MIRA INFORM REPORT

 

 

Report No. :

496492

Report Date :

13.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MANHARI INTERNATIONAL PTY LTD

 

 

Registered Office :

31 Maida Avenue, Sunshine North VIC 3020

 

 

Country :

Australia

 

 

Date of Incorporation :

17.05.2007

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

The subject operates as ferrous and non-ferrous scrap metal recyclers.

 

 

No. of Employees :

6 to 10 

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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 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     

 

MANHARI INTERNATIONAL PTY LTD

ACN: 125 463 354

ABN: 60 125 463 354

 

 

Summary Panel

 

Established

2003

 

Incorporated

2007

 

Line of Business

Metal recycling

Status

Trading

Chief Executive Officer

POOJA CHAUDHARY

Adverse Listings

Nil

 

 

 

EXECUTIVE SUMMARY

 

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

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

 

 

CORPORATE SEARCH

 

Company Type             Australian Proprietary Company

 

Incorporation State: VIC

 

Incorporation Date: 17 MAY 2007

 

Registered Office

31 MAIDA AVENUE,

SUNSHINE NORTH

VIC 3020

 

 

Current Directors Total: 1

POOJA CHAUDHARY – Appointed: 01 JAN 2008

8 HANSON CT, TAYLORS LAKES VIC 3038

DOB: 12 JUN 1980

 

 

Current Secretaries Total: 1

POOJA CHAUDHARY – Appointed: 01 JAN 2008

 

Share Structure - Classes Total: 1

ORD ORDINARY SHARES: 200 – Amount paid: $200

 

Shareholders Total: 1

ORD 200 - POOJA CHAUDHARY

 

 

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     71 Knight Ave

                                    SUNSHINE NORTH VIC 3020                

 

TELEPHONE                 (613) 9364 0595

 

FACSIMILE                   (613) 9310 7430

 

WEBSITE                      www.manharimetals.com.au 

 

DEPOT                         HORSHAM, VIC

 

BANK                           WESTPAC BANKING CORPORATION

                                               

EMPLOYEES                6 to 10 

 

 

 

 

BACKGROUND

 

The subject was incorporated in Victoria on 17 May 2007 to commence operations under the current style as a new venture.

 

 

OPERATIONS

 

The subject operates as ferrous and non-ferrous scrap metal recyclers.

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

 

 

ADVERSE

                                               

A search of records of on 8 March 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 the subjects principals could not be established. Despite messages being left, no reply has been received.

 

As a result, details pertaining to the subjects trading and financial position could not be obtained for the current enquiry.

 

 

TRADE SURVEY

 

Trade payment records from further sources in the past 4 months have traced the following data for the subject. 

 

Total Owing: $4,031

Total Past Due: $2,400

Average Late Payment Days: 26

All Industries Late Payment Days: 10

 

Within terms: $1,632

1 – 30 days past due: $871

31 – 60 days past due: $515

61 – 90 days past due: $0

91+ days: $1,013

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.02

UK Pound

1

INR 90.12

Euro

1

INR 80.09

AUD

1

INR 51.11

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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)

 

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