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Report No. : |
353369 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRUBBER
P/L |
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|
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Registered Office : |
4 Viewline Drive Lysterfield Vic, 3156 |
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Country : |
Australia |
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Date of Incorporation : |
17.09.2014 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates in the resource recovery management of
recyclable rubber |
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No. of Employee : |
1 (active Director) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New business |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 |
FRUBBER P/L
ACN
601877294
ABN
20601877294
Summary
Panel
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Established |
2014 |
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Incorporated
|
2014 |
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Line
of Business |
Distribution of recycled rubber products |
|
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Status |
Trading |
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|
Chief
Executive Officer |
HUANG, GUANHUA |
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Adverse
Listings |
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|
|
Rating |
|
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Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 17
Sep 2014
Incorporation State VIC
Registered Office 4
VIEWLINE DRIVE LYSTERFIELD
VIC, 3156
Current Directors Total: 1
Director Name HUANG, GUANHUA
Appointment Date 17 Sep 2014
Date of Birth 13 Oct 1980
Place of Birth SHUNDE CHINA
Gender MALE
Resident Overseas N
Address 16 MEREDITH ST, MOUNT
WAVERLEY VIC 3149
Document Number 7E7033658
Company Shares Total: 100 Amount: $100
Class ORDINARY [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 2E1013282
Current Shareholders
Shareholder Name HUANG, GUANHUA
Address 4 VIEWLINE DRIVE LYSTERFIELD
VIC, 3156
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number
2E1013282
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.
TRADING
ADDRESS 16 MEREDITH ST, MOUNT
WAVERLEY VIC 3149
TELEPHONE (613) 9088 2812
FACSIMILE (613) 9807 7658
EMAIL rajah@frubber.com.au
WEBSITE www.frubber.com
BANK WESTPAC
BANKING CORP
EMPLOYEES 1 (active Director)
The
subject was incorporated in Victoria on 17 September 2014 to commence
operations as a new venture under the current style.
The subject operates in the
resource recovery management of recyclable rubber in Australia. The subject
provides resource recovery, recycling and safe disposal of rubber.
Frubber
Pty. Ltd. have four solutions to recyclable rubber. The subject provides:
-
TDF(TYRE DERIVED FUEL) FOR ENERGY RECOVERY
-
CARBON BLACK
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RUBBER BUFFERINGS
-
RUBBER GRANULES
Activities are conducted from premises located at the above
listed trading address.
A
search of of on 4 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 interview conducted with Director Guanhua Huang, he confirmed the
subjects search and operational details involved in the import and distribution
of recycled rubber products.
My
Huang advised that he is presently overseas in Taiwan and as a result was
unable to provide any financial or trading details for the current enquiry.
Details
in this regard were subsequently unable to be obtained
Details
pertaining to the subjects suppliers were unable to be obtained 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.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
AUD |
1 |
Rs.48.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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.