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Report No. : |
350372 |
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Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
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Name : |
EXPORT TRADING GROUP AUSTRALIA P/L |
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Registered Office : |
Team Accounting Solutions, 131 Sutton
Street Redcliffe Qld, 4020 |
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Country : |
Australia |
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Date of Incorporation : |
18.02.2014 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates as a commodities trading company involved in the distribution
of a range of products including grains, pulses, oilseeds, edible nuts and
spices, sugar, tea, coffee, fertilizer and rice. |
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No. of Employee : |
Not Available |
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 : |
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 March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
Following
two decades of continuous growth, low unemployment, contained inflation, very
low public debt, and a strong and stable financial system, Australia enters 2015
facing a range of growth constraints, principally driven by a sharp fall in
global prices of key export commodities. Although demand for resources and
energy from Asia and especially China has grown rapidly, creating a channel for
resources investments and growth in commodity exports, sharp drops in current
prices have already impacted growth.
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,
although this trend could reverse or slow due to falling 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
entered into free trade agreements (FTAs) with the Republic of Korea and Japan,
and concluded an FTA with China, in 2014, adding to existing FTAs with Chile,
Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with
ASEAN and New Zealand. Australia continues to negotiate bilateral agreements
with India and Indonesia, as well as larger agreements with its Pacific
neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional
Comprehensive Economic Partnership that includes the ten ASEAN countries and
China, Japan, Korea, New Zealand and India. Australia is also working on the
Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
EXPORT TRADING GROUP
AUSTRALIA P/L
ACN 168116041
ABN 92168116041
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Established |
2014 |
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Incorporated |
2014 |
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Line of Business |
Commodities trading |
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Status |
Trading |
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Adverse Listings |
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Rating |
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Details pertaining to the subjects financial and trading position were
unable to be obtained for the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 18 Feb 2014
Incorporation State QLD
Registered Office TEAM ACCOUNTING
SOLUTIONS, 131 SUTTON
STREET REDCLIFFE QLD, 4020
Current Directors
Total: 3
Director Name PATEL, MAHESHKUMAR
RAOJIBHAI
Appointment Date 18 Feb 2014
Date of Birth 04 Apr 1955
Place of Birth NAIROBI KENYA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 2E0244920
Director Name PATEL, KETANKUMAR VINUBHAI
Appointment Date 18 Feb 2014
Date of Birth 27 Dec 1966
Place of Birth MOMBASA KENYA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 2E0244920
Director Name CLARK, SHAYNE PAUL
Appointment Date 18 Feb 2014
Date of Birth 25 Nov 1972
Place of Birth ORROROO SA
Gender MALE
Veda File Number 129349080
Resident Overseas N
Address 14 HARE ST, NORTH LAKES QLD
4509
Document Number 2E0244920
Current Secretaries
Total: 1
Secretary Name CLARK, SHAYNE PAUL
Appointment Date 18 Feb 2014
Date of Birth 25 Nov 1972
Place of Birth ORROROO SA
Address 14 HARE STREET NORTH LAKES
QLD, 4509
Document Number 2E0244920
Company Shares
Total: 10000 Amount: $10,000
Class ORDINARY [ ORD ]
Number of Shares Issued 10000
Paid Capital $10,000.00
Total Amount Due and Payable $0.00
Document Number 2E0244920
Current
Shareholders
Shareholder Name ETC GROUP
Address ST LOUIS BUSINESS CENTRE
CNR. DESROCHES ST. LOUIS
PORT LOUIS MAURITIUS
Class ORD
Number Held 10000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E0244920
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 Unit 4, 2 Wills ST
NORTH
LAKES, QLD 4509
TELEPHONE (617) 3188 9460
EMAIL fino1@etgworld.com
WEBSITE www.etgworld.com
HOLDING ENTITY ETC
GROUP Mauritius
BANK Not
determined
EMPLOYEES Not determined
The subject was incorporated in Queensland on 18 February 2014 to
commence operations under the current style as a new venture.
Global operations were founded in Kenya in 1967.
The subject operates as a commodities trading company involved in the
distribution of a range of products including grains, pulses, oilseeds, edible
nuts and spices, sugar, tea, coffee, fertilizer and rice.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 17 November 2014 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 with Financial Controller Rakesh, he
requested that all queries pertaining to the subject be conducted in writing.
An email was subsequently sent.
Upon responding Rakesh declined to provide any details pertaining to the
subject unless the source of the enquiry was released.
As a result, details pertaining to the subjects financial and trading
position could not be obtained for the current enquiry.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
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|
1 |
Rs.100.66 |
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Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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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.