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MIRA INFORM REPORT
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Report No. : |
490131 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
EJ AUSTRALIA PTY LTD |
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Registered Office : |
Unit 2, 354 South Pine Rd Brendale, QLD 4500 |
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Country : |
Australia |
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Date of Incorporation : |
06.08.1985 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in
the fabrication and distribution of infrastructure access solutions such as cast
manhole covers and frames, gratings, fabricated metal products, and fire
hydrants and gate valves. |
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No. of Employees : |
40 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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
EJ AUSTRALIA PTY LTD
ACN:
010 591 956
ABN:
48 010 591 956
Summary
Panel
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Established |
1985 |
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Incorporated |
1985 |
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Line of Business |
fabrication and distribution of infrastructure access solutions |
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Status |
Trading |
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Adverse Listings |
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EXECUTIVE
SUMMARY
Financial details were unable to be obtained for the current
investigation.
Global operations have been established for 130 years.
Enquiries in trade quarters revealed satisfaction from suppliers in
dealing with the subject on a credit basis.
CORPORATE SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 06 Aug 1985
Incorporation State QLD
Registered Office Unit 2,
354 South Pine Rd
BRENDALE, QLD
4500
Current Directors Total: 3
Director Name MALPASS, ANDREW
Appointment Date 01.01.2016
Date of Birth 16.01.1973
Place of Birth MICHIGAN UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Director Name BOTTOMLEY, SIMON
Appointment Date 16 Jul 2013
Date of Birth 24 Dec 1968
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 7 ALBA PL, BRIDGEMAN DOWNSQLD 4035
Director Name MALPASS, TRACY
Appointment Date 31 Aug 2010
Date of Birth 20 Aug 1955
Place of Birth MICHIGAN UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 1F0319940
Company Shares Total: 19388 Amount: $19,388
Class ORDINARY SHARES [ORD]
Number of Shares Issued 19388
Paid Capital $19,388.00
Total Amount Due and Payable $0.00
Document Number 01059195K
Current Shareholders
Shareholder Name CAST IRON HOLDINGS PTY LTD
ACN 092476429
ABN 29092476429
Address 405 NEWMAN ROAD GEEBUNG
QLD, 4034
Class ORD
Number Held 388
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 028729970
Shareholder Name EJ AUSTRALIA HOLDINGS PTYLTD
ACN 145765895
ABN 13145765895
Number Held 19000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Address 9 DELTA STREET GEEBUNG
QLD, 4034
Class ORD
Document Number 028729970
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 Unit
2, 354 South Pine Rd
BRENDALE,
QLD 4500
TELEPHONE (617)
3216 5000
FACSIMILE (617)
3216 5222
MOBILE 0457
777 381
WEBSITE www.ejco.com
HOLDING ENTITY EJ
AUSTRALIA HOLDINGS PTY LTD
ULTIMATE HOLDING
ENTITY EJ
INC - USA
BRANCHES The
subject maintains branches in NSW, Victoria and Western Australia.
BANK Not
determined
EMPLOYEES 40
BACKGROUND
The subject was incorporated in Queensland on 6 August 1985 as
Havestock Pty Ltd changing name to CI & D Castron Products – Queensland Pty
Ltd changing name to Havestock Pty Ltd before adopting the current style on 3
January 2012.
Operations were founded in Australia in 1985.
In 2010 the subject was taken over by EJ Group of the USA.
Global operations of EJ Group have been established for over 130
years.
OPERATIONS
The subject operates in the fabrication and distribution of
infrastructure access solutions such as cast manhole covers and frames,
gratings, fabricated metal products, and fire hydrants and gate valves.
The subject specializes in provided product for the civil,
commercial plumbing, council, electrical and landscaping industries.
Activities are conducted from leased premises located at the above
listed trading address.
ADVERSE
A search of records of on 6 February 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 Jocelyn Monique 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
Trade payment records from further sources in the past 4 months
have traced the following data for the subject.
Total Owing: $153
Total Past Due: $0
Average Late Payment Days:
0
All Industries Late Payment
Days: 9
Within terms: $153
1 – 30 days past due: $0
31 – 60 days past due: $0
61 – 90 days past due: $0
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 64.16 |
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1 |
INR 89.19 |
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Euro |
1 |
INR 78.75 |
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AUD |
1 |
INR 50.11 |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
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.