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Report No. : |
345751 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
VIVAN IMPORTS PTY LTD |
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Registered Office : |
490 Victoria St, Wetherill Park, NSW 2164 |
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Country : |
Australia |
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Date of Incorporation : |
20.02.2003 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and Distribution of Furniture, Soft Furnishings and Home Wares. |
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No. of Employees : |
8 |
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 |
REGISTERED NAME VIVAN IMPORTS PTY LTD
ACN: 103 810 117
ABN: 94 103 810 117
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Established |
2003 |
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Incorporated |
2003 |
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Line of Business |
Import and distribution of furniture and homewares |
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Status |
Trading |
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Chief Executive Officer |
BHATIA, Ritesh |
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Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
In view of the
above the subject has been assigned with a rating of ‘NA 5’.
Company Type Australian
Proprietary Company
INCORPORATED 20
February 2003
REGISTERED ADDRESS 490
Victoria St
WETHERILL
PARK, NSW 2164
SHARECAPITAL $2
SHAREHOLDERS BHATIA,
Ritesh Holds 1 share
BHATIA,
Mukesh Kumar Holds 1 share
DIRECTORS BHATIA, Ritesh
28
Murray Farm Rd
CARLINGFORD,
NSW 2118
SECRETARY BHATIA,
Ritesh
28
Murray Farm Rd
CARLINGFORD,
NSW 2118
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 490
Victoria St
WETHERILL
PARK, NSW 2164
TELEPHONE (612) 9609 6900
FACSIMILE (612)
9609 2599
WEBSITE www.vivinimports.com.au
EMAIL sales@vivinimports.com.au
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 8
The subject was incorporated in New South Wales on 20 February 2003 to
commence operations under the current style as a new venture.
The subject operates in the import and distribution of furniture, soft
furnishings and home wares.
The subject is one of Australia’s
Largest Furniture Importers & Wholesalers operating from a 200,000 sq ft
Office & Distribution Centre in Wetherill Park, NSW. The subject specialise
in contemporary furniture which is made in India, China, Vietnam, Malaysia
& Indonesia.
Products include dining room furniture, leather lounges, bedroom
furniture and outdoor furniture.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 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 Ritesh Bhatia was
unable to be established. Despite messages being left, no reply has been
received.
As a result, details pertaining to the subject’s financial and trading
position could not be obtained for the current enquiry.
For the year ended 30 June 2007, the subject traded profitably and
recorded revenue of more than $2,000,000.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $1,519
Total Past Due: $0
Average Late Payment Days: 0
All Industries Late Payment
Days: 7
-
Within
terms: $1,519
-
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.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.62 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.