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Report No. : |
357200 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SELL & PARKER (INTERNATIONAL) PTY LTD |
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Registered Office : |
11 Meadow Way Banksmeadow, New South
Wales 2019 |
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Country : |
Australia |
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Date of Incorporation : |
19.11.1999 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the export of metal and scrap metal
products. |
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No. of Employee : |
Not Available |
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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Maximum Credit Limit : |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
SELL & PARKER
(INTERNATIONAL) PTY LTD
ACN: 090 604 416
ABN: 24 090 604 416
Summary
Panel
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Established |
1966 |
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Incorporated |
1999 |
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Line of Business |
Export of scrap metal products |
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Status |
Trading |
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Chief Executive Officer |
PARKER, LUKE JASON |
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The subject operates as the export arm of the group.
For the last financial year ended 30 June 2015 the group traded
profitably and recorded revenue of close to $200,000,000
The group maintains total assets valued at more than $100,000,000.
Company Type Australian Proprietary
Company
Incorporation Date: 19
Nov 1999
Incorporation State: New
South Wales
Registered Office 11
MEADOW Way
BANKSMEADOW,
New South Wales 2019 Australia
Number of Shares Issued: 1
Paid Capital: 1
Shareholders LUKE
JASON PARKER AND OTHERS
Number
of Shares: 1
Directors PARKER,
MORGAN ROSS
Appointment
Date: 19 Nov 1999
Date of Birth: 23 Mar 1968
Gender: Male
Address: 11 Rupertswood Ave Bellevue Hil,
NSW 2023 Australia
Resident Overseas: No
PARKER, LUKE JASON
Appointment Date: 19 Nov 1999
Date of Birth: 30 Apr 1966
Gender: Male
Address: 63 GARDYNE Street BRONTE, New
South Wales 2024 Australia
Resident Overseas: No
Secretary LUKE
JASON PARKER
Appointment
Date: 19 Nov 1999
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.
BANKSMEADOW,
NSW 2019
TELEPHONE (612)
9316 9933
WEBSITE http://www.sellparker.com.au/
EMAIL luke@sellparker.com.au
ASSOCIATED ENTITY SELL
AND PARKER P/L
SELL
AND PARKER (HOLDINGS) P/L
BRANCHES The
group maintains 7 branches across Australia.
BANK Not
determined
EMPLOYEES Nil
200
– Group
The subject was incorporated in New South Wales on 19 November
1999 as Silumo P/l before adopting the current style on 14 April 2004.
The subject was formed to take over the groups export operations.
Group operations were formed in 1966 with the first employee hired
in 1969.
The subject operates in the export of metal and scrap metal
products.
The group operates in the processing of scrap metal
and sell direct to end users.
The group is one of only three accredited suppliers to
Onesteel and Bluescope Steel and hold a license issued by the AQSIQ agency of
the Chinese Government allowing the export of scrap metal to China.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 27 November 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 c conducted with the subjects
Financial Controller Grant, he advised that the subject operates as the export
arm of the group.
For the last financial year ended 30 June 2015 the group traded
profitably and recorded revenue of close to $200,000,000
The group maintains total assets valued at more than $100,000,000.
Further details pertaining to the subject’s or group’s financial
position were not released for the current enquiry as a matter of company
policy.
The subject purchases all requirements from its associated entity
Sell & Parker Pty Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
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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|
|
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Report Prepared
by : |
ANK |
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 |
|
-- |
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.