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Report No. : |
352547 |
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Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
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Name : |
LIVINGSTONE INTERNATIONAL PTY LTD |
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Registered Office : |
106 Epsom Rd Roseberry, NSW 2018 |
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Country : |
Australia |
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Date of Incorporation : |
09.05.1991 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in
the in the marketing, import, export and
distributor of medical, surgical, dental, laboratory, scientific, veterinary,
beauty, first aid & safety and office supplies products. |
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No. of Employee : |
100 |
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
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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 |
LIVINGSTONE INTERNATIONAL
PTY LTD
ACN: 052 001 144
ABN: 66 052 001 144
ADDRESS GIVEN 106 Epsom Rd
ROSEBERRY,
NSW 2018
Summary
Panel
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Established |
1984 |
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Incorporated |
1991 |
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Line of Business |
marketing, import and export of medical laboratory, veterinary,
beauty, first aid & safety and office supplies products |
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Status |
trading |
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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.
In view of the above the subject has been assigned with a rating
of ‘NA 5’.
Company Type Australian
Proprietary Company
INCORPORATED 9
May 1991
REGISTERED ADDRESS 106
Epsom Rd
ROSEBERRY,
NSW 2018
SHARECAPITAL $3
SHAREHOLDERS LIM,
Daniel Holds 3 shares
DIRECTORS GOCK,
Amy
59
Hallam Ave
LANE
COVE, NSW 2066
LOO,
Louis
4,
9 St Georges Rd
PENSHURST,
NSW 2222
SECRETARY GOCK, Amy
59
Hallam Ave
LANE
COVE, NSW 2066
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 106
to 116 Epson Rd
ROSEBERRY,
NSW 2018
TELEPHONE 1300
727 203
FACSIMILE (612)
9313 6444
WEBSITE www.livingstone.com.au
BRANCHES TURELLA,
NSW
MELBOURNE,
VIC
BANK ST
GEORGE BANKING GROUP
EMPLOYEES 100
The subject was incorporated in New South Wales on 9 May 1991
under the current style.
Operations were established as a new venture in 1984. The business
began as a sole proprietorship distributing a limited range of medical
products.
The subject operates in the in the
marketing, import, export and distributor of medical, surgical, dental,
laboratory, scientific, veterinary, beauty, first aid & safety and office
supplies products.
The subject maintains a customer base of over 50,000 customers
located throughout Australia and overseas. Its customer profile includes
dentists, doctors, vets, first-aiders, schools, universities, nursing homes, childcare
centres, beauty salons, pharmacies, hospitals, pathologies, laboratories and
industrial and government accounts.
The subject operates from 2 facilities in Sydney, totalling 16,800
square metres; Rosebery with 10,000 square metres and Turrella with 6,800
square metres.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 30 November 201 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 Company Secretary Amy
Gock she declined to confirm or provide any details pertaining to the subject
for the current enquiry.
As a result information relating to the subjects operating trading
and financial position was 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.75 |
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1 |
Rs.99.61 |
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Euro |
1 |
Rs.70.67 |
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AUD |
1 |
Rs.48.91 |
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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DIV |
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Report Prepared
by : |
TRU |
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.