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Report No. : |
339484 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
GLOBE CONSULTANCY SERVICES PTY LTD |
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Registered Office : |
14 Dragonfly St The Ponds, NSW 2769 |
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Country : |
Australia |
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Date of Incorporation : |
25.11.2008 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and wholesale of food products |
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No of Employees : |
10 (Including Director and Casuals) |
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) |
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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
The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while 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, stemming from rising 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 has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source
: CIA |
GLOBE CONSULTANCY
SERVICES PTY LTD
ACN: 134 341 638
ABN: 32 134 341
638
Summary
Panel
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Established |
2008 |
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Incorporated |
2008 |
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Status |
Trading |
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Line of Business |
Import and wholesale of food products |
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Chief Executive Officer |
Neeraj Sharma |
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For the last
financial year ended 30 June 2014 the subject recorded revenue of $1,400,000
which resulted in an operating profit of $300,000.
On a projected basis,
the subject expects to double sales for the current financial year ending 30
June 2015. For the current financial
year to date revenue has already exceeded $2,500,000.
The subject
maintains no overdraft facilities as all operations are funded through the
internal cashflows of the company and extended trading terms with overseas
suppliers.
In regards to
asset backing, the subjects Directors are noted to own the premises located at
the above listed trading address.
Company Type Australian
Proprietary Company
Incorporation
State: NSW
Incorporation
Date: 25 NOV 2008
Registered
Office
14 Dragonfly St
THE PONDS, NSW
2769
Current
Directors Total: 1
NEERAJ SHARMA –
Appointed: 25 NOV 2008
14 Dragonfly St
THE POND, NSW 2769
21 JUN 1980
Current
Secretaries Total: 1
RANJANA SHARMA –
Appointed: 25 NOV 2008
Share
Structure - Classes Total: 1
ORD ORDINARY: 20
–amount paid: $20
Shareholders
Total: 2
ORD 10 -RANJANA
SHARMA
ORD 10 -NEERAJ
SHARMA
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 14 Dragonfly St
THE PONDS, NSW 2769
POSTAL ADDRESS PO
Box 6318
Balkham
Hills Business Centre
BAULKHAM
HILLS, NSW
TELEPHONE (02) 8896 4316
FACSIMILE (02) 8458 5133
MOBILE 0433 343 253
WEBSITE http://healthier-tastier.com
Email info@healthier-tastier.com
BANK NATIONAL
AUSTRALIA BANK
TRADING STYLE HEALTHIER TASTIER FOODS
EMPLOYEES 10 (including
Director and casuals)
The subject was
incorporated in New South Wales on 25 November 2008 under the current style as
a new venture.
The subject operates in the import and
distribution of food products.
Products include rice, flours, grains, health
foods, coconut products, organic suppliers, organic ingredients, syrups, jams,
spreads and frozen foods.
The subject distributes all products to the
Woolworths chain of grocery stores in Australia as well as Aldi and Coles.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 24 March 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 Neeraj Sharma he advised that for the last
financial year ended 30 June 2014 the subject recorded revenue of $1,400,000
which resulted in an operating profit of $300,000.
On a projected
basis, the subject expects to double sales for the current financial year
ending 30 June 2015. For the current
financial year to date revenue has already exceeded $2,500,000.
The subject
carries no stock on hand as all requirements are delivered directly to the
client.
Current assets
include trade debtors of $150,000.
The subject
maintains no overdraft facilities as all operations are funded through the
internal cashflows of the company and extended trading terms with overseas
suppliers.
Further
financial details were unable to be provided for the current enquiry.
In regards to
asset backing, the subjects Directors are noted to own the premises located at
the above listed trading address.
The subject imports all requirements. A trade survey on the subject was
subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.23 |
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|
1 |
Rs.101.23 |
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Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared by
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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.