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Report No. : |
352078 |
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Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ATLAS
EXPORTS P/L |
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|
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Registered Office : |
Suite 50 Bluewater, 15 Labouchere Road South Perth Wa, 6151 |
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Country : |
Australia |
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Date of Incorporation : |
18.10.2002 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Not Available [Note: We tried to confirm
/ obtain the detailed activity but the same is not available from any
sources] |
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No. of Employee : |
Not Available NOTE: It is to be noted that
the company does not have its own operating office in Hong Kong. The company
uses the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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 |
|
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 |
ATLAS EXPORTS P/L
ACN 102556089
ABN 42102556089
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Incorporated |
2002 |
|
|
Line of Business |
Not determined |
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|
Status |
Not determined |
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Chief Executive Officer |
Not determined |
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Adverse Listings |
1 - $2,202,286 |
|
During the current
investigation contact with the subject or its principals was unable to be
established.
As a result,
details pertaining to the subject’s financial position could not be obtained
for the current enquiry
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 18 Oct 2002
Incorporation State WA
Registered Office SUITE 50 BLUEWATER, 15
LABOUCHERE ROAD SOUTH
PERTH WA, 6151
Current Directors Total: 1
Director Name WHITTINGTON, KERRY ANNE
Appointment Date 20 May 2005
Date of Birth 18 Apr 1959
Place of Birth BEVERLEY WA
Gender FEMALE
Resident Overseas N
Address 49 ALNESS ST, APPLECROSS
WA 6153
Document Number 1E1020429
Current Secretaries Total: 1
Secretary Name WHITTINGTON, KERRY ANNE
Appointment Date 20 May 2005
Date of Birth 18 Apr 1959
Place of Birth BEVERLEY WA
Address 49 ALNESS STREET
APPLECROSS WA, 6153
Document Number 1E1020429
Company Shares Total: 1 Amount: $1
Class ORDINARY [ORD]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Document Number 0E8735266
Current Shareholders
Shareholder Name WHITEBAY HOLDINGS PTY LTD
ACN 097245264
ABN -
Address 'BLUEWATER' SUITE 50, 11-15
LABOUCHERE ROAD SOUTH
PERTH WA, 6151
Class ORD
Number Held 1
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number
1E0942611
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 28 Macrae Rd
APPLECROSS,
WA 6153
TELEPHONE Not determined
FACSIMILE Not determined
BANK Not
determined
EMPLOYEES Not determined
The subject was incorporated
in Western Australia on 18 October 2002 under the current style.
Details pertaining
to the subjects operations were unable to be obtained for the current enquiry.
Activities are
conducted from premises located at the above listed trading address.
A search of of on
27 November 2015 traced the following listed against the subject at that date.
Court Writs Total: 1 Amount:
$2,202,286
Action Date 18 Oct 2013
Amount $2,202,286.00
Creditor WELLARD RURAL EXPORTS PTY LTD
Plaint Number 2588/13/WPER
Court Type Supreme Court
Role in Court Action Joint
Co-Borrower -
Status Outstanding
Status Date -
Writ Type SUMMONS
The subject is not
required to lodge financial statements with the Australian Securities and
Investments Commission.
During the current
investigation contact with the subject or its principals was unable to be
established. A search of traced the following number for the subject: 08 9316
4822. Upon calling this number, it was advised that the line is no longer in
use.
A search of records
failed to trace any additional contact details for the subject.
As a result,
details pertaining to the subject’s 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.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
AUD |
1 |
Rs.48.79 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
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|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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.