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Report No. : |
344870 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
VICTORY ALUMINIUM P/L |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.04.2015 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New business |
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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 |
VICTORY ALUMINIUM P/L
ACN 605114798
ABN 98605114798
Summary Panel |
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Incorporated |
2015 |
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Line of Business |
Not determined |
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Status |
Not determined |
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Chief Executive Officer |
BAXTER, DAN |
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Adverse Listings |
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During the current
investigation contact with the subject or its principals was unable to be
established. A search of failed to trace any contact details under the
subject’s name.
As a result,
details pertaining to the subjects operating trading and financial position
could not be obtained for the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date
02 Apr 2015
Incorporation State
VIC
Registered Office 35
MARKET STREET SOUTH
MELBOURNE VIC, 3205
Total: 1
Director Name BAXTER, DAN
Appointment Date 02 Apr 2015
Date of Birth 14 Apr 1969
Place of Birth AYMER INDIA
Gender MALE
Resident Overseas N
Address 9 ST HUBERT RD, IVANHOE
EAST VIC 3079
Document Number 2E1677322
Total: 1
Secretary Name BAXTER, DAN
Appointment Date 02 Apr 2015
Date of Birth 14 Apr 1969
Place of Birth AYMER INDIA
Address 9 ST HUBERT ROAD IVANHOE
EAST VIC, 3079
Document Number 2E1677322
Total: 100 Amount: $100
Class ORDINARY [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 2E1677322
Shareholder Name VICTORY GROUP HOLDINGS PTY LTD
ACN 169888359
ABN 61169888359
Address 'VICTORY TOWER' LEVEL 2, 416-
420 COLLINS STREET
MELBOURNE VIC, 3000
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E1677322
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 35 Market St
South
Melbourne, VIC 3205
TELEPHONE Not determined
FACSIMILE Not determined
BANK Not
determined
EMPLOYEES Not determined
Details pertaining to the subjects operations were unable to
be obtained for the current enquiry.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 19 October 2015 failed to trace any litigation listed against the subject at
that date.
Director Dan
Baxter was a Director of Gormetco Pty Ltd from 30 September 1998 until 31
October 2008. This company was placed under External administration and
Liquidators were appointed on 23 April 2007 (Creditors Voluntary Winding Up).
This company has since been Liquidated and De-registered.
He was also a
Director of Victory Metals Australia Pty Ltd (now known as Victory Metals
Australia Pty Ltd from 12 June 2015). This company was placed under External
Administration with Administrators appointed on 12 June 2015.
The subject is
not required to lodge financial statements with the Australian Securities and
Investments Commission.
During the
current investigation contact with the subject or its principals was unable to be
established. A search of records failed to trace any contact details under the
subject’s name.
As a result,
details pertaining to the subjects operating trading and financial position
could not be obtained for the current enquiry.
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.64.97 |
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1 |
Rs.100.55 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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.