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Report No. : |
316116 |
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Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
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Name : |
AGRIEX AUSTRALIA PTY LTD |
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Registered Office : |
Suite 602, 70 Pitt Street Sydney Nsw, 2000 |
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Country : |
Australia |
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Date of Incorporation : |
10.05.2010 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates as an exporter of grains and pulses. |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRAs 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 : |
Unknown |
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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 December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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 |
AGRIEX AUSTRALIA PTY
LTD
ACN: 143 550 118
ABN: 38 143 550 118
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Established |
2010 |
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Incorporated |
2010 |
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Line of Business |
Grain traders & exporters |
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Status |
Trading |
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Adverse Listings |
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The subject has been trading profitably and expects similar trading results for the current financial year ending 30 June 2015.
Details financial information was not released for the current enquiry.
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 10 May 2010
Incorporation State
NSW
Registered Office SUITE 602, 70 PITT STREET
SYDNEY NSW, 2000
Start Date 26 Feb 2013
Current
Directors Total: 2
Director Name
BAGARIA, RAJAN
Appointment Date 02
Jun 2010
Date of Birth 15
Nov 1947
Place of Birth
INDIA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number
7E2963401
Director Name
BANSAL, RITESH
Appointment Date 10
May 2010
Date of Birth 30
Sep 1981
Place of Birth
INDIA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number
7E2963401
Current
Secretaries Total: 1
Secretary Name
BULCHANDANI, KISHORE
Appointment Date 21
Sep 2011
Date of Birth 02
Apr 1982
Place of Birth
SURAT INDIA
Address UNIT 1004,
7 KEATS AVENUE
ROCKDALE NSW, 2216
Document Number
7E5032929
Company Shares
Total: 500000 Amount: $500,000
Class ORD SHARES
[ORD]
Number of Shares
Issued 500000
Paid Capital
$500,000.00
Total Amount Due
and Payable $0.00
Document Number
7E3110080
Current
Shareholders
Shareholder Name
BAGARIA, RAJAN
Address 110 TANJONG
RHU ROAD #07-04
SINGAPORE 436928
SINGAPORE
Class ORD
Number Held 500000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number
028001244
Effective 30 January 2012 the Personal Property Securities Register (PPSR) was introduced to give the different Commonwealth, State and Territory laws and registers regarding security interests in personal property under one national system.
As a result of PPS Reform a number of existing Commonwealth, State and Territory personal property security registers will close. Interests registered on existing security interest registers will be migrated to the national PPS Register. Subsequently Registered Charges are no longer lodged with the Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS Suite 602, 70 Pitt St
SYDNEY NSW 2000
TELEPHONE (612) 9232 0690
FACSIMILE (612) 9232 0692
EMAIL info@agriex.com.au
WEBSITE www.agriex.com.au
BANK NATIONAL AUSTRALIA BANK
EMPLOYEES 2
The subject was incorporated in New South Wales on 10 May 2010 under the current style.
The subject operates as an exporter of grains and pulses.
The subject works closely with growers, farmers and packers for procuring its products and cargo through its established network.
Activities are conducted from leased premises located at the above listed trading address.
A search of of on 3 April 2015 failed to trace any litigation listed against the subject at that date.
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current interview conducted with the subjects Manager Joseph, he confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.
It was advised that the subject has been trading profitably and expects similar trading results for the current financial year ending 30 June 2015.
The subject operates purely as a trading company and carries no stock on hand.
The subject maintains access to financing facilities with its bankers which are used to assist in funding working capital requirements.
A trade survey on the subject traced the following accounts:
1. (Central State) Nominated supplier failed to respond to correspondence despite chasing.
2. (Australian Milling Group) Nominated supplier failed to respond to correspondence despite chasing.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.26 |
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1 |
Rs.92.49 |
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Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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
SCs 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.