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Report No. : |
317614 |
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Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
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Name : |
MINEMET AUSTRALASIA PTY LTD |
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Registered Office : |
Suite 6, 209 Toorak Road,
South Yarra, Victoria, Zip code
3141 |
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Country : |
Australia |
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Date of Incorporation : |
10.09.2004 |
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Com. Reg. No.: |
110920931 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
engaged in Sourcing,
Import and Export of Scrap Metal (Including Copper, Brass, Aluminium, Zinc,
Stainless Steel, Ferrous) & Recyclable
Materials |
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No. of Employees : |
07 |
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 |
Verified Address
Subject name : MINEMET AUSTRALASIA PTY LTD
Business address : Suite 6, 209 Toorak Road
Town : South Yarra
Province : Victoria
Zip/postal code : 3141
Country : Australia
Tel : +61 3 98268745
Fax : +61 3 98269586
Email : hmckee@minemet.com
Website : www.minemet.com
Registered address : Suite 6, 209 Toorak Road
Town : South Yarra
Province : Victoria
Zip/postal code : 3141
Country : Australia
Executive Summary
Date founded or registered : 10/09/2004
Legal form : Australian
Proprietary Company
Chief executive : Hugh McKee
Issued & paid up capital
: AUD 100
Line of business : Sourcing, import and export
of scrap metal.
Staff employed : 7 employees
Credit Risk
Interpretation
Credit risk theory : Some indications of
financial and operational stress. More caution is
recommended
when considering granting credit. Smaller credits plus loan
guarantees
is an advantage. This is due to insufficient financial data. A strict
credit
control policy applies.
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is
undetermined
Organization structure : Organizational structure is
acceptable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 10/09/2004
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 110920931
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian
Business Number: 50110920931
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Hugh McKee
Designation : Managing Director
Appointments
Name : Hugh McKee
Designation : Director and Company Secretary
Appointment date : 10/09/04
Address : 1 Pascoe Street
Glen Iris, VIC 3146
Australia
Biography : Born on 04-03-1971 in Mount
Isa, Queensland, Australia.
Staff employed : 7 employees
Composition
Authorized Capital : AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
How listed : Full List
Composition
Shareholder name : Hugh McKee
Address : 1 Pascoe Street
Glen Iris,
VIC 3146
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
Structure
Name : MINEMET TRADING PTE.
LTD.
Affiliation type : Associate
Address : 4 Robinson Road
#08-01 The
House of Eden
Singapore
048543
Singapore
Bank Details
Name of bank : National Australia Bank
Address : Australia
Account details : Current Account
Mortgages : None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported
Comments : The representative contacted Mr. Hugh McKee
declined to provide any financial
information until the
inquiring party details are revealed.
The Subject is
classified as a small proprietary company by the Australian
Securities &
Investments Commission hence is not required to disclose their
financial statement.
A proprietary company
is defined as small for a financial year if it satisfies at least
two of the following:
- 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 $12.5 million, and
-The company and any
entities it controls have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages
in sourcing, import and export of scrap metal.
Product & services : -
- Scrap metals: Copper, Brass, Aluminium, Zinc, Stainless
Steel, Ferrous
- Recyclable materials
Purchases
International : Mainly from China,
India
Sales
Local : Yes
International : Mainly to China,
India
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of an
administrative office.
Branches : In addition, the Subject
operates from a branch office located in Sydney, Australia.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 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 &
aming), 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)
Trade &
Competitiveness Overview
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 : Prepayment, L/C, Telegraphic
transfer, Credit 30-60 days
Sales Term
Local : Prepayment, Bank
transfer, Credit 30-60 days
International : Prepayment, L/C, Telegraphic
transfer, Credit 30-60 days
NT HISTORY
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.40 |
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UK Pound |
1 |
Rs.92.15 |
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Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
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Report Prepared
by : |
ANK |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.