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MIRA INFORM REPORT
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Report No. : |
493311 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BELTRAMI GROUP PL |
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Registered Office : |
151 Park Road Cheltenham VIC, 3192 |
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Country : |
Australia |
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Date of Incorporation : |
16.03.1977 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the manufacturing of brass sanitary plumbing fittings and tapwear
including valves and hydronic heating and water saving solutions. |
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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 : |
No Complaints |
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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 |
CORPORATE
REPORT
REGISTERED NAME BELTRAMI GROUP PL
ACN 005296239
ABN: 44 032 709 502
Summary
Panel
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Established |
60 YEARS |
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Incorporated |
1977 |
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Line of Business |
Manufacture of brass plumbing products |
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Status |
Trading |
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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 16 Mar 1977
Incorporation State VIC
Registered Office 151 Park Road Cheltenham
VIC, 3192
Current Directors Total: 2
Director Name BELTRAMI, DAVID
Appointment Date 05 Nov 1991
Date of Birth 15 May 1972
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 21 VIRGILLA ST, BLACKBURN
NORTH VIC 3130
Director Name BELTRAMI, ANTONIO
Appointment Date 20 Feb 1990
Date of Birth 06 Nov 1965
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 102 LAKE RD, BLACKBURN VIC3130
Current Secretaries Total: 1
Secretary Name BELTRAMI, ANTONIO
Appointment Date 25 Jun 2002
Date of Birth 06 Nov 1965
Place of Birth MELBOURNE VIC
Address 102 LAKE ROAD BLACKBURNVIC, 3130
Company Shares Total: 55 Amount: $55
Class ORDINARY SHARES [ORD1]
Number of Shares Issued 55
Paid Capital $55.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name BELTRAMI, ANTONIO
Address 102 LAKE ROAD BLACKBURN
VIC, 3130
Class ORD1
Number Held 32
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name BELTRAMI, DAVID
Address 21 VIRGILLA STREET
BLACKBURN NORTH VIC, 3130
Class ORD1
Number Held 23
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 18 to 20
Cottage St
Blackburn
VIC 3130
TELEPHONE (613)
9878 1575
EMAIL (613)
9894 2820
WEBSITE http://beltrami.com.au
EMAIL info@beltrami.com.au
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on16 March 1977 under the
current style.
Operations have been established for almost 60 years.
OPERATIONS
The subject operates in the manufacturing of brass sanitary plumbing fittings and tapwear including
valves and hydronic heating and water saving solutions.
The
subject has expertise in forging, casting and machining and are one of the
leading manufacturing and developing machine shops in Australia.
The subject design, develop and manufacture
OEM products for customers using the latest 3D CAD programming coupled with
multi axis CNC machining.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 22 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 subjects Director
Antonio Beltrami he declined to confirm or release any details pertaining to
the subject unless the source of the enquiry was released.
As a result, details pertaining to the subjects trading and financial
position could not be obtained for the current enquiry.
The subject is noted to operate in its capacity on behalf of the
Beltrami Group Trust. Unsecured creditors are placed at maximum risk when
dealing with a trustee company.
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.
Trade payment records from further sources in the past 4 months have
traced the following data for the subject.
Total Owing: $127
Total Past Due: $82
Average Late Payment Days: 37
All Industries Late Payment Days: 9
Within terms: $45
1 – 30 days past due: $44
31 – 60 days past due: $0
61 – 90 days past due: $0
91+ days: $39
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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AUD |
1 |
INR 50.97 |
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 : |
TPT |
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.