MIRA INFORM REPORT
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Report No. : |
309844 |
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Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SUPERIOR DIAMONDS PTY LTD |
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Registered Office : |
17 Market Street Nunawading, Victoria 3131 |
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Country : |
Australia |
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Date of Incorporation : |
20.09.1995 |
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Legal Form : |
Australian Proprietary Company |
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LINE OF BUSINESS : |
SUBJECT
OPERATES AS DIAMOND MERCHANTS INVOLVED IN THE IMPORT AND DISTRIBUTION OF
DIAMONDS AND RELATED PRODUCTS. |
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No. of Employee : |
100 |
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 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
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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 |
Company
name and address
SUPERIOR DIAMONDS
PTY LTD
ACN: 071 068 552
ABN: 45 071 068
552
Summary
Panel
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Incorporated |
1995 |
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Line of Business |
Diamond Merchants |
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Status |
Trading |
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Chief Executive Officer |
Atul Patel |
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Adverse Listings |
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Rating |
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CONTENTS
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EXECUTIVE
SUMMARY
Details pertaining to the subject’s financial and trading position were
unable to be obtained for the current enquiry.
We would subsequently not recommend issuing credit terms without
security.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Incorporation Date: 27
Sep 1995
Incorporation State: Victoria
Registered Office 17 MARKET Street
NUNAWADING,
Victoria 3131 Australia
Number of Shares Issued: 100
Paid Capital: $100
Shareholders ATUL BANSILAL
PATEL
Number
of Shares: 100
Directors
Directors PATEL, VANDITA
Appointment Date: 14 Aug
2001
Date of Birth: 01
Jan 1969
Gender: Female
Address: 192/99
WHITEMAN Street SOUTHBANK, Victoria 3006 Australia
Resident Overseas: No
PATEL, ATUL BANSILAL
Appointment Date: 28 Sep
1995
Date of Birth: 03
Dec 1965
Gender: Male
Address: 192/99
WHITEMAN Street SOUTHBANK, Victoria 3006 Australia
Resident Overseas: No
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.
As a result of PPS Reform a number of existing Commonwealth, State and
Territory personal property security registers will close. Interests registered
on existing security interest registers will be migrated to the national PPS
Register. Subsequently Registered Charges are no longer lodged with the
Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
BUSINESS STRUCTURE
TRADING ADDRESS Suite 907, 9th
floor
Manchester
Unity Building
220
Collins St
MELBOURNE,
VIC 3000
TELEPHONE (613)
9650 1380
FACSIMILE (613) 9650 8989
WEBSITE superiordia@gmail.com
BANK ANZ
BANKING GROUP
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 20 September 1995 to
commence operations under the current style as a new venture.
OPERATIONS
The subject operates as diamond merchants involved in the import and
distribution of diamonds and related products.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of of on 26 February 2015 failed to trace any litigation listed
against the subject at that date.
FINANCES
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current interview conducted with the subjects Director Atul
Patel, he confirmed the subjects search details however declined to provide any
information pertaining to the operating, trading or financial position of the
company as a matter of company policy.
Subsequently details in this regard were unable to be obtained for the
current enquiry.
TRADE
SURVEY
During the current investigation, details pertaining to the subject’s
suppliers were not provided.
A trade survey on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.82 |
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1 |
Rs.95.27 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
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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.