manufacturing and distribution of organic professional spa products
under
the ORGANICSPA brand.
Product & services : Organic Natural Skincare Products
Organic Hair Care Products
Organic Body Care Products
Organic Spa Care Products
Brand : SANCTUM
ORGANICSPA
MEDITREE
Purchases
International
: United States, China, Singapore, New
Zealand
Sales
Local : Yes
International
: Worldwide
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of production
facilities, warehouse and an
administrative office.
Branches : None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central bank :
Reserve
Bank of Australia
Reserve of
foreign exchange & gold : US$
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
: Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International
: Prepayment, Telegraphic transfer, Credit 30-90 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.60.38 |
|
|
1 |
Rs.101.63 |
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Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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.