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Report No. : |
353338 |
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Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CEREALS P/L |
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Registered Office : |
20 Douglas Avenue St Albans Vic, 3021 |
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Country : |
Australia |
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Date of Incorporation : |
05.11.2010 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Not Available |
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Employees : |
1 (Director) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 CEREALS P/L
ACN 147220942
ABN 13147220942
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Established |
2010 |
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Incorporated |
2010 |
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Line of Business |
Not determined |
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Status |
Trading |
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Chief Executive Officer |
Suraj Kumar |
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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 05 Nov
2010
Incorporation State VIC
Registered Office 20
DOUGLAS AVENUE ST
ALBANS VIC, 3021
Current Directors Total: 1
Director Name KUMAR,
SURAJ
Appointment Date 05 Nov
2010
Date of Birth 29
Dec 1968
Place of Birth PHAGWARA,
PUNJAB INDIA
Gender MALE
Veda File Number 178721609
Resident Overseas N
Address 20
DOUGLAS AVE, ST ALBANS
VIC 3021
Document Number 027081709
Current Secretaries Total: 1
Secretary Name KUMAR,
SURAJ
Appointment Date 05 Nov
2010
Date of Birth 29
Dec 1968
Place of Birth PHAGWARA,
PUNJAB INDIA
Address 20
DOUGLAS AVENUE ST
ALBANS VIC, 3021
Document Number 027081709
Company Shares Total: 2 Amount: $0
Class A
SHARES [A]
Number of Shares Issued 2
Paid Capital $0.00
Total Amount Due and Payable $2.00
Document Number 027081709
Shareholder Name PATHAK,
MEENAKSHI
Address 27
ADAMS STREET ST ALBANS
VIC, 3021
Class A
Number Held 2
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 7E6895206
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 20 Douglas Ave
ST
ALBANS, VIC 3021
TELEPHONE (613) 9382 6355
MOBILE 0414 152 225
TRADING STYLES VEG CAFE
CHOCOLATE
ARCADE
BANK Not
determined
EMPLOYEES 1 (Director)
The subject was incorporated
in Victoria on 5 November 2010 under the current style.
Details pertaining
to the subjects operations were unable to be obtained for the current enquiry.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 3
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 Suraj Kumar, he advised that he was busy and
would call our office back in 30 minutes. No reply was received.
Upon chasing
contact with Mr Kumar was unable to be established. When calling his number,
the line was continually diverted to voicemail. Despite messages being left, no
reply has been received.
As a result,
details pertaining to the subjects operating trading and financial position
could not 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.66.79 |
|
|
1 |
Rs.101.10 |
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Euro |
1 |
Rs.73.10 |
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AUD |
1 |
Rs.48.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
SDA |
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 |
-- |
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.