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Report No. : |
344249 |
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Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
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Name : |
MCALOON ENTERPRISES PTY LTD |
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Registered Office : |
Level 6 C/- Bedford
Titley, 141 Walker Street North, Sydney NSW, 2060 |
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Country : |
Australia |
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Date of Incorporation : |
05.12.1991 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject is import and distribution of floor coverings and tiles. |
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No. of Employee : |
Not Available |
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) |
|
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 |
MCALOON ENTERPRISES
PTY LTD
ACN: 054 435 479
ABN: 96 054 435
479
Summary
Panel
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Established |
1991 |
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Incorporated |
1991 |
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Line of Business |
Floorcoverings and tiles |
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Status |
Trading |
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Chief Executive Officer |
Stephen McAloon |
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Adverse Listings |
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Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Enquiries in
trade quarters revealed payments from suppliers being received ion average 45
days past due date.
Company Type Australian
Proprietary Company
Status Registered
Incorporation
Date 05 Dec 1991
Incorporation
State NSW
Registered
Office LEVEL 6 C/- BEDFORD
TITLEY,
141 WALKER STREET NORTH
SYDNEY NSW, 2060
Total: 1
Director Name MCALOON, STEPHEN BERNARD
Appointment Date
06 Dec 1991
Date of Birth 04 Dec 1964
Place of Birth SYDNEY NSW
Gender MALE
Resident
Overseas N
Address 2 BELL PL, BURRANEER NSW
2230 Document Number 002058393
Total: 1
Secretary Name MCALOON, STEPHEN BERNARD
Appointment Date
06 Dec 1991
Date of Birth 04 Dec 1964
Place of Birth SYDNEY NSW
Address 2 BELL PLACE BURRANEER
NSW, 2230
Document Number 002058393
Company Shares
Total: 1000 Amount: $1,000
Class ORDINARY SHARES [ORD]
Number of Shares
Issued 1000
Paid Capital $1,000.00
Total Amount
Due and Payable $0.00
Shareholder Name
MCALOON, STEPHEN BERNARD
Address 2 BELL PLACE BURRANEER
NSW, 2230
Class ORD
Number Held 1000
Beneficially
Held Y
Fully Paid Y
Jointly Held N
Document Number 1E6761251
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 1, 14 Resolution Dr
CARINGBAH,
NSW 2229
TELEPHONE (612) 9540 1550
FACSIMILE (612) 9524 0192
EMAIL davidmepl@bigpond.com
BANK Not
determined
EMPLOYEES Not determined
The subject was
incorporated in New South Wales on 5 December 1991 under the current style.
The subject operates in the import and
distribution of floor coverings and tiles.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 8 October 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 Manager David Hosking, he declined to release
any details pertaining to the subject for the current enquiry.
As a result,
details pertaining to the subject’s financial and trading position were unable
to be obtained for the current enquiry.
Enquiries in
trade quarters revealed payments from suppliers being received ion average 45
days past due date.
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.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $3,974
Total Past Due: $3,974
Average Late Payment Days: 45
All Industries Late Payment Days: 8
-
Within
terms: $0
-
1 – 30
days past due: $0
-
31 – 60
days past due: $3,974
-
61 – 90
days past due: $0
-
91+
days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.02 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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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 |
|
-- |
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.