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Report No. : |
351730 |
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Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
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Name : |
RAPERS PTY LTD |
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Formerly Known As : |
VADALS |
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Registered Office : |
12-16 Container Street, Tingalpa, Queensland, PO Box 3433 |
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Country : |
Australia
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Date of Incorporation : |
30.06.2004 |
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Com. Reg. No.: |
ACN: 109827714 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject is engaged in the supplies of dry goods to the food
industry from seasonings, coatings, marinades & glazes, herbs, spices
& casings, machinery & equipment, packaging, film, trays &
containers, protective clothing & cleaning products, knives & steels. |
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No. of Employees : |
10+ |
RATING & COMMENTS
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MIRA’s 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 : |
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
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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.
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Source
: CIA |
IDENTIFICATION
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Subject name: |
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Address: |
Postal address: |
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Town: |
Town: |
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State/province: |
State/province: |
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Zip/postal code: |
Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
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Remarks: |
The Subject's registered address is: Wayne R Harris 199 Geldart Road Chandler, QLD 4155 Australia |
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EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth.: |
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Tax number: |
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Registry status: |
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Previous names: |
The Subject initially operated under the name of VADALS
PTY LTD and changed to the present style on 07-02-2011. |
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LEGAL FILINGS
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Bankruptcy
filings: |
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Court
judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF
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Name: |
Sharon Monica Fronis |
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Job title: |
Director and Company Secretary |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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Annerley, QLD 4103 Australia |
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Birth Place: Brisbane, Queensland |
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Name: |
Sharon Monica Fronis |
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Board function: |
Director and Company Secretary |
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Date appointed: |
30/06/2004 |
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Address: |
28 Pauline Street Tarragindi, QLD 4121 Australia |
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Biography: |
Born: 25/06/1967 Birth Place: Brisbane, Queensland |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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Fairfield, QLD 4103 Australia |
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Name: |
David Allan Raper |
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No. of shares: |
25 ORD1 shares |
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Address: |
38 Rigby Street Annerley, QLD 4103 Australia |
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Name: |
Sharon Monica Fronis |
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No. of shares: |
25 ORD1 shares |
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Address: |
28 Pauline Street Tarragindi, QLD 4121 Australia |
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CORPORATE AFFILIATIONS
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THE TRUSTEE FOR
THE RAPER FAMILY TRUST (ABN: 47942430619) should also be considered as
affiliates of the Subject. |
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BANKING & FINANCING
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It is generally not the policy of local
banks to provide credit status information to non-bona fide applications, and
interested parties would be advised to consult first with the Subject if
banker's references are required. |
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FINANCIAL ACCOUNTS
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Required to file: |
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Source: |
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Private Companies in Australia are not
required to file accounts unless classified as "Large", which at
the moment means that two out of the following three conditions are met: - The company has a sales turnover of over
AUD 25,000,000; - The company has total assets of over AUD
12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of
being a large proprietary company. |
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OPERATIONS & HISTORY
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Full description: |
The Subject is engaged in the supplies of
dry goods to the food industry from seasonings, coatings, marinades &
glazes, herbs, spices & casings, machinery & equipment, packaging,
film, trays & containers, protective clothing & cleaning products,
knives & steels. |
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Products/services: |
Bags Batters &
Bases Boosters Casings Cleaning Aids Crates General Products Glazes Hardware Knives &
Cutlery Machinery -
Major Marinades Meals Mincers - Major Packaging Protective
Clothing & Apparel Sauces, purees
& pastes Spices Sprinkles &
Seasonings Steels Stuffing Mixes Trays Wiberg Easy
Packs |
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PROPERTY & ASSETS
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The Subject principally operates from premises located
at the heading address, consisting of a warehouse and administrative offices. |
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PAYMENTS
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Local: |
Credits 14-30
days |
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Imports: |
Credits 30 days
net |
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Local: |
Credits 14-30
days |
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As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but
payments are believed to be PROMPT. |
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INVESTIGATIVE NOTES
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Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.75 |
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1 |
Rs.100.67 |
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Euro |
1 |
Rs.70.87 |
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AUD |
1 |
Rs.48.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KAS |
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Report Prepared by
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TPT |
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 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.