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Report No. : |
336736 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SPICE MASTERS AUSTRALIA PTY LTD |
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Registered Office : |
level 4, 56 Clarence St Sydney, New
South Wales 2000 |
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Country : |
Australia |
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Date of Incorporation : |
01.07.1998 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Non trading entity [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
Ceased trading activities |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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) |
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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
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.
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Source
: CIA |
SPICE MASTERS AUSTRALIA PTY LTD
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Established |
1998 |
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Incorporated |
1998 |
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Line of Business |
Not trading |
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Status |
Not trading |
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Adverse Listings |
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Rating |
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Effective 1 July 2015 the subject ceased trading activities. At
this time the assets and operations of the subject were reorganised into the
associated entity Frutex Australia Pty Ltd.
Subsequently financial and trading details pertaining to the
subject were unable to be obtained for the current enquiry.
Company Type Australian
Proprietary Company
Incorporation Date: 01 Jul 1998
Incorporation State: New South Wales
Registered
Office level 4, 56 Clarence St
SYDNEY, New South Wales 2000 Australia
Number of Shares Issued: 100
Paid Capital: 100
Shareholders PANAGIOTIS MAGIROS
Number of Shares: 86
XANTHIPPI TSOUTSAS
Number of Shares: 14
Directors MAGIROS, JAMES PETER
Appointment Date: 01 Jul 1998
Date of Birth: 04 Sep 1978
Gender: Male
Address: 1 HOLLYWOOD Street MONTEREY, New South Wales 2217 Australia
Resident Overseas: No
Secretary JAMES PETER MAGIROS
Appointment Date: 01 Jul 1998
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 2
Wirega Ave
KINGSGROVE,
NSW 2208
TELEPHONE (612)
9750 5544
FACSIMILE (612)
9750 5844
ASSOCIATED ENTITY FRUTEX
AUSTRALIA P/L
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES Nil
The subject was incorporated in New South Wales on 1 July 1998
under the current style.
Effective 1 July 2015 the subject ceased trading activities. At
this time the assets and operations of the subject were reorganised into the
associated entity Frutex Australia Pty Ltd.
The subject is a non trading entity.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 13 August 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 conducted with the subjects
Accountant, Michael, he advised that effective 1 July 2015 the subject ceased
trading activities. At this time the assets and operations of the subject were
reorganised into the associated entity Frutex Australia Pty Ltd.
Subsequently financial and trading details pertaining to the
subject were unable to be obtained for the current enquiry.
The subject is no longer a trading entity.
A trade survey on the subject was subsequently unable to be
conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
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UK Pound |
1 |
Rs.102.23 |
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Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TRU |
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
SCs 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.