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MIRA INFORM REPORT
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Report No. : |
493271 |
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Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ALLIED PUMPS PL |
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Registered Office : |
C/- Paragon Consultants,Pty Ltd First
Floor, 160,Stirling Highway Nedlandswa, 6009 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
19.04.2010 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
The subject operates in the design and distribution water package pumping, storage and treatment
solutions locally, nationally and internationally |
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No. of Employees : |
13 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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
REGISTERED NAME ALLIED PUMPS P/L
ACN
143208440
ABN
72143208440
Summary
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Established |
Over 25 years |
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Incorporated |
2010 |
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Line of Business |
Water treatment solutions |
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Status |
Trading |
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Adverse Listings |
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EXECUTIVE
SUMMARY
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Allied Pumps P/L |
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As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
|
Revenue |
$37,653,628.00 |
$32,247,187.00 |
16.77% |
|
Profit b/tax |
$530,272.00 |
$1,833,032.00 |
-71.07% |
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Profit a/tax |
$325,022.00 |
$1,193,138.00 |
-72.76% |
|
Net Profit Margin |
0.86% |
3.70% |
-2.84% |
During fiscal 2017, the subject recorded a deficiency in Net Cashflows
from operating activities totaling $243,210.
As at 30 June 2017 the subject recorded Working Capital of
$12,328,212 and a current ratio of 2.86 to 1 indicating strong liquidity
levels.
Net Assets totaled $20,765,494 as at 30 June 2017.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 19 Apr 2010
Incorporation State WA
Registered Office
C/- PARAGON CONSULTANTS
PTY LTD FIRST FLOOR, 160
STIRLING HIGHWAY NEDLANDSWA, 6009
Current Directors
Total: 6
Director Name SLACK, TERRY JONATHAN
Appointment Date 19 Apr 2010
Date of Birth 09 Jul 1976
Place of Birth PERTH WA
Gender MALE
Resident Overseas N
Address 695 MILLS RD, GLEN FORRESTWA
6071
Director Name SLACK, STEPHEN MICHAEL
Appointment Date 19 Apr 2010
Date of Birth 02 Nov 1971
Place of Birth PERTH WA
Gender MALE
Resident Overseas N
Address 50 SYDNEY ST, YAKAMIA WA6330
Director Name SLACK, MICHAEL JESSE
Appointment Date 19 Apr 2010
Date of Birth 28 Dec 1946
Place of Birth PERTH WA
Gender MALE
Resident Overseas N
Address 15 OXLEY PL, DARLINGTON WA6070
Director Name SLACK, KELVIN HARVEY
Appointment Date 19 Apr 2010
Date of Birth 16 Dec 1974
Place of Birth PERTH WA
Gender MALE
File Number 387236019
Resident Overseas N
Address 13 YELDON TOR, WINTHROP WA6150
Director Name SLACK, GREGORY PETER
Appointment Date 19 Apr 2010
Date of Birth 04 Oct 1979
Place of Birth PERTH WA
Gender MALE
File Number 498576598
Resident Overseas N
Address 32 CORBEL ST, SHELLEY WA6148
Director Name SLACK, GAVIN JAMES
Appointment Date 19 Apr 2010
Date of Birth 04 Jul 1973
Place of Birth PERTH WA
Gender MALE
File Number 350712536
Resident Overseas N
Address 18 RENTNEY WAY, WILLETTON
WA 6155
Current Secretaries
Total: 1
Secretary Name SLACK, MICHAEL JESSE
Appointment Date 19 Apr 2010
Date of Birth 28 Dec 1946
Place of Birth PERTH WA
Address 15 OXLEY PLACE DARLINGTON
WA, 6070
Company Shares Total: 9209886
Amount:$9,209,886
Class A CLASS ORDINARY [ A ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class B CLASS ORDINARY [ B ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class C CLASS ORDINARY [ C ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class D CLASS ORDINARY [ D ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class E CLASS ORDINARY [ E ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class F CLASS ORDINARY [ F ]
Number of Shares Issued 1
Paid Capital $1.00
Total Amount Due and Payable $0.00
Class ORDINARY [ ORD ]
Number of Shares Issued 9209880
Paid Capital $9,209,880.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name SLACK, ANITA MARGARET
Address 50-56 SYDNEY STREET YAKAMIAWA,
6330
Class A
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, ANNA GRACE
Address 13 YELDON TOR WINTHROP WA,6150
Class B
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, EMMA RACHEL
Address 32 CORBEL STREET SHELLEY
WA, 6148
Class C
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, EUNICE MARGARET
Address 15 OXLEY PLACE DARLINGTON
WA, 6070
Class D
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, KERRY LOUISE
Address 695 MILLS ROAD GLEN
FORREST WA, 6071
Class E
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, PENELOPE ANNE
Address 18 RENTNEY WAY WILLETTON
WA, 6155
Class F
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, GAVIN JAMES
Beneficially Held Y
Fully Paid Y
Address 18 RENTNEY WAY WILLETTON
WA, 6155
Class ORD
Number Held 767490
Jointly Held N
Shareholder Name SLACK, GREGORY PETER
Address 32 CORBEL STREET SHELLEY
WA, 6148
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, KELVIN HARVEY
Address 13 YELDON TOR WINTHROP WA,
6150
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, STEPHEN MICHAEL
