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Report No. : |
345313 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ALL TRAILER SPARES (AUSTRALIA) PTY LTD |
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Registered Office : |
605 Toohey Rd, Salisbury, Qld 4107, PO Box 176 |
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Country : |
Australia
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Date of Incorporation : |
06.02.1998 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
· The subject operates in the manufacture of a range of trailers including boat trailers, caravans, and car trailers. · The subject also supplies a range of spare parts. |
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No. of Employees : |
5 |
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 |
REGISTERED NAME ALL TRAILER SPARES (AUSTRALIA)
PTY LTD
ACN: 081 545 011
ABN: 40 081 545
011
Summary
Panel
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Established |
1993 |
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Incorporated |
1998 |
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Line of Business |
Manufacture of trailers |
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Status |
Trading |
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Chief Executive Officer |
Denovan, Alistair Brian |
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Details pertaining to the subject’s financial and trading position were
unable to be obtained for the current enquiry.
Company Type Australian Proprietary
Company
Incorporation Date: 06
Feb 1998
Incorporation State: Queensland
Number of Shares Issued: 200
Paid Capital: 200
Shareholders DONNA LEANNE
DENOVAN
Number of Shares:
100
ALISTAIR BRIAN DENOVAN
Number of Shares: 100
Directors DENOVAN, ALISTAIR
BRIAN
Appointment Date: 06 Feb 1998
Date of Birth: 25 Nov 1954
Gender: Male
Address: 158 FAIRVIEW Drive WILLOW VALE,
Queensland 4209 Australia
Resident Overseas: No
Secretary ALISTAIR BRIAN
DENOVAN
Appointment
Date: 06 Feb 1998
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 605
Toohey Rd
Salisbury,
Qld 4107
POSTAL ADDRESS PO
Box 176
Salisbury.
Qld 4107
TELEPHONE (617)
3277 2802
FACSIMILE (617) 3277 2483
WEBSITE https://www.alltrailerspares.com.au
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 5
The subject was incorporated in Queensland on 6 February 1998 under the
current style.
Operations were originally established as a new venture in 1993.
The subject operates in the manufacture of a range of trailers including
boat trailers, caravans, car trailers.
The subject also supplies a range of spare parts.
Clients include ‘Supercheap Auto’ and the buying group ‘Capricorn
Society’.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 22 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 Director Alistair Denovan he
declined to confirm or provide any details pertaining to the subject unless the
source of the enquiry was released.
As a result details pertaining to the subject’s financial and trading
position were unable to be obtained for the current enquiry.
During the current investigation, details pertaining to the subject’s
suppliers were not provided.
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: $479
Total Past Due: $0
Average Late Payment Days: 0
All Industries Late Payment Days: 7
Within terms: $479
1 – 30 days past due: $0
31 – 60 days past due: $0
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TPT |
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.