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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
THE TRUSTEE FOR BRAND
SYNDICATE UNIT TRUST |
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Registered Office : |
7
Hillburn Street, Runcorn, Queensland 4113 |
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Country : |
Australia |
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Date of Incorporation : |
08.10.2010 |
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Com. Reg. No.: |
60651890131 |
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Legal Form : |
Trust |
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Line of Business : |
Subject
Engages in Import and Inter-Company Sales of Food Products to only Gsm Food
Corporation Pty Ltd. |
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No. of Employees |
Not Divulged |
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 : |
Slow but correct |
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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) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
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
|
Source
: CIA |
Verified Address
Subject
name : THE TRUSTEE FOR BRAND
SYNDICATE UNIT TRUST
Business
address : 7 Hillburn Street
Town :
Runcorn
Province
: Queensland
Zip/postal
code : 4113
Country
: Australia
Tel : +61 412676705
(Mobile No.)
Email
: nischalg@gmail.com
Registered
address : 7 Hillburn Street
Town :
Runcorn
Province
: Queensland
Zip/postal
code : 4113
Country
: Australia
Comments
: The Subject does not
operate from a physical office in Australia and all
correspondence
is conducted through the Subject's director residential premises.
Executive Summary
Date
founded or registered : 08/10/2010
Legal
form : Trust
Chief
executive : Naveen
Gowda
Issued
& paid up capital : Not
required
Line
of business : Import
and inter-company sales of food products.
Staff
employed : Mr.
Naveen Gowda is the only director and employee of the Subject
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is in start-up phase
Management
experience : Management is
inadequately experienced
Financial
performance : Financial performance
is undetermined
Organization
structure : Organizational
structure is acceptable
Detrimental
: No detrimental found
Payment
history : No payment
delays noted
Credit
amount suggestion : Fully secured
terms.
Credit
amount asked : Not
described.
Registry Data
Registration
date : 08/10/2010
Legal
form : Trust
Registration
no Australian Business Number: 60651890131
Registered
authority : Australian
Securities and Investments Commission
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Key Management
Name :
Naveen Gowda
Designation
: Managing Director
Appointments
Name :
Naveen Gowda
Designation
: Director
Appointment
date : 08/10/10
Address
: 7 Hillburn Street
Runcorn, QLD 4113
Australia
Staff
employed : Mr. Naveen Gowda is
the only director and employee of the Subject
Composition
Authorized
Capital : Not required
Issued
capital : Not
required
Paid
up capital : Not
required
How
listed : Full List
Composition
Shareholder
name : Naveen Gowda
Address
: 7 Hillburn Street
Runcorn, QLD 4113
Australia
% of
shares : 100%
Structure
Name :
GSM FOOD
CORPORATION PTY LTD
Affiliation
type : Sister Company
Address
: 7 Hillburn Street
Runcorn, QLD 4113
Australia
Bank Details
Name
of bank : Bank of Queensland
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 bankers 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. Naveen Gowda declined to provide any
financial
information until the inquiring party details are revealed.
The
Subject is classified as a Trust company by the Australian Securities and
Investments
Commission hence is not required to disclose their financial
statement.
Main
activities : The Subject engages in import and inter-company sales of food
products to
only
GSM FOOD CORPORATION PTY LTD.
Purchases
International
: India, Malaysia
Sales
Local
: The Subject only provides inter-company sales to GSM FOOD
CORPORATION
PTY LTD.
International
: No exports.
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 & 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)
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
: Telegraphic transfer, Prepayment, Credit 30 days
Sales Term
Local
: Bank transfer, 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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.80 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.