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Report No. : |
333213 |
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Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BAJARIA GLOBAL PTY LTD |
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Registered Office : |
620 Newcastle Street Leederville, Western |
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Country : |
Australia |
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Date of Incorporation : |
12.11.2004 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject operates in the import and wholesale distribution of spices
and food products including Indian spices, spice mixes, rice, groceries, savouries,
ready to eat meals, edible oils, lentils, pulses, food products and frozen
seafood and other ethnic food products. |
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No. of Employee : |
8 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
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, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source
: CIA |
BAJARIA GLOBAL PTY
LTD
ACN: 111 748 077
ABN: 89 451 756
918
ADDRESS GIVEN 15
Burgey Ct
OSBORNE
PARK, WA 6017
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Established |
2007 |
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Incorporated |
2004 |
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Line of Business
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Import and distribution of spices and food products |
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Status |
Trading |
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Chief Executive
Officer |
BAJARIA, KAUSHIK KANAKSINH |
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Adverse Listings |
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Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Company Type Australian Proprietary
Company
Incorporation
Date: 12 Nov 2004
Incorporation
State: Western Australia
Registered Office 620 NEWCASTLE
Street
LEEDERVILLE,
Western Australia 6007 Australia
Number of Shares
Issued: 4
Paid Capital: 4
Shareholders MONAL KAUSHIK
BAJARIA
Number of Shares: 1
KAUSHIK KANAKSINH BAJARIA
Number of Shares: 1
DEVEN KANAKSINH BAJARIA
Number of Shares: 1
BRINDA DEVEN BAJARIA
Number of Shares: 1
Directors BRINDA DEVEN
BAJARI
Appointment Date: 7 JUNE 2013
Date of Birth: 16 APR 1975
Gender: Female
Address: 132A BRIGHTON Road SCARBOROUGH, Western Australia 6019
Australia
Resident Overseas: No
Secretary BRINDA
DEVEN BAJARI
Appointment Date: 7 JUNE 2013
Date of Birth: 16 APR 1975
Gender: Female
Address: 132A BRIGHTON Road SCARBOROUGH, Western Australia 6019
Australia
Resident Overseas: No
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.
OSBORNE
PARK, WA 6017
TELEPHONE (618) 9204 4225
FACSIMILE (618)
9204 4335
EMAIL kash@bajariaglobal.com
WEBSITE www.thespicemerchants.com.au
TRADING STYLE THE
SPICE MERCHANTS
THE
SPICE WAREHOUSE
BANK ANZ
BANKING GROUP
EMPLOYEES 8
The subject was incorporated in Western Australia on 12 November 2004
under the current style.
Operations were founded as a new venture 2007.
The subject operates in the import and wholesale distribution of spices
and food products including Indian spices, spice mixes, rice, groceries,
savouries, ready to eat meals, edible oils, lentils, pulses, food products and
frozen seafood and other ethnic food products.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 20 May 2013 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 Manager Kaushick Bajaria, he
requested that any queries pertaining to the subject be conducted in writing.
An email was subsequently sent.
Despite chasing, Mr Bajaria is yet to respond to correspondence. As a result,
details pertaining to the subject’s financial and trading position could not be
obtained for the current enquiry.
For the year ended 30 June 2012 the subject recorded a break even result
on revenue of $3,500,000.
For the year ended 30 June 2009 the subject recorded revenue of
$1,700,000.
The subject is noted to operate in its capacity on behalf of the d
Bajaria Family Trust 2 and the K Bajaria Family Trust 2. Unsecured creditors
are placed at maximum risk when dealing with a trustee company.
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.63.89 |
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|
1 |
Rs.99.10 |
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Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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.