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Report No. : |
339485 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ADAM IMPEX PTY LTD |
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Registered Office : |
'5', 131-133 Meredith Street, Bankstown
Nsw, 2200 |
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Country : |
Australia
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Date of Incorporation : |
07.02.2012 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 |
|
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
ADAM IMPEX PTY LTD
ACN: 155 556 291
ABN: 12 155 556
291
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Summary Panel |
||
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Established |
2012 |
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Incorporated |
2012 |
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Line of Business |
Not determined |
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Status |
Not determined |
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Chief Executive Officer |
QURAISHI, MOHMMAD ABID (Director and
Company Secretary) |
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During the current investigation contact with the subject or its
principals was unable to be established. A search of failed to trace any listed
contact details for the subject.
As a result, details pertaining to the subject’s financial and trading
position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided, this report
will be updated and forwarded to your office.
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 07 Feb 2012
Incorporation State NSW
Registered Office '5', 131-133 Meredith Street
Bankstown Nsw, 2200
Current Directors Total: 1
Director Name QURAISHI, MOHMMAD ABID
Appointment Date 07 Feb 2012
Date of Birth 06 Jun 1971
Place of Birth NEW DELHI INDIA
Gender MALE
Resident Overseas N
Address 5, 131 MEREDITH ST,
BANKSTOWN NSW 2200
Document Number 1E8087563
Current Secretaries Total: 1
Secretary Name QURAISHI, MOHMMAD ABID
Appointment Date 07 Feb 2012
Date of Birth 06 Jun 1971
Place of Birth NEW DELHI INDIA
Address '5', 131-133 MEREDITH STREET
BANKSTOWN NSW, 2200
Document Number 1E8087563
Company Shares Total: 100 Amount: $100
Class ORDINARY [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 1E8087563
Current Shareholders
Shareholder Name QURAISHI, MOHMMAD ABID
Address '5', 131-133 MEREDITH STREET
BANKSTOWN NSW, 2200
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 1E8087563
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).
TRADING ADDRESS 22
Ernest St
LAKEMBA,
SYDNEY 2195
TELEPHONE Not
determined
FACSIMILE Not
determined
BANK Not
determined
EMPLOYEES Not
determined
The subject was incorporated in New South Wales on 7 February 2012 under
the current style.
Details pertaining to the subjects operations were unable to be obtained
for the current enquiry.
Activities are conducted from premises located at the above listed
trading address.
A search of of on 3 September 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 investigation contact with the subject or its
principals was unable to be established. A search of records failed to trace
any listed contact details for the subject.
A further search of records failed to trace any residential contact
details for the subjects Director.
As a result, details pertaining to the subject’s financial and trading
position were unable to be obtained for the current enquiry.
During the current investigation, contact with the subject’s principals
was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable
to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
|
|
-- |
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.