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Report No. : |
323800 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
MICHELL INTERNATIONAL PTY LTD |
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|
|
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Registered Office : |
1506 Main North Road, Salisbury South Sa, 5106 |
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Country : |
Australia |
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Date of Incorporation : |
1870 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Wool exporters |
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No of Employees : |
Not Available |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 2014, Australia had experienced more than 20 years of continued economic growth, averaging more than 3% 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 |
MICHELL INTERNATIONAL
PTY LTD
ACN: 106 969 359
ABN: 23 106 969
359
Summary Panel
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Established |
1870 |
|
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Incorporated |
2004 |
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Line of Business |
Wool exporters |
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Status |
Trading |
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Adverse Listings |
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The subject
operates as the export arm of the group.
The group
generates revenue of $90,000,000 per annum. Around 95% of the Groups product is
exported.
The subject
maintains access to financing facilities with its bankers which are used to
assist in funding working capital requirements.
In regards to
asset backing the group is noted to own the premises located at the above
listed trading address.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 07 Nov
2003
Incorporation State VIC
Registered Office 1506 MAIN NORTH ROAD
SALISBURY SOUTH SA, 5106
Current Directors Total: 2
Director Name MICHELL, PETER JOHN
Appointment Date 03 Jun 2004
Date of Birth 11 Oct 1968
Place of Birth ADELAIDE SA
Gender MALE
Resident Overseas N
Address 93 TYNTE ST, NORTH ADELAIDE
SA 5006
Document Number 7E0768289
Director Name MICHELL, DAVID RONALD
Appointment Date 07 Nov 2003
Date of Birth 10 May 1959
Place of Birth ADELAIDE SA
Gender MALE
Veda File Number 46827175
Resident Overseas N
Address 197 STANLEY ST, NORTH
ADELAIDE SA 5006
Document Number 7E3178987
Current Other Organisation Officers Total: 1
Officer Role Ultimate Holding Company
Officer Name ROUBAIX HOLDINGS PTY LTD
ACN 139894027
Appointment Date -
Address -
Document Number 7E3964665
Company Shares Total: 100 Amount: $100
Class ORDINARY SHARES [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 019436714
Current Shareholders
Shareholder Name MICHELL WOOL PTY LIMITED
ACN 165515604
ABN 11165515604
Address 1506 MAIN NORTH ROAD
SALISBURY SOUTH SA, 5106
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 028817429
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.
TRADING ADDRESS 1506 MAIN NORTH
ROAD
SALISBURY SOUTH SA, 5106
TELEPHONE (618) 8209 4400
WEBSITE www.michellwool.com
HOLDING ENTITY MICHELL WOOL PTY LIMITED
ULTIMATE HOLDING
ENTITY ROUBAIX HOLDINGS
PTY LTD
ASSOCIATED
ENTITIES MICHELL WOOL CHINA
BANK ANZ
BANKING GROUP
EMPLOYEES Nil
65
(Australian Group)
The subject was
incorporated in Victoria on 7 November 2003 before adopting the current style
on 2 July 2004.
The group
commenced operations in 1870.
The subject operates
in the export of wool fibre products.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 22 May 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 the subjects Financial Controller Mario he
advised that the subject operates as the export arm of the group.
The group
generates revenue of $90,000,000 per annum. Around 95% of the Groups product is
exported.
Current assets
include stock on hand of $12,000,000.
The subject
maintains access to financing facilities with its bankers which are used to
assist in funding working capital requirements.
In regards to
asset backing the group is noted to own the premises located at the above
listed trading address.
A trade survey
on the subject traced the following accounts:
1.
(Flexichem)
Nominated supplier failed to respond to correspondence despite chasing.
2.
(AWH)
Nominated supplier failed to respond to correspondence despite chasing.
3.
(OOCL)
Nominated supplier failed to respond to correspondence despite chasing.
4.
(Collins
Industrial) Nominated supplier failed to respond to correspondence despite
chasing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.90 |
|
|
1 |
Rs. 98.16 |
|
Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
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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 |
|
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.