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MIRA INFORM REPORT
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Report No. : |
RECORD |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CONCEPT CHEMICAL CORPORATION PTY LTD |
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Registered Office : |
33 Ryde Rd Pymble, NSW 2073 |
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Country : |
Australia |
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Date of Incorporation : |
21.05.1980 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the import and distribution of
chemicals |
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No. of Employees : |
5 - 6 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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 (30.06.2017) |
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 2017 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
CONCEPT CHEMICAL
CORPORATION PTY LTD
ACN: 001 907 464
ABN: 38 001 907 464
Summary
Panel
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Established |
1980 |
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Incorporated |
1980 |
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Line of Business |
Distribution of chemical products |
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Status |
Trading |
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Adverse Listings |
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EXECUTIVE
SUMMARY
During the current investigation current financial and trading
details could not be obtained or the current enquiry.
For the year ended 30 June 2016 the subject traded profitably and
recorded revenue of $7,000,000.
The subject maintains access to financing facilities with its
bankers which are used to assist in funding working capital requirements.
In regards to asset backing the subjects Directors are advised to
own the premises located at the above listed trading address through a related
entity.
CORPORATE SEARCH
Company Type Australian Proprietary Company
INCORPORATED 21
May 1980
REGISTERED ADDRESS 33
Ryde Rd
PYMBLE,
NSW 2073
SHARECAPITAL $3
SHAREHOLDERS New
Concept Chemical Corporation P/L Holds 3
share
DIRECTORS HAUVILLE,
Prudence Beatrice – Appointed: 12.06.1980
875
Barrenjoey Rd
PALM
BEACH, NSW 2108
HAUVILLE,
Martin Andre – Appointed: 27.05.2016
2,
18 New St
BALGOWLH,
NSW 2093
SECRETARY HAUVILLE,
Prudence Beatrice
15
Kimberley St
KILLARA,
NSW 2071
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 14,
33 Ryde Rd
PYMBLE,
NSW 2073
TELEPHONE (612)
9498 7600
FACSIMILE (612)
9498 6381
WEBSITE http://www.conceptchemicalcorporation.com.au
EMAIL office@conceptchemicalcorporation.com.au
HOLDING ENTITY New
Concept Chemical Corporation P/L
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES 5
- 6
BACKGROUND
The subject was incorporated in New South Wales on 21 May 1980 as
Pynmoss P/L, before adopting the current style on 6 August 1980.
Operations commenced as a new venture in 1980.
OPERATIONS
The subject operates in the import and distribution of chemicals
INCLUDING:
Agricultural specialties
Colours
Cosmetic actives
Dairy specialties
Emulsifiers
Flavours
Fragrances
Herbs
Mining chemicals
Preservatives
Surfactants
Stabilizers
Thickeners
Sequestrants
Veterinary ingredients.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of of on 17 October 2017 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 was unable to be established. Despite numerous messages
being left, no reply has been received.
As a result current financial and trading details could not be
obtained or the current enquiry.
For the year ended 30 June 2016 the subject traded profitably and recorded
revenue of $7,000,000.
For the last financial year ended 30 June 2007, the subject
recorded revenue of $4,500,000.
The subject maintains access to financing facilities with its
bankers which are used to assist in funding working capital requirements.
In regards to asset backing the subjects Directors are advised to
own the premises located at the above listed trading address through a related
entity.
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: $432
Total Past Due: $0
Average Late Payment Days:
0
All Industries Late
Payment Days: 9
Within terms: $432
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 64.93 |
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1 |
INR 86.06 |
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Euro |
1 |
INR 76.39 |
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AUD |
1 |
INR 49.83 |
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
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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.