MIRA
INFORM REPORT
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Report No. : |
305848 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALIAN RURAL
EXPORTS PTY. LTD. |
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Registered Office : |
Level 13, |
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Country : |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
07.01.1975 |
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Com. Reg. No.: |
ACN: 009933831 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
· engaged in the supply and export of livestock such as breeder and feeder cattle, dairy cattle, sheep, goats, horses, buffalo and genetics. Subject
also provides related consultancy services. |
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No of Employees : |
66 |
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 : |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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
The Australian economy has
experienced continuous growth and features low unemployment, contained inflation,
very low public debt, and a strong and stable financial system. By 2012,
Australia had experienced more than 20 years of continued economic growth,
averaging 3.5% a year. Demand for resources and energy from Asia and especially
China has grown rapidly, creating a channel for resources investments and
growth in commodity exports. The high Australian dollar has hurt the
manufacturing sector, while 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, stemming
from rising 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 has bilateral free trade agreements (FTAs) with Chile,
Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with
ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia,
Japan, and the Republic of Korea, as well as with its Pacific neighbors and the
Gulf Cooperation Council countries, and is also working on the Trans-Pacific
Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico,
New Zealand, Peru, Singapore, the US, and Vietnam.
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Source
: CIA |
IDENTIFICATION
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Subject
name: |
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Address: |
59:AUSTRALIAN RURAL EXPORTS PTY LTD.
LEVEL 13, 145 EAGLE STREET , |
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Town: |
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State/province: |
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Zip/postal
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Country: |
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Subject name: |
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Other style: |
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Address: |
Postal address: |
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Town: |
Town: |
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State/province: |
State/province: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
· engaged in the supply and export of livestock such as breeder and feeder cattle, dairy cattle, sheep, goats, horses, buffalo and genetics. Subject also provides
related consultancy services. |
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Employees: |
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Strong
financial and operational base. Medium to large credits can be considered
with high confidence that commitments can be met under most circumstances.
Normal credit control policy applies. |
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REGISTRY DATA |
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Key Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth. |
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Tax number: |
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Registry status: |
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Business name: |
Registration no.: BN2168860 Registered date: 02-07-2010 |
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LEGAL FILINGS |
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Bankruptcy filings: |
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Court judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF |
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Name: |
Justin
Slaughter |
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Job title: |
Managing
Director |
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Name: |
Andrew James Morgan |
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Job
title: |
Director |
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Name: |
Jakeman Richard Morse |
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Job
title: |
Director |
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Name: |
Robin Justin Lewis Slaughter |
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Job
title: |
Director |
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Name: |
Sabarinath Nair |
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Job
title: |
Company Secretary |
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Name: |
James Leftwich |
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Job
title: |
General Manager |
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Auditor: |
BENTLEYS BRISBANE (AUDIT) PTY LTD AMP Place Robert Forbes' Level 26, 10 Eagle Street Brisbane QLD 4000 Australia |
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No
of employees |
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BOARD OF
DIRECTORS / OTHER APPOINTMENTS
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Cambooya, QLD 4358 Australia |
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Birth Place: Tara,
Queensland |
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Name: |
Andrew James Morgan |
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Board function: |
Director |
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Date appointed: |
16/12/2009 |
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Address: |
90 Laurel Avenue Chelmer, QLD 4068 Australia |
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Biography: |
Born: 17/07/1970 Birth Place: Sydney, New
South Wales |
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Name: |
Jakeman Richard Morse |
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Board function: |
Director |
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Date appointed: |
18/12/2009 |
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Address: |
42 Mortlake Road Graceville, QLD 4075 Australia |
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Biography: |
Born: 06/01/1967 Birth Place: Armidale, New
South Wales |
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Name: |
Robin Justin Lewis
Slaughter |
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Board function: |
Director |
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Date appointed: |
03/12/2009 |
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Address: |
92 Birdwood Terrace Bardon, QLD 4065 Australia |
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Biography: |
Born: 21/12/1971 Birth Place: Mount Isa,
Queensland |
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Name: |
Sabarinath Nair |
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Board function: |
Chief Financial Officer
