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Report No. : |
316328 |
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Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ORIGIN TRADERS PTY LTD |
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Registered Office : |
10 Holbeche Rd Arndell Park, Nsw 2148 |
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Country : |
Australia |
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Date of Incorporation : |
13.12.2004 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the import and distribution of coffee, tea and
pepper. |
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No. of Employee : |
Not Available |
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 : |
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
|
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 2014, Australia had experienced more
than 20 years of continued economic growth, averaging more than 3% 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 |
REGISTERED NAME ORIGIN TRADERS PTY LTD
ACN: 112 170 653
ABN: 26 112 170
653
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Established |
2005 |
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Incorporated |
2004 |
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Line of Business |
Coffee and tea distributors |
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Status |
Trading |
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Adverse Listings |
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Details pertaining to the subject’s financial and trading position were
unable to be obtained for the current enquiry.
COMPANY TYPE Australian Proprietary
Company
INCORPORATED 13 December 2004
REGISTERED ADDRESS 10 Holbeche Rd
ARNDELL
PARK, NSW 2148
SHARECAPITAL $220,020
SHAREHOLDERS GANAPATHY, Rajeev Holds 88,008 shares
KELACHANDRA,
KURUVILA Holds 110,010 shares
SOMAIAH,
Nithya Holds 22,022
shares
DIRECTORS SOMAIAH, Nithya
17
Emery Rd
BEAUMONT
HILLS, NSW 2155
GANAPATHY,
Rajeev
8
Cornhill Pl
CHERRYBROOK,
NSW 2126
SECRETARY SOMAIAH,
Nithya
17
Emery Rd
BEAUMONT
HILLS, NSW 2155
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 10 Holbeche Rd
ARNDELL
PARK, NSW 2148
TELEPHONE (612)
9679 9494
MOBILE 0401
267 258
FACSIMILE (612)
9481 7175
WEBSITE http://www.origintraders.com.au/
TRADING STYLE ORIGIN
COFFEE
BANK ANZ
BANKING GROUP
EMPLOYEES Not
determined
The subject was incorporated in New South Wales on 13 December 2004
under the current style.
Operations were established as a new venture in February 2005.
The subject operates in the import and distribution of coffee, tea and
pepper.
The subject is one of Australia’s growing suppliers of green coffees and
teas. Green coffees are sourced from 15 different countries, including single
coffee plantations, co-operative small growers and specialized exporters. The
tea varieties are sourced from India and Sri Lanka.
Tees include Darjeeling tea, Assam tea, Nilgiri tea and Ceylon Tea.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 7 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 with Director Nithya Somaiah he declined to
be of any assistance for the current enquiry unless the source of the enquiry
was released.
Subsequently current financial and trading details pertaining to the
subject were unable to be obtained for the current enquiry.
Details pertaining to the subjects suppliers were not released for the
current enquiry.
A trade survey on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.39 |
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|
1 |
Rs.91.06 |
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Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
SDA |
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.