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Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
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Name : |
ENERGY & LIGHTING SOLUTIONS AUSTRALASIA
PTY LTD |
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Registered Office : |
C/O D.A. Reineker Accounting & Taxation Services, Suite 7,Parkwood Piazza, 300 Olsen Avenue, Parkwood, Queensland, Postal Code 4214 |
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Country : |
Australia |
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Date of Incorporation : |
22.07.2010 |
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Com. Reg. No.: |
145367666 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Importer and distributor of energy efficient
lighting products. |
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No. of Employees : |
Mr. Matthew James Nicholas
is the only director and employee of the Subject |
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 : |
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 : ENERGY & LIGHTING SOLUTIONS
AUSTRALASIA PTY LTD
Business address : 'H20 Broadwater', Unit 2202
82 Marine Parade
Town : Southport
Province : Queensland
Zip/postal code : 4215
Country : Australia
Tel : +61 7 56414799 / 400001249 (Mobile No.)
Email : matt.nicholas@energyandlighting.com.au
Website : www.elsaglobal.com
Registered address : C/o D.A. REINEKER ACCOUNTING & TAXATION
SERVICES
Suite 7,
Parkwood Piazza
300 Olsen
Avenue
Town : Parkwood
Province : Queensland
Zip/postal code : 4214
Country : Australia
Postal address : P.O. Box 3382
Helensvale Town Centre
Town : Gold Coast
Province Queensland
Zip/postal code : 4212
Country : Australia
Comments : The Subject does not operate from a physical office
in Australia and all
correspondence is conducted
through the director's residential premises located
at the verified
address above.
Executive Summary
Date founded or registered : 22/07/2010
Legal form : Australian
Proprietary Company
Chief executive : Matthew James Nicholas
Issued & paid up capital
: AUD 10
Line of business : Import and distribution of
energy efficient lighting products.
Staff employed : Mr. Matthew James
Nicholas is the only director and employee of the Subject
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is in
start-up phase
Management experience : Management is modestly experienced
Financial performance : Financial performance is
undetermined
Organization structure : Organizational structure is
acceptable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 22/07/2010
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 145367666
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 85145367666
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Matthew
James Nicholas
Designation : Managing Director
Appointments
Name : Matthew
James Nicholas
Designation : Director and Company
Secretary
Appointment date : 31/08/11
Address : 'H20
Broadwater', Unit 2202
82 Marine
Parade
Southport,
QLD 4215
Australia
Biography : Born on
26-04-1973 in Takapuna, New Zealand.
Staff employed : Mr. Matthew James Nicholas
is the only director and employee of the Subject
Composition
Authorized Capital : AUD 10
No of shares : 10 Ordinary Shares
Share par value AUD
1
Issued capital : AUD 10
Paid up capital : AUD 10
How listed : Full List
Composition
Shareholder name : Matthew James Nicholas
Address : 'H20
Broadwater', Unit 2202
82 Marine
Parade
Southport,
QLD 4215
Australia
No. of shares : 10 Ordinary Shares
% of shares : 100%
Structure
Related companies and
corporate affiliations comments : None reported.
Bank Details
Name of bank : The Australia and New Zealand
Banking Group Limited
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
Comments : The representative contacted Mr.
Matthew James Nicholas declined to provide
any
financial information until the inquiring party details are revealed.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities : The Subject engages in import and
distribution of energy efficient lighting products.
The
Subject's customers include Goodman Fielder, CSR, Campbell
Arnotts, Pepsico,
Stratco and Parmalat in Australia.
Product & services : -
Street lighting products
-Induction Lighting products:
Garage lighting products, architecture lighting
products, tunnel lighting
products, flood lighting products etc.
-LED Down Lights
-LED Panel Lighting products
-Explosion
proof and clean room lighting products
-Elemental
Energy Technologies (EET) Tidal Turbines
-Elemental Energy Technologies (EET) Marine Turbines
Brand : AMKO SOLARA
Purchases
International : Taiwan
Sales
Local : Yes
International : New Zealand, United Kingdom,
South Africa (as reported)
Property &
Assets
Premises : The Subject operates from
residential premises at the verified heading
address consisting of an administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 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
(General Government gross
debt as
a % GDP) 2010:
20.4%
2011:
22.9%
2012: 24%
Government bond ratings : Standard & Poor's: AAA
Moody's
rating: Aaa
Moody's
outlook: STA
Market value of publicly
traded shares : US$1.198 trillion
Largest companies in the
country : Qantas Airways
(Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal
Services),Crown Ltd (Casinos &
aming), 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
Population 79%
PAY
Purchase Term
International : Telegraphic transfer, Credit
30 days
Sales Term
Local : Bank transfer,
Prepayment, Credit 30 days
International : Telegraphic transfer,
Prepayment, Credit 30 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
NT HISTORY
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.24 |
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UK Pound |
1 |
Rs.102.17 |
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Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.