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MIRA INFORM REPORT
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Report No. : |
483004 |
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Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AUSVALVE PL |
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Registered Office : |
39 Hightech Place Lilydale, VIC, 3140 |
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Country : |
Australia |
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Date of Incorporation : |
23.10.2007 |
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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 stainless steel valves, butterfly valves,
process valves,
sight glasses, strainers, plug
cocks and other
associated process equipment and fittings. ·
The subject’s range of valves and fittings is for industrial and sanitary
purposes and support a broad range of industries including the food, wine and
beverage industries, dairy industry, pharmaceutical and chemical industries. |
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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 |
CORPORATE
REPORT
REGISTERED NAME AUSVALVE PL
ACN 128126830
ABN 17128126830
Summary
Panel
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Incorporated |
2007 |
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Line of Business |
Import and distribution of valves |
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Status |
Trading |
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Chief Executive Officer |
FRASER, WILLIAM JAMES |
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EXECUTIVE
SUMMARY
Contact with the subjects office or its principals could not be
established. Upon calling the line continued to ring out without response. It
is believed that the office is closed of the New Year/ Christmas holiday
period. It is likely that the office will be re-opening on 8 January 2018.
As a result, details pertaining to the subject’s financial and trading
position could not be obtained for the current enquiry.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 23 Oct 2007
Incorporation State VIC
Registered Office 39 Hightech Place Lilydale
VIC, 3140
Current Directors Total: 2
Director Name FRASER, WILLIAM JAMES
Appointment Date 11 Jan 2011
Date of Birth 12 Oct 1962
Place of Birth RUSHWORTH VIC
Gender MALE
Resident Overseas N
Address 12 DINSDALE CT,
MOOROOLBARK VIC 3138
Director Name TIRELLA, GIUSEPPE
Appointment Date 23 Oct 2007
Date of Birth 24 Dec 1971
Place of Birth MODICA ITALY
Gender MALE
Resident Overseas N
Address 108 FRANKLIN ST, ELTHAM VIC
3095
Current Secretaries Total: 1
Secretary Name FRASER, WILLIAM JAMES
Appointment Date 11 Jan 2011
Date of Birth 12 Oct 1962
Place of Birth RUSHWORTH VIC
Address 12 DINSDALE COURT
MOOROOLBARK VIC, 3138
Company Shares Total: 2 Amount: $2
Class ORDINARY SHARES [ORD1]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 1E3766285
Current Shareholders
Shareholder Name FRASER, WILLIAM JAMES
Address 12 DINSDALE COURT
MOOROOLBARK VIC, 3138
Class ORD1
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name TIRELLA, GIUSEPPE
Address 108 FRANKLIN STREET ELTHAM
VIC, 3095
Class ORD1
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).
BUSINESS STRUCTURE
TRADING ADDRESS 39 HIGHTECH PLACE
LILYDALE VIC, 3140
TELEPHONE (613)
9735 5801
FACSIMILE (61)
9735 2206
EMAIL info@ausvalve.com
WEBSITE www.ausvalve.com
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 23 October 2007 under the
current style.
OPERATIONS
The subject operates in the import and distribution of stainless steel valves, butterfly valves, process valves, sight glasses, strainers, plug cocks and other associated process equipment and fittings.
The subject’s range of valves and
fittings is for industrial and sanitary purposes and support a broad range of
industries including the food, wine and beverage industries, dairy industry,
pharmaceutical and chemical industries.
Ausvalve are the sole importers and distributor of the comprehensive
portfolio of the industry leading range of the Italian precision made Tassalini
food and beverage process valves
and other associated process equipment.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of of on 2 January 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 office or
its principals could not be established. Upon calling the line continued to
ring out without response. It is believed that the office is closed of the New
Year/ Christmas holiday period. It is likely that the office will be re-opening
on 8 January 2018.
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 63.67 |
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1 |
INR 85.90 |
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Euro |
1 |
INR 76.41 |
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AUD |
1 |
INR 49.77 |
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 : |
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
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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.