|
Report No. : |
306135 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEA CORPORATION AUSTRALIA |
|
|
|
|
Registered Office : |
149 Martin St, Brighton, Victoria, VIC 3186 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
14.11.2012 |
|
|
|
|
Legal Form : |
Business Name / Discretionary Trading Trust |
|
|
|
|
Line of Business : |
The Subject is engaged in importing and distributing of tea, herb and
own blended herb teas. |
|
|
|
|
No. of Employees : |
10 [Estimated] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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.
|
Source
: CIA |
IDENTIFICATION
|
||
|
|
||
|
Subject name: |
THE TRUSTEE FOR THE CASA ESPRESSO TRUST |
|
|
Trading name: |
CASA ESPRESSO |
|
|
Address: |
||
|
Town: |
||
|
State/province: |
||
|
Zip/postal code: |
||
|
Country: |
||
|
Telephone: |
||
|
Fax: |
||
|
Email: |
||
|
Website: |
||
|
Remarks: |
The Subject's registered address is: 1, 77 Chetwynd St North Melbourne, VIC 3051 Australia |
|
|
|
|
|
EXECUTIVE SUMMARY
|
||
|
|
|
|
|
Date registered: |
||
|
Legal form: |
||
|
Main activities: |
||
|
Employees: |
||
|
|
|
|
REGISTRY DATA
|
||
|
Key Facts |
|
|
|
Date registered: |
||
|
Legal form: |
||
|
Registry auth. |
||
|
Tax number: |
||
|
Registry status: |
||
|
|
|
|
LEGAL FILINGS
|
||
|
|
|
|
|
Bankruptcy
filings: |
||
|
Court
judgements: |
||
|
Tax liens: |
||
|
Other: |
||
|
|
|
|
MANAGEMENT & STAFF
|
||
|
|
||
|
|
|
|
|
|
||
|
No of employees |
||
|
|
|
|
BOARD OF DIRECTORS / OTHER APPOINTMENTS
|
||
|
|
||
|
|
|
|
SHARE CAPITAL
|
||
|
Composition |
|
|
|
Authorised: |
||
|
|
||
Shareholders/Owners
|
||
|
|
|
|
|
|
|
|
|
|
||
|
|
||
CORPORATE AFFILIATIONS
|
||
|
|
||
|
|
|
|
FINANCIAL ACCOUNTS
|
||
|
|
||
|
Required to file: |
||
|
Source: |
||
|
|
|
|
|
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. |
||
|
|
|
|
OPERATIONS & HISTORY
|
||
|
|
||
|
Full description: |
The Subject is engaged in importing and distributing
of tea, herb and own blended herb teas. |
|
|
|
|
|
|
|
||
|
Import: |
||
|
|
|
|
|
|
||
|
Local: |
||
|
Export: |
||
|
|
||
PROPERTY & ASSETS
|
||
|
|
|
|
|
The Subject
principally operates from premises located at the heading address, consisting
of administrative offices. |
||
|
|
||
PAYMENTS
|
||
|
|
||
|
Local: |
Credits 14-30
days |
|
|
Imports: |
Credits 30 days
net |
|
|
|
|
|
|
|
||
|
Local: |
Credits 14-30
days |
|
|
|
|
|
|
|
|
|
|
|
||
|
As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but
payments are believed to be PROMPT. |
||
|
|
||
INVESTIGATIVE NOTES
|
||
|
|
|
|
|
Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
|
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 |
|
|
<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.