MIRA INFORM REPORT
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Report No. : |
314622 |
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Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
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Name : |
NADEEM ENTERPRISES PTY LTD |
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Registered Office : |
3 Montgomery Way Malaga, WA 6090 |
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Country : |
Australia |
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Date of Incorporation : |
01.07.2003 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import food products and spices |
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No. of Employee : |
4 to 5 (including 1 Director) |
RATING & COMMENTS
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MIRAs 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 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 |
company
name
NADEEM ENTERPRISES
PTY LTD
ACN: 105 344 938
ABN: 45 105 344 938
Summary
Panel
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Established |
2003 |
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Incorporated |
2003 |
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Line of Business |
Import food products and spices |
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Status |
Trading |
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Chief Executive
Officer |
Mohammed Nadeem |
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Adverse Listings |
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CONTENTS
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EXECUTIVE
SUMMARY
Current financial and trading details were unable to be obtained for the current enquiry.
Previous investigations have revealed that for the year ended 30 June 2013 the subject traded profitably and recorded revenue of $2,400,000.
In view of the above the subject has been assigned with a rating of NA
5.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
Incorporation Date
01 Jul 2003
Incorporation
State Western Australia
Registered Office 3 Montgomery Way
MALAGA,
WA 6090
Number of Shares
Issued 4
Paid Capital $4
Shareholders NADEEM
INTERNATIONAL P/L
Number of Shares: 4
Directors NADEEM, MOHAMMAD
ASIF
Appointment Date: 01 Jul 2003
Date of Birth: 02 Jan 1959
Gender: Male
Address: 17 HENSLEY Loop LANDSDALE, Western Australia 6065 Australia
Secretary Not
shown
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 3 Montgomery
Way
MALAGA,
WA 6090
TELEPHONE (618) 9249 5155
FACSIMILE (618)
9249 5199
HOLDING ENTITY NADEEM INTERNATIONAL P/L
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 4 to 5 (including
1 Director)
BACKGROUND
The subject was incorporated in Western
Australia on 1 July 2003 to commence operations under the current style as a
new venture.
OPERATIONS
The subject operates in the import and wholesale of food products
including spices.
Activities are
conducted from premises located at the above listed trading address.
ADVERSE
A search of of
on 26 March 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 Director, Mohammed Nadeem, he declined to confirm or release any details pertaining got the subject unless the source of the enquiry was released.
As a result, current financial and trading details were unable to be obtained for the current enquiry.
Previous investigations have revealed that for the year ended 30 June 2013 the subject traded profitably and recorded revenue of $2,400,000.
Revenue was expected to reach $3,000,000 for the last financial year
ending 30 June 2014.
For the year ended 30 June 2011 the subject traded profitably and recorded revenue of $1,500,000.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
TRADE SURVEY
Details
pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey
on the subject was subsequently unable to be conducted.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $747
Total Past Due: $0
Average Late Payment Days: 0
All Industries Late Payment Days: 0
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Within
terms: $747
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1 30
days past due: $0
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31 60
days past due: $0
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61 90
days past due: $0
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91+
days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.63 |
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1 |
Rs.92.94 |
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Euro |
1 |
Rs.68.06 |
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 SCs
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.