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Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ALJO HOLDINGS PTY LTD |
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Formerly Known As : |
ALJO HOLDINGS PTY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.06.2002 |
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Com. Reg. No.: |
101066899 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of building, hardware, garden, rural
and civil products. |
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No. of Employees : |
15 |
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 : |
Satisfactory |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
Verified Address
Subject name : ALJO HOLDINGS PTY LTD
Other style / Business name : CONFAST
Business address : 52 Somerset Street
Town : Minto
Province : New South Wales
Zip/postal code : 2566
Country : Australia
Tel : +61 2 96031499
Fax : +61 2 96034396
Email : sales@confast.net.au
Website : www.confast.net.au
Registered address : 52 Somerset Street
Town : Minto
Province : New South Wales
Zip/postal code : 2566
Country :
Australia
Executive Summary
Date founded or registered : 21/06/2002
Legal form : Australian Proprietary Company
Chief executive : Alan Douglas Slater
Issued & paid up capital : AUD 4
Sales turnover : AUD 8,900,000 (Estimated Non-consolidated 12 months, 30/06/2013)
Line of business : Import and distribution of building, hardware, garden, rural and civil products.
Staff employed : 15 employees
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 21/06/2002
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 101066899
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 35101066899
Registry status : Live/Active
Previous name : ALJO HOLDINGS PTY (initial)
Change of legal form : None reported.
Other registration : CONFAST is a business name owned by the Subject under business registration
no: K3364406.
Key Management
Name : Alan Douglas Slater
Designation : Managing Director
Appointments
Name : Alan Douglas Slater
Designation : Director
Appointment date : 21/06/02
Address : 53 Brudenell Avenue
Leumeah, NSW 2560
Australia
Biography : Born on 07-05-1949 in Sydney, New South Wales, Australia.
Name : Jocelyn Elaine Slater
Designation : Director and Company Secretary
Appointment date : 21/06/02
Address : 53 Brudenell Avenue
Leumeah, NSW 2560
Australia
Biography : Born on 18-01-1949 in Sydney, New South Wales, Australia.
Staff employed : 15 employees
Composition
Authorized Capital : AUD 4
No of shares : 1 Class A Share / 1 Class B Share / 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 4
Paid up capital : AUD 4
How listed : Full List
Composition
Shareholder name : Alan Douglas Slater
Address : 53 Brudenell Avenue
Leumeah, NSW 2560
Australia
No. of shares : 1 Class A Share / 1 Ordinary Share
% of shares : 50%
Shareholder name : Jocelyn Elaine Slater
Address : 53 Brudenell Avenue
Leumeah, NSW 2560
Australia
No. of shares : 1 Class B Share / 1 Ordinary Share
% of shares : 50%
Structure
Related companies and corporate
affiliations comments: None reported.
Bank Details
Name of bank : Westpac Bank
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
Description
Source of financial statement : Provided by the Subject
Financial statement date : 30/06/13
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 1.11 as of 25-02-2014
Summarized Financial
Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/13
Length of accounts : 12 months
Sale turnover / Income : 8,900,000
Comments : The financial information was provided by Mr. Alan Douglas Slater.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages in import and distribution of building, hardware, garden, rural and civil products.
Product & services : Concrete accessories
Building Products & Fasteners
Timber Accessories
Hardware Products
Garden & Rural Products
Civil & Landcare Products
Purchases
International : China, India, Malaysia, Bangladesh and Italy
Sales
Local : Yes
International : Fiji
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of an administrative office and warehouse.
Branches : None reported.
Gross Domestic Products
(GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 2010: 20.4%
(General Government gross debt as 2011: 22.9%
a % GDP) 2012: 24%
Government bond ratings : Standard & Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded: US$1.198 trillion
shares
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: 79%
population
Purchase Term
International : Telegraphic transfer, D/P, Credit 30-90 days
Sales Term
Local : Bank transfer, Prepayment, Credit 30-90 days
International : 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.94 |
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1 |
Rs.103.31 |
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Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
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Report Prepared
by : |
NNA |
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.