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Report No. : |
336232 |
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Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
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Name : |
NATRAJ FOODS PTY LTD |
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Registered Office : |
118A Macpherson Street, Bronte NSW, 2024 |
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Country : |
Australia |
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Date of Incorporation : |
27.04.2011 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates a licensed and BYO Indian restaurant. |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Australia |
A1 |
A1 |
|
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
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 |
REGISTERED NAME NATRAJ
FOODS PTY LTD
ACN 150597710
ABN 70150597710
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Incorporated |
2011 |
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Line of Business |
Indian restaurant |
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Status |
Trading |
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Chief Executive Officer |
SHETTI, ARUN KRISHNA |
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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
Status Registered
Incorporation Date 27 Apr 2011
Incorporation State NSW
ASIC Document No (Company) 5E2685416
Registered Office 118A MACPHERSON STREET
BRONTE NSW, 2024
Current Directors Total: 2
Director Name SHETTI, JAYAMALA ARUN
Appointment Date 10 Apr 2014
Date of Birth 01 Oct 1967
Place of Birth KARWAR INDIA
Gender MALE
Resident Overseas N
Address 118A MACPHERSON ST,
BRONTE NSW 2024
Document Number 028848990
Director Name SHETTI, ARUN KRISHNA
Appointment Date 27 Apr 2011
Date of Birth 27 Nov 1960
Place of Birth INDIA
Gender MALE
Resident Overseas N
Address 118A MACPHERSON ST,
BRONTE NSW 2024
Document Number 5E2685416
Current Secretaries Total: 1
Secretary Name SHETTI, ARUN KRISHNA
Appointment Date 27 Apr 2011
Date of Birth 27 Nov 1960
Place of Birth null INDIA
Address 118A MACPHERSON STREET
BRONTE NSW, 2024
Document Number 5E2685416
Company Shares Total: 1000 Amount: $1,000
Class ORD SHARES [ORD]
Number of Shares Issued 1000
Paid Capital $1,000.00
Total Amount Due and Payable $0.00
Document Number 5E2685416
Current Shareholders
Shareholder Name SHETTI, ARUN KRISHNA
Address 118A MACPHERSON STREET
BRONTE NSW, 2024
Class ORD
Number Held 500
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SHETTI, JAYAMALA ARUN
Address 118A MACPHERSON STREET
BRONTE NSW, 2024
Class ORD
Number Held 500
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 028848990
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.
TRADING ADDRESS 118a Macpherson St,
Bronte NSW 2024
TELEPHONE (612) 9369 3688
0450
504 940
WEBSITE http://natrajindianrestaurant.com.au/
BANK Not
determined
EMPLOYEES Not determined
The subject was
incorporated in New South Wales on 27 April 2011 under the current style.
Operations have
been established for over 12 years.
The subject operates
a licensed and BYO Indian restaurant with seating for up to 25 people.
The subject is open 7 nights and offers a wide
variety of regional cuisines from South and North India
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 11 August 2015 ailed 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, he advised that any
queries pertaining to the subject should be forwarded to Director Arun Shetti.
Mr Shetti is presently overseas and is not due to return for 6 to 8 weeks.
As a result,
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 provided for the current enquiry.
A trade survey
on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.