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Report No. : |
354485 |
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Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
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Name : |
DYNAMICS G-EX PTY LTD |
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Registered Office : |
28 Excelsior Rd Gympie QLD 4570 |
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Country : |
Australia |
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Date of Incorporation : |
16.09.2011 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates as a leading importer, manufacturer and distributor of Exploration,
Geological and Mining Consumables. |
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No. of Employee : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
-- |
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.
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Source
: CIA |
DYNAMICS G-EX PTY LTD
ACN:
153 273 431
ABN:
53 153 273 431
Summary
Panel
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Established |
2011 |
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Incorporated |
2011 |
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Status |
Trading |
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Line of Business |
Distribution of mining and geological supplies |
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The subject has grown operations in recent years to the acquisition
of the Core Tray Company and Wynns Geological.
For the 12months ending 31 December 2015 the subject will generate
revenue of $6,000,000.
The subject maintains access to financing facilities with its
bankers. These are not used as all operations are able to be funded through the
internal cashflows of the company.
Enquiries in trade quarters revealed satisfaction from
suppliers contacted in dealing with the subject on a credit basis.
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 16 September 2011
Incorporation State QLD
Registered Office 28 Excelsior Rd Gympie QLD 4570
Current Directors Total: 4
Director Name DORMER, TRAVIS CAMPBELL
Appointment Date 26 Feb 2015
Date of Birth 10 Dec 1995
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 68 GROUNDWATER RD, GYMPIE
QLD 4570
Director Name DORMER, SPENCER BLAIR
Appointment Date 16 September 2011
Date of Birth 17 March 1993
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 68 GROUNDWATER RD, GYMPIE
QLD 4570
Document Number 1E7752712
Director Name DORMER, KEVIN
Appointment Date 16 September 2011
Date of Birth 21 July 1963
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Director Name DORMER, CURTIS HARVEY
Appointment Date 16 September 2011
Date of Birth 09 February 1988
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 3 DEAKIN CT, GYMPIE QLD 4570
Document Number 1E7752712
Company Shares Total: 125 Amount: $125
Class ORDINARY SHARES [ORD]
Number of Shares Issued 125
Paid Capital $125.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name DORMER, CURTIS HARVEY
Address 3 DEAKIN COURT GYMPIE QLD,
4570
Class ORD
Number Held 20
Shareholder Name DORMER, REBECCA MARIE
Address 3 DEAKIN COURT GYMPIE QLD, 4570
Class ORD
Number Held 20
Shareholder Name DORMER, SPENCER BLAIR
Address 68 GROUNDWATER ROAD
GYMPIE QLD, 4570
Class ORD
Number Held 20
Shareholder Name DORMER, TRAVIS CAMPBELL
Address 68 GROUNDWATER ROAD
GYMPIE QLD, 4570
Class ORD
Number Held 20
Shareholder Name FIRST BRAND DYNAMICS PTYLTD
ACN 139847564
ABN 92139847564
Address LEVEL 3 C/- CHARTER
PARTNERS, 104 MARY STREET
GYMPIE QLD, 4570
Class ORD
Number Held 65
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 37
Langton Rd
GYMPIE,
QLD 4570
TELEPHONE 1800
105 584
WEBSITE
www.dynamicsgex.com.au
EMAIL sales@dynamicsgex.com.au
TRADING NAMES THE
CORE TRAY CO
WYNNS
GEOLOGICAL
DYNAMICS INTERNATIONAL
BANK BANK
OF QUEENSLAND
EMPLOYEES 15
The subject was incorporated in Queensland on 16 September 2011 as
Brand Dynamics Pty Ltd before adopting the current style on 20 December 2012.
Operations were founded as a new venture in 2011.
The subject operates as a leading importer, manufacturer and
distributor of Exploration, Geological and Mining Consumables.
The subject provides product from the initial
stages of exploration or ‘greenfield sites’ right up to supplying a complete
range of consumables to the fully operational mines.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 11 December 2015 traced the following adverse finding
at that date.
Payment Defaults Total: 1 Amount:
$1,049
Original Account Details
Credit Provider BAYCORP PDL
COLLECTIONS (AUS)
Date of Listing 07 Apr 2015
Amount $1,049
Reason to Report Payment Default
Update Account Details
Credit Provider BAYCORP PDL
COLLECTIONS (AUS)
Date of Listing 07 Apr 2015
Amount $1,049
Reason to Report Payment Default
Account Number 2586605700
Account Type Telecommunication Services
Default Status Outstanding
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current interview conducted with the subjects Director
Spencer Dormer, he advised that the subject has grown operations in recent
years to the acquisition of the Core Tray Company and Wynns Geological.
Mr. Dormer advised that for the 12months ending 31 December 2015
the subject will generate revenue of $6,000,000.
Current assets include stock on hand of $1,500,000.
The subject maintains access to financing facilities with its bankers.
These are not used as all operations are able to be funded through the internal
cashflows of the company.
In regards to asset backing, the subject is noted to own the
premises located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
Enquiries in trade quarters revealed satisfaction from
suppliers contacted in dealing with the subject on a credit basis.
A trade survey on the subject traced the following accounts:
(Allpak Systems) Subject operates with a $150,000 credit limit
with purchases averaging $100,000 to $200,000 per month on 30 day terms.
Payment is met in 7 days to take advantage of a settlement discount and the
account is considered satisfactory, having been known over 5 years.
(Dymark) Nominated supplier failed to respond to correspondence
despite chasing.
(Warn Transport) Purchases average $5,000 per month on 30 day
terms. Payment is met in 30 days to take advantage of a settlement discount and
the account is considered satisfactory, having been known over 2 years.
Trade payment from further sources in the past 4 months have
traced the following data.
Total Owing: $5,652
Total Past Due: $0
within terms: $5,652
1 – 30 days past due: $0
31 – 60 days past due: $0
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
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Euro |
1 |
Rs.73.47 |
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AUD |
1 |
Rs.48.38 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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 |
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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.