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Report No. : |
339989 |
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Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
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Name : |
TRANS CHEM PTY LTD |
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Registered Office : |
Office Unit 8, 112-118
Talavera Road Macquarie Park Nsw, 2113 |
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Country : |
Australia
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Date of Incorporation : |
03.05.1994 |
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Legal Form : |
Not Available |
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Line of Business : |
Import of chemicals and raw materials |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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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
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 |
REGISTERED
NAME TRANS CHEM PTY LTD
ACN: 064 545 473
ABN: 96 064 545 473
Summary
Panel
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Established |
1994 |
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Incorporated |
1994 |
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Line of Business |
Import of chemicals and raw materials |
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Status |
Trading |
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Adverse Listings |
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Rating |
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For the last financial year ended 30 June 2015
the subject traded profitably and recorded revenue of $17,200,000.
On a projected basis, revenue is expected to
reach $18,500,000 for the current financial year ending 30 June 2016.
Enquiries in trade quarters revealed
satisfaction from suppliers contacted in dealing with the subject on a credit
basis.
Status Registered
Incorporation Date
03 May 1994
Incorporation
State NSW
Registered Office
UNIT 8, 112-118 TALAVERA
ROAD MACQUARIE
PARK NSW,
2113
Current Directors
Total: 2
Director Name
PRYOR, STEPHEN NOEL
Appointment Date
28 Jun 2004
Date of Birth 01
Jan 1959
Place of Birth
BRISBANE QLD
Gender MALE
Resident Overseas
N
Address 21, 115
HENRY PARRY DR,
GOSFORD NSW 2250
Document Number
7E1624802
Director Name
BEYER, CLIFFORD
Appointment Date
09 Sep 2002
Date of Birth 05
Aug 1956
Place of Birth
HARRIS PARK NSW
Gender MALE
Resident Overseas
N
Address 22
BLACKWATTLE PL, ALFORDS
POINT NSW 2234
Document Number
018401042
Current
Secretaries Total: 1
Secretary Name PRYOR,
STEPHEN NOEL
Appointment Date
28 Jun 2004
Date of Birth 01
Jan 1959
Place of Birth
BRISBANE QLD
Address UNIT 21,
107-115 HENRY PARRY
DRIVE GOSFORD NSW,
2250
Document Number
7E1624802
Company Shares
Total: 1050 Amount: $251,000
Class A SHARES [A]
Number of Shares
Issued 450
Paid Capital
$450.00
Total Amount Due
and Payable $0.00
Document Number
06454547G
Class B SHARES [B]
Number of Shares
Issued 450
Paid Capital
$450.00
Total Amount Due
and Payable $0.00
Document Number
06454547G
Class Z SHARES [Z]
Number of Shares
Issued 100
Paid Capital
$100.00
Total Amount Due
and Payable $0.00
Document Number
06454547G
Class ZA CLASS
SHARES [ZA] Total Amount Due and Payable $0.00
Number of Shares
Issued 50
Paid Capital
$250,000.00
Document Number
019934231
Current
Shareholders
Shareholder Name
BENHARDT CHEMICALS LIMITED
Address L 1 JALAN
BAHASA PO BOX
80148 87011 BRUMBY
HOUSE
LABUAN F.T.
MALAYSIA
Class A
Number Held 450
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
06454547M
Shareholder Name
BENHARDT CHEMICALS LIMITED
Address L 1 JALAN
BAHASA PO BOX
80148 87011 BRUMBY
HOUSE
LABUAN F.T.
MALAYSIA
Class B
Number Held 450
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
06454547J
Shareholder Name
BENHARDT CHEMICALS LIMITED
Address L 1 JALAN
BAHASA PO BOX
80148 87011 BRUMBY
HOUSE
LABUAN F.T.
MALAYSIA
Class Z
Number Held 100
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
7E0711169
Shareholder Name
BEYER, CLIFFORD
Address 22
BLACKWATTLE PLACE
ALFORDS POINT NSW,
2234
Class ZA
Number Held 50
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
019934231
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 8, 112 - 118 Talavera Rd
MACQUARIE
PARK, NSW 2113
TELEPHONE (612)
9887 1688
FACSIMILE (612)
9887 1117
WEBSITE www.transchem.com.au
HOLDING ENTITY BENHARDT CHEMICALS LTD
BANK WESTPAC
BANK
EMPLOYEES 13
The subject was incorporated in New South
Wales on 3 May 1994 to commence operations under the current style as a new
venture.
The subject operates in the import of
chemicals, pharmaceuticals and nutritional products.
The subject’s networks, often with exclusive
supply arrangements, make it possible for them to assist any manufactures of pharmaceuticals,
nutraceuticals, food & beverage, personal care, veterinary health and
stockfeed in Australia and New Zealand.
Activities are conducted from premises
located at the above listed trading address.
A search of of on 8 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 interview conducted with
Financial Controller, Steven Prior, he advised that for the last financial year
ended 30 June 2015 the subject traded profitably and recorded revenue of
$17,200,000.
On a projected basis, revenue is expected to
reach $18,500,000 for the current financial year ending 30 June 2016.
For the year ended 30 June 2009 the subject
traded profitably and recorded revenue of $20,000,000 to $25,000,000.
Current assets include stock on hand of
$2,500,000 and receivables of $3,500,000.
Current assets include stock on hand of
$2,500,000 and receivables of $3,500,000.
The subject is noted to maintain a financing
facility with the Westpac Bank, which is secured by a registered charge over
certain fixed and floating assets of the company.
Current liabilities include creditors of
$1,500,000.
Enquiries in trade quarters revealed
satisfaction from suppliers contacted in dealing with the subject on a credit
basis.
A trade survey on the subject traced the
following accounts:
1.
(RL Felton) Purchases average
$30,000 to $50,000 per month on 30 day terms. Payment is met within terms and
the account is considered satisfactory having been known since 1997.
2.
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: $2,158
Total
Past Due: $1,728
Average
Late Payment Days: 23
All
Industries Late Payment Days: 9
Within terms: $431
1 – 30 days past due: $0
31 – 60 days past due: $1,728
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
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UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TRU |
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.