MIRA INFORM REPORT

Report No. :	304207
Report Date :	27.01.2015

IDENTIFICATION DETAILS

Name :	ALL RUBBER PTY LTD
Formerly Known as :	D'ANGELO TRANSPORT PTY LTD
Registered Office :	11 Kitson Place, Maddington, Western Australia, Zip Code WA 6109
Country :	Australia
Date of Incorporation :	16.06.1971
Com. Reg. No.:	ACN: 008748016
Legal Form :	Australian Proprietary Company
Line of Business :	engaged in manufacturing and Distributing Rubber Products for the Mining, Transport, Agricultural and Machinery Industries. Subject product ranges includes:- Mining: · Belt Repair Materials · P.V.C & Polyurethane Adhesives · Priming Agents · Rubber Adhesives · Hot Vulcanising Solutions · Cleaning Solutions · Fasteners · Tools · Lagging Material · Lining Material · Conveyor Belting · Moulded Products · Screen Mats · Services · Conveyor Components · Ceramics Transport: · Mudguard/Fenders · Mudflaps · Cather Mats · Pickup & Tray Mats Agriculture / Mat · Protective Matting · Strip Borders · Feeding Trough · Bailer & Harvester Parts Machinery: · Vulcanising Presses · Slicing Machines · Slitting Machines · Punching Presses
No of Employees :	60 (Estimated)

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
Australia	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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.

Source : CIA

IDENTIFICATION
Verified
Subject name:	ALL RUBBER PTY LTD
Address:	11 Kitson Place		Postal address:	PO Box 138
Town:	Maddington		Town:	Welshpool
State/province:	Western Australia		State/province:	Western Australia
Zip/postal code:	WA 6109		Zip/postal code:	WA 6985
Country:	Australia
Telephone:	+61 (8) 94525000
Fax:	+61 (8) 94523793
Email:	allrubber1@allrubber.com.au
Website:	www.allrubber.com.au
EXECUTIVE SUMMARY
Date registered:	16-06-1971
Legal form:	Australian Proprietary Company
Share capital	AUD 1,793,166.61
Main activities:	Manufacturer and distributor of rubber products.
Employees:	60 - Estimated
REGISTRY DATA
Key Facts
Date registered:	16-06-1971
Legal form:	Australian Proprietary Company
Registration no:	ACN: 008748016
Registry auth.	Australian Securities and Investments Commission
Tax number:	ABN: 57008748016
Registry status:	Live/Active
Previous names:	The Subject initially operated under the name of D'ANGELO TRANSPORT PTY LTD and changed to the present style on 18-12-1996.
LEGAL FILINGS
Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None
MANAGEMENT & STAFF
Key Managers
Name:	Stephen David d'Angelo
Job title:	Director and Company Secretary
Staff
No of employees	60 - Estimated
BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	Stephen David d'Angelo
Board function:	Director and Company Secretary
Date appointed:	01/05/1995
Address:	55 Alexander Road Dalkeith, WA 6009 Australia
Biography:	Born: 21/04/1963 Birth Place: Geraldton,, Western Australia
SHARE CAPITAL
Composition
Authorised:	AUD 1,793,166.61
Number/type:	1,391,581 ordinary shares @ AUD 1.29 10 Y shares @ AUD 1 10 Z shares @ AUD 1
Issued:	AUD 1,793,166.61
Paid-up:	AUD 1,793,166.61
Shareholders/Owners
How Listed	Full List
Composition
Name:	Maria d'Angelo
No. of shares:	685,224 ordinary shares
Address:	11 Nardina Crescent Dalkeith, WA 6009 Australia
Name:	SALUFREY PTY LIMITED
No. of shares:	340,704 ordinary shares 10 Y shares
Address:	36 Bruce Street Nedlands, WA 6009 Australia
Name:	Glenn Gary Tomkinson Tracy Catherine Tomkinson (Joint shareholding)
No. of shares:	97,255 ordinary shares 10 Z shares
Address:	5 Pine Court Forrestfield, WA 6058 Australia
Name:	SH CLARK PTY LTD
No. of shares:	88,187 ordinary shares
Address:	10A Anthony Street South Perth, WA 6151 Australia
Name:	KEYSANDS PTY LTD
No. of shares:	61,249 ordinary shares
Address:	13 Nardina Crescent Dalkeith, WA 6009 Australia
Name:	Terrence William Green,
No. of shares:	31,380 ordinary shares
Address:	59 Harold Reinhardt Drive Redbank Plains, QLD 4301 Australia
Name:	Mark William o'Brien
No. of shares:	31,380 ordinary shares
Address:	16 Syntax Street Sadliers Crossing, QLD 4305 Australia
Name:	Alan James May
No. of shares:	31,380 ordinary shares
Address:	Unit 29 241 Horizon Drive Westlake, QLD 4074 Australia
Name:	Aaron Leonard Seipel
No. of shares:	13,947 ordinary shares
Address:	34 Wakley Street Acacia Ridge, QLD 4110 Australia
Name:	Antonio Enzo Nigrone Sheryl Elizabeth Nigrone (Joint shareholding)
No. of shares:	8,426 ordinary shares
Address:	18 Australis Circle Wannanup, WA 6210 Australia
Name:	Agostino Armanasco Assunta Armanasco (Joint shareholding)
No. of shares:	2,449 ordinary shares
Address:	10 Kempton Street Bluff Point, WA 6530 Australia
CORPORATE AFFILIATIONS
Structure
Name:	KEYSANDS PTY LTD
Affiliation type:	Shareholder
Address:	13 Nardina Crescent Dalkeith, WA 6009 Australia
Name:	SALUFREY PTY LIMITED
Affiliation type:	Shareholder
Address:	36 Bruce Street Nedlands, WA 6009 Australia
Name:	SH CLARK PTY LTD
Affiliation type:	Shareholder
Address:	10A Anthony Street South Perth, WA 6151 Australia
Name:	EAST COAST RUBBER PTY LTD.
Affiliation type:	Subsidiary
Address:	5 Flanders St Salisbury, QLD 4107 Australia
Name:	WESBELT PTY LTD
Affiliation type:	Subsidiary
Address:	11 Kitson Pl Maddington, WA 6109 Australia
FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A
Comments	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
Activities
Full description:	The Subject is engaged in manufacturing and distributing rubber products for the mining, transport, agricultural and machinery industries.
Products/services:	Mining: -Belt Repair Materials -P.V.C & Polyurethane Adhesives -Priming Agents -Rubber Adhesives -Hot Vulcanising Solutions -Cleaning Solutions -Fasteners -Tools -Lagging Material -Lining Material -Conveyor Belting -Moulded Products -Screen Mats -Services -Conveyor Components -Ceramics Transport: -Mudguard/Fenders -Mudflaps -Cather Mats -Pickup & Tray Mats -General Agriculture / Mat -Protective Matting -Strip Borders -Feeding Trough -Bailer & Harvester Parts Machinery: -Vulcanising Presses -Slicing Machines -Slitting Machines -Punching Presses
Purchases
Import:	United Kingdom, USA , South Africa, Korea, New Zealand, Singapore, Philippines, Indonesia, India.
PROPERTY & ASSETS
Premises	The Subject principally operates from premises located at the heading address, consisting of administrative offices.
PAYMENTS
Purchase Terms
Local:	Cash Credits 14-30 days
Imports:	L/Cs Credits 30 days net
Sales Terms
Local:	Cash Credits 14-30 days
Exports:	L/Cs Credits 30 days net
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment behaviour:	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.61.50
UK Pound	1	Rs.92.16
Euro	1	Rs.69.62

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	MNL

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.