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Report No. : |
325672 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MAX DISTRIBUTORS PTY LTD |
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Registered Office : |
Unit 2/771 Marshall Road, Malaga, Western Australia, WA 6090 |
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Country : |
Australia
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Date of Incorporation : |
27.10.2005 |
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Com. Reg. No.: |
116894878 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject is engaged in the retail wholesale of imported groceries and
general consumer goods. |
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No. of Employees : |
Less Than 5 [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: |
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Town: |
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State/province: |
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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: |
maxdistributors@gmail.com |
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Website: |
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Remarks: |
The Subject's registered address is: 'Lakeside Corporate' Unit 16, 24 Parkland Road Osborne Park, WA 6017 Australia |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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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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Comments: |
SHREE GANESH FOODS is a business name registered
on 18/11/2005 under Registration Number BN10396494 (WA). |
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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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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Stirling, WA 6021 Australia |
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Birth Place: Nakuru, Kenya |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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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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Stirling, WA
6021 Australia |
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CORPORATE AFFILIATIONS
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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 the retail
wholesale of imported groceries and general consumer goods. |
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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 shop and an office. |
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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 cards |
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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.64.11 |
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1 |
Rs.97.84 |
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Euro |
1 |
Rs.71.12 |
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.