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Report No. : |
344917 |
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Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL LEATHER PTY LTD |
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Registered Office : |
Level 7 616 St Kilda Rd Melbourne, VIC 3004 |
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Country : |
Australia |
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Date of Incorporation : |
15.05.1991 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and wholesale
distribution of leather products including handbags, purses and wallets. |
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No. of Employees : |
11 |
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 |
UNIVERSAL LEATHER PTY LTD
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Summary Panel |
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Established |
1991 |
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Incorporated |
1991 |
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Status |
Trading |
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Line of Business |
Import and wholesale of leather products |
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Chief Executive Officer |
James Umanski |
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Adverse Listings |
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Financial and trading details pertaining to the subject were unable
to be obtained for the current enquiry.
The subject has subsequently been assigned with a rating of ‘NA
5’.
Company Type Australian Proprietary Company
Incorporation State: VIC
Incorporation Date: 15 MAY 1991
Registered Office
Level 7
616 St Kilda Rd
MELBOURNE, VIC 3004
Current Directors Total: 2
KIRA UMANSKY – Appointed: 14 AUG 1991
25 ROSEMONT Avenue CAULFIELD NORTH, Victoria
DOB: 25 APR 1969
JAMES UMANSKY – Appointed: 14 AUG 1991
25 ROSEMONT Avenue CAULFIELD NORTH, Victoria
DOB: 28 MAY 1967
Share Structure - Classes Total: 1
ORD1 ORDINARY SHARES: 12 – Amount paid: $12
Shareholders Total: 2
ORD1 6 - JAMES UMANSKY
ORD1 6 - KIRA UMANSKY
SECURITY INTERESTS
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
– 14, 188 Chesterville Rd
MOORABBIN,
VIC 3189
POSTAL ADDRESS PO
Box 3233
MOORABBIN,
VIC 3189
TELEPHONE (613)
9532 0125
FACSIMILE (613)
9555 10133
WEBSITE www.modapelle.com.au
EMAIL enquiries@modapelle.com.au
BRANCH ALEXANDRIA,
NSW
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES 11
The subject was incorporated in Victoria on 15 May 1991 under the
current style.
The subject operates in the import and wholesale distribution of leather
products including handbags, purses and wallets.
The subject’s product is stocked in over 1,000 stores globally.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 13 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 investigation contact with Director James
Umanski was unable to be established. Despite messages being left, no reply has
been received.
As a result, financial and trading details pertaining to the
subject could not be obtained for the current enquiry.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.82 |
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UK Pound |
1 |
Rs.100.55 |
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Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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.