|
Report No. : |
351449 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TA DA OPALS |
|
|
|
|
Registered Office : |
2101 Flats Drive Coober Pedy SA 5723 , PO BOX 1037 Coober Pedy SA 5723 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
28.12.1995 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
The subject operates in the distribution of opals and opal
jewellery. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
A search of failed to trace any registered entity under the given
style. Investigations revealed that the correct business name is TA DA Opals.
TA DA OPALS
ABN:
51 612 650 952
Summary
Panel
|
||
|
Established |
1995 |
|
|
Registered |
1995 |
|
|
Line of Business |
Distribution of opals |
|
|
Status |
Trading |
|
|
Adverse Listings |
|
|
Details pertaining to the subject’s financial and trading position
were unable to be obtained for the current enquiry.
Entity Type: Partnership
Status: Registered
Registration date: 28/12/1995
Renewal date: 28/12/2016
Address for service of documents: PO
BOX 1037 Coober Pedy SA 5723 Australia
Principal place of business: 2101 Flats
Drive Coober Pedy SA 5723
Holder(s) details: Holder Name: DALE
PETER PRICE, TANJA BURK
Holder Type: Partnership
Former State/Territory: SA
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 2101 Flats Drive
Coober Pedy SA 5723
POSTAL ADDRESS PO BOX 1037
Coober
Pedy SA 5723 Australia
TELEPHONE 0438
625 509
BANK Not
determined
EMPLOYEES Not
determined
The subject was registered in South Australia on 28 December 1995 to
commence operations under the current style as a new venture.
The subject operates in the distribution of opals and opal
jewellery.
Activities are conducted from premises located at the above listed
trading address.
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 Proprietor Dale Price,
he confirmed the subjects search details however declined to release any
financial or trading information for the current enquiry.
Details in this regard were subsequently unable to be obtained for
the current enquiry.
Details pertaining to the subjects suppliers were not provided for
the current enquiry.
A trade survey on the subject was subsequently unable to 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.48.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
|
|
|
|
Report
Prepared by : |
TRU |
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.