|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
DESIGNER TILE COMPANY PTY. LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.11.1987 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import, retail sales and wholesale of tiles and related products |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
Verified Address
Subject name : DESIGNER
TILE COMPANY PTY. LTD.
Business address : 904-906
Princes Highway
Town : Springvale
Province : Victoria
Zip/postal code : 3171
Country : Australia
Tel : +61 3 95624646
Fax : +61 3 95463366
Email : info.dtc@designertile.com.au
Website : www.designertile.com.au
Registered address : 2 Police
Road
Town : Springvale
Province : Victoria
Zip/postal code : 3171
Country : Australia
Executive Summary
Date founded or registered : 12/11/1987
Legal form :
Australian Proprietary Company
Chief executive : Paul
Cannizzaro
Issued & paid up capital : AUD
2
Sales turnover : AUD 4,000,000 (Estimated
Non-Consolidated 12 months, 30/06/2012)
Line of business : Import,
retail sales and wholesale of tiles and other related products.
Staff employed : 20
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 : 12/11/1987
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 006880708
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 85006880708
Registry status : Live/Active
Previous name : ICEROSE PTY. LTD. (initial)
Change of legal form : None
reported.
Key Management
Name : Paul Cannizzaro
Designation : Managing Director
Name : Joyce Cannizzaro
Designation : Director
Appointments
Name : Paul
Cannizzaro
Designation : Director
Appointment date : 08/12/87
Address : 72
Kellbourne Drive
Rowville, VIC 3178
Australia
Biography : Born
on 30-06-1959 in Sicily, Italy.
Name : Joyce
Cannizzaro
Designation : Director
and Company Secretary
Appointment date : 08/12/87
Address : 72
Kellbourne Drive
Rowville, VIC 3178
Australia
Biography : Born
on 12-09-1960 in Springvale, Victoria, Australia.
Staff employed : 20
employees
Composition
Authorized Capital : AUD 2
No of shares : 2
Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
How listed : Full List
Composition
Shareholder name : Paul
Cannizzaro
Address : 72
Kellbourne Drive
Rowville, VIC 3178
Australia
No. of shares : 1
Ordinary Share
% of shares : 50%
Shareholder name : Joyce
Cannizzaro
Address : 72
Kellbourne Drive
Rowville, VIC 3178
Australia
No. of shares : 1
Ordinary Share
% of shares : 50%
Structure
Name : DESIGNER
STONE SOLUTIONS AUSTRALIA PTY. LTD.
Affiliation type : Associate
Address : Unit
2, 1 Kitchen Road
Dandenong, VIC 3175
Australia
Bank Details
Name of bank : National
Australia Bank 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
Source of financial statement : Provided
by the Subject
Financial statement date : 30/06/12
Type of accounts : Estimated key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 1.12
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 :
4,000,000
Comments : The representative contacted Mr. Lou Mezio declined to
provide any financial
information until the inquiring party details are revealed. The
estimated turnover
for financial year end 30-06-2012 was provided by Ms. Joyce Cannizzaro
unfortunately she’s currently away for holidays.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The
Subject is engaged in import, retail sales and wholesale of tiles and
other related
products.
Product & services : Products:
Polished and glazed porcelain wall and floor
tiles
Marble mosaics
Glass mosaics
Marble tiles
Services:
Waterproofing, sealing and laying of tiles
Purchases
International : Mainly from Italy, Turkey, India, China, Spain
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject
operates from the verified heading address consisting of a
showroom, warehouse and an
administrative office.
Branches : In addition, the
Subject operates from branch showroom and warehouse
located at: 1664-1666
Centre Road
Springvale, VIC 3171
Australia
Tel: +61 3
95584933
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : U S$
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 & 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
Population : 79%
Purchase Term
International : Prepayment, Telegraphic transfer, D/P, Credit 30-60 days
Sales Term
Local : Cash, Credit card, Prepayment, Bank 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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.