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Report No. : |
324347 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MIRAJ TRADING PTY LTD |
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Registered Office : |
Unit 2, 100 William Street Five Dock NSW, 2046 |
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Country : |
Australia |
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Date of Incorporation : |
07.12.2010 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution and export of
Products including, Full Cream Milk Powder, Skimmed Milk Powder, Infant Milk
Powder, Timber, Scrap Metals, Cheese, Juices, Energy Drinks, Butter, Coal |
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No. of Employees : |
1 (Active Director) |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 2014, Australia had experienced more than 20 years of continued economic growth, averaging more than 3% 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 |
MIRAJ TRADING PTY
LTD
ACN: 147 741 606
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Summary Panel |
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Established |
2010 |
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Incorporated |
2010 |
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Line of Business |
Distribution
of food and metal products |
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Status |
Trading |
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Chief Executive Officer |
MISRA,
SHELLY |
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Adverse Listings |
Nil |
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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 07 Dec 2010
Incorporation
State WA
Registered
Office UNIT 2, 100 WILLIAM STREET
FIVE
DOCK NSW, 2046
Current Directors Total: 2
Director
Name KAISTHA, TANUJ
Appointment
Date 01 Oct 2014
Date
of Birth 19 Aug 1971
Place
of Birth DALHOUSIE INDIA
Gender
MALE
Resident
Overseas N
Address
2, 100 WILLIAM ST, FIVE DOCK
NSW
2046
Document
Number 7E6420416
Director
Name MISRA, SHELLY
Appointment
Date 07 Dec 2010
Date
of Birth 26 Feb 1974
Place
of Birth KANPUR INDIA
Gender
FEMALE
Resident
Overseas N
Address
2, 100 WILLIAM ST, FIVE DOCK
NSW
2046
Document
Number 5E2572725
Current
Secretaries Total: 1
Secretary
Name MISRA, SHELLY
Appointment
Date 06 Sep 2011
Date
of Birth 26 Feb 1974
Place
of Birth KANPUR INDIA
Address
UNIT 2, 100 WILLIAM STREET
FIVE
DOCK NSW, 2046
Document
Number 7E3941870
Company
Shares Total: 2 Amount: $2
Class
ORDINARY [ORD]
Number
of Shares Issued 2
Paid
Capital $2.00
Total
Amount Due and Payable $0.00
Document
Number 7E6420416
Current
Shareholders
Shareholder
Name MISRA, SHELLY
Address
UNIT 2, 100 WILLIAM STREET
FIVE
DOCK NSW, 2046
Class
ORD
Number
Held 1
Beneficially
Held Y
Fully
Paid Y
Jointly
Held N
Document
Number 5E2572725
Shareholder
Name KAISTHA, TANUJ
Address
UNIT 2, 100 WILLIAM STREET
FIVE
DOCK NSW, 2046
Class
ORD
Number
Held 1
Beneficially
Held Y
Fully
Paid Y
Jointly
Held N
Document
Number 7E6420416
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).
TRADING ADDRESS 1 Pearl Place
SEVEN HILLS, NSW 2154
TELEPHONE 0415 308 579
WEBSITE www.mirajtrading.com
BANK Not determined
EMPLOYEES 1 (active Director)
The subject was incorporated in Western Australia on 7 December 2010 under the current style as a new venture.
The subject operates in the
distribution and export of Products including,
Full Cream Milk Powder, Skimmed Milk Powder, Infant Milk Powder, Timber, Scrap
Metals, Cheese, Juices, Energy Drinks, Butter, Coal
Iron Ore, Meat Products, Gold and scrap metal.
Activities are conducted from premises located at the above listed trading address.
A search of of on 25 May 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 subjects Director Tanuj Kaistha, he advised that as a result of ill health the subject has not undertaking much trading activities over the past 2 years. The operations of the subject are presently been managed by his wife Shelly Misra.
Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.
Details pertaining got the subjects suppliers were unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
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|
1 |
Rs.97.27 |
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Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.