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MIRA INFORM REPORT
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Report No. : |
487342 |
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Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BBN SCAFFOLDING P/L |
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Registered Office : |
Suite
12, 58 the boulevarde, strathfield nsw, 2135 |
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Country : |
Australia |
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Date of Incorporation : |
05.09.2008 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
The subject
operates in the distribution of scaffolding and hardware supplies including
unimesh, shade cloth, mig wire, clamps, tie wire, fence panel shoes |
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No. of Employees : |
2
(Active Director and his wife) |
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 : |
Slow but Correct |
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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 |
COMPANY
NAME AND ADDRESS
NAME GIVEN BBN UNIVERSAL PTY LTD
SPECIAL
NOTE On 29 June
2016 the subject changed name to BBN Scaffolding P/L
REGISTERED NAME BBN SCAFFOLDING P/L
ACN 133103492
ABN 28133103492
Summary
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Established |
2008 |
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Incorporated
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2008 |
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Line
of Business |
Sale of scaffolding supplies |
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Status |
Trading |
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Chief
Executive Officer |
GUPTA, SHWETA |
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Adverse
Listings |
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EXECUTIVE
SUMMARY
For the last financial year ended 30 June 2017 the subject
traded profitably and recorded revenue of more than $2,000,000.
The subject maintains no overdraft facilities or further
external borrowings as all operations are funded through the internal cashflows
of the company.
In regards to asset backing, the subject is noted to own the
premises located at the above listed trading address.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 05 Sep 2008
Incorporation State NSW
Registered Office SUITE 12, 58 THE BOULEVARDE
STRATHFIELD NSW, 2135
Current Directors
Total: 1
Director Name GUPTA, SHWETA
Appointment Date 05 Sep 2008
Date of Birth 01 Oct 1985
Place of Birth INDIA
Gender FEMALE
Resident Overseas N
Address 16 COTTON GVE, STANHOPE
GARDENS NSW 2768
Company Shares Total: 100 Amount: $100
Class ORD SHARE [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 1E4751967
Current Shareholders
Shareholder Name GUPTA, SUSHIL
Address 16 COTTON GROVE STANHOPE
GARDENS NSW, 2768
Class ORD
Number Held 100
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 29,
323 Woodpark Rd
SMITHFIEILD,
NSW 2164
TELEPHONE (612) 9757 4711
MOBILE 0423
225 230
FACSIMILE (612)
9757 4718
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 2
(Active Director and his wife)
BACKGROUND
The
subject was incorporated in New South Wales on 5 September 2008 as BBN
Universal P/L before adopting the current style on 29 June 2016.
Operations commenced as a new
venture in 2008.
OPERATIONS
The subject operates in the distribution of scaffolding and
hardware supplies including unimesh, shade cloth, mig wire, clamps, tie wire,
fence panel shoes etc.
Activities
are conducted from premises located at the above listed trading address.
ADVERSE
A
search of of on 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 the subjects
Director Shweta Gupta he advised that for the last financial year ended 30 June
2017 the subject traded profitably and recorded revenue of more than
$2,000,000.
The subject maintains no overdraft facilities or further
external borrowings as all operations are funded through the internal cashflows
of the company.
Mr Gupta declined to release any further details pertaining
to the subjects financial position for the current enquiry.
In regards to asset backing, the subject is noted to own the
premises located at the above listed trading address. A property search can be
conducted at your request to confirm ownership.
TRADE
SURVEY
A trade survey on the subject traced the following accounts:
1.
(Scafeast) Purchases up to $100,000 per
month on 30 day terms. Payment is met in 30 days and the account and the
account is considered satisfactory having been known for 18 months.
2.
(Unispan Australia) Nominated
supplier was unable to be contacted for a reference.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.64 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
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AUD |
1 |
INR 51.56 |
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 : |
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
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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.