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Report No. : |
305618 |
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Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MAHARAJAH STORES |
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Registered Office : |
Unit 2, 145 High Road, Willetton, |
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Country : |
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Date of Incorporation : |
05.06.2007 |
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Com. Reg. No.: |
BN10806507 |
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Legal Form : |
Business Name (Discretionary Trading Trust) |
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Line of Business : |
The Subject is engaged in operating special grocery Indian store
selling dry groceries, frozen foods, snacks and sweets. The company also
retail kitchen equipment, cooking utensils and cookware. |
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No. of Employees : |
5 [Estimated] |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.
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: |
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Zip/postal code: |
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Telephone: |
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Fax: |
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Website: |
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EXECUTIVE SUMMARY |
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Date
established: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA |
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Key Facts |
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Date established: |
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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: |
ABN: 34 741 956 419
(The trustee for The Shoukat Family Trust) |
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Registry status: |
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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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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS |
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SHARE CAPITAL |
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Composition |
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Authorised: |
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Shareholders/Owners |
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CORPORATE AFFILIATIONS |
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The trustee for The Shoukat Family Trust (ABN 34
741 956 419) should be considered an affiliate of the Subject. |
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BANKING & FINANCING |
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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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Required to file: |
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Source: |
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Private Companies in Australia are not
required to file accounts unless classified as "Large", which at
the moment means that two out of the following three conditions are met: - The company has a sales turnover of over
AUD 25,000,000; - The company has total assets of over AUD
12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of
being a large proprietary company. |
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OPERATIONS & HISTORY |
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Full description: |
The Subject is engaged in operating
special grocery Indian store selling dry groceries, frozen foods, snacks and
sweets. The company also retail kitchen equipment, cooking utensils and
cookware. |
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Import: |
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Export: |
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PROPERTY & ASSETS |
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The Subject principally operates from premises located
at the heading address, consisting of a shop and an office. |
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The Company also operates from the following
location: 2/499 Beechboro
Road N Beechboro WA
6063 Australia Tel.: +61 8 9377
4720 Fax: +61 8 9377
4720 Email: Saqii1@hotmail.com |
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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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Unknown |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.74 |
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1 |
Rs.92.71 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
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.