|
Report No. : |
325674 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIABLE EXIM (AUST) PTY LTD |
|
|
|
|
Registered Office : |
25 Euston St, Rydalmere, NSW 2116 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Year of Establishment : |
1998 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import and Distribution of Food Products. |
|
|
|
|
No. of Employees : |
5 (Including 1 Active Director) |
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 : |
Slow but correct |
|
|
|
|
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) |
|
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
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.
|
Source
: CIA |
REGISTERED NAME RELIABLE EXIM (AUST) PTY LTD
ACN: 086 357 119
ABN: 86 086 357 119
|
Established |
1998 |
|
|
Incorporated |
1999 |
|
|
Status |
Trading |
|
|
Line of Business |
Import and distribution of food products |
|
|
Chief Executive Officer |
Mukesh Gupta |
|
For the last financial year ended 30 June 2014, the subject traded
profitably and recorded of more than $5,000,000. This compares to revenue of
$5,000,000 for the previous corresponding year ended 30 June 2014.
In regards to asset backing, the subjects is noted to own the premises
located at the above listed trading address.
Company Type Australian Proprietary
Company
INCORPORATED 19
February 1999
REGISTERED ADDRESS 25
Euston St
RYDALMERE,
NSW 2116
SHARECAPITAL $2
SHAREHOLDERS GUPTA,
Mukesh Holds 1
share
GUPTA,
Lata Holds 1
share
DIRECTORS GUPTA, Naresh
21
Gladstone Ave
RYDE,
NSW 2112
GUPTA, Mukesh
21
Gladstone Ave
RYDE,
NSW 2112
GUPTA,
Lata
21
Gladstone Ave
RYDE,
NSW 2112
SECRETARY GUPTA,
Mukesh
21
Gladstone Ave
RYDE,
NSW 2112
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.
TRADING ADDRESS 25 EUSTON ST,
RYDALMERE NSW 2116, AUSTRALIA
FACSIMILE (612)
9533 5800
WEBSITE www.indianfoods.com.au
EMAIL mukesh@indianfoods.com.au
TRADING STYLE INDIAN
FOODS
ASSOCIATED ENTITY TAJ INDIAN FOODS
P/L
GROUP BRANCHES SUNSHINE WEST, VIC
UNDERWOOD,
QLD
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 5 (including 1
active Director)
The subject was incorporated in New South
Wales on 19 February 1999 to commence operations under the current style.
Operations were founded in 1998.
The subject operates in the import and
distribution of Indian groceries.
The subject are exclusive distributors of
Haldiram's New Delhi, Frontier Rusk and Lata's Kitchen products Australia Wide.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 2 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
Director, Mukesh Gupta, he advised that for the last financial year ended 30
June 2014, the subject traded profitably and recorded of more than $5,000,000.
This compares to revenue of $5,000,000 for the previous corresponding year
ended 30 June 2014.
For the year ended 30 June 2011 the subject
recorded revenue of $4,000,000.
Current assets include stock on hand of $200,000.
In regards to asset backing, the subjects is noted
to own the premises located at the above listed trading address.
1. (BR Williams) Nominated supplier is yet to respond to correspondence despite chasing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.