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Report No. : |
338663 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
STECS TRADING PTY LTD |
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Registered Office : |
Shop 10B, 8 Balmoral Ave (Corner of Buckingham Ave) Springvale, VIC 3171 |
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Country : |
Australia |
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Date of Incorporation : |
23.06.2009 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates as jewelers involved in the repair and retail of jewellery |
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No. of Employees : |
Not Available |
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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
STECS TRADING PTY LTD
T/AS S H JEWELLERY
ACN: 137 830 623
ABN: 72 168 607 5135
Summary
Panel
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Incorporated |
2009 |
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Line of Business
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Jewellery retail design and repair |
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Status |
Trading |
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Adverse Listings |
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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
Status Registered
Incorporation Date
23 June 2009
Incorporation
State VIC
Current Directors
Total: 1
Director Name
CHHUA, TENG TA
Appointment Date
23 June 2009
Date of Birth 03
March 1960
Place of Birth
PHNOM PENH CAMBODIA
Gender FEMALE
Resident Overseas
N
Address 10
GLENMORGAN CL, CLAYTON
VIC 3168
Document Number
1E5547386
Current
Secretaries Total: 1
Secretary Name
CHHUA, TENG TA
Appointment Date
23 June 2009
Date of Birth 03
March 1960
Place of Birth
PHNOM PENH CAMBODIA
Address 10
GLENMORGAN CLOSE
CLAYTON VIC, 3168
Document Number
1E5547386
Company Shares
Total: 2 Amount: $2
Class ORDINARY
[ORD]
Number of Shares
Issued 2
Paid Capital $2.00
Total Amount Due
and Payable $0.00
Document Number
1E5547386
Current
Shareholders
Shareholder Name
CHHUA, TENG TA
Address 10
GLENMORGAN CLOSE
CLAYTON VIC, 3168
Class ORD
Number Held 2
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
1E5547386
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 Shop 10B, 8 Balmoral Ave (Corner of Buckingham Ave)
SPRINGVALE, VIC 3171
TELEPHONE (613) 9546 6292
MOBILE 0402
600 966
EMAIL sales@shjewellery.com.au
WEBSITE www.shjewellery.com.au
TRADING STYLE S H JEWELLERY
BANK Not
determined
EMPLOYEES Not determined
The subject was incorporated in Victoria on 23 June 2009 under the
current style.
The subject operates as jewelers involved in the repair and retail of
jewellery with products including:
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 Manager Edward, he declined to confirm or
release any details pertaining to the subject unless the source of the enquiry
was released.
As a result,
current financial and trading details pertaining to the subject were unable to
be obtained for the current enquiry.
Details
pertaining to the subjects suppliers were not provided for the current enquiry.
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 |
|
US Dollar |
1 |
Rs. 66.40 |
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|
1 |
Rs. 101.19 |
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Euro |
1 |
Rs. 73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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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 |
-- |
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.