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MIRA
INFORM REPORT
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Report No. : |
490528 |
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Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
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Name : |
FENQUIN
P/L |
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Registered Office : |
Unit 2, 27 Williamson Road Ingleburn
NSW, 2565 |
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Country : |
Australia |
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Date of Incorporation : |
22.12.1976 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution of boating and marine
engine supplies including winches, generators anodes, marine bearings,
strainers and plumbing |
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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.
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
FENQUIN P/L
ACN
001426446
ABN
70001426446
Summary Panel |
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Established |
1976 |
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Incorporated |
1976 |
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Line of Business |
Boating engines and spare parts. |
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Status |
Trading |
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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 22 Dec 1976
Incorporation State NSW
Registered Office UNIT 2, 27 WILLIAMSON ROAD
INGLEBURN NSW, 2565
Current Directors Total: 2
Director Name QUINTANO, CHRISTOPHER
WAYNE
Appointment Date 29 Nov 1993
Date of Birth 06 May 1964
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 104 ANGLE RD, GRAYS POINT
NSW 2232
Director Name QUINTANO, MARTIN
Appointment Date 29 Nov 1993
Date of Birth 07 Jun 1954
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 21 MAGELLAN WAY, KURNELL
NSW 2231
Current Secretaries Total: 1
Secretary Name QUINTANO, MARTIN
Appointment Date 29 Nov 1993
Date of Birth 07 Jun 1954
Place of Birth SYDNEY NSW
Address 21 MAGELLAN WAY KURNELLNSW,
2231
Company Shares Total: 2 Amount: $2
Class MANAGEMENT SHARES [MGMT]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 0E4185369
Current Shareholders
Shareholder Name QUINTANO,
CHRISTOPHERWAYNE
Address 104 ANGLE ROAD GRAYS POINT
NSW, 2232
Class MGMT
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name QUINTANO, MARTIN
Address 21 MAGELLAN WAY KURNELL
NSW, 2231
Class MGMT
Number Held 1
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 UNIT 2, 27 WILLIAMSON ROAD
INGLEBURN NSW, 2565
TELEPHONE (612)
9605 5522
FACSIMILE (612)
9605 5533
WEBSITE www.fenquin.com.au
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 22 December
1976 under the current style.
OPERATIONS
The subject operates in the distribution of boating and marine
engine supplies including winches, generators anodes, marine bearings,
strainers and plumbing
The subject n is the New South Wales official Volvo Penta Center.
Supporting a Volvo Penta dealer network 22 dealers across the state,
the subject are able to offer total sales, parts and service support for both
Volvo Penta Marine engines and drives and Volvo Penta Industrial engines
and equipment.
The subject is the Vetus distributor for New South Wales
offering the full range of Vetus boating equipment and
accessories. Vetus Boating Equipment is recognised worldwide
for quality marine systems.
The subject is also the Maxwell anchor winch distributor for
NSW stock the full range of Maxwell anchor winch, rope capstan and anchoring
accessories.
The subject sources al product domestically and does not import
any requirements.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 7 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 interview conducted with the subject’s
Financial controller she declined to confirm or release any details pertaining
to the subject for the current enquiry.
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: $1,470
Total Past Due: $0
Average Late Payment Days:
0
All Industries Late
Payment Days: 9
Within terms: $1,470
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 64.37 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 78.89 |
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AUD |
1 |
INR 50.30 |
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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VAR |
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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
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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.