3decades

MIRA INFORM REPORT

Report No. :	501168
Report Date :	03.04.2018

IDENTIFICATION DETAILS

Name :	IMPERIAL LINEN PL

Registered Office :	25-29 Park Way Braeside VIC, 3195

Country :	Australia

Date of Incorporation :	09.10.1992

Legal Form :	Australian Proprietary Company

Line of Business :	The subject operates in the import and distribution of linen products on behalf of the group.

No. of Employees :	2 700 - Group

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Unknown

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Australia

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

CORPORATE REPORT

REGISTERED NAME IMPERIAL LINEN PL

ACN 057733990

ABN 47057733990

Summary Panel
Established	1992
Incorporated	1992
Line of Business	Import and distribution of linen products
Status	Trading

EXECUTIVE SUMMARY

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

In view of the above the subject has been assigned with a rating of ‘NA 5’.

CORPORATE SEARCH

Company Type Australian Proprietary Company

Status Registered

Incorporation Date 09 Oct 1992

Incorporation State VIC

Registered Office 25-29 Park Way Braeside VIC, 3195

Current Directors Total: 2

Director Name BROWN, WARWICK DALE

Appointment Date 11 Nov 2014

Date of Birth 20 Jul 1980

Place of Birth EAST MELBOURNE VIC

Gender MALE

Resident Overseas N

Address 20 BARNARD GVE, KEW VIC 3101

Director Name PETERSON, JEFFREY DAVID

Appointment Date 01 Feb 1994

Date of Birth 29 Jan 1952

Place of Birth MELBOURNE VIC

Gender MALE

Resident Overseas N

Address 39 CAMPBELL RD, BALWYN VIC

3103

Current Secretaries Total: 2

Secretary Name PETERSON, JEFFREY DAVID

Appointment Date 12 Oct 1992

Date of Birth 29 Jan 1952

Place of Birth MELBOURNE VIC

Address 39 CAMPBELL ROAD BALWYN

VIC, 3103

Secretary Name KHAIRA, GURWINDER

Appointment Date 09 Aug 2013

Date of Birth 02 Jul 1974

Place of Birth JALANDHAR INDIA

Address 2 TALLANGATTA PLACE

BERWICK VIC, 3806

Current Other Organisation Officers Total: 1

Officer Role Ultimate Holding Company

Officer Name SAFECORP GROUP LTD

ACN 006536661

Company Shares Total: 2 Amount: $2

Class ORDINARY SHARES [ORD1]

Number of Shares Issued 2

Paid Capital $2.00

Total Amount Due and Payable $0.00

Current Shareholders

Shareholder Name SAFECORP GROUP LTD

ACN 006536661

ABN 46006536661

Address 25-29 PARK WAY BRAESIDE VIC,

3195

Class ORD1

Number Held 2

Beneficially Held Y

Fully Paid Y

Jointly Held N

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 25-29 PARK WAY

BRAESIDE VIC, 3195

TELEPHONE (613) 9587 9428

HOLDING ENTITY SAFECORP GROUP P/L

BANK ANZ BANKING GROUP

EMPLOYEES 2

700 - Group

BACKGROUND

The subject was incorporated in Victoria on 9 October 1992 before adopting the current style on 31 May 2002

OPERATIONS

The subject operates in the import and distribution of linen products on behalf of the group.

The subject undertakes no external sales outside of the group.

Activities are conducted from premises located at the above listed trading address.

ADVERSE

A search of of on 3 April 2018 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 interview conducted with the subjects Manager Sammy she confirmed the subjects search and operational details however declined to release any financial details pertaining to the subject for the current enquiry.

Details in this regard were subsequently unable to be obtained for the current enquiry.

The holding entity Safecorp Group is Australian owned and operated, employing over 700 personnel in a diversity of industries. The company has enjoyed over 30 years of steady profit growth and now ranks in the top 500 Private Companies in Australia.

TRADE SURVEY

The subject imports all requirements. Details pertaining to the subject’s local suppliers were not provided for the current enquiry.

A trade survey on the subject was subsequently unable to be conducted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
AUD	1	INR 49.98

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.