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MIRA INFORM REPORT
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Report No. : |
503730 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
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Name : |
BROWN-DENARUSHA P/L |
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Registered Office : |
5 Faigh Street Mulgrave, Vic, 3170 |
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Country : |
Australia |
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Date of Incorporation : |
22.12.2009 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
The
subject operates in the manufacture of commercial and industrial electrical switchboards
for industries including mining and resources, ports and harbours, utilities,
renewable energy and telecommunications. |
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No. of Employees : |
Not available |
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 : |
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.
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 |
NOTE
In absence of
financials, no credit limit could be recommended.
Company
name
REGISTERED NAME BROWN-DENARUSHA P/L
ACN
141248400
ABN 21141248400
Summary
Panel
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Established |
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Incorporated
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2009 |
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Line
of Business |
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Status |
Trading |
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Chief
Executive Officer |
UNANTENNE, RANIL SHANAKA |
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Adverse
Listings |
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EXECUTIVE
SUMMARY
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 22
Dec 2009
Incorporation State
VIC
Registered Office 5
FAIGH STREET MULGRAVE
VIC,
3170
Current Directors
Total: 1
Director Name UNANTENNE,
RANIL SHANAKA
Appointment Date 15
Feb 2010
Date of Birth 14
Aug 1979
Place of Birth KANDY
SRI LANKA
Gender MALE
Resident Overseas N
Address 7
SYCAMORE CT, NARRE
WARREN
SOUTH VIC 3805
Current Secretaries
Total: 1
Secretary Name UNANTENNE,
RANIL SHANAKA
BANDARA
Appointment Date 20
Dec 2011
Date of Birth 14
Aug 1979
Place of Birth KANDY
SRI LANKA
Address 7
SYCAMORE COURT NARRE
WARREN
SOUTH VIC, 3805
Company Shares
Total: 7127753 Amount:
$1,344,098
Class ORDINARY
SHARES [ORD]
Number of Shares Issued 7127753
Paid Capital $1,344,098.48
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name LINDAL
HOLDINGS PTY LTD
ACN
098598139
ABN
47098598139
Address UNIT
1, 34 HASLER ROAD
OSBORNE
PARK WA, 6017
Class ORD
Number Held 6146045
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name UNANTENNE,
RANIL SHANAKA
BANDARA
Address 7
SYCAMORE COURT NARRE
WARREN
SOUTH VIC, 3805
Class ORD
Number Held 981708
Beneficially Held Y
Fully Paid N
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 5 FAIGH
STREET
MULGRAVE
VIC, 3170
TELEPHONE (613) 8544 3300
FACSIMILE (613) 9561 8172
EMAIL info@dara-switchboards.com
WEBSITE www.electricalswitchboards.com.au
TRADING
STYLE DARA SWITCHBOARDS
HOLDING
ENTITY LINDAL
HOLDINGS PTY LTD
BANK WESTPAC BANKING CORP
EMPLOYEES Not determined
BACKGROUND
The
subject was incorporated in Victoria on 22 December 2009 under the current
style.
OPERATIONS
The subject operates in the
manufacture of commercial and industrial electrical switchboards for industries
including mining and resources, ports and harbours, utilities, renewable energy
and telecommunications.
Activities are conducted from premises
located at the above listed trading address.
ADVERSE
A search of of on 13 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 investigation contact
with the subject’s financial controller was unable to be established. Despite
messages being left, 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.
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.
Trade payment records from further
sources in the past 4 months have traced the following data for the
subject.
Total Owing:
$5,033
Total Past
Due: $4,040
Average Late
Payment Days: 30
All Industries Late Payment Days: 9
Within
terms: $993
1
– 30 days past due: $1,401
31
– 60 days past due: $2,138
61
– 90 days past due: $501
91+
days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.68 |
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1 |
INR 93.98 |
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Euro |
1 |
INR 81.30 |
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AUD |
1 |
INR 50.87 |
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 : |
SYL |
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
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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.