MIRA INFORM REPORT

Report Date :

10.12.2014

IDENTIFICATION DETAILS

Name :	TRAILERS 2000 PTY. LTD.
Registered Office :	10 Biondi Crescent Beerwah PO Box 2 Queensland QLD 4519
Country :	Australia
Date of Incorporation :	1993
Com. Reg. No.:	ACN: 076601048
Legal Form :	Australian Proprietary Company
Line of Business :	Subject is engaged in the manufacture of fully galvanised trailers as well as wholesaling trailer accessories to retailers and customers
No. of Employees :	50

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 :	Moderate
Payment Behaviour :	Unknown
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

Company name and address

Verified
Subject name:	TRAILERS 2000 PTY. LTD.
Address:	10 Biondi Crescent	Postal address:	PO Box 2
Town:	Beerwah	Town:	Beerwah
State/province:	Queensland	State/province:	Queensland
Zip/postal code:	QLD 4519	Zip/postal code:	QLD 4519
Country:	Australia
Telephone:	+61 (7) 54946711
Fax:	+61 (7) 54946666
Email:	sales@trailers2000.com.au
Website:	www.trailers2000.com.au

EXECUTIVE SUMMARY

Date established:	1993
Legal form:	Australian Proprietary Company
Share capital	AUD 4
Main activities:	Trailer company.
Employees:	50

REGISTRY DATA

Key Facts
Date established:	1993
Date registered:	04/12/1996
Legal form:	Australian Proprietary Company
Registration no:	ACN: 076601048
Registry auth.	Australian Securities and Investments Commission
Tax number:	ABN: 91076601048
Registry status:	Live/Active

LEGAL FILINGS

Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None

MANAGEMENT & STAFF

Key Managers
Name:	Craig David Henderson
Job title:	Director
Name:	Darren Lindsay Henderson
Job title:	Director
Name:	Jennifer Maree Daniels
Job title:	Director
Name:	James Stuart Daniels
Job title:	Director and Company Secretary
Staff
No of employees	50

BOARD OF DIRECTORS / OTHER APPOINTMENTS

Appointments
Name:	Craig David Henderson
Board function:	Director
Date appointed:	04/12/1996
Address:	2724 Warracknabeal-Birchip Road Warracknabeal, VIC 3393 Australia
Biography:	Born: 15/03/1963 Birth Place: Donald, Victoria
Name:	Darren Lindsay Henderson
Board function:	Director
Date appointed:	04/12/1996
Address:	66 Upper Rosemount Road Rosemount, QLD 4560 Australia
Biography:	Born: 15/03/1963 Birth Place: Donald, Victoria
Name:	Jennifer Maree Daniels
Board function:	Director
Date appointed:	04/12/1996
Address:	15 Quayline Close Pelican Waters, QLD 4551 Australia
Biography:	Born: 16/02/1964 Birth Place: Sydney, New South Wales
Name:	James Stuart Daniels
Board function:	Director and Company Secretary
Date appointed:	04/12/1996
Address:	15 Quayline Close Pelican Waters, QLD 4551 Australia
Biography:	Born: 26/07/1961 Birth Place: London, United Kingdom

SHARE CAPITAL

Composition
Authorised:	AUD 4
Number/type:	4 ordinary shares
Share value:	AUD 1
Issued:	AUD 4
Paid-up:	AUD 4

Shareholders/Owners

How Listed	Full List
Composition
Name:	DARCRA PTY. LTD. (as trustee for DARCRA UNIT TRUST)
No. of shares:	2 ordinary shares
% of shares:	50%
Address:	"Bronte" Wongabindie Road Moree, NSW 2400 Australia
Name:	James Stuart Daniels
No. of shares:	1 ordinary share
% of shares:	25%
Address:	15 Quayline Close Pelican Waters, QLD 4551 Australia
Name:	Jennifer Maree Daniels
No. of shares:	1 ordinary share
% of shares:	25%
Address:	15 Quayline Close Pelican Waters, QLD 4551 Australia

CORPORATE AFFILIATIONS

Structure
Name:	DARCRA PTY. LTD.
Affiliation type:	Shareholder
Address:	"Bronte" Wongabindie Road Moree, NSW 2400 Australia

BANKING & FINANCING

Bankers
Bank name:	WESTPAC BANKING CORPORATION
Address:	Australia
Comments	It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the Subject if banker's references are required.

