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Report No. : |
309527 |
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Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
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Name : |
STECS TRADING PTY LTD |
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Registered Office : |
Shop 7a, 258
Springvale Rd Springvale, Vic 3171 |
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Country : |
Australia |
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Date of Incorporation : |
23.06.2009 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates as jewelers involved in
the repair and retail of jewellery with products including:
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No. of Employee : |
Not Available |
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.
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 |
SECS TRADING PTY LTD
T/AS S H JEWELLERY
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 23 June 2009
Incorporation State VIC
Current Directors Total: 1
Director Name CHHUA, TENG TA
Appointment Date 23 June 2009
Date of Birth 03 March 1960
Place of Birth PHNOM PENHCAMBODIA
Gender FEMALE
Resident Overseas N
Address 10 GLENMORGAN CL, CLAYTON
VIC 3168
Document Number 1E5547386
Current Secretaries Total: 1
Secretary Name CHHUA, TENG TA
Appointment Date 23 June 2009
Date of Birth 03 March 1960
Place of Birth PHNOM PENHCAMBODIA
Address 10 GLENMORGAN CLOSE
CLAYTON VIC, 3168
Document Number 1E5547386
Company Shares Total: 2 Amount: $2
Class ORDINARY [ORD]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 1E5547386
Current Shareholders
Shareholder Name CHHUA, TENG TA
Address 10 GLENMORGAN CLOSE
CLAYTON VIC, 3168
Class ORD
Number Held 2
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E5547386
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 Shop 7A, 258 Springvale Rd
SPRINGVALE, VIC 3171
TELEPHONE (613) 9546 6292
MOBILE 0402 600 966
EMAIL sales@shjewellery.com.au
WEBSITE www.shjewellery.com.au
TRADING STYLE S H JEWELLERY
BANK Not determined
EMPLOYEES Not determined
The subject was incorporated inVictoria on 23 June 2009 under the current style.
The subject operates as jewelers involved in the repair and retail of jewellery with products including:
Fine jewellery in 9ct and 18ct white gold, yellow gold multi-tone gold
A stunning range of diamond engagement rings
A wide selection of wedding bands
Diamond studded pendants
Diamond studded earrings
South Sea Pearls set with diamonds and gold
Men’s and women’s chains and necklaces
Large selection of internationally certified diamonds
Activities are conducted from premises located at the above listed trading address.
A search of of on 23 February 2015 failed totrace 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.
Upon calling the subjects office on 23 February 2015, it was advised that the subjects shop would be closed as a result of the Chinese New Year and would be re-opening on 28 February 2015.
Upon calling the above listed telephone number, contact was established with the subjects Manager. During the current interview conducted with the Manager, he advised that he would call our office back. No call was received.
Upon, making further attempts to contact the Manager on his mobile phone, the number has continued to be diverted to voice mail. Despite messages being left, no reply has been received.
Details pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.27 |
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1 |
Rs.96.21 |
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Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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 |
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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.