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Report No. : |
301244 |
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Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALIAN BOTANICAL PRODUCTS PTY LTD |
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Formerly Known As : |
LAI-FAI PTY. LTD. |
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Registered Office : |
39 Melverton Drive, Hallam VIC 3803 |
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Country : |
Australia |
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Date of Incorporation : |
12.06.1987 |
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Com. Reg. No.: |
006782529 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is engaged in the supply of essential and vegetable oil to the cosmetic, aromatherapy, pharmaceutical and flavour & fragrance markets. |
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No. of Employee : |
53 - 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.
ECGC Country Risk Classification List – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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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EXECUTIVE SUMMARY
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Date registered: |
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REGISTRY DATA
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Key Facts |
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Date registered: |
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Previous names: |
The Subject initially operated under the name of LAI-FAI
PTY. LTD. and changed to the present style on 16-09-1987. |
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LEGAL FILINGS
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Bankruptcy filings: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF
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Name: |
Daniel Galea |
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Job title: |
Director |
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Name: |
Francois Merle-Baudoin |
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Job title: |
Director |
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Name: |
Michael Samperi |
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Job title: |
Director |
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Name: |
Robert Comelli |
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Job title: |
Director |
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Name: |
Timothy Michael Edward Harrow |
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Job title: |
Director |
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Name: |
John James Fergeus |
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Job title: |
Director and Company Secretary |
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Name: |
Neil Morton Garland |
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Job title: |
Company Secretary |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Williamstown,
VIC 3016 Australia |
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Birth Place: Footscray, Victoria |
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Name: |
Daniel Galea |
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Board function: |
Director |
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Date appointed: |
29/10/2013 |
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Address: |
7 Close Street South Coogee, NSW 2034 Australia |
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Biography: |
Born: 30/05/1974 Birth Place: Sydney, New South Wales |
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Name: |
Francois Merle-Baudoin |
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Board function: |
Director |
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Date appointed: |
21/10/2013 |
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Address: |
10 Dromana Avenue Bentleigh East, VIC 3165 Australia |
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Biography: |
Born: 03/09/1963 Birth Place: Cannes, France |
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Name: |
Michael Samperi |
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Board function: |
Director |
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Date appointed: |
29/10/2014 |
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Address: |
11 Camira Street Maroubra, NSW 2035 Australia |
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Biography: |
Born: 31/07/1970 Birth Place: Sydney, New South Wales |
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Name: |
Robert Comelli |
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Board function: |
Director |
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Date appointed: |
17/04/2013 |
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Address: |
69 Rochester Road Balwyn, VIC 3103 Australia |
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Biography: |
Born: 15/08/1956 Birth Place: Melbourne, Victoria |
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Name: |
Timothy Michael Edward Harrow |
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Board function: |
Director |
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Date appointed: |
21/10/2013 |
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Address: |
43 Evesham Road Cheltenham, VIC 3192 Australia |
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Biography: |
Born: 02/07/1970 Birth Place: Salisbury, United Kingdom |
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Name: |
John James Fergeus |
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Board function: |
Director and Company Secretary |
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Date appointed: |
17/06/1987 |
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Address: |
39 Melverton Drive Hallam, VIC 3803 Australia |
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Biography: |
Born: 28/01/1953 Birth Place: Melbourne, Victoria |
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Name: |
Neil Morton Garland |
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Board function: |
Company Secretary |
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Date appointed: |
30-03-1994 |
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Address: |
7 Lavender Avenue Pakenham, VIC 3810 Australia |
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Biography: |
Born: 10/12/1951 Birth Place: Melbourne, Victoria |
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SHARE CAPITAL
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Composition |
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Shareholders/Owners
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Hallam, VIC 3803 Australia |
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Name: |
Alan Ross Jones |
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No. of shares: |
100 ORD shares |
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Address: |
15 Victoria Street Williamstown, VIC 3016 Australia |
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CORPORATE AFFILIATIONS
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BANKING & FINANCING
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Bankers
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Bank name: |
COMMONWEALTH BANK OF AUSTRALIA |
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Address: |
Australia |
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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 the supply of
essential and vegetable oil to the cosmetic, aromatherapy, pharmaceutical and
flavour & fragrance markets. |
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Products/services: |
Australian Native Oils Organic Oils Vegetable Oils Specialty Aroma Chemicals Absolutes Citrus & Speciality Oils Crop Calendar |
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Local: |
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Import: |
China |
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Local: |
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TGA (Therapeutic Goods Administration) EOPAA (The Essential Oils Producers
Association) Australian Certified Organic (ACO) |
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PROPERTY & ASSETS
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The Subject
operates from premises located at the heading address, consisting of research
facilities, a warehouse and 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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.28 |
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1 |
Rs.98.38 |
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Euro |
1 |
Rs.76.30 |
INFORMATION DETAILS
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Analysis Done by
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RSM |
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Report Prepared
by : |
DPT |
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.