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Report No. : |
317719 |
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Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
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Name : |
A. I TOPPER & CO PTY LTD |
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Registered Office : |
Level
2, 287 Clarence Street Sydney NSW, 2000 |
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Country : |
Australia |
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Date of Incorporation : |
03.12.1954 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the producers, processors and exporters of raw, semi-processed and finished stocks. |
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No. of Employees : |
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
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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 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.
|
Source
: CIA |
REGISTERED NAME A.
I TOPPER & CO PTY LTD
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
In view of the above
the subject has been assigned with a rating of ‘NA 5’.
CORPORATE SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 03 Dec 1954
Incorporation State NSW
Registered Office LEVEL 2, 287 CLARENCE
STREET
SYDNEY NSW, 2000
Current
Directors Total: 2
Director Name TOPPER, BRIAN
Appointment Date 12 Jan 1977
Date of Birth 07 Jul 1950
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas
N
Address 32
CHAMBERLAIN AVE, ROSE
BAY NSW 2029
Document Number -
Director Name TOPPER, VICTOR
Appointment Date 03 Nov 1971
Date of Birth 13 Oct 1946
Place of Birth LONDON UNITED KINGDOM
Gender MALE
Resident Overseas
N
Address 1,
44 NEW BEACH RD, DARLING
POINT NSW
2027
Document Number 025829239
Current
Secretaries Total: 1
Secretary Name TOPPER, VICTOR
Appointment Date
20 Oct 1969
Date of Birth 13 Oct 1946
Place of Birth LONDON UNITED KINGDOM
Address UNIT
1, 44 NEW BEACH ROAD
DARLING
POINT NSW, 2027
Document Number 025829239
Current
Other Organisation Officers Total: 1
Officer Role Appointed Auditor
Officer Name EINFELD SYMONDS - BDV
ACN
074577665
Appointment Date 03 Dec 1954
Address LEVEL
10 CITY CENTRE, 55
MARKET STREET
SYDNEY NSW,
2000
Document Number 5E0296615
Company
Shares Total: 10100 Amount:
$20,200
Class A SHARES
[A]
Number of Shares Issued 1000
Paid Capital $2,000.00
Total Amount Due and Payable $0.00
Document Number 001186461
Class B SHARES
[B]
Number of Shares Issued 9000
Paid Capital $18,000.00
Total Amount Due and Payable $0.00
Document Number 001186461
Class Z SHARES
[Z]
Number of Shares Issued 100
Paid Capital $200.00
Total Amount Due and Payable $0.00
Document Number 001186461
Current
Shareholders
Shareholder Name AGGREGATE HOLDINGS PTYLTD
ACN 000455881
ABN 24000455881
Number Held 1000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Address LEVEL
2, 287 CLARENCE
STREET
SYDNEY NSW, 2000
Class A
Document Number 021437909
Shareholder Name AGGREGATE HOLDINGS PTYLTD
ACN 000455881
ABN 24000455881
Address LEVEL
2, 287 CLARENCE
STREET SYDNEY
NSW, 2000
Class B
Number Held 9000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 002158690
Shareholder Name AGGREGATE HOLDINGS PTYLTD
ACN 000455881
ABN 24000455881
Address LEVEL
2, 287 CLARENCE
STREET
SYDNEY NSW, 2000
Class Z
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 002158690
SECURITY INTERESTS
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 Level 2, 287 Clarence St
SYDNEY NSW 2000
TELEPHONE (612) 9261 1900
FACSIMILE (612) 9264 1466
EMAIL leather@aitopper.com.au
WEBSITE www.aitopper.com.au
HOLDING ENTITY AGGREGATE HOLDINGS P/L
ULTIMATE HOLDING
ENTITY CLABURN INVESTMENTS P/L
BANK Not determined
EMPLOYEES Not determined
The subject was incorporated in New South Wales on 3 December 1954 to commence operations under the current style as a new venture founded by Arnold Topper.
The subject operates in the producers, processors and exporters of raw, semi-processed and finished stocks.
The subject has developed
from its beginnings as a merchant trader of Raw Sheepskins and Hides, to its
standing today as a market leader, handling all stages of production from Raw
Salted Stocks through to Finished Leathers.
The subject has
established processing plants in all major Hide and Skin producing regions,
with facilities specialising in each of the following – Brine cured Cattle
Hides, Wetblue Cattle Hides, Wetblue Splits, Pickle/Wetblue Hide Grains,
Kangaroo Skins and Finished Leathers, Sheepskins, Lambskins, Goatskins and
Horse Hides.
In recent years, AI
Topper has developed transparent alliances with a number of key Meatworks
across Australia.
Activities are conducted from premises located at the above listed trading address.
A search of of on 16 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 investigation contact with the subjects financial controller, Evan, was unable to be established. Despite messages and an email being sent, no reply has been received.
As a result, details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.
During the current investigation, contact with the subject’s principals was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.62.92 |
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|
1 |
Rs.93.57 |
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Euro |
1 |
Rs.67.34 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared by
: |
VNT |
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 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.