MIRA INFORM REPORT

Report Date :

25.02.2014

IDENTIFICATION DETAILS

Name :	MINEMET AUSTRALASIA PTY LTD
Registered Office :	Suite 3, Level 4, 627 Chapel Street South Yarra Victoria 3141
Country :	Australia
Date of Incorporation :	10.09.2004
Com. Reg. No.:	110920931
Legal Form :	Australian Proprietary Company
Line of Business :	Sourcing, import and export of scrap metal.
No. of Employees :	4 employees

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 – december 01, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

IDENTIFICATION DETAILS

Verified Address

Subject name : MINEMET AUSTRALASIA PTY LTD

Business address : Suite 3, Level 4, 627 Chapel Street

Town : South Yarra

Province : Victoria

Zip/postal code : 3141

Country : Australia

Tel : +61 3 98268745

Fax : +61 3 98269586

Email : richardg@minemet.com

Website : www.minemet.com

Registered address : Suite 3, Level 4, 627 Chapel Street

Town : South Yarra

Province : Victoria

Zip/postal code : 3141

Country : Australia

SUMMARY DETAILS

Executive Summary

Date founded or registered : 10/09/2004

Legal form : Australian Proprietary Company

Chief executive : Hugh McKee

Issued & paid up capital : AUD 100

Sales turnover : AUD 1,500,000 (Estimated Non-consolidated 12 months, 30/06/2012)

Line of business : Sourcing, import and export of scrap metal.

Staff employed : 4 employees

CREDIT RISK OPINION

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 fair

Organization structure : Organizational structure is acceptable

Detrimental : No detrimental found

Payment history : No payment delays noted

STATUTORY DETAILS

Registry Data

Registration date : 10/09/2004

Legal form : Australian Proprietary Company

Registration no Australia Company Number: 110920931

Registered authority : Australian Securities and Investments Commission

Fiscal/ Tax no : Australia Business Number: 50110920931

Registry status : Live/Active

Previous name : None reported.

Change of legal form : None reported.

MANAGEMENT / DIRECTORS

Key Management

Name : Hugh McKee

Designation : Managing Director

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

Appointments

Name : Hugh McKee

Designation : Director and Company Secretary

Appointment date : 10/09/04

Address : 1 Pascoe Street

Glen Iris, VIC 3146

Australia

Biography : Born on 04-03-1971 in Mount Isa, Queensland, Australia.

Staff employed : 4 employees

SHARE CAPITAL

Composition

Authorized Capital : AUD 100

No of shares : 100 Ordinary Shares

Share par value : AUD 1

Issued capital : AUD 100

Paid up capital : AUD 100

OWNERSHIP / SHAREHOLDERS

How listed : Full List

Composition

Shareholder name : Peter Sheldon

Address : Unit 16, 7 Clifford Street

Mosman, NSW 2088

Australia

No. of shares : 5 Ordinary Shares

Shareholder name : Hugh McKee

Address : 1 Pascoe Street

Glen Iris, VIC 3146

Australia

No. of shares : 95 Ordinary Shares

RELATED COMPANIES & CORPORATE AFFILIATIONS

Structure

Name : MINEMET TRADING PTE. LTD.

Affiliation type : Subsidiary

Address : Singapore

BANK & MORTGAGES

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 banker's references are required.

Mortgages : None reported.

Legal Fillings

Bankruptcy fillings : None reported.

Court judgements : None reported.

Tax liens : None reported.

Others : None reported.

FINANCIAL DATA

Description

Source of financial statement : External Sources

Financial statement date : 30/06/12

Type of accounts : Estimated key figures

Currency : Australia Dollar (AUD)

Exchange rate : 1 USD = AUD 0.96 as of 01-11-2012

Summarized Financial Information

Consolidation type : Non Consolidated

Currency : Australia Dollar (AUD)

Denomination : (x1) One

Date of financial year end : 30/06/12

Length of accounts : 12 months

Sale turnover / Income : 1,500,000

Comments : 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.

OPERATION DETAILS

Main activities : The Subject engages in sourcing, import and export of scrap metal.

Product & services : - Scrap metals: Copper, Brass, Aluminium, Zinc, Stainless Steel, Ferrous

- Recyclable materials

Purchases

International : Mainly from China, India

Sales

Local : Yes

International : Mainly to China, India

Property & Assets

Premises : The Subject operates from premises located at the verified heading

address consisting of an administrative office.

Branches : None reported.

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) & Economic Overview

Central bank : Reserve Bank of Australia

Reserve of foreign exchange & gold : US$ 43.879 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 : 2009: 1.8%

2010: 2.8%

2011: 3.4%

Unemployment rate : 2009: 5.6%

2010: 5.2%

2011: 5.1%

Public debt

(General Government gross debt as

a % GDP): 2009: 16.9%

2010: 20.4%

2011: 22.9%

Government bond ratings : Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

Market value of publicly traded

shares: US$1.258 trillion

Largest companies in the country : Commonwealth Bank (Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials), National Australia Bank (Banking), ANZ Banking (Banking), Telstra (Telecommunications)

Trade & Competitiveness Overview

Total exports : US$210.7 billion

Exports commodities : Coal, iron ore, gold, meat, wool, alumina, wheat

Total imports : US$187.2 billion

Imports commodities : Machinery and transport equipment, computers and office machines,

telecommunication equipment and parts, crude oil and petroleum products

Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India

5.5%, UK 4.2%

Import - major partners China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%,

UK 4.3%, Thailand 4.2%

FDI Inflows : 2008: US$46,843 million

2009: US$25,716 million

2010: US$32,472 million

FDI Outflows : 2008: US$33,604 million

2009: US$16,160 million

2010: US$26,431 million

Best countries for doing business : 10 out of 183 countries

Global competitiveness ranking : 20 (ranking by country on a basis of 142, the first is the best)

Country and Population Overview

Total population : 22.23 million

Total area : 7,692,024 km2

Capital : Canberra

Currency : Australian dollars (AUD)

Internet users as % of total

population: 76%

PAYMENT HISTORY

Purchase Term

International : Prepayment, L/C, Telegraphic transfer, Credit 30-60 days

Sales Term

Local : Prepayment, Bank transfer, Credit 30-60 days

International : Prepayment, L/C, Telegraphic transfer, Credit 30-60 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. 62.11
UK Pound	1	Rs. 103.38
Euro	1	Rs. 85.32

INFORMATION DETAILS

Report Prepared by :

DPT

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