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MIRA INFORM REPORT
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Report No. : |
501630 |
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Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DDT HOLDINGS P/L |
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Registered Office : |
Shop 1, 38-44 Mountain, Street Ultimo Nsw, 2007 |
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Country : |
Australia |
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Date of Incorporation : |
15.06.2009 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Recycling and Distribution of Scrap Materials. |
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No. of Employees : |
1 (Director) Plus 9 contractors |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 2018 facing a range of growth constraints, principally driven by the sharp fall in global prices of key export commodities. Demand for resources and energy from Asia and especially China has stalled and sharp drops in current prices have 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 benefited from a dramatic surge in its terms of trade in recent years, although this trend has reversed 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 WTO, APEC, the G20, and other trade forums. Australia’s free trade agreement (FTA) with China entered into force in 2015, adding to existing FTAs with the Republic of Korea, Japan, 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 10 ASEAN countries and China, Japan, Korea, New Zealand and India.
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Source
: CIA |
Company
Name and address
REGISTERED NAME DDT HOLDINGS P/L
T/AS
FALCON PAPER
ACN 137675140
ABN: 66 579 581 689
Summary
Panel
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Established |
2009 |
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Incorporated |
2009 |
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Line of Business |
Recycling and distribution of scrap materials. |
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Status |
Not determined |
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Chief Executive Officer |
Rajeev Saraff |
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Adverse Listings |
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EXECUTIVE
SUMMARY
During the
current investigation contact with the subject or its principals was unable to
be established.
In an interview conducted
with Managing Director Rajeev Saraff in 2016 he advised that for the year ended
30 June 2016 the subject traded profitably and recorded of $45,000,000.
Improved results
were forecast for the last financial year ending 30 June 2017
CORPORATE SEARCH
Company Type Australian
Proprietary Company
Incorporation Date
15 Jun 2009
Incorporation State NSW
Registered Office SHOP 1,
38-44 MOUNTAIN
STREET ULTIMO NSW, 2007
Current Directors Total: 2
Director Name SARAFF, RAJEEV
Appointment Date 15 Jun 2009
Date of Birth 09 Jun 1979
Place of Birth DELHI INDIA
Gender MALE
Resident Overseas N
Address 23, 95 BONAR ST, WOLLI CREEK
NSW 2205
Document Number 7E4378077
Director Name SARAFF, JAYJEEV
Appointment Date 15 Jun 2009
Date of Birth 19 Jun 1981
Place of Birth KATHMANDU NEPAL
Gender MALE
Resident Overseas N
Address 23, 95 BONAR ST, WOLLI CREEK
NSW 2205
Document Number 7E4378077
Current Secretaries Total: 2
Secretary Name SARAFF, JAYJEEV
Appointment Date 15 Jun 2009
Date of Birth 19 Jun 1981
Place of Birth KATHMANDU NEPAL
Address UNIT 23, 95 BONAR STREET
WOLLI CREEK NSW, 2205
Document Number 7E4378077
Secretary Name SARAFF, RAJEEV
Appointment Date 15 Jun 2009
Date of Birth 09 Jun 1979
Place of Birth DELHI INDIA
Address UNIT 23, 95 BONAR STREET
WOLLI CREEK NSW, 2205
Document Number 7E4378077
Company Shares 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 5E2128057
Current Shareholders
Shareholder Name SARAFF, JAYJEEV
Address UNIT 23, 95 BONAR STREET
WOLLI CREEK NSW, 2205
Class ORD
Number Held 50
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 7E4378077
Shareholder Name SARAFF, RAJEEV
Address UNIT 23, 95 BONAR STREET
WOLLI CREEK NSW, 2205
Class ORD
Number Held 50
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 7E4378077
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).
BUSINESS STRUCTURE
TRADING ADDRESS Suite 114, 377 Kent St
SYDNEY
NSW 2000
POSTAL ADDRESS Shop 1, 38 to 44 Mountain St
ULTIMO,
NSW 2007
TELEPHONE (612) 8064 2915
(612) 8064 1675
FACSIMILE (612) 8088 4752
EMAIL info@ddtholdings.com.au
WEBSITE www.anzrecycling.com.au
TRADING STYLE ANZ RECYCLING
JEEV
INTERNATIONAL
FALCON
PAPER
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 1 (Director) plus 9
contractors
BACKGROUND
The subject was
incorporated in New South Wales on 15 June 2009 to commence operations under
the current style as a new venture.
OPERATIONS
The subject operates in the recycling of Paper, plastic and Metal Scraps to customers based mainly in the Indian Sub-Continent and South East Asia.
The subject maintains an alliance with collectors & balers located both in Australia & New Zealand.
The subject also operates in the trading of grain and related commodities.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of of on 22 September 2017 failed to trace any litigation
listed against the subject at that date.
FINANCES
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. Upon calling the above listed telephone numbers on numerous occasions, they were either met with an engaged signal, or advised that the number could not be connected.
A search of records failed to trace any further contact details for the subject. An email was subsequently sent to the subject, however no reply has been received.
As a result, details pertaining to the subject’s financial and trading position could not be obtained for the current enquiry.
In an interview
conducted with Managing Director Rajeev Saraff in 2016 he advised that for the
year ended 30 June 2016 the subject traded profitably and recorded of
$45,000,000.
Improved results
were forecast for the last financial year ending 30 June 2017
For the year
ended 30 June 2015 the subject recorded in the order of revenue of
US$40,000,000 resulting in a profit of US$1,000,000.
TRADE SURVEY
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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UK Pound |
1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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AUD |
1 |
INR 49.94 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.