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Report No. : |
304962 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
CAPE SPICE AUSTRALIA PTY LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.04.2005 |
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Com. Reg. No.: |
ACN: 114017257 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
engaged in import
and supplying of Food Spices
and ingredients to the Major
Retailers. [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
05 (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 : |
No Complaints |
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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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Address: |
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Comments: |
The given address refers to the Director's
residential address. |
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Subject name: |
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Address: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
www.capespiceaustralia.com (website under construction) |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
engaged in import
and supplying of Food Spices
and ingredients to the Major
Retailers. |
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Employees: |
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REGISTRY DATA |
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Key Facts |
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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: |
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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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Name: |
Michael King |
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Job title: |
Director |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS |
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Chiswick, NSW
2046 Australia |
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Birth Place: United Kingdom |
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Name: |
Herman Claassens |
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Board function: |
Director and Company Secretary |
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Date appointed: |
28-04-2005 |
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Address: |
14 Booralie Road Terrey Hills, NSW 2084 Australia |
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Biography: |
DOB: 09/08/1953 Birth Place: Manly, New South Wales |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners |
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Terrey Hills, NSW 2084 Australia |
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ABN: 70113988140 |
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Name: |
JEMJ HOLDINGS PTY LIMITED |
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No. of shares: |
50 ordinary shares |
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% of shares: |
50% |
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Address: |
3 Vallen Place Quakers Hill, NSW 2763 Australia |
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Comment: |
ACN: 113966144 ABN: 42113966144 |
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CORPORATE AFFILIATIONS |
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Terrey Hills, NSW 2084 Australia |
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ABN: 70113988140 |
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Name: |
JEMJ HOLDINGS PTY LIMITED |
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Affiliation
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Shareholder |
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Address: |
3 Vallen Place Quakers Hill, NSW 2763 Australia |
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Comment: |
ACN: 113966144 ABN: 42113966144 |
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Name: |
AUSTRALIAN CULINARY FOODS PTY LTD |
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Affiliation
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Associate |
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Address: |
14 Booralie Road Terrey Hills, NSW 2084 Australia Website: http://www.culinaryfoods.com |
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Comment: |
ACN: 097 717 489 ABN: 96 097 717 489 Registration date: 3/08/2001 |
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Name: |
GLOBAL BRANDING MANAGEMENT PTY. LTD. |
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Affiliation
type: |
Associate |
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Address: |
Chiswick, NSW 2046 Australia |
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Comment: |
ACN: 116 323 641 ABN: 51 116 323 641 Registration date: 21/09/2005 |
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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 import and
supplying of food spices and ingredients to the major retailers. |
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Export: |
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PROPERTY & ASSETS
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The Subject's
head office is located at the heading address. |
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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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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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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.61.50 |
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UK Pound |
1 |
Rs.93.12 |
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Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
MNL |
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.