MIRA INFORM REPORT
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Report No. : |
309384 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SCALZO TRADING CO. PROPRIETARY LIMITED |
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Registered Office : |
156-174 Kensington Road, West Melbourne, Victoria, VIC 3003 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
06.05.1977 |
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Com. Reg. No.: |
ACN: 005318810 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject is engaged in processing and supplying of food products
and commodities such as pre-packaged nuts, dried fruits, snack mixes,
dehydrated meats, vegetables, fruits and other speciality products. |
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No. of Employees : |
278 [Group] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 2012,
Australia had experienced more than 20 years of continued economic growth,
averaging 3.5% 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: |
SCALZO FOOD DEHYDRATION |
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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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Fax: |
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Email: |
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Website: |
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Remarks: |
We have contacted the subject and confirm
the operating address is: 156-174 Kensington Road West Melbourne, VIC 3003 Australia The Subject's registered address remain
as: 170-174
Kensington Road West Melbourne, VIC 3003 Australia |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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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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Business names: |
Registered on
16/09/1991 Registered ID
VIC 1020996L SCALZO FOOD
DEHYDRATION Registered on
04/02/2000 |
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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: |
Clay Patrick Hayden |
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Job title: |
Director |
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Name: |
Geoffrey Donald Rankin |
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Job title: |
Director |
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Name: |
Michael Scalzo |
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Job title: |
Director |
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Name: |
Quinton Scalzo |
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Job title: |
Director |
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Name: |
Bill Sant |
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Job title: |
Company Secretary |
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Auditor: |
550 Bourke Street Melbourne, VIC 3000 Australia |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Kooyong, VIC 3144 Australia |
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Name: |
Clay Patrick Hayden |
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Board function: |
Director |
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Date appointed: |
01-04-1999 |
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Address: |
1a Douglas Street Toorak, VIC 3142 Australia |
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Biography: |
Born: 07/03/1953 in Auckland, New Zealand |
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Name: |
Geoffrey Donald Rankin |
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Board function: |
Director |
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Date appointed: |
23-09-2010 |
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Address: |
26 Forbes Street Rye, VIC 3941 Australia |
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Biography: |
Born: 01/03/1955 in Southport, Queensland |
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Name: |
Michael Scalzo |
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Board function: |
Director |
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Date appointed: |
21-05-1997 |
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Address: |
8 Kerferd Street Malvern East, VIC 3145 Australia |
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Biography: |
Born: 06/08/1972 in Melbourne, Victoria |
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Name: |
Quinton Scalzo |
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Board function: |
Director |
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Date appointed: |
06-05-1977 |
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Address: |
14 Central Park Road Malvern East, VIC 3145 Australia |
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Biography: |
Born: 24/05/1947 in Decollatura, Italy |
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Name: |
Bill Sant |
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Board function: |
Company Secretary |
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Date appointed: |
20-02-2004 |
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Address: |
63 Lady Nelson Way Keilor Downs, VIC 3038 Australia |
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Biography: |
Born: 01/04/1958 in Malta |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
4,000 B 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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4,000 B shares |
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St Kilda Road,
VIC 8004 Australia |
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CORPORATE AFFILIATIONS
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St Kilda Road,
VIC 8004 Australia |
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Name: |
CELLPACK LIMITED |
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Affiliation type: |
Associate |
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Address: |
New Zealand |
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Name: |
DAVMICA PTY LTD |
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Affiliation type: |
Associate |
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Address: |
Australia |
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Name: |
SCALZO BAYLES
PTY LTD |
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Affiliation type: |
Associate |
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Address: |
Australia |
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Name: |
SCALZO
KENSINGTON 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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Bank name: |
WESTPAC BANKING CORPORATION |
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Address: |
Australia |
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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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Presentation: |
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Date of accounts: |
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Type of accounts: |
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Currency: |
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Exchange rate: |
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The above figures relate to the Subject's
Parent Company HIGHBROOK HOLDINGS PTY LTD.
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OPERATIONS & HISTORY
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Full description: |
The Subject is engaged in processing and
supplying of food products and commodities such as pre-packaged nuts, dried
fruits, snack mixes, dehydrated meats, vegetables, fruits and other
speciality products. |
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Products/services: |
Fruits Vegetables Coconut Grains Seeds Rice Herbs Starches Emulsifiers,
Thickeners & Fibres Snack Products |
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Brands: |
NUTTERS AUSDRYD |
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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 administrative offices. |
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The Company also operates from the following
locations: The Exchange,
Suite 31 1 Elyard Street Narellan, NSW
2164 Australia 130 Riverside
Place Morningside, QLD
4170 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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ATTACHMENTS
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Attachments: |
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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.61.79 |
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1 |
Rs.95.42 |
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Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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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.