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Report No. : |
351713 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
NEILD & CO.
P/L |
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Registered Office : |
Suite 1A C/- Berkmans, 14 Pacific Highway
Wyong NSW, 2259 |
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Country : |
Australia |
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Date of Incorporation : |
04.07.1994 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates in the distribution of ingredients and equipment to
the food service industry. |
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No. of Employee : |
38 |
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 : |
Slow but correct |
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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) |
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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.
|
Source
: CIA |
NEILD & CO. P/L
ACN 065520443
ABN 49065520443
Summary
Panel
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Established |
1994 |
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Incorporated |
1994 |
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Line of Business
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Food ingredients and equipment wholesale |
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Status |
Trading |
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Adverse Listings |
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Rating |
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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 04 Jul 1994
Incorporation State NSW
Registered Office SUITE 1A C/- BERKMANS, 14
PACIFIC HIGHWAY WYONG
NSW, 2259
Current Directors
Total: 2
Director Name FLORIN, LESTER JOHN
Appointment Date 04 Jul 1994
Date of Birth 05 Oct 1951
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 13 HINKLER ST, GREENWICH
NSW 2065
Document Number 007441681
Director Name HARRIS, BRIAN AUBREY
Appointment Date 04 Jul 1994
Date of Birth 27 Oct 1941
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 37B HILLCREST RD, BEROWRA
NSW 2081
Document Number 007441681
Current Secretaries
Total: 1
Secretary Name FLORIN, LESTER JOHN
Appointment Date 04 Jul 1994
Date of Birth 05 Oct 1951
Place of Birth SYDNEY NSW
Address 13 HINKLER STREET
GREENWICH NSW, 2065
Document Number 007441681
Company Shares
Total: 306320 Amount: $306,320
Class ORDINARY SHARES [ORD]
Number of Shares Issued 306320
Paid Capital $306,320.00
Total Amount Due and Payable $0.00
Document Number 0E3456213
Current
Shareholders
Shareholder Name AYRES, NEIL
Address 8 CARIBBEAN PLACE MOUNT
COLAH NSW, 2079
Class ORD
Number Held 5000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E6823972
Shareholder Name BARTORILLA, FRANK
Address 12A DUNMORE STREET
CROYDON PARK NSW, 2133
Class ORD
Number Held 6366
Beneficially Held Y
Fully Paid Y
Jointly Held Y
Document Number 1E9349567
Shareholder Name BARTORILLA, PINA
Address 12A DUNMORE STREET
CROYDON PARK NSW, 2133
Class ORD
Number Held 6366
Beneficially Held Y
Fully Paid Y
Jointly Held Y
Document Number 1E9349567
Shareholder Name HAIN, THOMAS
Address 12 MURRY STREET WEST RYDE
NSW, 2114
Class ORD
Number Held 6084
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E9349567
Shareholder Name BISHOP, JASON PAUL
Address 4 HICKORY PLACE ST CLAIR
NSW, 2759
Class ORD
Number Held 1300
Beneficially Held Y
Fully Paid Y
Jointly Held Y
Document Number 7E5948623
Shareholder Name BISHOP, ELAINE OLIVE
Address 4 HICKORY PLACE ST CLAIR
NSW, 2759
Beneficially Held Y
Fully Paid Y
Class ORD
Number Held 1300
Jointly Held Y
Document Number 7E5948623
Shareholder Name FLORIN MANAGEMENT PTY LTD
ACN 001034395
ABN 70001034395
Address 13 HINKLER STREET
GREENWICH NSW, 2065
Class ORD
Number Held 7580
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 2E0779788
Shareholder Name BANA HARRIS PTY LTD
ACN 600227147
ABN 90600227147
Address 37B HILLCREST ROAD
BEROWRA NSW, 2081
Class ORD
Number Held 70000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E0779788
Shareholder Name HARRIS, BRIAN AUBREY
Address 37B HILLCREST ROAD
BEROWRA NSW, 2081
Class ORD
Number Held 204990
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E0963544
Shareholder Name SCOTT, TANYA
Address 49 LAKEDGE AVENUE
BERKELEY VALE NSW, 2261
Class ORD
Number Held 5000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E0963544
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 12 Boswell Cl
TUGGERAH,
NSW 2259
POSTAL ADDRESS PO Box 209
WYONG,
NSW 2259
TELEPHONE (612) 4353 3844
FACSIMILE (612)
4353 3848
EMAIL orders@neild.com.au
WEBSITE www.neild.com.au
BANK Not
determined
EMPLOYEES 38
The subject was incorporated in New South Wales on 4 July 1994 to
commence operations under the current style as a new venture.
The subject operates in the distribution of ingredients and equipment to
the food service industry.
The subject supplies ingredients and materials used by the Retail Meat Industry throughout
NSW/ACT. The company also does business in other areas of the food industry
e.g. Seafood, Poultry, Fruit & Vegetable Processors and various food
processors.
The subject supplies bags, casings, crates,
cleaning supplies, crumbs, batters, eggwash, knives, marinades, meals,
premixes, netting, paper, film, sheets, point of sale equipment, trays,
seasonings, flavours.
A search of of on 25 November 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 subject’s financial controller
she confirmed the subjects search and operational details however declined to
provide any financial information unless the source of the enquiry was
released.
Subsequently details in this regard were unable to be obtained during
the current investigation.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
A trade survey on the subject traced the following accounts:
1. (Berger Ingredients)
Purchases average $90,000 per month on 30 day terms. Payment is met in 30 days
and the account is considered satisfactory having been known for 5 years.
2. (Almol) Nominated
supplier failed to respond to correspondence despite chasing.
Trade payment from further sources in the past 4 months have traced the
following data for the subject.
Total Owing: $10,459
Total Past Due: $10,459
Average Late Payment Days: 45
All Industries Late Payment Days: 7
Within terms: $0
1 – 30 days past due: $0
31 – 60 days past due: $10,459
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.52 |
|
|
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.70.68 |
|
AUD |
1 |
Rs.48.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
ANK |
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 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.