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Report No. : |
343391 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
FDA ENTERPRISES PTY LTD |
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Registered Office : |
28 Norwood Rd Caulfield, VIC 3162 |
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Country : |
Australia |
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Date of Incorporation : |
15.09.1999 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Importer and Distributer of PVC Pipes |
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No. of Employees : |
3 fulltime, plus casuals. |
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 : |
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.
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Source
: CIA |
FDA ENTERPRISES
PTY LTD
ACN: 089 568 212
ABN: 52 089 568
212
Summary Panel
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Established |
2004 |
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Incorporated |
1999 |
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Line of Business
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Import and distribution of pipes |
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Status |
Trading |
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Chief Executive
Officer |
David Freund |
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Adverse Listings |
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Current financial and trading details pertaining to the subject were
unable to be obtained for the current enquiry.
For the year ended 30 June 2012 the subject traded profitably and recorded
revenue of $3,000,000.
COMPANY TYPE Australian
Proprietary Company
INCORPORATED 15
September 1999
REGISTERED ADDRESS 28
Norwood Rd
CAULFIELD,
VIC 3162
SHARECAPITAL $2
SHAREHOLDERS FREUND,
Belinda Esther Holds
1 share
FREUND,
David Holds
1 share
DIRECTORS FREUND, David
28
Norwood Rd
CAULFIELD,
VIC 3162
SECRETARY FREUND,
David
28
Norwood Rd
CAULFIELD,
VIC 3162
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 13
Cahill St
DANDENONG
SOUTH, VIC
TELEPHONE (613)
9706 6508
0402 884 825
FACSIMILE (613)
9505 7023
WEBSITE www.pipeconnex.com.au
EMAIL enquiries@pipeconnex.com.au
TRADING STYLE PIPECONNEX
BANK ANZ
BANKING GROUP
EMPLOYEES 3
fulltime, plus casuals.
The subject was incorporated in Victoria on 15 September 1999 under the
current style.
Operations were established as a new venture on August 2004.
The subject operates in the in the import and distribution of PVC pipes,
polyethylene pipes and fittings for the plumbing, electrical and irrigation
industries in Australia. .
Activities are conducted from premises located at the above listed
trading address.
A search of of on 30 September 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 investigation, contact with Director David Freund was
unable to be established. Despite numerous messages being left, no reply has
been received.
As a result current financial and trading details could not be obtained
for the current enquiry
Previous investigations have revealed that for the last financial year
ended 30 June 2012 the subject traded profitably and recorded revenue of
$3,000,000.
For the year ended 30 June 2010 the subject recorded revenue of
$2,500,000.
During the current investigation, contact with the subject’s principals
was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable
to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.29 |
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UK Pound |
1 |
Rs.99.31 |
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Euro |
1 |
Rs.73.32 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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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 |
-- |
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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.