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Report No. : |
340605 |
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Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
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Name : |
PINCOTT INTERNATIONAL PTY LTD |
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Registered Office : |
'Cama House' Suite 3 Denis, Merrick, 22 Woodriff, Street Penrith NSW,
2750 |
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Country : |
Australia |
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Date of Incorporation : |
01.08.2006 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Ceased Activity |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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) |
|
Sri Lanka |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
SRI LANKA - ECONOMIC OVERVIEW
Sri Lanka continues to experience strong economic growth following the end of the government's 26-year conflict with the Liberation Tigers of Tamil Eelam. The government has been pursuing large-scale reconstruction and development projects in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises and increase agricultural productivity. The government's high debt payments and bloated civil service have contributed to historically high budget deficits, but fiscal consolidation efforts and strong GDP growth in recent years have helped bring down the government's fiscal deficit, but low tax revenues remain a concern. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Agriculture slowed due to a drought and weak global demand affected exports and trade. In early 2012, Sri Lanka floated the rupee, resulting in a sharp depreciation, and took steps to curb imports. A large trade deficit remains a concern, but strong remittances from Sri Lankan workers abroad help offset the trade deficit. Government debt of about 80% of GDP remains among the highest in emerging markets.
|
Source
: CIA |
PINCOTT INTERNATIONAL
PTY LTD
ACN: 121 022 811
ABN: 53 121 022
811
Summary
Panel
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Established |
2006 |
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Incorporated |
2006 |
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Line of Business |
Non Trading |
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Status |
Non Trading |
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Adverse Listings |
1 |
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The subject
ceased traded activities on 31 December 2014. It was advised that at this time
the subjects operations became a satellite branch of the holding entity in
India, Elgi Rubber Company Ltd.
As a result,
details pertaining got the subjects financial and trading position could not be
obtained for the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date
01 Aug 2006
Incorporation State NSW
Registered Office 'CAMA
HOUSE' SUITE 3 DENIS
MERRICK, 22 WOODRIFF
STREET PENRITH NSW, 2750
Total: 3
Director Name RAMASAMY, VENKATACHALAM
Appointment Date 01 Nov 2011
Date of Birth 03 Mar 1957
Place of Birth TAMILNADU INDIA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 027591524
Director Name VARADARAJ, SUDARSAN
Appointment Date 01 Nov 2011
Date of Birth 22 Jan 1958
Place of Birth CHENNAI INDIA
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 027591524
Director Name BOORER, NOEL HAROLD
Appointment Date 01 Aug 2006
Date of Birth 21 Dec 1958
Place of Birth STRATHFIELD NSW
Gender MALE
Resident Overseas N
Address 606 BELLS LINE RD, KURMOND
NSW 2757
Document Number 1E7205281
Total: 1
Secretary Name BOORER, NOEL HAROLD
Appointment Date 01 Aug 2006
Date of Birth 21 Dec 1958
Place of Birth STRATHFIELD NSW
Address 606 BELLS LINE OF ROAD
KURMOND NSW, 2757
Document Number 1E7205281
Total: 100
Amount: $100
Class ORDINARY SHARES [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 1E2373223
Shareholder Name ELGI RUBBER COMPANYLIMITED
Address 2000 TRICHY ROAD
SINGANALLUR COLMBATORE
641005 INDIA
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 027231999
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 Unit 3, 11 Precision Place
MULGRAVE,
NSW 2756
TELEPHONE (612) 9648 4433
WEBSITE http://www.pincott.com.au/
HOLDING ENTITY ELGI RUBBER COMPANYLIMITED
BANK National
Australia Bank
EMPLOYEES Nil
The subject was
incorporated in New South Wales on 1 August 2006 under the current style.
Effective 31
December 2014 the subject ceased trading activities.
The subject is not longer a trading entity.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 10 September 2015 traced the following litigation listed against the subject
at that date.
Payment Defaults Total: 1 Amount: $157
Original Account Details
Credit Provider ORIGIN LPG
Date of Listing 22 Jul 2015
Amount $157
Reason to Report Payment Default
Update Account Details
Credit Provider ORIGIN LPG
Date of Listing 22 Jul 2015
Amount $157
Reason to Report Payment Default
Account Number 4300223688
Account Type Utilities
Default Status Outstanding
Status Date -
Role Principal
Co-Borrower -
The subject is
not required to lodge financial statements with the Australian Securities and Investments
Commission.
During the
current interview conducted with the subjects Financial Controller, she advised
that the subject ceased traded activities on 31 December 2014. It was advised
that at this time the subjects operations became a satellite branch of the
holding entity in India, Elgi Rubber Company Ltd.
As a result,
details pertaining got the subjects financial and trading position could not be
obtained for the current enquiry.
The subject is
no longer a trading entity.
A trade survey
on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
|
1 |
Rs.102.59 |
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Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ASH |
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 |
|
-- |
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.