3decades

MIRA INFORM REPORT

Report No. :	487787
Report Date :	30.01.2018

IDENTIFICATION DETAILS

Name :	STANDARD COMMODITIES AUSTRALIA PTY LTD

Registered Office :	1/290 Victoria Street Darlinghurst, New South Wales 2010

Country :	Australia

Date of Incorporation :	15.05.1989

Legal Form :	Australian Proprietary Company

Line of Business :	The subject operates as international merchants of agricultural products such as animal by products including fats and oils, meat and bone meal, poultry by products meal, feather meal, fish meal and blood meal, forage, bedding and grain.

No. of Employees :	8

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow but Correct

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Australia

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

Company name

STANDARD COMMODITIES AUSTRALIA PTY LTD

ACN: 003 775 102

ABN: 87 003 775 102

Summary Panel

Established	1989
Incorporated	2011
Line of Business	Distribution of agricultural commodities
Status	Trading
Adverse Listings	Nil

EXECUTIVE SUMMARY

Financial and trading details pertaining to the subject were not released for the current investigation.

In view of the above the subject has been assigned with a rating of ‘NA 5’.

CORPORATE SEARCH

Company Type Australian Proprietary Company

Incorporation Date: 15 May 1989

Incorporation State: New South Wales

Registered Office 1/290 VICTORIA Street

DARLINGHURST, New South Wales 2010 Australia

Number of Shares Issued: 10

Paid Capital: $10

Shareholders MICHAEL FREDRICK BETAR

Number of Shares: 9

CRAIG STEPHEN HITCHINGS

Number of Shares: 1

Directors BETAR, MICHAEL FREDRICK

Appointment Date: 16 May 1989

Date of Birth: 28 Dec 1961

Gender: Male

Address: 89 GLENMORE Road PADDINGTON, New South Wales 2021 Australia

Resident Overseas: No

Secretary MICHAEL FREDRICK BETAR

Appointment Date: 26 Nov 1990

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 Level 1, 274 to 290 Victoria St

DARLINGHRST, NSW 2010

TELEPHONE (612) 9339 8400

FACSIMILE (612) 9339 8499

WEBSITE www.stancom.com.au

BANK COMMONWEALTH BANK OF AUSTRALIA

EMPLOYEES 8

BACKGROUND

The subject was incorporated in New South Wales on15 May 1989, before adopting the current style on 18 January 1990.

Operations were established as a new venture in 1989.

In 2011, the subject formed a strategic alliance with Cootamundra Oilseeds with the goal to expand the production of Canola Oil, Meal and other specialty products which include organic varieties.

OPERATIONS

The subject operates as international merchants of agricultural products such as animal by products including fats and oils, meat and bone meal, poultry by products meal, feather meal, fish meal and blood meal, forage, bedding and grain.

Activities are conducted from premises located at the above listed trading address.

ADVERSE

A search of of on 23 January 2018 failed to trace 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 financial controller Elizabeth she confirmed the subjects search and operational details however declined to release any financial or trading details pertaining to the subject unless the source of the enquiry was released.

Subsequently details in this regard could not be obtained for the current enquiry.

Past investigations have revealed that the subject has been generating revenue of between $25,000,000 and $50,000,000

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

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.55
UK Pound	1	INR 89.82
Euro	1	INR 78.87
AUD	1	INR 51.44

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.