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Report No. : |
350828 |
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Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SANWA PTY LTD |
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Registered Office : |
201, 100 New South Head Rd Edgecliff, NSW 2027 |
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Country : |
Australia |
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Date of Incorporation : |
07.06.1971 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and export of industrial
raw materials. Products include building and timber products, chemicals,
minerals and paper, plastics and metals. |
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No. of Employee : |
30 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
SANWA PTY LTD
ACN: 000 094 987
ABN: 96 000 094 987
Summary
Panel
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Established |
1971 |
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Incorporated |
1971 |
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Line of Business |
Commodities trading |
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Status |
Trading |
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Chief Executive Officer |
FERSTER, Ronald David |
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Adverse Listings |
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For the last financial year ended 30 June 2015 the subject traded
profitably and recorded revenue of $319 million.
For the same period the group recorded revenue of $423 million.
The subject maintains Net Assets of just under $20,000,000.
Company Type Australian
Proprietary Company
INCORPORATED 7
June 1971
REGISTERED ADDRESS 201,
100 New South Head Rd
EDGECLIFF,
NSW 2027
Company Shares Total: 323684 Amount:
$1,668,857
Class ORDINARY SHARES [ORD]
Number of Shares Issued 246000
Paid Capital $168,741.00
Total Amount Due and Payable $0.00
Document Number 019944547
Class REDEEMABLE EMPLOYEE (B) SHARES
[REBS]
Number of Shares Issued 16184
Paid Capital $344,903.00
Total Amount Due and Payable $0.00
Document Number 028115509
Class REDEEMABLE EMPLOYEE (C)
SHARES [RECS]
Number of Shares Issued 19421
Paid Capital $910,530.00
Total Amount Due and Payable $0.00
Document Number 028115509
Class REDEEMABLE EMPLOYEE
SHARES [RES]
Number of Shares Issued 42079
Paid Capital $244,683.00
Total Amount Due and Payable $0.00
Document Number 028115509
Current Shareholders
Shareholder Name SANWA HOLDINGS PTY
LIMITED
ACN 104735855
ABN 52104735855
Address SUITE 201, 100 NEW SOUTH
HEAD ROAD EDGECLIFF NSW,
2027
Class ORD
Number Held 246000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 019944547
Shareholder Name DANINA TRADING PTY.
LIMITED
ACN 110705621
Address 42 ONSLOW STREET ROSE BAY
NSW, 2029
Class REBS
Number Held 16184
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 028115509
Shareholder Name TALDINDY PTY LTD
ACN 137013417
Address 45 HELENA STREET RANDWICK
NSW, 2031
Class RECS
Number Held 11329
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 1F0432660
Shareholder Name L & M DI MEDIO PTY
LTD
ACN 137756800
Number Held 8092
Beneficially Held N
Address 16 ALLENBY ROAD
CANTERBURY VIC, 3126
Class RECS
Fully Paid Y
Jointly Held N
Document Number 028115509
Shareholder Name AUSTRALIANSTEEL.COM
PTY. LIMITED
ACN 092062649
ABN 64092062649
Address 45 GORDON STREET CLONTARF
NSW, 2093
Class RES
Number Held 32368
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 028115509
Shareholder Name PERPETUAL LIGHT PTY.
LTD.
ACN 056515701
ABN 54056515701
Address 310 BIRRELL STREET BONDI
NSW, 2026
Class RES
Number Held 9711
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 028115509
DIRECTORS SELIGSOHN,
Howard
290
Military Rd
DOVER
HEIGHTS, NSW 2030
ROBERTS,
David Scott
45
Gordon St
CLONTARF,
NSW 2093
FERSTER,
Ronald David
42
Fitzwilliam Rd
VAUCLUDE,
NSW 2030
SECRETARY MEYER,
Michael Saul
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 201,
100 New South Head Rd
EDGECLIFF,
NSW 2027
TELEPHONE (612)
9362 4088
FACSIMILE (612)
9362 3622
WEBSITE http://sanwa.com.au/
HOLDING ENTITY SANWA
HOLDINGS P/L
ASSOCIATED ENTITIES HALIFAX
VOGEL GROUP P/L
HALIFAX
GROUP P/L
BRANCHES BRISBANE,
QLD
MELBOURNE,
VIC
BANK NATIONAL
AUSTRALIA BANK
Branch:
Sydney, NSW 2000
EMPLOYEES 30
The subject was incorporated in New South Wales on 7 June 1971 to commence
operations as a new venture.
The subject acquired Halifax Group, now known as HVG in 1988.
The subject operates as an Australian-based international trading
company involved in the import and export of industrial raw materials.
Products include building and timber products, chemicals, minerals
and paper, plastics and metals.
Product divisions include:
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Stainless Steel and Aluminium
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Industrial Distribution
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Meat and Livestock
Activities are conducted from premises located at the above listed
trading address.
A search of of on 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, Michael Meyer he advised for the last financial year ended 30 June
2015 the subject traded profitably and recorded revenue of $319 million.
For the same period the group recorded revenue of $423 million.
For the year ended 30 June 2011, the subject recorded revenue of
$157,000,000. This compares to revenue of $200,000,000 for the previous
corresponding year ended 30 June 2010.
The subject maintains a trade finance facility with the National
Australia Bank. This facility is used to assist in funding working capital
requirements.
The subject maintains Net Assets of just under $20,000,000.
Further details pertaining to the subject’s financial position
were not provided for the current enquiry as a matter of company policy.
A trade survey on the subject traced the following accounts:
(Connor Anderson) Purchases range between $40,000 and $150,000 per
month on 30 day terms. Payment is met in 30 days and the account is considered
satisfactory having been known since 2007.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TRU |
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 |
-- |
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.