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Report No. : |
336359 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
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Name : |
TELFEET PTY LTD |
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Registered Office : |
272 Settlement Road Thomastown VIC, 3074 |
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Country : |
Australia |
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Date of Incorporation : |
29.02.1988 |
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Legal Form : |
Private company |
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Line of Business : |
Import and distribution of a range of
footwear. |
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No. of Employee : |
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 |
|
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 |
TELFEET PTY LTD
ACN: 006 928 794
ABN: 23 507 819 627
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Incorporated |
1988 |
|
|
Line of Business |
Distribution of
footwear |
|
|
Status |
Trading |
|
|
Chief Executive Officer |
VECCHIO, DINO |
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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 29 Feb 1988
Incorporation
State VIC
Registered Office
272 SETTLEMENT ROAD
THOMASTOWN VIC, 3074
Current Directors
Total: 2
Director Name
VECCHIO, CARMELINA
Appointment Date
03 May 1988
Date of Birth 02
Oct 1947
Place of Birth
CALABIRA ITALY
Gender FEMALE
Resident Overseas
N
Address 123
RADFORD RD, RESERVOIR
VIC 3073
Document Number -
Director Name
VECCHIO, DINO
Appointment Date
03 May 1988
Date of Birth 22
Oct 1944
Place of Birth
CALABRIA ITALY
Gender MALE
Resident Overseas
N
Address 123 RADFORD
RD, RESERVOIR
VIC 3073
Document Number -
Current
Secretaries Total: 1
Secretary Name
VECCHIO, DINO
Appointment Date
03 May 1988
Date of Birth 22
Oct 1944
Place of Birth
CALABRIA ITALY
Address 123
RADFORD ROAD
RESERVOIR VIC,
3073
Document Number -
Company Shares
Total: 2 Amount: $2
Class ORDINARY
[ORD]
Number of Shares
Issued 2
Paid Capital
$2.00
Total Amount Due
and Payable $0.00
Document Number
0E1174888
Current
Shareholders
Shareholder Name
VECCHIO, CARMELINA
Address 123
RADFORD ROAD
RESERVOIR VIC,
3073
Class ORD
Number Held 1
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Shareholder Name
VECCHIO, DINO
Address 123
RADFORD ROAD
RESERVOIR VIC,
3073
Class ORD
Number Held 1
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number 0E1174888
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 Unit 3a
169
Settlement Rd
TOHOMASTOWN,
VIC 3074
TELEPHONE (613) 9464 4422
BANK Not
determined
EMPLOYEES Not determined
The subject was
incorporated in Victoria on 29 February 1988 under the current style.
The subject operates in the import and
distribution of a range of footwear.
Activities are
conducted from premises located at the above listed trading address.
A search of of on
11 August 2015 traced the following litigation listed against the subject at
that date.
Payment Defaults
Total: 1 Amount: $815
Original Account
Details
Credit Provider
TELSTRA CEDIT
MANAGEMENT
Date of Listing
21 Aug 2011
Amount $815
Reason to Report
Payment Default
Update Account
Details
Credit Provider
BAYCORP COLLECT PDL AUS-
3144
Date of Listing
11 May 2012
Amount $815
Reason to Report
Payment Default
Account Number
0301599600
Account Type
Telecommunication Services
Default Status
Outstanding
The subject is
not required to lodge financial statements with the Australian Securities and
Investments Commission.
During the
current all queries pertaining to the subject were forwarded to Director Dino
Vecchio. Mr Vecchio is presently overseas and is not due to return for three
weeks.
As a result, details
pertaining to the subjects operating trading and financial position could not
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 |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
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Report Prepared
by : |
ANK |
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 |
|
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.