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Report No. : |
352853 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCED
ADHESIVES PL |
|
|
|
|
Registered Office : |
Level 1 Adoranti
& Co Pty Ltd Adoranti & Co Pty Ltd, 142 Union Street The Junction NSW, 2291 |
|
|
|
|
Country : |
Australia
|
|
|
|
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Date of Incorporation : |
23.06.1997 |
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|
|
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Legal Form : |
Australian Proprietary Company |
|
|
|
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Line of Business : |
The subject
operates in the manufacture and distribution of a range of adhesive products
including: ·
Water-Based Adhesives ·
Solvent-Based Adhesives ·
Hot Melt Adhesives ·
Specialty Adhesive Development |
|
|
|
|
No. of Employees : |
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 |
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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 |
|
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 |
REGISTERED NAME ADVANCED
ADHESIVES PL
ACN 079016550
ABN 19079016550
|
Summary Panel |
||
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Established |
1997 |
|
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Incorporated |
1997 |
|
|
Line of Business |
Manufacture of adhesives |
|
|
Status |
Trading |
|
|
Chief Executive Officer |
Robert Ogg |
|
|
Adverse Listings |
|
|
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 23 Jun 1997
Incorporation State NSW
Registered Office Level 1
Adoranti & Co Pty Ltd Adoranti & Co Pty Ltd, 142 Union Street The Junction NSW, 2291
Current Directors Total: 2
Director Name WILLIAMS, ROGER LLOYD
Appointment Date 02 Feb 1998
Date of Birth 13 Nov 1954
Place of Birth AUCKLAND NEW ZEALAND
Gender MALE
Resident Overseas Y
Address -
Document Number 0E7566374
Director Name OGG, ROBERT
Appointment Date 23 Jun 1997
Date of Birth 01 Nov 1957
Place of Birth GLASGOW UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 111 REEDY RD, MARAYLYA NSW
2765
Document Number 013443333
Current Secretaries Total: 1
Secretary Name OGG, ROBERT
Appointment Date 10 Dec 1998
Date of Birth 01 Nov 1957
Place of Birth GLASGOW UNITED KINGDOM
Address 111 REEDY ROAD MARAYLYA
NSW, 2765
Document Number 07901655I
Company Shares Total: 200 Amount: $200
Class ORDINARY [ORD]
Number of Shares Issued 200
Paid Capital $200.00
Total Amount Due and Payable $0.00
Document Number 07901655H
Current Shareholders
Shareholder Name OGG, ROBERT
Address 111 REEDY ROAD MARAYLYA
NSW, 2765
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 7E1397009
Shareholder Name WILLIAMS, ROGER LLOYD
Address 48 PONGA ROAD, PAPAKURA
AUCKLAND NEW ZEALAND
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 7E2733887
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).
TRADING ADDRESS 5
Dowling Place
SOUTH
WINDSOR, NSW 2756
TELEPHONE (612)
4577 6611
EMAIL enquiries@advancedadhesives.com.au
WEBSITE www.advancedadhesives.com.au
BRANCHES WEST
HEIDELBERG, VIC
BANK Not
determined
EMPLOYEES Not
determined
The subject was incorporated in New South Wales on 23 June 1997 to
commence operations under the current style as a new venture.
The subject operates in the manufacture and distribution of a range of
adhesive products including:
Water-Based Adhesives
The subject have an extensive range of
water-based adhesive products, including PVA, EVA, acrylics, PUD’s, starch,
dextrin and several other adhesive technologies. Environmentally friendly and
cost-effective, the Water-Based adhesives offer an ideal solution to every customer
need.
Solvent-Based Adhesives
From sprayable contact adhesives to Premium
Bond, a trowel grade product formulated for synthetic grass installation, the
range of solvent borne adhesives is comprehensive and supplied in a wide range
of pack sizes suitable for most industrial and trade applications.
Hot Melt Adhesives
The subject manufactures a wide range of Hot
Melt adhesives for use in all popular hot melt equipment, supplying general purpose
and high performance grades for most applications including packaging, book
binding and mattress manufacturing. The range of Pressure Sensitive hot melt
Adhesives (PSA) is also extensive with products to suit most applications.
Specialty Adhesive Development
A search of of on 2 December 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 conctact with Director Robert Ogg was
unable to be established. Despite messages being left, no reply has been
received.
As a result, details pertaining to the subject’s financial and trading
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.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52. |
|
AUD |
1 |
Rs.48.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.