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MIRA INFORM REPORT
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Report No. : |
503995 |
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Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ROBERTSHAW AUSTRALIA P L |
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Registered Office : |
3B Lenton Place North Rocks NSW, 2151 |
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Country : |
Australia |
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Date of Incorporation : |
14.10.1955 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the import and distribution of electric,
gas and water mgt appliance controls. |
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No. of Employees : |
16 |
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.
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
ROBERTSHAW AUSTRALIA P/L
ACN
000163646
ABN
69000163646
Summary
Panel
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Established |
1955 |
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Incorporated |
1955 |
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Line of Business |
Import and distribution of controls |
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Status |
Trading |
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Chief Executive Officer |
DIXON, CHRISTOPHER |
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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.
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 14 Oct 1955
Incorporation State NSW
Registered Office 3B LENTON PLACE NORTH
ROCKS NSW, 2151
Current Directors Total: 4
Director Name LEE, TONY WON
Appointment Date 01 Mar 2018
Date of Birth 17 May 1972
Place of Birth NEW YORK UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Director Name SPIELVOGEL, ROBERT SCOTT
Appointment Date 01 Mar 2018
Date of Birth 08 Jun 1973
Place of Birth NEW YORK UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Director Name DIXON, CHRISTOPHER
Appointment Date 18 Jun 2014
Date of Birth 17 Aug 1964
Place of Birth FAIRFIELD NSW
Gender MALE
Resident Overseas N
Address 6 ROOKE CT, KELLYVILLE NSW2155
Director Name RACHELSON, AARON DAVID
Appointment Date 18 Jun 2014
Date of Birth 11 Dec 1973
Place of Birth WASHINGTON, DC UNITED
STATES
Gender UNKNOWN
Resident Overseas Y
Current Secretaries Total: 1
Secretary Name LEE, TONY WON
Appointment Date 01 Mar 2018
Date of Birth 17 May 1972
Place of Birth NEW YORK UNITED STATES
Address 54TH FLOOR, 30 ROCKEFELLER
PLAZA NEW YORK NY 10112
UNITED STATES
Current Other Organisation Officers
Total: 2
Officer Role Appointed Auditor
Officer Name ERNST & YOUNG
ACN 022764129
Appointment Date 27 Mar 2000
Address 680 GEORGE STREET SYDNEY NSW,
2000
Officer Role Ultimate Holding Company
Officer Name RANGE PARENT, INC., A
DELAWARE CORPORATION
Company Shares Total: 450000 Amount:
$900,000
Class ORDINARY SHARES [ORD]
Number of Shares Issued 450000
Paid Capital $900,000.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name ROBERTSHAW HOLDINGS
S.A.R.L.
Address 5 RUE GUILLAUME KROLL
LUXEMBOURG L-1882
LUXEMBOURG
Class ORD
Number Held 450000
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).
Please contact us should you require a search of the PPSR.
BUSINESS STRUCTURE
TRADING ADDRESS 3B LENTON PLACE NORTH
ROCKS NSW, 2151
TELEPHONE 1300
003 907
WEBSITE https://www.robertshaw.com
HOLDING ENTITY ROBERTSHAW HOLDINGS S.A.R.L.
ULTIMATE HOLDING
ENTITY RANGE PARENT, INC.,
BANK Not
determined
EMPLOYEES 16
BACKGROUND
The subject was incorporated in New South Wales on14 October 1955
as Robertshaw Controls (Australia) P/L, changing name to Siebe Appliance
Controls Australia P/L, changing name to Invensys Appliance Controls Australia
P/L, changing name to Invensys Controls Australia P/L, before adopting the
current style on 22 August 2014.
Operations were established in1955.
OPERATIONS
The subject operates in the import and distribution of electric,
gas and water mgt appliance controls.
In appliance and climate controls, Robertshaw's products monitor
factors such as humidity and temperature and make changes to ensure that consumers
get what they want from their appliances.
The subject are a leading provider of
·
Components
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Systems & services used in the appliance
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Heating
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Air conditioning
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Commercial cooking/refrigeration
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Residential thermostats
ADVERSE
A search of of on 16 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 financial
controller Terry Sheen, he confirmed the subjects search and operational
details however failed to release any financial or trading details pertaining
to the subject for the current enquiry.
As a result detail in this regard were unable to 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.02 |
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1 |
INR 92.73 |
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Euro |
1 |
INR 81.46 |
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AUD |
1 |
INR 50.80 |
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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PRI |
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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
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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
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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.