MIRA INFORM REPORT

Report Date :

13.12.2014

IDENTIFICATION DETAILS

Name :	S & S INTERNATIONAL GROUP PTY LTD

Registered Office :	Level 1, 34 Atherton Road Oakleigh, VIC 3166

Country :	Australia

Date of Incorporation :	05.12.2008

Com. Reg. No.:	134498454

Legal Form :	Australian Proprietary Company

Line of Business :	Trading company.

No of Employees :	Less than 10

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Australia

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

IDENTIFICATION

Given
Subject name:	S & S INTERNATIONAL GROUP PTY LTD
Address:	LEVEL 1, 34 ATHERTON ROAD OAKLEIGH, VIC 3166
Country:	Australia

Verified
Subject name:	S & S INTERNATIONAL GROUP PTY. LTD.
Address:	Level 1 34 Atherton Road
Town:	Oakleigh
State/province:	Victoria
Zip/postal code:	VIC 3166
Country:	Australia
Mobile phone:	+61 421469858 (Mr. Mohan Devanga)
Email:	mohan.d@smstext.com.au

EXECUTIVE SUMMARY

Date registered:	05-12-2008
Legal form:	Australian Proprietary Company
Share capital	AUD 40
Main activities:	Trading company.
Employees:	Less than 10

REGISTRY DATA

Key Facts
Date registered:	05-12-2008
Legal form:	Australian Proprietary Company
Registration no:	ACN: 134498454
Registry auth.	Australian Securities and Investments Commission
Tax number:	ABN: 38134498454
Registry status:	Live/Active

LEGAL FILINGS

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

MANAGEMENT & STAFF

Key Managers
Name:	Mohan Srinivas Devanga
Job title:	Director and Company Secretary
Staff
No of employees	Less than 10

BOARD OF DIRECTORS / OTHER APPOINTMENTS

Appointments
Name:	Mohan Srinivas Devanga
Board function:	Director and Company Secretary
Date appointed:	05-12-2008
Address:	99 Melzak Way Berwick, VIC 3806 Australia
Biography:	DOB: 21/08/1968 Birth Place: Secunderabad, India

SHARE CAPITAL

Composition
Authorised:	AUD 40
Number/type:	40 ordinary shares
Share value:	AUD 1
Issued:	AUD 40
Paid-up:	AUD 40

Shareholders/Owners

How Listed	Full List

Composition
Name:	Mohan Srinivas Devanga
No. of shares:	40 ordinary shares
% of shares:	100%
Address:	99 Melzak Way Berwick, VIC 3806 Australia

CORPORATE AFFILIATIONS

Comments

None reported.

BANKING & FINANCING

Bankers
Bank name:	COMMONWEALTH BANK OF AUSTRALIA
Address:	Australia
Relationship type:	Current Account

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 supplying of linen and bedsheet products.

PROPERTY & ASSETS

Premises

The Subject principally operates from premises located at the heading address, consisting of administrative offices.

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.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs. 77.44

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	ANK

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%)

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