MIRA INFORM REPORT

 

 

Report No. :

323738

Report Date :

29.05.2015

 

IDENTIFICATION DETAILS

 

Name :

STANCOME PTY LTD

 

 

Registered Office :

'Asic Mail Returned 27 / 01 /2009', 1962 **Wynnum Road, Wynnum West Qld, 4178

 

 

Country :

Australia

 

 

Date of Incorporation :

07.01.1999

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

Subject is provision, design and manufacture of RF distribution products

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 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


Company NAMe

 

STANCOME PTY LTD

 

ACN: 085 781 399

ABN: 25 085 781 399

 

Summary Panel

Incorporated

1999

 

Line of Business

Communications systems

Status

Trading

Chief Executive Officer

STANFORD, PETER DUDLEY

Adverse Listings

Nil

 

 

 

EXECUTIVE SUMMARY

 

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

In view of the above the subject has been assigned with a rating of ‘NA 5’.

 

 

CORPORATE SEARCH

 

Company Type             Australian Proprietary Company

 

Status                           Registered

 

Incorporation Date         07 Jan 1999

 

Incorporation State        QLD

 

 

Registered Office

 

'ASIC MAIL RETURNED 27 / 01 /

2009', 1962 **WYNNUM ROAD

WYNNUM WEST QLD, 4178

 

 


Current Directors

 

Total: 1

 

Director Name STANFORD, PETER DUDLEY

Appointment Date 07 Jan 1999

Date of Birth 14 Jul 1963

Place of Birth GAINSBOROUGH UNITED

KINGDOM

Gender MALE

Resident Overseas N

Address 1962 WYNNUM RD, WYNNUM

WEST QLD 4178

Document Number 025110719

 

 

Current Secretaries

 

Total: 1

 

Secretary Name STANFORD, PETER DUDLEY

Appointment Date 07 Jan 1999

Date of Birth 14 Jul 1963

Place of Birth GAINSBOROUGH UNITED

KINGDOM

Address 'ASIC MAIL RETURNED 27 / 01 /

2009', 1962 **WYNNUM ROAD

WYNNUM WEST QLD, 4178

Document Number 025110719

 

 

Company Shares

 

Total: 1000 Amount: $1,000

 

Class ORDINARY [ORD]

Number of Shares Issued 1000

Paid Capital $1,000.00

Total Amount Due and Payable $0.00

Document Number 0E3806366

 

 


Current Shareholders

 

Shareholder Name STANFORD, PETER DUDLEY

Address 1962 WYNNUM ROAD WYNNUM

WEST QLD, 4178

Class ORD

Number Held 1000

Beneficially Held Y

Fully Paid Y

Jointly Held N

Document Number 0E3806366

 

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                 4 Beverley Rd

                                                WYNNUM WEST, QLD 4178                             

 

TELEPHONE                             (617) 3393 3529

 

EMAIL                                      sales@stancomm.com.au

 

WEBSITE                                  www.stancomm.com.au

 

BANK                                       Not determined

                                               

EMPLOYEES                            Not determined

 

 

BACKGROUND

 

The subject was incorporated in Queensland on 7 January 1999 under the current style.

 

Operations have been established for 13 years.

OPERATIONS

 

The subject operates in the provision, design and manufacture of RF distribution products. Specialising in custom development of wideband modules for HF, VHF and UHF system operators. The company is a leader in the design of precision communication related products for the high end user.

 

Activities are conducted from premises located at the above listed trading address.

 

 

ADVERSE

                                               

A search of of on 21 May 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 Peter Stanford he declined to confirm or provide any details pertaining got the subject unless the source of the enquiry was released.

 

Current financial and trading details were subsequently unable to be obtained for the current enquiry.

 

Please note, should further details pertaining to the source of the enquiry be released we will contact with the subject.

 

 

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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.98.16

Euro

1

Rs.69.74

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.