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Report No. : |
327767 |
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Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
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Name : |
POLYVOLTAIC TECHNOLOGIES PTY LTD |
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Registered Office : |
1 Naja Crescent Hampton Park Vic, 3976 |
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Country : |
Australia |
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Date of Incorporation : |
24.09.2008 |
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Legal Form : |
Private Company |
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Line of Business : |
Research and development of photoluminescent technologies |
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No. of Employee : |
1 |
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 : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2015 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. Although demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports, sharp drops in current prices have already impacted growth. 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, although this trend could reverse or slow due to falling 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 entered into free trade agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the ten ASEAN countries and China, Japan, Korea, New Zealand and India. Australia is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source
: CIA |
POLYVOLTAIC
TECHNOLOGIES PTY LTD
ACN: 133 402 758
ABN: 12 133 402
758
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Established |
2008 |
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Incorporated |
2008 |
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Line of Business |
Research and development of photoluminescent technologies |
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Status |
Trading |
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Chief Executive
Officer |
BELADAKERE, NAGENDRA |
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Adverse Listings |
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The subject is
still in the research and development phase of operations and expects to
commence full trading activities in 2016.
For the last
financial year ended 30 June 2014 the subject recorded revenue of $7,000 to
$8,000. Since establishing activities annual revenues have range up to $20,000
per year.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 24 Sep 2008
Incorporation State VIC
Registered Office 1 NAJA CRESCENT HAMPTON
PARK VIC, 3976
Start Date 24 Sep 2008
Current Directors Total: 1
Director Name BELADAKERE, NAGENDRA
Appointment Date 24 Sep 2008
Date of Birth 15 Aug 1960
Place of Birth INDIA
Gender MALE
Resident Overseas N
Address 1 NAJA CRS, HAMPTON PARK
VIC 3976
Document Number 1E4802823
Current Secretaries Total: 1
Secretary Name BELADAKERE, NAGENDRA
Appointment Date 24 Sep 2008
Date of Birth 15 Aug 1960
Place of Birth null INDIA
Address 1 NAJA CRESCENT HAMPTON
PARK VIC, 3976
Document Number 1E4802823
Company Shares Total: 12 Amount: $12
Class ORD SHARE [ORD]
Number of Shares Issued 12
Paid Capital $12.00
Total Amount Due and Payable $0.00
Document Number 1E4802823
Current Shareholders
Shareholder Name BELADAKERE, NAGENDRA
Address 1 NAJA CRESCENT HAMPTON
PARK VIC, 3976
Class ORD
Number Held 6
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E4802823
Shareholder Name BELADAKERE, SUJATHA
Address 1 NAJA CRESCENT HAMPTON
PARK VIC, 3976
Class ORD
Number Held 6
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E4802823
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 1 NAJA CRESCENT
HAMPTON PARK VIC, 3976
TELEPHONE 0437 944 401
WEBSITE www.polyvoltaic.com.au
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 1 - Director
The subject was
incorporated in Victoria on 24 September 2008 under the current style as a new
venture.
The subject is still in the research and
development phase of operations involved in the development of photoluminescent
products
The subject have developed new
photoluminescent compounds, patented the compounds, and proprietary
formulations for leveraging photoluminescence.
Products range from aggregates for use
in concrete embedding to effective surface coatings that are also
thermoluminescent.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 18 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 Nagendra Beladakere he advised that
the subject is still in the research and development phase of operations and
expects to commence full trading activities in 2016.
For the last
financial year ended 30 June 2014 the subject recorded revenue of $7,000 to
$8,000. Since establishing activities annual revenues have range up to $20,000
per year.
Current assets
include stock on hand of $50,000.
The subject
maintains corporate credit card facilities with a $6,000 which are used to
assist in funding operations.
A trade survey
on the subject traced the following accounts:
1.
(Redox)
Nominated supplier failed to respond to correspondence despite chasing.
2.
(Parchem)
Nominated supplier failed to respond to correspondence despite chasing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.51 |
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|
1 |
Rs.100.94 |
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Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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.