Address 50 SYDNEY STREET YAKAMIA
WA, 6330
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, ANITA MARGARET
Address 50 SYDNEY STREET YAKAMIA
WA, 6330
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, ANNA GRACE
Address 13 YELDON TOR WINTHROP WA,
6150
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, EMMA RACHEL
Address 32 CORBEL STREET SHELLEY
WA, 6148
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, PENELOPE ANNE
Address 18 RENTNEY WAY WILLETTON
WA, 6155
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, EUNICE MARGARET
Address 15 OXLEY PLACE DARLINGTON
WA, 6070
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, MICHAEL JESSE
Address 15 OXLEY PLACE DARLINGTON
WA, 6070
Class ORD
Number Held 511660
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SHEFFIELD INVESTMENTS
AUSTRALIA PTY LTD
ACN 137465984
ABN -
Address 'FIRST FLOOR', 160 STIRLING
HIGHWAY NEDLANDS WA, 6009
Class ORD
Number Held 255830
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, TERRY JONATHAN
Address 695 MILLS ROAD GLEN
FORREST WA, 6071
Class ORD
Number Held 767490
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name SLACK, KERRY LOUISE
Address 695 MILLS ROAD GLEN
FORREST WA, 6071
Class ORD
Number Held 767490
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 2 Modal
Crescent (Cnr Baile Rd.),
Canning Vale, WA 6155
PO Box 1468, Canning Vale DC,
WA 6970
T: 08 9350 1000
F: +618 9356 5255
WEBSITE http://www.alliedpumps.com.au
BRANCHES CENTENNIAL
PARK, WA
KALGOORLIE, WA
BERRIMAH, NT
BANK Not
determined
EMPLOYEES 13
BACKGROUND
The subject was
incorporated in Western Australia on 19 April 2010 under the current style.
Operations have been established for over 25 years.
OPERATIONS
The subject
operates in the design and distribution water
package pumping, storage and treatment solutions locally, nationally and
internationally.
Products include pump protection sets,
pressure boost systems, submersible pump stations, sewage pumps, mine
dewatering systems and water and sewage treatment systems.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 21 February 2018 failed to trace any
litigation listed against the subject at that date.
Below is a summary of the subject’s income results for the past
two financial years.
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Allied Pumps P/L |
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As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
|
Revenue |
$37,653,628.00 |
$32,247,187.00 |
16.77% |
|
Profit b/tax |
$530,272.00 |
$1,833,032.00 |
-71.07% |
|
Profit a/tax |
$325,022.00 |
$1,193,138.00 |
-72.76% |
|
Net Profit Margin |
0.86% |
3.70% |
-2.84% |
During fiscal 2017, the subject recorded a deficiency inNet
Cashflows from operating activities totaling $243,210.
As at 30 June 2017 the subject recorded total current assets of $18,949,366.
They included cash of $327,895, receivables of $10,442,406 and inventories of
$7,528,261.
Current liabilities at the same date totaled $6,621,154 and
included payables of $5,800,005 and provisions of $721,302.
As at 30 June 2017 the subject recorded Working Capital of
$12,328,212 and a current ratio of 2.86 to 1 indicating strong liquidity
levels.
Net Assets totaled $20,765,494 as at 30 June 2017. At this date,
the subject further recorded a Debt to Equity ratio of 0.47 to 1 showing low
levels of gearing. After deducting intangibles of $9,711,602 this results in a
Net worth of $11,053,892.
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Allied Pumps P/L |
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|
As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
|
Revenue |
$37,653,628.00 |
$32,247,187.00 |
16.77% |
|
Profit b/tax |
$530,272.00 |
$1,833,032.00 |
-71.07% |
|
Profit a/tax |
$325,022.00 |
$1,193,138.00 |
-72.76% |
|
Net Profit Margin |
0.86% |
3.70% |
-2.84% |
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Current Assets |
$18,949,366.00 |
$14,205,173.00 |
33.40% |
|
Non Current Assets |
$11,549,253.00 |
$11,460,559.00 |
0.77% |
|
Total Assets |
$30,498,619.00 |
$25,665,732.00 |
18.83% |
|
Current Liabilities |
$6,621,154.00 |
$2,583,670.00 |
156.27% |
|
Non Current Liabilities |
$3,111,971.00 |
$2,332,459.00 |
33.42% |
|
Total Liabilities |
$9,733,125.00 |
$4,916,129.00 |
97.98% |
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Net Assets |
$20,765,494.00 |
$20,749,603.00 |
0.08% |
|
Working Capital |
$12,328,212.00 |
$11,621,503.00 |
6.08% |
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Current Ratio |
2.86 |
5.50 |
-47.95% |
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Debt to Equity |
0.47 |
0.24 |
97.83% |
TRADE
SURVEY
Trade payment records from further sources in the past 4 months
have traced the following data for the subject.
Total Owing: $1,282
Total Past Due: $0
Average Late Payment Days:
0
All Industries Late
Payment Days: 9
Within terms: $1,282
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 65.82 |
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|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
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AUD |
1 |
INR 50.71 |
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 : |
KET |
RATING EXPLANATIONS
|
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 |
|
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 |
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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
·
Promoters
/ Management background
·
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.