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Report No. : |
351721 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MASTER BUTCHERS CO-OPERATIVE LIMITED |
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Registered Office : |
203 215 Hanson Rd, Athol Park, SA 5012 |
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Country : |
Australia
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Date of Incorporation : |
08.02.1905 |
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Legal Form : |
Co-operative Society |
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Line of Business : |
The subject operates as a cooperative with 524 members consist of
retail and wholesale butchers, supermarkets, small goods manufacturers,
abattoir operators, boning room operators, and seafood and poultry
manufacturers and retailers mainly in South Australia, Northern Territory
& Western Victoria. The subject
operates in the following divisions:
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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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 |
REGISTERED NAME MASTER BUTCHERS CO-OPERATIVE LIMITED
T/AS
MBL ADELAIDE
ABN: 52 874 245 597
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Summary Panel |
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Established |
1905 |
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Incorporated |
1905 |
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Line of Business
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Butchers co-operative |
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Status |
Trading |
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Chief Executive
Officer |
MCLEAN, WARREN |
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For the last financial year ended 30 June 2015 the subject traded
profitably and recorded revenue of $60,000,000.
A similar result is expected for the current financial year ending 30
June 2016.
At 30 June 2015 the subject recorded total assets of $37,000,000 and Net
Assets of $24,000,000.
Company Type Co-operative Society
Registration Number: SC35
Registered State: South Australia
Registration Date: 08/02/1905
Address: 203
215 Hanson Rd
Athol Park, SA 5012
Status: Registered
Type: Co-Operative
Societies
MCLEAN, WARREN (CEO)
UJVARY, GEORGE
CARTER, BRUCE (CHAIRMAN)
RANKIN, MIKE
SLAPE, MIKE
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).
TRADING ADDRESS 203 215 Hanson Rd
Athol
Park, SA 5012
TELEPHONE (618)
8417 6000
FACSIMILE (618)
8417 6001
WEBSITE www.mblsa.com.au
RENDERING FACILITIES KEITH
SA
WINGFIELD,
SA
BANK
Not determined
EMPLOYEES 110
The subject was incorporated as a registered co-operative in South
Australia on 8 February 1905.
The subject was formed as a Co-operative in 1905 by South Australian
Butchers to service the Meat Industry in a variety of operations.
The subject remains as a Co-operative, registered under the
Co-operatives Act (1997
The subject operates as a cooperative with 524 members consist of retail
and wholesale butchers, supermarkets, small goods manufacturers, abattoir
operators, boning room operators, and seafood and poultry manufacturers and
retailers mainly in South Australia, Northern Territory & Western Victoria.
The subject operates
in the following divisions:
MBL Food Service - a leader in packaging,
food ingredients and equip Service aims to provide innovative, high quality and
cost effective product solutions to your food business by sourcing the best
products available locally and overseas, developing collective buying power
strategies, and having a dedicated team of industry experts whose knowledge is
available to help you grow your business.
MBL Machinery - The machinery
division supplies an extensive range of food processing equipment and machinery
specializing in butchers' machinery. They also stock a wide range of domestic
butchers' machinery.
MBL Proteins - This division recycle a wide
range of food industry waste by way of collection and processing of by-products
such as fat, bones and mixed abattoir material from our members in two modern
environmentally sound plants, at Wingfield and Keith in South Australia.
MBL Proteins produces meat meal, bone meal,
blood meal, duck meal, poultry meal, poultry tallow, feather meal and
tallow which is sold on the local and export markets.
A search of 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 Financial
Controller, he advised that for the last financial year ended 30 June 2015 the
subject traded profitably and recorded revenue of $60,000,000.
A similar result is expected for the current financial year ending 30
June 2016.
At 30 June 2015 the subject recorded total assets of $37,000,000 and Net
Assets of $24,000,000.
The subject distributes all profits each year in the form of shares and
cash to its members.
Further financial details were unable to be obtained for the current
enquiry.
A trade survey on the subject traced the following accounts:
1. (Ennio) Purchases average $1,000 per month
on 30 day terms. Payment is met in 30 days and the account is considered
satisfactory having been known for over 10 years.
2. Nominated supplier
failed to respond to correspondence despite chasing.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.52 |
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|
1 |
Rs.100.44 |
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Euro |
1 |
Rs.70.44 |
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AUD |
1 |
Rs.48.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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HEE |
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Report Prepared
by : |
TPT |
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.