|
Report No. : |
311112 |
|
Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANZ RECYCLING |
|
|
|
|
Registered Office : |
Suite 114, 377 Kent Street, Sydney, New South Wales, Postal Code NSW
2000 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
14.01.2015 |
|
|
|
|
Legal Form : |
Discretionary Trading Trust |
|
|
|
|
Line of Business : |
engaged in sourcing
and supplying of Recyclable
Products (Paper/Board, Plastics and Metals such as aluminium & Copper Scrap) to manufacturers/factories as
raw materials to manufacture their finished products. |
|
|
|
|
No of Employees : |
05 (Estimated) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
IDENTIFICATION
|
|
|
|
|
|
Subject name: |
|
|
Address: |
|
|
Country: |
|
|
|
|
|
|
|
|
Subject name: |
|
|
Address: |
|
|
Town: |
|
|
State/province: |
|
|
Zip/postal code: |
|
|
Country: |
|
|
Telephone: |
|
|
Fax: |
|
|
Email: |
|
|
Website: |
|
|
|
|
EXECUTIVE SUMMARY
|
|
|
|
|
|
Date registered: |
|
|
Legal form: |
|
|
Main activities: |
engaged in sourcing
and supplying of Recyclable
Products (Paper/Board, Plastics and Metals such as aluminium & Copper Scrap) to manufacturers/factories as
raw materials to manufacture their finished products. |
|
Employees: |
|
|
|
|
|
Financial
information was not available. The Subject was recently established. More
caution advisable when considering granting credit. Smaller credits plus
guarantees an advantage. A strict credit control policy applies. |
|
|
|
|
REGISTRY DATA
|
|
|
Key Facts |
|
|
Date registered: |
|
|
Legal form: |
|
|
Registry auth. |
|
|
Tax number: |
ABN: 66 579 581 689 (The trustee for DDT
Holdings Discretionary Trust) |
|
Registry status: |
|
|
|
|
|
|
|
LEGAL FILINGS
|
|
|
|
|
|
Bankruptcy filings: |
|
|
Court judgements: |
|
|
Tax liens: |
|
|
Other: |
|
|
|
|
|
|
|
MANAGEMENT & STAFF
|
|
|
|
|
|
|
|
|
Name: |
Rajeev Saraff |
|
Job title: |
Director |
|
|
|
|
|
|
|
No of employees |
|
|
|
|
|
|
|
BOARD OF DIRECTORS / OTHER APPOINTMENTS
|
|
|
|
|
|
|
|
|
Name: |
Rajeev Saraff |
|
Board function: |
Director |
|
Address: |
Australia |
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
Composition |
|
|
Authorised: |
|
|
|
|
|
|
|
Shareholders/Owners
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE AFFILIATIONS
|
|
|
|
|
|
Australia |
|
|
Registration date: 15/06/2009 |
|
|
|
|
|
Name: |
JEEV INTERNATIONAL |
|
Affiliation
type: |
Associate |
|
Address: |
1 38-44 Mountain Street Ultimo, NSW 2007 Australia |
|
Comment: |
Registration date: 24/03/2014 Holder(s) details:- Holder Name: The trustee for DDT Holdings Discretionary
Trust Holder Type: Other Unincorporated Entity ABN: 66 579 581 689 |
|
|
|
|
|
|
BANKING & FINANCING
|
|
Bankers
|
|
|
|
|
|
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. |
|
|
|
|
|
|
|
FINANCIAL ACCOUNTS
|
|
|
|
|
|
Required to
file: |
|
|
Source: |
|
|
|
|
|
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. |
|
|
|
|
|
|
|
OPERATIONS & HISTORY
|
|
|
|
|
|
Full
description: |
engaged in sourcing and supplying of Recyclable Products (Paper/Board, Plastics and
Metals such as aluminium & Copper
Scrap) to manufacturers/factories as raw materials to manufacture their
finished products. |
|
|
|
|
|
|
PROPERTY & ASSETS
|
|
|
|
|
|
The Subject
principally operates from premises located at the heading address, consisting
of administrative offices. |
|
|
|
|
|
|
|
PAYMENTS
|
|
|
|
|
|
Local: |
Credits 14-30 days |
|
Imports: |
|
|
|
|
|
|
|
|
Local: |
Credits 14-30 days |
|
|
|
|
As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED. |
||
|
|
||
|
|
||
INVESTIGATIVE
NOTES
|
||
|
|
|
|
|
Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.75 |
|
UK Pound |
1 |
Rs.94.60 |
|
Euro |
1 |
Rs.67.09 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.