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Report No. : |
342889 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
RESOURCE TRADING GROUP PTY LTD |
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Registered Office : |
6 Dickasons Road, Heathmont, VIC 3135 |
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Country : |
Australia |
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Date of Incorporation : |
13.05.2010 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is engaged in purchasing and selling metals and
scrap for re-use and/or recycling. |
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No. of Employee : |
3 full time and 2 part time |
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
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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 |
RESOURCE TRADING GROUP PTY LTD
ACN: 143 630 791
ABN: 47 143 630
791
Summary
Panel
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Established |
2010 |
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Incorporated |
2010 |
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Line of Business |
Steel recycling |
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Status |
Trading |
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Chief Executive Officer |
Hector Sullivan |
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Adverse Listings |
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Details
pertaining to the subjects 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’.
Company Type Australian
Proprietary Company
Incorporation State: QLD
Incorporation Date: 13 MAY 2010
6 DICKASONS ROAD,
HEATHMONT
VIC 3135
Total: 1
HECTOR SULLIVAN – Appointed: 13 MAY 2010
6 DICKASONS Road HEATHMONT, Victoria 3135
DOB: 23 MAR 1958
Total: 3
"B" "B" SHARES: 1 – Amount paid: $1
ORD SHARES: 10 – Amount paid: $10
"E" "E" SHARES: 1 – Amount paid: $1
Total: 6
"B" 1 - REBECCA SIMONE TYSZKIEWICZ
"E" 1 - HECTOR SULLIVAN
"E" 1 No Yes SANDRA ROSE SULLIVAN
ORD 3 - HECTOR SULLIVAN
ORD 3 - SANDRA ROSE SULLIVAN
ORD 7 - REBECCA SIMONE TYSZKIEWICZ
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).
TRADING ADDRESS Suite
4, Level 1, 2 Brandon Park Drive
Wheelers Hill, VIC
3150
TELEPHONE (613) 9560 7640
FACSIMILE (613) 9560 7639
WEBSITE www.rtgroup.com.au
EMAIL info@rtgroup.com.au
BANK Not
determined
EMPLOYEES 3 full time, 2 part
time
The subject was
incorporated in Queensland on 13 May 2010 under the current style.
The subject operates in the purchasing and selling metals and scrap for re-use and/or recycling.
The subject represent an extensive network of small to medium, privately owned enterprises throughout Australia and New Zealand to provide consistent and reliable supply of ferrous and non ferrous products.
Activities are conducted from leased premises located at the above listed trading address.
A search of of
on 25 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 interview conducted with Director, Hector Sullivan, he confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained during the current investigation.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
A trade survey
on the subject traced the following accounts:
1. (Paramount Brown) Nominated supplier
failed to respond to correspondence despite chasing.
2. (Recyclers Australia) Purchases average
$50,000 to $100,000 per month on arranged terms. Payment is met to terms and
the account is considered satisfactory having been known since July 2014.
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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|
1 |
Rs.99.31 |
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Euro |
1 |
Rs.54.39 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
ASH |
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.