MIRA INFORM REPORT

Report No. :	504219
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	CVC GLOBAL PTY LTD
Registered Office :	Unit 7, 66 to 70 Railway Rd, Blackburn VIC 3130
Country :	Australia
Date of Incorporation :	28.03.2001
Legal Form :	Australian Proprietary Company
Line of Business :	The subject operates in the import and distribution of textile products which include home furnishings, floor coverings, decorator & kitchen textile accessories & bathroom accessories.
No. of Employees :	10 [Group]

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	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	A1	A1

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 is growing at a slower pace and sharp drops in export 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 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 CVC GLOBAL PTY LTD

ACN: 096 362 659

ABN: 81 096 362 659

Summary Panel
Established	1998
Incorporated	2001
Line of Business	Import and distribution of textile products
Status	Trading
Chief Executive Officer	Conrad D’Souza

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

INCORPORATED 28.03.2001

REGISTERED ADDRESS Unit 7, 66 to 70 Railway Rd

Blackburn VIC 3130

SHARECAPITAL $100

SHAREHOLDERS D’SOUZA, Valerie Holds 100 shares

DIRECTORS D’SOUZA, Conrad Eustace

44 Blaxland Dr

DANDENONG NORTH, VIC 3175

SECRETARY D’SOUZA, Conrad Eustace

44 Blaxland Dr

DANDENONG NORTH, VIC 3175

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 19 to 25 Cyber Loop

DANDENONG SOUTH, VIC 3175

TELEPHONE (613) 9702 9177

FACSIMILE (613) 9702 9377

TRADING STYLE IDC HOMEWARES

EMAIL info@idcreations.com.au

Valerie@idchomewares.com.au

WEBSITE http://www.idcreations.com.au/

ASSOCIATED ENTITY INTERNATIONAL DESIGN CREATIONS P/L

BANK BANK OF QUEENSLAND

NATIONAL AUSTRALIA BANK

Branch: Melbourne, VIC 3000

EMPLOYEES 10 (group)

BACKGROUND

The subject was incorporated in Victoria on 28 March 2001, to commence operations under the current style as a new venture.

Group operations were founded with the establishment of International Design Creations P/L in 1998.

OPERATIONS

The subject operates in the import and distribution of textile products which include home furnishings, floor coverings, decorator & kitchen textile accessories & bathroom accessories.

The associated entity International Design creations P/L acts as the distribution arm of the group.

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

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 investigation, contact with Director Valerie D’Souza, she declined to confirm or release any details pertaining to the subject unless the source of the enquiry was revealed.

As a result, current financial and trading details pertaining to the subject could not be obtained for the current enquiry.

TRADE SURVEY

Details pertaining to the subjects 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 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
AUD	1	INR 50.18

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.