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MIRA INFORM REPORT
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Report No. : |
487193 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
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Name : |
OPTIMAL GROUP AUSTRALIA P/L |
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Registered Office : |
Level
1, 208-210 Camberwell, Road Hawthorn East Vic,3123 |
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Country : |
Australia |
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Date of Incorporation : |
05.07.2012 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
The subject operates in the subject of power solutions specializing in onsite microturbines to generate cogeneration power- also known as combined heat and power- which provides reliable, low-cost power |
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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 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 |
SPECIAL
NOTE During the
current investigation it was advised that the correct legal entity is Optimal
Group Australia Pty Ltd. This entity operates in the provision of power solutions.
REGISTERED
NAME
OPTIMAL
GROUP AUSTRALIA P/L
ACN
159359127
ABN
72159359127
Summary
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Established |
2012 |
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Incorporated
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2012 |
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Line
of Business |
Distribution of power solutions |
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Status |
Trading |
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Chief
Executive Officer |
Craig Dugan |
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Adverse
Listings |
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EXECUTIVE
SUMMARY
Details
pertaining to the subjects financial position could not be obtained for the
current enquiry.
Enquiries
in trade quarters revealed satisfactory payments from suppliers in dealing with
the subject on a credit basis.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 05 Jul 2012
Incorporation State VIC
Registered Office
LEVEL 1, 208-210 CAMBERWELL
ROAD HAWTHORN EAST VIC,
3123
Current Directors
Total: 4
Director Name PERMEZEL, ANDREW GRAEME
Appointment Date 07 Oct 2013
Date of Birth 08 Apr 1961
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 268 DOMAIN RD, SOUTH YARRA
VIC 3141
Director Name RAVENSCROFT, KANE IAN
Appointment Date 16 Nov 2012
Date of Birth 26 Sep 1975
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 32 STONY CREEK RD, NORTH
WARRANDYTE VIC 3113
Director Name BLACKWELL, GERALD LESLIE
Appointment Date 16 Nov 2012
Date of Birth 05 Oct 1962
Place of Birth UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 3 ORCHID CT, PARK ORCHARDS
VIC 3114
Director Name DUGAN, CRAIG FRANCIS
Appointment Date 05 Jul 2012
Date of Birth 09 Jan 1965
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 3 TREELINE PL, PARK
ORCHARDS VIC 3114
Current Secretaries
Total: 1
Secretary Name DUGAN, CRAIG FRANCIS
Appointment Date 05 Jul 2012
Date of Birth 09 Jan 1965
Place of Birth MELBOURNE VIC
Address 3 TREELINE PLACE PARK
ORCHARDS VIC, 3114
Company Shares Total: 40725 Amount: $979,187
Class ORDINARY SHARES [ORD]
Number of Shares Issued 40725
Paid Capital $979,187.00
Total Amount Due and Payable $0.00
Document Number 1M0011446
Current Shareholders
Shareholder Name OPTIMAL GROUPINTERNATIONAL PTY LTD
ACN 163823434
ABN 81163823434
Address LEVEL 3, 689 BURKE ROAD
CAMBERWELL VIC, 3124
Class ORD
Number Held 40725
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 9 Bastow Place,
Mulgrave
Victoria, 3170, Australia
TELEPHONE (613) 9545 1077
WEBSITE http://optimalgroup.com.au/
HOLDING
ENTITY OPTIMAL GROUP
INTERNATIONAL P/L
BANK Not
determined
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in Victoria on 5 July 2012 under the current style.
OPERATIONS
The subject operates in the subject of power solutions specializing in onsite microturbines to generate cogeneration power- also known as combined heat and power- which provides reliable, low-cost power
The Optimal Group was established to provide the best in low emissions, reduced cost and highest reliability power generation solutions.
The subject is the Australia, New Zealand and South Pacific Distributor for Capstone Turbines;
Systems are available to run on a variety of fuels such as natural gas, LNG, LPG, diesel as well as renewables including biogas and landfill gas. Over 8,000 Capstone Microturbines power, heat and cool facilities worldwide including
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of of on 19 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 investigation contact with the subjects financial controller Trevor was unable to be established. Despite numerous messages being left, no reply has been received.
As a result details pertaining to the subjects financial position could not be obtained for the current enquiry.
Enquiries in trade quarters revealed satisfactory payments from suppliers in dealing with the subject on a credit basis.
TRADE SURVEY
Trade payment records from further sources in the past 4 months have traced the following data for the subject.
Total Owing: $2,461
Total Past Due: $0
Average Late Payment Days: 0
Industry average late payment days: 10
Within terms: $2,461
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 63.77 |
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1 |
INR 89.20 |
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Euro |
1 |
INR 78.22 |
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AUD |
1 |
INR 51.11 |
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 : |
KET |
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.