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Report No. : |
353723 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SYDNEY ALUMINIUM
COMPANY P/L |
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Registered Office : |
Coca - Cola Place' Level 17, 40 Mount
Street North Sydney NSW, 2060 |
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Country : |
Australia |
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Date of Incorporation : |
28.08.2013 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Buying and selling of scrap metal |
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Employees: |
Not Available |
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
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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.
|
Source
: CIA |
SYDNEY ALUMINIUM COMPANY P/L
ACN 165537468
ABN 82165537468
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Incorporated |
2013 |
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Line of Business |
Buying and selling of scrap metal |
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Status |
Not determined |
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Chief Executive Officer |
SYED, NIZAMUDDIN |
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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
Incorporation Date 28 Aug 2013
Incorporation State NSW
Registered Office 'COCA - COLA PLACE' LEVEL 17,
40 MOUNT STREET
NORTH
SYDNEY NSW, 2060
Current Directors Total: 1
Director Name SYED, NIZAMUDDIN
Appointment Date 28 Aug 2013
Date of Birth 10 Jun 1982
Place of Birth BANGALORE INDIA
Gender MALE
Resident Overseas N
Address 284 BRIDGE RD, GLEBE NSW
2037
Document Number 1E9735183
Current Secretaries Total: 1
Secretary Name SYED, NIZAMUDDIN
Appointment Date 28 Aug 2013
Date of Birth 10 Jun 1982
Place of Birth BANGALORE INDIA
Address 284 BRIDGE ROAD GLEBE NSW,
2037
Document Number 1E9735183
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 1E9735183
Current Shareholders
Shareholder Name SYED, NIZAMUDDIN
Address 284 BRIDGE ROAD GLEBE NSW,
2037
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E9735183
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 LEVEL 17,
40 MOUNT STREET
NORTH
SYDNEY NSW, 2060
TELEPHONE 0406
290 988
0405
376 868
EMAIL info@sydneyaluminium.com
WEBSITE www.sydneyaluminium.com
BANK Not
determined
EMPLOYEES Not
determined
The subject was incorporated in New South Wales o 28 August 2013 under
the current style.
The subject is believed to operate in the buying and selling of scrap
metal.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 7 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, contact with the subject or its
principals was unable to be established. Upon calling the number provided ((02)
8415 9993), it was advised that this number is no longer valid for the subject.
Upon calling the above listed number 0406 290 988, the number was
forwarded to voice mail. Despite messages left no reply has been received. An
email was also sent to the above listed address, however again 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.66.79 |
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|
1 |
Rs.101.10 |
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Euro |
1 |
Rs.73.10 |
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AUD |
1 |
Rs.48.26 |
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 : |
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.