MIRA INFORM REPORT
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Report No. : |
331730 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ESCUBE PACKAGING PTY LTD |
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Registered Office : |
7 Maroota Way Beecroft, Nsw 2119 |
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Country : |
Australia |
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Date of Incorporation : |
04.07.2003 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution of packaging products
including paper and board boxes. |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
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 |
company
name
REGISTERED NAME ESCUBE PACKAGING PTY LTD
ACN:
105 417 178
ABN:
82 105 417 178
Summary
Panel
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Established |
2003 |
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Incorporated |
2003 |
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Line of Business |
Distribution of packaging supplies |
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Status |
Not determined |
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Adverse Listings |
1 |
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EXECUTIVE
SUMMARY
For the last financial year ended 30 June 2015 the subject traded profitably
and recorded revenue of just over $1,100,000.
On a projected basis the subject expects to record a 7 to 10 per cent
increase in trading results for the current financial year ending 30 June 2016.
The subject maintains no overdraft facilities as all operations are
funded through the internal cashflows of the company.
CORPORATE SEARCH
Company Type Australian
Proprietary Company
INCORPORATED 4
July 2003
REGISTERED ADDRESS 7
Maroota Way
BEECROFT, NSW 2119
SHARECAPITAL $400
SHAREHOLDERS KALRA,
Sameer Holds 200
shares
SINGH,
Roopan Holds 200
shares
DIRECTORS SINGH, Satinder
Mohan
7
Maroota Way
BEECROFT, NSW 2119
KALRA, Sameer
11 Farrer Ave
WEST PENNANT HILLS,
NSW 2125
SECRETARY SINGH, Satinder Mohan
7
Maroota Way
BEECROFT, NSW 2119
SECURITY
INTERESTS
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.
BUSINESS STRUCTURE
TRADING ADDRESS 7 Maroota Way
BEECROFT,
NSW 2119
TELEPHONE 0413 730
075 (Satinder)
0400
547 327 (Sameer)
FACSIMILE (612)
9676 8154
WEBSITE www.escubepackaging.com.au
EMAIL info@escubepackaging.com.au
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 2
BACKGROUND
The subject was incorporated in New South
Wales on 4 July 2003 under the current style.
Operations were established as a new venture in 2003.
OPERATIONS
The subject operates in the distribution of packaging products including
paper and board boxes.
Products include:
Frozen and chilled corrugated cartons and boxes for the Meat &
Poultry industry.
Lithographic and flexographic printed cartons, separators and dividers
used in the Food and Wine Industry
Purpose-designed cartons and boxes for Fruit & Vegetable packaging.
Customised packaging solutions for speciality products that require
insulation, vibration protection or simply for better marketing impact.
wood and solid fibre boxes
jute and calico bags
Leather-cases for wine presentation
Wine associated items in metal - like racks, corkscrews and stoppers
Gift packs for wine and foods
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of of on 10 July 2015 traced the following litigation listed
against the subject at that date.
Payment Defaults Total: 1 Amount: $152
Original Account Details
Credit Provider VODAFONE COLLECTIONS
Date of Listing 03 Aug 2012
Amount $152
Reason to Report Payment Default
Update Account Details
Credit Provider VODAFONE COLLECTIONS
Date of Listing 27 Aug 2012
Amount $152
Reason to Report Payment Default
Account Number 725815409
Account Type Telecommunication Services
Default Status Outstanding
FINANCES
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current interview conducted with Director Satinder
Singh, he advised that for the last financial year ended 30 June 2015
the subject traded profitably and recorded revenue of just over $1,100,000.
This compares to revenue of just under $900,000 for the previous corresponding
year ended 30 June 2014.
On a projected basis the subject expects to record a 7 to 10 per cent
increase in trading results for the current financial year ending 30 June 2016.
Current assets include stock on hand of $150,000 and receivables of
$180,000.
The subject maintains no overdraft facilities as all operations are
funded through the internal cashflows of the company.
Current liabilities include creditors of $120,000.
Activities are conducted from residential premises. The subjects
Director is advise to own these premises.
TRADE SURVEY
The subject imports all requirements.
A trade survey on the subject traced the following accounts:
(Logwin) Nominated supplier failed to respond to correspondence despite
chasing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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 |
-- |
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.