MIRA INFORM REPORT

 

 

Report No. :

516589

Report Date :

27.06.2018

 

  • Correct name of the company is “STRUCTURAL DYNAMICS (AUSTRALIA) P L”
  • Given address is a postal address of the company

 

 

IDENTIFICATION DETAILS

 

Name :

STRUCTURAL DYNAMICS (AUSTRALIA) P L

 

 

Registered Office :

Unit 2, 6 Greenfield Street Banksmeadow NSW, 2019

 

 

Country :

Australia

 

 

Date of Incorporation :

10.08.2011

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

The subject operates as a provider of architectural, engineering and installation solutions in the specialist areas of:

·         Tensile Aviaries - Zoological Enclosures

·         Catenary Lighting Systems

·         Car Park Fall Protection Systems

·         Tensile Green Walls and Sculptures

·         Cable Net Glass Facades

·         Safety Mesh, Barriers & Netting

·         Artwork and Sculptural Installations

·         Tensile Membrane and Fabric Structures

·         Pedestrian and Cable Stayed Bridges

·         Glazing and Structural Bracing

·         Cable and Mesh Balustrades

·         Kinetic Facades

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

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

(31.12.2017)

Current Rating

(01.04.2018)

Australia

A1

A1

 

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 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.

 

Source : CIA

 

Company NAME 

 

STRUCTURAL DYNAMICS (AUSTRALIA) P/L

ACN 152593363

ABN 26152593363

 

 

Summary Panel

 

Established

2011

 

Incorporated

2011

 

Line of Business

Architectural and engineering services

Status

Trading

Chief Executive Officer

David Sheedy

Adverse Listings

Nil

 

 

 

EXECUTIVE SUMMARY

 

For the current financial year ending 30 June 2018 the subject will trade profitably and record revenue of less than $1,000,000.

 

For the year ended 30 June 2017 the subject recorded revenue of $2,500,000.

 

The decline in revenue for the last financial year is due to timing differences and project completion dates.

 

 

CORPORATE SEARCH

 

Company Type             Australian Proprietary Company

 

Status Registered

 

Incorporation Date 10 Aug 2011

 

Incorporation State NSW

 

Registered Office          UNIT 2, 6 GREENFIELD STREET

                                    BANKSMEADOW NSW, 2019

 

Current Directors Total: 1

Director Name SHEEDY, DAVID PETER

Appointment Date 10 Aug 2011

Date of Birth 19 Oct 1962

Place of Birth SYDNEY NSW

Gender MALE

Resident Overseas N

Address 5 TOWNSEND AVE, FRENCHS

FOREST NSW 2086

 

Company Shares Total: 100 Amount: $100

Class ORDINARY SHARES [ORD]

Number of Shares Issued 100

Paid Capital $100.00

Total Amount Due and Payable $0.00

 

Current Shareholders

Shareholder Name WILLS, DARREN

Address UNIT 2, 6 GREENFIELD STREET

BANKSMEADOW NSW, 2019

Class ORD

Number Held 25

Beneficially Held Y

Fully Paid Y

Jointly Held N

 

Shareholder Name SHEEDY NOMINEES PTYLIMITED

ACN 124311860

Address 5 TOWNSEND AVENUE

FRENCHS FOREST NSW, 2086

Class ORD

Number Held 75

Beneficially Held N

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).

 

Please contact us should you require a search of the PPSR.

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 UNIT 2, 6 GREENFIELD STREET

                                                BANKSMEADOW NSW, 2019

 

POSTAL ADDRESS`                 PO Box 208

                                                Botany NSW 1455

 

TELEPHONE                             (612) 9666 5900

 

WEBSITE                                  www.strudyna.com.au

 

HOLDING ENTITY                      SHEEDY NOMINEES PTY LIMITED

 

ASSOCIATED ENTITIES            ARCUS WIRE

 

BANK                                       Not determined

                                               

EMPLOYEES                            Not determined

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 10 August 2011 to commence operations under the current style as a new venture.

 

Group operations have been established over 60 years.

 

 

OPERATIONS

 

The subject operates as a provider of architectural, engineering and installation solutions in the specialist areas of:

 

·         Tensile Aviaries - Zoological Enclosures

·         Catenary Lighting Systems

·         Car Park Fall Protection Systems

·         Tensile Green Walls and Sculptures

·         Cable Net Glass Facades

·         Safety Mesh, Barriers & Netting

·         Artwork and Sculptural Installations

·         Tensile Membrane and Fabric Structures

·         Pedestrian and Cable Stayed Bridges

·         Glazing and Structural Bracing

·         Cable and Mesh Balustrades

·         Kinetic Facades

 

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

 

 

ADVERSE

                                               

A search of records of on 22 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 Director David Sheedy he advised that for the current financial year ending 30 June 2018 the subject will trade profitably and record revenue of less than $1,000,000.

 

For the year ended 30 June 2017 the subject recorded revenue of $2,500,000.

 

The decline in revenue for the last financial year is due to timing differences and project completion dates.

 

Further financial details were not provided for the current enquiry.

 

 

TRADE SURVEY

 

The subject is not a significant seeker of commercial credit.

Was subsequently unable to be conducted.

 

 

 

 

 

 

                                               

                                               


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.17

UK Pound

1

INR 90.47

Euro

1

INR 79.74

AUD

1

INR 50.64

 

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.