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Report No. : |
352131 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
OREKINETICS P/L |
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Registered Office : |
Suite 3, 10 Cloyne Road Southport QLD,
4215 |
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Country : |
Australia |
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Date of Incorporation : |
21.09.1999 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates as a
provider of mineral separation technologies and its subject specialises in process solutions particularly to the Titanium
Minerals Industry |
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No. of Employee : |
Not Available |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
REGISTERED NAME OREKINETICS P/L
ACN
089630928
ABN
33089630928
Summary
Panel
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Established |
1999 |
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Incorporated |
1999 |
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Line of Business |
Mineral separation technologies |
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Status |
Trading |
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Chief Executive Officer |
Peter Gates |
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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
Status Registered
Incorporation Date 21 Sep 1999
Incorporation State QLD
Registered Office SUITE 3, 10 CLOYNE
ROAD
SOUTHPORT QLD, 4215
Current Directors Total: 1
Director Name GATES, PETER JON
Appointment Date 21 Sep 1999
Date of Birth 05 Feb 1961
Place of Birth TRUNDLE NSW
Gender MALE
Resident Overseas N
Address 50 CHARLES KURZ DR,
WORONGARY QLD 4213
Document Number 014884463
Current Secretaries Total: 1
Secretary Name GATES, PETER JON
Appointment Date 21 Sep 1999
Date of Birth 05 Feb 1961
Place of Birth TRUNDLE NSW
Address 50 CHARLES KURZ DRIVE
WORONGARY QLD, 4213
Document Number 014884463
Company Shares Total: 120 Amount: $120
Class A CLASS ORDINARY [A]
Number of Shares Issued 120
Paid Capital $120.00
Total Amount Due and Payable $0.00
Document Number 0E4270329
Current Shareholders
Shareholder Name GATES, PETER JON
Address 50 CHARLES KURZ DRIVE
WORONGARY QLD, 4213
Class A
Number Held 96
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E0167844
Shareholder Name GATES INVESTMENTS PTY
LTD
ACN 101134089
ABN 44101134089
Address 50 CHARLES KURZ DRIVE
WORONGARY QLD, 4213
Class A
Number Held 24
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 1E8500188
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 19
Argon St
CAROLE
PARK, QWLD 4302
TELEPHONE (617)
3271 2036
EMAIL info@orekinetics.com.au
WEBSITE http://www.orekinetics.com.au/
BANK Not
determined
EMPLOYEES Not
determined
The subject was incorporated in Queensland on 21 September 1999 to
commence operations under the current style as a new venture.
The subject operates as a provider of mineral separation
technologies.
The subject specialises in process
solutions particularly to the Titanium Minerals Industry. The subject commenced
its own research and succeeded in the development of the UltraStat conductive
induction separator in 1999.
Following this, OreKinetics
further research resulted in the successful development of the CoronaStat
ionised field separator in mid 2000.
OreKinetics worked closely
with the titanium minerals industry and has supplied its proprietary technology
to every major processing plant worldwide.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 27 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 investigation contact with Director Peter Gates
was unable to be established. Despite messages left and an email sent, no reply
has been received.
As a result, details pertaining to the subject’s financial and
trading position could not be obtained for 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.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
|
AUD |
1 |
Rs.48.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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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 |
|
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 |
|
-- |
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.