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Report Date : |
31.12.2014 |
IDENTIFICATION DETAILS
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Name : |
SYNECHRON TECHNOLOGIES AUSTRALIA PTY LTD |
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Registered Office : |
C/o Grant Thornton Australia Limited Level 17, 383 Kent Street Sydney New South Wales NSW 2000 |
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Country : |
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Date of Incorporation : |
04.12.2012 |
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Com. Reg. No.: |
ACN: 161516374 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is engaged in offering next generation technology
and consulting solutions and services to banking, insurance and financial
technology services. |
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No. of Employees : |
Not Available |
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 : |
Unknown |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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
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Source
: CIA |
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Address: |
C/o Grant Thornton Australia Limited Level 17, 383 Kent Street |
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Town: |
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State/province: |
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Zip/postal code: |
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Country: |
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Telephone: |
+61 (2) 82972400 (Grant Thornton Australia Limited) +65 63239266 (Synechron Technologies Singapore Pte Ltd.) |
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Email: |
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Website: |
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Comment: |
The Subject is not registered as a phone/fax user locally. It has no physical presence in Australia. |
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EXECUTIVE
SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth. |
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Tax number: |
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Registry status: |
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LEGAL
FILINGS
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Bankruptcy filings: |
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Court judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT
& STAFF
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Name: |
Richard Nevin Moffitt |
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Job title: |
Director |
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Name: |
Tanveer Saulat |
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Job title: |
Director |
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Name: |
Zia Bhutta |
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Job title: |
Director |
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No of employees |
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BOARD
OF DIRECTORS / OTHER APPOINTMENTS
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The Palm Jumeirah Dubai United Arab Emirates |
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Birth Place: Eku, Nigeria |
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Name: |
Richard Nevin Moffitt |
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Board function: |
Director |
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Date appointed: |
04/12/2012 |
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Address: |
7 Rival Street Kareela, Nsw 2232 Australia |
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Biography: |
Born: 25/06/1948 Birth Place: Sydney, Nsw |
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Name: |
Tanveer Saulat |
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Board function: |
Director |
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Date appointed: |
04/12/2012 |
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Address: |
Silver Woods, Pingle Wasti S. No. Harashtra 81/1/1 Pune 411036 Maharashtra India |
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Biography: |
Born: 16/12/1972 Birth Place: Bhopal, India |
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Name: |
Zia Bhutta |
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Board function: |
Director |
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Date appointed: |
04/12/2012 |
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Address: |
1570 Sw 190th Ave Pembroke Florida United States |
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Biography: |
Born: 04/02/1972 Birth Place: Kenya |
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SHARE
CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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PO Box 3162 Road Town, Tortola British Virgin Islands |
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CORPORATE
AFFILIATIONS
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PO Box 3162 Road Town, Tortola British Virgin Islands |
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Name: |
SYNECHRON CANADA INC. |
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Affiliation type: |
Associate |
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Address: |
161 Bay Street, 27th Floor Toronto, ON M5J 2S1 Canada |
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Name: |
SYNECHRON LIMITED |
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Affiliation type: |
Associate |
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Address: |
Suite 110, St. Clements House 27-28 Clements Lane London - EC4N 7AE United Kingdom |
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Name: |
SYNECHRON TECHNOLOGIES HONG KONG LIMITED |
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Affiliation type: |
Associate |
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Address: |
15F, 100 QRC Queen's Road Central Hong Kong |
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Name: |
SYNECHRON
TECHNOLOGIES JAPAN K.K. |
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Affiliation type: |
Associate |
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Address: |
1F Place
Canada, 7-3-37 Akasaka,
Minato-ku, Tokyo, 107-0052 Japan |
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Name: |
SYNECHRON TECHNOLOGIES LLC |
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Affiliation type: |
Associate |
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Address: |
2501 - Concord Tower Dubai Media City PO Box 450590 Dubai United Arab Emirates |
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Name: |
SYNECHRON TECHNOLOGIES NETHERLANDS B.V. |
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Affiliation type: |
Associate |
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Address: |
Hullenbergweg 361 Crown Building South 1101 CP Amsterdam The Netherlands |
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Name: |
SYNECHRON TECHNOLOGIES PVT. LTD. |
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Affiliation type: |
Associate |
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Address: |
CEDAR Building Ascendas IT Park Rajiv Gandhi Infotech Park Hinjewadi Phase III Pune 411057 Maharashtra India |
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Name: |
SYNECHRON TECHNOLOGIES SINGAPORE PTE LTD. |
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Affiliation type: |
Associate |
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Address: |
80 Raffles Place UOB Plaza 1 #26-01 Singapore 048624 Singapore |
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Name: |
SYNECHRON, INC. |
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Affiliation type: |
Associate |
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Address: |
15 Maiden Lane Suite 1100 New York, NY 10038 USA |
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FINANCIAL
ACCOUNTS
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Required to file: |
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Source: |
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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. |
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OPERATIONS
& HISTORY
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Full description: |
The Subject is engaged in offering next generation technology and consulting solutions and services to banking, insurance and financial technology services. |
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Products/services: |
- Business Intelligence and Data Warehousing - Cloud Computing - Architecture and Strategy - Application Development / Maintenance. - Mobile Application Development - QA Service Offerings - Remote Infrastructure Management - Business Process Management (BPM) |
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PROPERTY &
ASSETS
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The Subject operates care of a corporate services company situated at the heading address. |
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PAYMENTS
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INVESTIGATIVE
NOTES
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Sources: |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.75 |
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1 |
Rs.99.88 |
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Euro |
1 |
Rs.77.32 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIS |
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.