and Company Secretary |
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Date appointed: |
18-12-2009 |
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Address: |
Unit 62, 280 Grand Avenue Forest Lake, QLD 40788 Australia |
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Biography: |
Born: 20/09/1971 Birth Place: Kochi, India |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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Brisbane, QLD 4000 Australia |
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CORPORATE AFFILIATIONS |
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Name: |
AUSTREX
INTERNATIONAL PTY LIMITED |
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Affiliation
type: |
Parent
Company |
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Address: |
Level 29,
76 Queen Street Brisbane, QLD 4000 Australia |
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Name: |
AUSTREX (NZ)
LTD. |
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Affiliation
type: |
Subsidiary |
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Address: |
PO Box 111 Kurow 9446 New Zealand |
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BANKING & FINANCING |
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Bankers
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It is generally not the
policy of local banks to provide credit status information to non-bona fide
applications, and interested parties would be advised to consult first with
the Subject if banker's references are required. |
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FINANCIAL
ACCOUNTS
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Description |
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Required
to file: |
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Source: |
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Presentation: |
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Date
of accounts: |
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Type
of accounts: |
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Currency: |
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Exchange
rate: |
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OPERATIONS & HISTORY |
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Full
description: |
The Subject is engaged in the
supply and export of livestock such as breeder and feeder cattle, dairy
cattle, sheep, goats, horses, buffalo and genetics. It also provides related
consultancy services. |
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Products/services: |
- Beef Cattle - Dairy Cattle - Italian Buffalo - Breeding Sheep - Breeding Goats Genetic Products - Dairy Cattle - Proven Bulls - Beef Cattle - High Quality, Registered Bulls from Top EBV Herds - Sheep - Registered High Quality Rams Services -Traceability Systems -Technical Support Packages -Turn-key Technology Transfer |
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PROPERTY & ASSETS
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The
Subject principally operates from premises located at the heading address,
consisting of administrative offices. |
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PAYMENTS |
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Local: |
Credits 14-30 days |
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Imports: |
Credits 30
days net |
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Local: |
Credits 14-30 days |
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Exports: |
Credits 30 days
net |
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As trade references were not
supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED,
but payments are believed to be PROMPT. |
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INVESTIGATIVE NOTES
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Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
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ATTACHMENTS
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Attachments: |
Financial ratios |
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Financial ratios
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Financial Ratios |
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30-06-2014 |
30-06-2013 |
30-06-2012 |
Trend |
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PROFITABILITY [%] |
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Gross Margin |
N/A |
N/A |
N/A |
N/A |
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Gross Profit / Sales Turnover * 100 |
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Operating Margin |
N/A |
N/A |
N/A |
N/A |
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Operating Profit / Sales Turnover * 100 |
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Net Profit Margin |
3.35% |
2.95% |
4.1% |
-19.52% |
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Profit After Tax / Sales Turnover * 100 |
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Return On Equity
(ROE) |
48.26% |
33.88% |
54.16% |
-12.19% |
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Profit After Tax / Equity * 100
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Return On Assets
(ROA) |
11.18% |
10.37% |
19.22% |
-45.66% |
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Profit After Tax / Total Assets * 100 |
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Return On
Investment (ROI) |
68.95% |
48.51% |
77.37% |
-12.18% |
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Profit Before Tax / Equity * 100 |
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EFFICIENCY [%] |
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Asset Turnover |
333.66% |
351.74% |
468.37% |
-29.81% |
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Sales Turnover / Total Assets * 100 |
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Inventory Turnover |
9616.74% |
8890.89% |
1255.65% |
347.33% |
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Sales Turnover / Inventory * 100 |
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LIQUIDITY [%] |
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Current Ratio (CR) |
99.27% |
127.11% |
159.12% |
-37.78% |
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Current Assets / Current Liabilities * 100 |
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Quick Ratio (QR) |
94.69% |
121.38% |
98.89% |
-3.92% |
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(Current Assets – Inventory) / Current Liabilities * 100 |
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DEBT [%] |
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Debt Ratio |
76.82% |
69.39% |
64.51% |
19.21% |
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Total Liabilities / Total Assets * 100 |
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Long-Term Debt Ratio |
4.75% |
1.45% |
7.25% |
-43.6% |
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Long-Term Liabilities / Equity * 100 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.87 |
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UK Pound |
1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
MNL |
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 |
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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.