FINANCIAL ACCOUNTS

Description
Required to file:	No
Source:	N/A
Comments	Private Companies in Australia are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met: - The company has a sales turnover of over AUD 25,000,000; - The company has total assets of over AUD 12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of being a large proprietary company.

OPERATIONS & HISTORY

Activities
Full description:	The Subject is engaged in the manufacture of fully galvanised trailers as well as wholesaling trailer accessories to retailers and customers throughout Australia.
Products/services:	Products:- Galvanised Box Trailers Painted Galvanised Trailers Hot Dip Galvanised Trailers Tandem Box Trailers - Painted and Galvanised Off-Road Trailers Trailer Cage Tradesman's Trailers Pantec Trailers Luggage Trailers Large Enclosed Trailers Golf Buggy Trailers Painted Car Trailers Galvanised Car Trailers Uni Trailers Tandem Uni Trailers Flat Deck Trailers Custom Trailers All trailers feature high quality Australian designed parts and accessories and are supplied to the following superior specifications: GALVANISED STEEL CONSTRUCTION Trailers 2000 trailers are made from galvanised steel so that the trail body and chassis are fully protected from the elements. Plus all welded areas are protected with an additional Cold Galvanised Treatment. BRAND NEW WHEELS AND TYRES Every Trailers 2000 trailer comes with brand new wheels and tyres LED LIGHTS All trailers are fitted with weatherproof LED lights mad with a superior polycarbonate lens & ADR approved. MAGNETIC TRAILER PLUG Every trailer comes fitted with Australia’s only magnetic trailer plug, which means when not hitched up consumer can prevent damage to the connector plug by attaching it to the trailer drawbar. STRONGER CONSTRUCTION The trailers are made using advanced state-of-the-art “self-piercing riveting” technology for improved strength, rigidity & durability under Australia’s harsh conditions. The Trailers 2000 Accessories Range features some handy additions to the standard or heavy duty Trailers 2000 trailer. - Flat Pack Cage Strong and durable, the flat pack cage is designed to keep its integrity at the rear whilst the door is open. Fitted with a removable rear door and heavy duty hinges, the lock is marine grade and pad lockable. The cage is easily removed and the four sections of the cage at pack f easy storage. Great for camping, moving house and general garden waste, the cage is available to suit all Trailers 2000 trailers. - Tradesman’s Canopy The ultimate in trailer security, the tradesman’s canopy allows for safe storage of tools and equipment. Fitted with gas struts on doors, rubber weather seals, croc locks plus an internal shelf. This Australian made, galvanised steel construction canopy is built for the job. The tradesman’s canopy is available to suit 6 x 4 and 7 x 4 only. A handy set of bolt-on carry racks is available to fit the tradesman’ canopy. These racks are ideal for carrying light loads such as ladder and timber. - Spare Wheel New 13” & 14” available. 13” fits all Trailer 2000 trailers other than th7 x 5 and 8x5 Heavy Duty. 14” fits the 7 x 5 and 8x5 Heavy Duty Trailers. - Carry Racks Carry Racks are designed to ‑t Trailers 2000 galvanised trailers only. These racks are ideal for carrying ladders, canoes, light loads such as timber etc. The carry racks are available to suit 4’(1200mm) wide and 5’ (1500mm) wide trailers. Maximum load 50kg. - Tonneau Covers and Cage Covers These easy to ‑t PVC covers are ideal for protecting against dust and water. The kits contain the cover and the buttons for securing the cover to the trailer. These covers are available to suit all sizes.
Sales
Export:	The Company does not export.

PROPERTY & ASSETS

Premises	The Subject principally operates from premises located at the heading address, consisting of production facilities, a warehouse and administrative offices.
Intellectual Property	AWARDS:- 2014 Telstra Queensland Business Awards

PAYMENTS

Purchase Terms
Local:	Cash Credits 14-30 days
Imports:	L/Cs Credits 30 days net
Sales Terms
Local:	Cash Credits 14-30 days
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.

INVESTIGATIVE NOTES

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.61.88
UK Pound	1	Rs.96.90
Euro	1	Rs.76.29

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.