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Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
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Name : |
NUTRITION CARE PHARMACEUTICALS PTY LTD |
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Registered Office : |
C/o EDMONDSON TURNER & CO. |
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Country : |
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Date of Incorporation : |
06.09.1988 |
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Legal Form : |
Australian Proprietary Company, Limited by Shares |
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Line of Business : |
Subject’s business consist of manufacturing and distribution of nutritional supplements and herbal medicine products |
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No of Employees : |
60 employees |
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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Australia
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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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Verified
Address |
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Subject name |
Registered address |
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Report
Summary |
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Date registered |
Paid-up capital AUD100,000.00 |
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Credit
risk theory Sufficient financial and operational base. Small credits
may be considered with some confidence that commitments will be sustained under
normal circumstances. This is based on criterions such as years of
establishment, number of employees, sales turnover and others. A cautious
credit control policy applies. AUD100,000.00 |
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Subject’s
Credit Risk Analysis |
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Country risk |
Organisation structure |
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Registry
Information |
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Date registered |
Statutory status |
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Key
Personnel |
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Name |
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Appointments |
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Name |
Staff employed |
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Composition |
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Authorized capital |
Paid-up capital |
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Composition |
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How listed |
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Structure |
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Company name |
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Bank
Details |
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Name of bank |
Comments |
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Mortgages |
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None reported. |
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Legal
Filings |
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Bankruptcy filings |
Tax liens |
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Remarks |
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The representative contacted Mr. David Doolan advised that
the Subject’s annual turnover is between AUD 10 million to AUD 18 million.
- 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. |
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Operational
Details |
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Main
activities The Subject engages in manufacturing and distribution of
nutritional supplements and herbal medicine products.
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Purchases |
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Local |
International |
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Sales |
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Local |
International |
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Business
Facilities and Assets |
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Premises |
Branches |
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Gross
Domestic Products (GDP) and Economic Overview |
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Central bank |
Public debt (general Government gross debt as percentage (%) of
GDP) |
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Trade
and Competitiveness Overview |
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Total exports |
Major export partners |
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Country
and Population Overview |
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Total population |
Currency |
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Purchases
Term |
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Local |
International |
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Sales
Term |
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Local |
International |
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Trade
Reference / Payment Behaviour |
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Comments |
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Investigation
Note |
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Sources |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 60.14 |
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1 |
Rs. 101.92 |
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Euro |
1 |
Rs. 80.63 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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.