|
Report No. : |
329323 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
DECORUG HOLDINGS PTY LTD |
|
|
|
|
Registered Office : |
494 Marrickville Road, Dulwich Hill NSW,
2203 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
12.11.2013 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Subject is engaged in retail
distribution of a range of floorcoverings, shutters and soft furnishings such
as cushions. |
|
|
|
|
No. of Employee : |
Not Available |
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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
Following two decades of continuous growth, low
unemployment, contained inflation, very low public debt, and a strong and
stable financial system, Australia enters 2015 facing a range of growth
constraints, principally driven by a sharp fall in global prices of key export
commodities. Although demand for resources and energy from Asia and especially
China has grown rapidly, creating a channel for resources investments and
growth in commodity exports, sharp drops in current prices have already
impacted growth. 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, although this
trend could reverse or slow due to falling 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 entered into free trade
agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA
with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand,
Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand.
Australia continues to negotiate bilateral agreements with India and Indonesia,
as well as larger agreements with its Pacific neighbors and the Gulf
Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic
Partnership that includes the ten ASEAN countries and China, Japan, Korea, New
Zealand and India. Australia is also working on the Trans-Pacific Partnership
Agreement with Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New
Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
DECORUG
HOLDINGS PTY LTD
T/AS DECORUG
ACN: 166 722 354
ABN: 63 166 722 354
Summary
Panel
|
||
|
Established |
1983 |
|
|
Incorporated |
2013 |
|
|
Line of Business |
Retail chain of floor coverings |
|
|
Status |
Trading |
|
|
Chief Executive Officer |
Baris Tok |
|
|
Adverse Listings |
|
|
|
Rating |
|
|
Details pertaining to the subject’s financial
and trading position were unable to be obtained for the current enquiry.
In view of the above the subject has been
assigned with a rating of ‘NA 5’.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 12 Nov 2013
Incorporation State NSW
Registered Office 494 MARRICKVILLE ROAD
DULWICH HILL NSW, 2203
Total: 1
Director Name TOK, BARIS
Appointment Date 12 Nov 2013
Date of Birth 15 Jul 1978
Place of Birth TURKEY
Gender MALE
Resident Overseas N
Address 33 PAVESI ST, GUILDFORD NSW
2161
Document Number 1E9965916
Total: 1
Secretary Name TOK, BARIS
Appointment Date 12 Nov 2013
Date of Birth 15 Jul 1978
Place of Birth null TURKEY
Address 33 PAVESI STREET GUILDFORD
NSW, 2161
Document Number 1E9965916
Total: 300 Amount: $300
Class ORD [ORD]
Number of Shares Issued 300
Paid Capital $300.00
Total Amount Due and Payable $0.00
Document Number 1E9965916
Shareholder Name TOK, BARIS
Address 33 PAVESI STREET GUILDFORD
NSW, 2161
Class ORD
Number Held 300
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E9965916
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 22 to 35 Pavesi St
GUILDFORD
WEST, NSW 2161
TELEPHONE (612)
9681 9100
FACSIMILE (612)
9681 9155
EMAIL info@decorug.com.au
WEBSITE www.decorug.com.au
TRADING STYLE DECORUG
ASSOCIATED
ENTITY BRAND
VENTURE PTY LTD
BRANCHES The
subject maintains 13 retail outlets
BANK
Not determined
EMPLOYEES Not
determined
The subject was incorporated in New South
Wales on 12 November 2013 under the current style.
The subject was formed to acquire the assets
and operations of Gremos Holdings Pty Ltd (Under External Administration)
effective 1 February 2014.
Operations were founded by Bill Gremos in
1983.
The subject operates in the retail
distribution of a range of floorcoverings, shutters and soft furnishings such
as cushions.
Floor coverings include carpets, rugs and pre
finished timber and laminate flooring.
Activities are conducted from premises
located at the above listed trading address.
A search of of on 26 June 2015 failed to
trace 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.
During the current interview conducted with
the subject’s financial controller, she declined to confirm or release any
details pertaining to the subject unless the source of the enquiry was
disclosed.
As a result information pertaining to the
subject’s financial and trading position were unable to be obtained for the
current enquiry.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
UK Pound |
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.