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Report No. : |
338595 |
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Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CAMPANIA OLIVE OIL CO PTY LTD |
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|
|
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Registered Office : |
25-27 Industrial
Avenue Thomastown Vic, 3074 |
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|
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Country : |
Australia |
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Date of Incorporation : |
28.08.1987 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Importer and distribution of a wide range of food products
including vegetable and olive oils. |
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No. of Employees : |
20 |
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 : |
No Complaints |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
In absence of financials, no credit limit could be recommended.
CAMPANIA
OLIVE OIL CO PTY LTD
ACN: 006 838 142
ABN: 83 006 838 142
|
Established |
1960’s |
|
|
Incorporated |
1987 |
|
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Line of Business |
Import and distribution of food products |
|
|
Status |
Trading |
|
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Chief Executive Officer |
Paolo Michieli |
|
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Adverse Listings |
|
|
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Rating |
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For the last financial year ended 30 June
2014 the subject recorded revenue of $10,000,000.
The subject maintains access to an overdraft
facility with its bankers which is used to assist in funding working capital
requirements.
In regards to asset backing the subjects
shareholders are advised to own the premises located at the above listed trading
address.
Enquiries in trade quarters revealed
satisfactory payments from suppliers in dealing with the subject on a credit
basis.
Company
Type Australian
Proprietary Company
Status Registered
Incorporation Date
28 Aug 1987
Incorporation
State VIC
Registered Office
25-27 INDUSTRIAL AVENUE
THOMASTOWN VIC,
3074
Current Directors
Total: 1
Director Name
MICHIELI, PAOLO
Appointment Date
26 May 1994
Date of Birth 18
Dec 1956
Place of Birth
PORDENONE ITALY
Gender MALE
Resident Overseas
N
Address 10
WOODLAND ST, DONCASTER
VIC 3108
Document Number
0E5899644
Current
Secretaries Total: 1
Secretary Name
MICHIELI, PAOLO
Appointment Date
20 Jan 2003
Date of Birth 18
Dec 1956
Place of Birth
PORDENONE ITALY
Address 10 WOODLAND
STREET
DONCASTER VIC,
3108
Document Number
0E8556025
Company Shares
Total: 12 Amount: $12
Class ORDINARY
SHARES [ORD]
Number of Shares
Issued 12
Paid Capital
$12.00
Total Amount Due
and Payable $0.00
Document Number
00683814C
Current
Shareholders
Shareholder Name
DI, MARIA
Address 45 BELL
STREET COBURG VIC,
3058
Class ORD
Number Held 2
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
5E0126859
Shareholder Name
DI, MARIA CONCETTO
Address 45 BELL
STREET COBURG VIC,
3058
Class ORD
Number Held 6
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
5E0126859
Shareholder Name
WELKIN LODGE PTY. LTD.
ACN 006920109
ABN 35006920109
Address 10
WOODLAND STREET
DONCASTER VIC,
3108
Class ORD
Number Held 4
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
0E5899644
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 25 to 31 Industrial Ave
THOMASTOWN
VIC 3074
TELEPHONE (613)
9359 2799
FACSIMILE (613)
9359 0990
EMAIL info@campania.com.au
WEBSITE www.campania.com.au
BANK WESPAC
BANKING CORPORA
EMPLOYEES 20
The subject was incorporated in Victoria on
28 August 1987 under the current style.
The subject has origins that date back to the
1960’s.
The subject operates in the import and
distribution of a wide range of food products including vegetable and olive
oils.
Activities are conducted from premises
located at the above listed trading address.
A search of of on 27 August 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 Director Paolo Michieli, he advised that for the last financial
year ended 30 June 2014 the subject recorded revenue of $10,000,000.
Current assets include stock on hand of
$1,500,000 and receivables of $1,200,000.
The subject maintains access to an overdraft
facility with its bankers which is used to assist in funding working capital
requirements.
Current liabilities include creditors of
$825,000.
In regards to asset backing the subjects
shareholders are advised to own the premises located at the above listed
trading address.
A trade survey on the subject traced the
following accounts:
1. (Melbourne Nutco) Purchases average
$50,000 to $70,000 per month on 30 day terms. Payment is met in 30 days and the
account is considered satisfactory having been known for 15 years.
2. (Grain
Corp) Nominated supplier failed to respond to correspondence despite chasing.
3. (Royal
Cream) Nominated supplier failed to respond to correspondence despite chasing.
Trade payment from further sources in the
past 4 months have traced the following data for the subject.
Total
Owing: $18,640
Total
Past Due: $0
Average
Late Payment Days: 0
All
Industries Late Payment Days: 7
Within terms: $18.640
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.66.26 |
|
UK Pound |
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>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 |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.