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MIRA INFORM REPORT
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Report No. : |
516850 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
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Name : |
CUPRAL INTERNATIONAL PTY LTD |
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Registered Office : |
Unit 702, 1 Princess St Kew, VIC 3101 |
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Country : |
Australia |
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Date of Incorporation : |
17.07.2001 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the recycling and export of scrap metal such as
carbon and stainless steel and other base metals. |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
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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 is growing at a slower pace and sharp drops in export 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 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 CUPRAL INTERNATIONAL PTY LTD
ACN:
097 521 447
ABN:
20 097 521 447
Summary
Panel
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Established |
2001 |
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Incorporated |
2001 |
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Line of Business |
Scrap metal distribution |
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Status |
Trading |
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EXECUTIVE
SUMMARY
Details pertaining to the subject’s financial and trading position were
not released for the current enquiry.
CORPORATE
SEARCH
Company Type Australian Proprietary
Company
Incorporation State: VIC
Incorporation Date: 17 JUL 2001
Registered Office Unit 702,
1 Princess St
Kew, VIC 3101
Current Directors Total: 2
NITIN GARG – Appointed: 17 JUL 2001
19 Sweyn St BALWYN NORTH, VIC 3104
DOB: 06 DEC 1972
SULEK GARG – Appointed: 17 JUL 2001
19 Sweyn St BALWYN NORTH, VIC 3104
DOB: 02 DEC 1943
Current Secretaries Total: 1
SULEK GARG – Appointed: 17 JUL 2001
Share Structure - Classes Total: 1
ORD1 ORDINARY SHARES: 10 – Amount paid: $10
Shareholders Total: 2
ORD1 3 - NITIN GARG
ORD1 7 – ST UNICORN P/L
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 Ste
702/ 1 Princess St,
Kew
VIC 3101
TELEPHONE (613)
9853 3778
MOBILE 0409
930 909
FACSIMILE (613)
9356 0467
EMAIL info@cupralintl.com
HOLDING ENTITY ST
UNICORN P/L
BANK Bank Of Queensland
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 17 July 2001 under the
current style.
Operations were founded as a new venture in 2001.
OPERATIONS
The subject operates in the recycling and export of scrap metal such as
carbon and stainless steel and other base metals.
The subject to India, China, the Middle East, Europe and Africa.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of 8 June 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 Managing Director Sulek Garg
he declined to release any details pertaining to the subject unless the source
of the enquiry was released.
As a result, details pertaining to the subjects operating, trading and
financial position were unable to be obtained for the current enquiry.
TRADE
SURVEY
Details pertaining to the subjects suppliers were not released 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 67.77 |
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1 |
INR 89.96 |
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Euro |
1 |
INR 78.86 |
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AUD |
1 |
INR 50.50 |
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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NIY |
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Report Prepared
by : |
SDA |
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.