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MIRA INFORM REPORT
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Report No. : |
RECORDS |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ENERGREEN NUTRITION AUSTRALIA P/L |
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Registered Office : |
Unit 2, 100 Park Road Slacks Creek
Qld, 4127 |
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Country : |
Australia |
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Date of Incorporation : |
13.10.1999 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates as
a commodities trading company specialising in Cottonseed,
Canola, Protein Meals, Grains, Fiber, Oils & Renewable
Energy. |
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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 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
ENERGREEN NUTRITION AUSTRALIA P/L
ACN
089953560
ABN
89089953560
Summary
Panel
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Established |
1999 |
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Incorporated |
1999 |
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Line of Business |
Commodities Trading |
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Status |
Trading |
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Chief Executive Officer |
Gary Seaton |
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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 13 Oct 1999
Incorporation State NSW
Registered Office UNIT 2, 100 PARK ROAD SLACKS
CREEK QLD, 4127
Current Directors Total: 1
Director Name SEATON, GARY DONALD
Appointment Date 13 Oct 1999
Date of Birth 17 Jun 1955
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 2 NERRIMA ST, SHAILER PARK
QLD 4128
Document Number 019727966
Current Secretaries Total: 1
Secretary Name SEATON, GARY DONALD
Appointment Date 01 Nov 2013
Date of Birth 17 Jun 1955
Place of Birth SYDNEY NSW
Address 2 NERRIMA STREET SHAILER
PARK QLD, 4128
Document Number 7E5664200
Company Shares Total: 200 Amount: $192
Class A SHARES [A]
Number of Shares Issued 8
Paid Capital $0.00
Total Amount Due and Payable $0.00
Document Number 7E0465499
Class ORDINARY SHARES [ORD]
Number of Shares Issued 192
Paid Capital $192.00
Total Amount Due and Payable $0.00
Document Number 7E0465499
Current Shareholders
Shareholder Name SEATON, GARY DONALD
Address 2 NERRIMA STREET SHAILER
PARK QLD, 4128
Class A
Number Held 4
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 7E4218353
Shareholder Name WOODHILL, IAIN DONALD
Address 11 MANUNG TERRACECORLETTE NSW,
2315
Class A
Number Held 4
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 7E6956250
Shareholder Name SEATON, GARY DONALD
Address 2 NERRIMA STREET SHAILER
PARK QLD, 4128
Class ORD
Number Held 176
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 7E6399481
Shareholder Name WOODHILL, IAIN DONALD
Address 11 MANUNG TERRACE
CORLETTE NSW, 2315
Class ORD
Number Held 16
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 7E6956250
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, 100 PARK ROAD SLACKS
CREEK QLD, 4127
TELEPHONE (617)
3806 2268
WEBSITE http://www.energreennutrition.com.au
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 13 October 1999
before adopting the current style on 24 October 2004.
OPERATIONS
The subject operates as a commodities trading company specialising
in Cottonseed, Canola, Protein Meals, Grains, Fiber, Oils &
Renewable Energy.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records 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. It was advised that he is
away and is not due to return until 8 November 2017.
As a result, details pertaining to the subject’s financial and
trading 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.
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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PRI |
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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.