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Report No. : |
345654 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AGROGILL CHEMICALS PTY. LIMITED |
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Registered Office : |
5, 30 Woodriff St Penrith, NSW 2750 |
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Country : |
Australia |
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Date of Incorporation : |
05.10.2000 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of agricultural chemicals |
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No. of Employees : |
4 |
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 |
AGROGILL CHEMICALS
PTY. LIMITED
ACN: 094 672 107
ABN: 77 094 672 107
Summary
Panel
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Established |
2000 |
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Incorporated |
2000 |
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Line of Business
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Import and distribution of agricultural chemicals |
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Status |
Trading |
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Chief Executive
Officer |
Rick Gill |
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Adverse Listings |
Nil |
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Current
financial details were subsequently unable to be obtained for the current
enquiry.
For the year ended 30 June 2012 the subject traded profitably and
recorded revenue of more than $20,000,000.
In the absence of current financial details the subject has been
assigned with a rating of ‘NA 5’.
Company Type Australian
Proprietary Company
INCORPORATED 5
October 2000
REGISTERED ADDRESS 5, 30
Woodriff St
PENRITH,
NSW 2750
SHARECAPITAL $10
SHAREHOLDERS GILL,
Prabhjot Singh Holds 10
shares
DIRECTORS GILL,
(Rick) Prabhjot Sing
33
Watson Dr
PENRITH,
NSW 2750
SECRETARY GILL,
(Rick) Prabhjot Sing
33
Watson Dr
PENRITH,
NSW 2750
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.
TRADING ADDRESS Suite 5, 40 Woodriff St
PENRITH, NSW 2750
TELEPHONE (612) 4731 8667
FACSIMILE (612) 4731 8669
WEBSITE http://www.agrogill.com
BANK ANZ BANKING GROUP
EMPLOYEES 4
The subject was incorporated in New South Wales on 5 October 2000 to commence operations as a new venture.
DIRECTORS PROFILES GILL, Prabhjot Sing, Director was
born on 16 June 1962 and was appointed to the subjects board on 5 October 2000.
He maintains an active role in the subjects operations as Managing Director.
The subject operates in the import and distribution of agricultural chemicals
The subject specialises in the marketing and registration of technical grade active constituents for agricultural chemicals, Veterinary Chemicals, Public Health and Intermediates.
The subject’s customer mix is now more on global scale and our technical grade
active constituents not just meet the stringent quality requirements of
Australian regulatory body but are highly competitive as well.
Products include herbicides, insecticides, fungicides, plant growth regulators and specialty products.
A search of of on 26 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 the subjects Administration Manager she confirmed the subjects search and operational details before forwarding all queries pertaining to the subject’s financial position to Director Rick Gill.
Contact with Mr Gill was unable to be established for the current enquiry. It was advised that he is overseas and could not be contacted for the current enquiry.
Current financial details were subsequently unable to be obtained for the current enquiry.
For the year ended 30 June 2012 the subject traded profitably and recorded revenue of more than $20,000,000.
For the financial year ended 30 June 2007, the subject traded profitably and recorded revenue of $8,500,000 to $9,000,000.
The subject imports most requirements. A trade survey on the subject traced the following accounts:
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.96 |
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1 |
Rs.99.54 |
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Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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.