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Report No. : |
325741 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MEASURING & CONTROL EQUIPMENT COMPANY PTY LTD |
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Registered Office : |
Suite 1 Level 1 York Robertson & Thorne, 3-5 Railway Street Baulkham
Hills Nsw, 2153 |
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Country : |
Australia |
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Date of Incorporation : |
01.08.1968 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacture of Fluid Monitoring Products. |
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No. of Employees : |
10 |
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) |
|
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.
|
Source
: CIA |
REGISTERED NAME MEASURING & CONTROL
EQUIPMENT COMPANY PTY LTD
ACN: 004 740 863
ABN: 41 004 740 863
|
Established |
1968 |
|
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Incorporated |
1968 |
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Line of Business |
Manufacture of fluid monitoring products |
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Status |
Trading |
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Chief Executive Officer |
Matthew Campbell |
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Current
financial details pertaining to the subject were unable to be obtained for the
current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers contacted
in dealing with the subject on a credit basis.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 01
Aug 1968
Incorporation State VIC
Registered Office SUITE 1 LEVEL 1 YORK
ROBERTSON & THORNE, 3-5
RAILWAY STREET BAULKHAM
HILLS NSW, 2153
Current Directors Total: 1
Director Name CAMPBELL, MATHEW
ALEXANDER
Appointment Date 21 Mar 1995
Date of Birth 28 May 1967
Place of Birth EPPING NSW
Gender MALE
Resident Overseas N
Address 3 LAURENCE ST, PENNANT
HILLS NSW 2120
Document Number 0E2096064
Current Secretaries Total: 1
Secretary Name CAMPBELL, MATHEW
ALEXANDER
Appointment Date 12 Oct 2012
Date of Birth 28 May 1967
Place of Birth EPPING NSW
Address 3 LAURENCE STREET PENNANT
HILLS NSW, 2120
Document Number 1E8867492
Company Shares Total: 70 Amount: $70
Class ORDINARY SHARES [ORD]
Number of Shares Issued 70
Paid Capital $70.00
Total Amount Due and Payable $0.00
Document Number 00474086C
Current Shareholders
Shareholder Name MACVERO PTY LIMITED
ACN 160746118
ABN 53160746118
Address 'LEVEL1' SUITE 1 YORK
ROBERTSON & THORNE, 3-5
RAILWAY STREET BAULKHAM
HILLS NSW, 2153
Class ORD
Number Held 70
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E8867491
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 UNIT 18, 276 TO 278 NEW LINE RD
DURAL
NSW 2158
POSTAL ADDRESS PO Box 911
PENNANT
HILLS, NSW 1715
TELEPHONE (612) 9658 1234
WEBSITE www.macemeters.com
HOLDING ENTITY MACVERO PTY
LIMITED
ASSOCIATED
ENTITIES MACE USA LLC
BANK Not
determined
EMPLOYEES 10
The subject was
incorporated in Victoria on 1 August 1968 to commence operations under the
current style as a new venture.
The subject operates in the design and manufacture of packaged monitoring solutions for Industrial
and wastewater markets, agriculture and environmental monitoring.
The subject’s
unique XCi smart monitoring system provides flexible and expandable site
monitoring all housed in a rugged lockable enclosure. Battery, solar panels,
and their unique multiple card interface enable the user to control and log
multiple sensors remotely from a single XCi device.
For over 40 years, MACE has been designing
and manufacturing water flow meters, data loggers and sensors.
Flow metering technologies that MACE has
developed and utilised include Doppler Ultrasonic, Transit-time Ultrasonic, and
Electromechanical.
Activities are
conducted from leased premises located at the above listed trading address.
A search of of
on 4 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 the subjects Administration Manager, she confirmed the
subjects search and operational details before forwarding all queries
pertaining to the subjects financial position to Director Matthew Campbell.
Contact with Mr.
Campbell was unable to be established for the current enquiry. It was advised
that he was business with Quality Control Auditors and would be unavailable for
an interview.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
A trade survey
on the subject traced the following accounts:
1. (Element
14) Purchases average $1,000 per month on 30 day terms. Payment is met in 30
days and the account is considered satisfactory having been known since 1989.
2. (Endress
& Hauser) Purchases average $5,000 to $10,000 per month on 30 day terms.
Payment is met in 30 days and the account is considered satisfactory having
been known since 2011.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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 |
|
|
-- |
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.