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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

493277

Report Date :

24.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SNF (AUSTRALIA) P/L

 

 

Registered Office :

298 Broderick Road Lara, Vic, 3212

 

 

Country :

Australia

 

 

Date of Incorporation :

24.07.1990

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

Manufacture of organic coagulants and synthetic flocculants

 

 

No. of Employees :

Not available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd 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 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.

 

 

Source : CIA

 

Company NAME

 

SNF (AUSTRALIA) P/L

ACN 050056267

ABN 32050056267

 

 

Summary

 

Incorporated

1990

 

Line of Business

Manufacture of organic coagulants and synthetic flocculants.

Status

Trading

Chief Executive Officer

SCHROETER, RUSSELL HENRY

Adverse Listings

Nil

 

 

 

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         24 Jul 1990

 

Incorporation State        NSW

 

Registered Office          298 BRODERICK ROAD LARA

VIC, 3212

 

 

Current Directors

 

 Total: 2

Director Name SCHROETER, RUSSELL HENRY

Appointment Date 25 Nov 2002

Date of Birth 01 Feb 1955

Place of Birth COLAC VIC

Gender MALE

Resident Overseas N

Address 40 GREAT OCEAN RD, TORQUAYVIC 3228

 

Director Name PICH, RENE

Appointment Date 30 Oct 1997

Date of Birth 09 Oct 1940

Place of Birth NOLE ITALY

Gender MALE

File Number -

Resident Overseas Y

 

 

Current Secretaries

 

 Total: 1

Secretary Name SCHROETER, RUSSELL HENRY

Appointment Date 18 Jul 2017

Date of Birth 01 Feb 1955

Place of Birth COLAC VIC

Address 40 GREAT OCEAN ROAD

TORQUAY VIC, 3228

 

Current Other Organisation Officers Total: 3

Officer Role Appointed Auditor

Officer Name DELOITTE TOUCHE TOHMATSU

ACN 139285804

Appointment Date 20 Jul 2010

Address 550 BOURKE STREET

MELBOURNE VIC, 3000

Document Number 026676890

 

Officer Role Ultimate Holding Company

Officer Name SNF SA

Appointment Date -

Address -

Document Number 0E7578990

Officer Role Ultimate Holding Company

Officer Name SPCM SA

ACN -

Appointment Date -

 

Company Shares Total: 35155106 Amounts: $35,155,106

Class ORDINARY SHARES [ORD1]

Number of Shares Issued 35155106

Paid Capital $35,155,106.00

Total Amount Due and Payable $0.00

 

 

Current Shareholders

Shareholder Name SPCM SA

Address 20 RUE DE LINNOVATION 42000

SAINT-ETIENNE FRANCE

Class ORD1

Number Held 35155106

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).

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 298 BRODERICK ROAD LARA

VIC, 3212

 

POSTAL ADDRES                    PO Box 189
Corio, Victoria,
Australia, 3214

                                   

TELEPHONE                             (613) 5275 9200

 

FACSIMILE                               (613) 5275 8506

 

EMAIL                                      jdew@snf.com.au

 

WEBSITE                                  www.snf.com.au

 

HOLDING ENTITY                      SPCM SA

 

ULTIMATE HOLDING

ENTITY                                     SNF SA           

 

BANK                                       Not determined

                                               

EMPLOYEES                Not determined

 

 

BACKGROUND

 

            The subject was incorporated in New South Wales on 24 July 1990 before adopting the current style on 6 February 1991.

 

 

OPERATIONS

 

            The subject operates in the manufacture of organic coagulants and synthetic flocculants.

 

Water Soluble Polymers are manufactured in Emulsion, Liquid and Powder / Bead grades to treat all aspects of water, effluent and sludge treatment.

 

They also manufacture a range of speciality chemicals and polymers that support the core polymer business. They include polyDADMACS, polyamines, superabsorbent and antiscalents for use in solid liquid separation, colour removal, water retention and scale inhibition.

           

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

 

 

ADVERSE

                                               

A search of of on 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 subjects financial controller Jenny Dew was unable to be established. Despite messages left and an email sent, no reply has been received.

 

As a result, details pertaining to the subjects operating trading and financial 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: $2,952

            Total Past Due: $1,774

Average Late Payment Days: 9

All Industries Late Payment Days: 9

 

Within terms: $1,178

1 – 30 days past due: $1,774

31 – 60 days past due: $0

61 – 90 days past due: $0

91+ days: $0

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.82

UK Pound

1

INR 90.40

Euro

1

INR 79.76

AUD

1

INR  50.93

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

KET

                                                


 

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.