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Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
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Name : |
GRACE MELBOURNE
PTY LTD |
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Registered Office : |
35-47 Lithgow Street,
Abbotsford, Victoria, Zip / Postal code 3067 |
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Country : |
Australia |
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Date of Incorporation : |
09.05.2007 |
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Com. Reg. No.: |
125322778 |
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Legal Form : |
Australian Proprietary Company, Limited by Shares |
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Line of Business : |
·
engaged
in retailing of designer women's wear and fashion accessories. ·
Subject also sells its products online and
offers other services such as private styling consultations, tailoring,
alterations services and home delivery. |
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No of Employees : |
05 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 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 |
austrlaia 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 Business address Telephone +61 3 98272133 Email Website |
Registered address |
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Report
Summary |
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Date registered Legal form Key personnel Line of business Staff employed |
Paid-up capital |
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Subject’s Credit Risk Analysis |
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Country risk Operation trend Management experience Financial performance |
Organisation structure Detrimental Payment history |
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Registry Information |
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Date registered Legal form Registration number Registered authority Tax / VAT number |
Statutory status Previous name Change of legal form |
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Key Personnel |
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Name |
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Appointments |
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Name Title Appointment date Address Biography Name Title Appointment date Address Biography |
Staff employed |
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Composition |
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Authorized capital Number / Type of shares Share par value Issued capital |
Paid-up capital |
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Composition |
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How listed Shareholder name Address Number / Type of shares Percentage (%) of shares Shareholder name Address Number / Type of shares Percentage (%) of shares |
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Structure |
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Remarks on corporate affiliations and related companies |
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Bank Details |
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Name of bank Address |
Comments |
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Mortgages |
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None reported. |
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Legal Filings |
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Bankruptcy filings Court judgements |
Tax liens Others |
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Remarks |
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The representative contacted declined
to provide any financial information until the inquiring party details are
revealed. |
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Operational
Details |
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Main activities Products and services Brands |
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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) Government bond ratings Market value of publicly traded shares Largest companies |
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Trade and Competitiveness Overview |
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Total exports Export commodities Total imports Import commodities Best countries for doing business |
Major export partners Major import partners FDI inflows FDI outflows |
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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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International |
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Sales
Term |
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Local |
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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.60.19 |
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UK Pound |
1 |
Rs.102.56 |
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Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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 |
-- |
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.