|
Report No. : |
334082 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD COMMODITIES AUSTRALIA PTY LTD |
|
|
|
|
Registered Office : |
1/290 Victoria Street Darlinghurst, New South Wales 2010 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
15.05.1989 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Subject operates as international merchants of agricultural products such
as animal by products including fats and oils, meat and bone meal, poultry by
products meal, feather meal, fish meal and blood meal, forage, bedding and
grain. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
AUSTRALIA ECONOMIC OVERVIEW
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2015 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. Although demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports, sharp drops in current prices have already impacted growth. 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, although this trend could reverse or slow due to falling 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 entered into free trade agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the ten ASEAN countries and China, Japan, Korea, New Zealand and India. Australia is also working on the Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
STANDARD COMMODITIES AUSTRALIA PTY LTD
ACN: 003 775 102
ABN: 87 003 775
102
|
Established |
1989 |
|
|
Incorporated |
2011 |
|
|
Line of Business |
Distribution of agricultural commodities |
|
|
Status |
Trading |
|
|
Adverse Listings |
|
|
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Company Type Australian
Proprietary Company
Incorporation
Date: 15 May 1989
Incorporation
State: New South Wales
Registered Office 1/290 VICTORIA
Street
DARLINGHURST,
New South Wales 2010 Australia
Number of Shares
Issued: 10
Paid Capital: $10
Shareholders MICHAEL FREDRICK
BETAR
Number of Shares: 9
CRAIG STEPHEN HITCHINGS
Number of Shares: 1
Directors BETAR, MICHAEL
FREDRICK
Appointment Date: 16 May 1989
Date of Birth: 28 Dec 1961
Gender: Male
Address: 89 GLENMORE Road PADDINGTON, New South Wales 2021 Australia
Resident Overseas: No
Veda Advantage File Number: 14089661
Secretary MICHAEL FREDRICK
BETAR
Appointment
Date: 26 Nov 1990
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 1, 274 to 290 Victoria St
DARLINGHRST, NSW 2010
TELEPHONE (612) 9339 00
FACSIMILE (612) 9339 8499
WEBSITE www.stancom.com.au
BANK HSBC BANK AUSTRALIA
EMPLOYEES Not determined
The subject was incorporated in New South Wales on15 May 1989, before
adopting the current style on 18 January 1990.
Operations were established as a new venture in 1989.
In 2011, the subject formed a strategic alliance with Cootamundra
Oilseeds with the goal to expand the production of Canola Oil, Meal and other
specialty products which include organic varieties.
The subject operates as international merchants of agricultural products
such as animal by products including fats and oils, meat and bone meal, poultry
by products meal, feather meal, fish meal and blood meal, forage, bedding and
grain.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 27 July 2015 failed to trace 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 subject’s financial
controller was unable to be established. Despite messages being left, a reply
is yet to be received.
As a result details pertaining to the subject’s current financial and
trading position could not be obtained for the current enquiry.
Past investigations have revealed that the subject has been generating
revenue of between $25,000,000 and $50,000,000
Please note,
should contact with the subjects principals be established and further
information forthcoming this report will be updated and forwarded to you
office.
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 |
|
US Dollar |
1 |
Rs.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.