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MIRA INFORM REPORT
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Report No. : |
484243 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ALEXANDER WATT & CO PTY LTD |
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Registered Office : |
Unit
1, 33-35 Lower Gibbes Street Chatswood Nsw, 2067 |
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Country : |
Australia |
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Date of Incorporation : |
07.06.1967 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the import
and export of a range of diverse products including raw materials. |
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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 |
REGISTERED
NAME
ALEXANDER WATT
& CO PTY LTD
ACN: 000 577
971
ABN: 58 000
577 971
Summary
Panel
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Established |
1967 |
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Incorporated
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1967 |
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Line
of Business |
Importer/
exporter |
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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.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status
Registered
Incorporation
Date 07 Jun 1967
Incorporation
State NSW
Registered
Office UNIT 1, 33-35 LOWER GIBBES
STREET CHATSWOOD NSW,
2067
Current
Directors
Total:
3
Director
Name JEWELL, DAVID CAMERON
Appointment
Date 15 May 2007
Date
of Birth 03 Aug 1952
Place
of Birth MELBOURNE VIC
Gender
MALE
Resident
Overseas N
Address
168 MILITARY RD,
DOVER
HEIGHTS NSW 2030
Director
Name JEWELL, CHRISTINE GAYE
Appointment
Date 15 May 2007
Date
of Birth 05 Jan 1955
Place
of Birth SYDNEY NSW
Gender
FEMALE
Resident
Overseas N
Address
328 BLACKWELL RD
BLACKWALL NSW 2256
Director
Name JEWELL, ANDREW CAMERON
Appointment
Date 19 Aug 1977
Date
of Birth 29 Jan 1954
Place
of Birth MELBOURNE VIC
Gender
MALE
Resident
Overseas N
Address
328 BLACKWELL RD
BLACKWALL NSW 2256
Current
Secretaries
Total:
1
Secretary
Name JEWELL, ANDREW CAMERON
Appointment
Date 16 Dec 1997
Date
of Birth 29 Jan 1954
Place
of Birth MELBOURNE VIC
Address
328 BLACKWELL RD
BLACKWALL NSW 2256
Company
Shares
Total:
40002 Amount:
$40,002
Class
ORDINARY
SHARES [ORD]
Number
of Shares Issued 40002
Paid
Capital $40,002.00
Total
Amount Due and Payable $0.00
Current
Shareholders
Shareholder
Name JEWELL, MARIE JANNETTA
Address
10 NAPIER STREET
DOVER HEIGHTS NSW, 2030
Beneficially
Held Y
Fully
Paid Y
Jointly
Held N
Class
ORD
Number
Held 1
Shareholder
Name JEWELL, REGINALD
Address
10 NAPIER STREET DOVER
HEIGHTS NSW, 2030
Class
ORD
Number
Held 1
Beneficially
Held Y
Fully
Paid Y
Jointly
Held N
Shareholder
Name FOUR WINDS PTY. LIMITED
ACN 008457216
ABN 56008457216
Address
UNIT 1, 29-35
GIBBES STREET
CHATSWOOD NSW, 2067
Class
ORD
Number
Held 40000
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 Level 1, 33 to 35 Lower Gibbes
St
CHATSWOOD,
NSW 2067
TELEPHONE (612) 9417 7794
EMAIL alexwatt@alexwatt.com
BANK Not determined
EMPLOYEES Not determined
BACKGROUND
The
subject was incorporated in New South Wales on 7 June 1967 to commence
operations under the current style as a new venture.
OPERATIONS
The
subject operates in the import and export of a range of diverse products
including raw materials.
Activities
are conducted from premises located at the above listed trading address.
ADVERSE
A
search of of on 4 January 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 director Andrew Jewell, he declined to
confirm or release any details pertaining to the subject for the current
enquiry.
As
a result, details pertaining to the subject’s financial and trading position
could not be obtained for the current enquiry.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.34 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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AUD |
1 |
INR 49.87 |
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 : |
SYL |
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
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
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.