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Report No. : |
325082 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
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Name : |
N S W LEATHER COMPANY PTY LTD |
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Registered Office : |
707 Elizabeth Street, Waterloo New South Wales, NSW 2017, PO Box 6275,
Alexandria |
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Country : |
Australia
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Date of Incorporation : |
1952 |
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Com. Reg. No.: |
ACN: 001822171 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is engaged in import, distribution and stockist of all
finished leathers, cowhide rugs, cushions and cowhide bags. |
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No. of Employees : |
25 [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 : |
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
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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 |
IDENTIFICATION
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Subject name: |
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Other style: |
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Address: |
Postal address: |
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Town: |
Town: |
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State/province: |
State/province: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Mobile phone: |
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Fax: |
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Email: |
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Website: |
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EXECUTIVE SUMMARY
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Date
established: |
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Legal form: |
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Main activities: |
Importer, exporter, and distributor of leathers and
cowhide products. |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date
established: |
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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: |
Gerard Otto Fischl |
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Job title: |
Director |
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Name: |
Ian Leo Fischl |
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Job title: |
Director |
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Name: |
Michael Edward Fischl |
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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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8 King George Street McMahons Point, NSW 2060 Australia |
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Name: |
Gerard Otto Fischl |
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Board function: |
Director |
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Date appointed: |
08-02-1980 |
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Address: |
30 Wentworth Road Vaucluse, NSW 2030 Australia |
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Biography: |
Born: 03/02/1929 in Prague, Czech Republic |
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Name: |
Ian Leo Fischl |
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Board function: |
Director |
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Date appointed: |
17-05-1990 |
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Address: |
148 Hopetoun Avenue Vaucluse, NSW 2030 Australia |
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Biography: |
Born: 17/03/1967 in Sydney, New South
Wales |
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Name: |
Michael Edward Fischl |
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Board function: |
Director |
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Date appointed: |
17-05-1990 |
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Address: |
238 Sailors Bay Road Northbridge, NSW 2063 Australia |
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Biography: |
Born: 19/03/1969 in Sydney, 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: |
1 C share 2 NCP shares |
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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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1 C shar 2 NCP shares |
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Waterloo, NSW 2017 Australia |
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CORPORATE AFFILIATIONS
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Waterloo, NSW
2017 Australia |
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Name: |
THE NSW LEATHER
& TRADING CO PTY LTD |
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Affiliation type: |
Associate |
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Address: |
Australia |
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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, distribution
and stockist of all finished leathers, cowhide rugs, cushions and cowhide
bags. |
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Products/services: |
- Natural Rugs - Printed rugs
& Exotic hides - Picasso Dyed - Tecno Dyed - Patchwork Rugs - Cushions Upholstery
Leathers - Furniture
& Interior - Outdoor - Environmental - Automotive - Aviation - Marine Cowhide Bags Clothing &
Footwear - Shoes - Hats - Clothing Saddlery, Belts
& Craft Sheepskin Rugs - Ivory Sheep
Rug - Taupe Sheep
Rug - Charcoal Sheep
rug - Ebony Sheep
Rug |
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Local: |
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Export: |
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PROPERTY & ASSETS
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The Subject
principally operates from premises located at the heading address, consisting
of a warehouse and administrative offices. |
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The Company also
operates from branch offices in: 107-109 Sackville Street Collingwood, VIC 3066 Australia 3/41 Action Road Malaga, WA 6017 Australia 5/355 Brighton Road Hove, SA 5048 Australia |
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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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Exports: |
Credits 30 days
net |
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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.63.83 |
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1 |
Rs.97.10 |
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Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
TPT |
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.