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MIRA INFORM REPORT
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Report No. : |
497873 |
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Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GULMEN ENGINEERING P/L |
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Registered Office : |
Level 1, 216 City Road, Southbank Vic, 3006 |
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Country : |
Australia |
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Date of Incorporation : |
24.01.2004 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the supplying and servicing all types of
industrial and small business printing equipment, including sales of new and
used equipment. |
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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 (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 GULMEN
ENGINEERING P/L
ACN 109702669
ABN: 74 834 180
747
Summary
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Established |
2002 |
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Incorporated |
2004 |
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Line of Business
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supplying and servicing all types of industrial and small business printing
equipment |
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Status |
Trading |
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Chief Executive
Officer |
Adil Gulmen |
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Adverse Listings |
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EXECUTIVE
SUMMARY
Details pertaining to the subject’s financial and trading position were unable
to be obtained for the current enquiry.
CORPORATE SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 24 Jun 2004
Incorporation State VIC
Registered Office LEVEL 1, 216 CITY ROAD
SOUTHBANK VIC, 3006
Current Directors
Total: 1
Director Name GULMEN, ADIL
Appointment Date 24 Jun 2004
Date of Birth 11 Apr 1969
Place of Birth TARSUS TURKEY
Gender MALE
Resident Overseas N
Address 15 PETER DR, SUNSHINE WEST
VIC 3020
Current Secretaries
Total: 1
Secretary Name GULMEN, ADIL
Appointment Date 24 Jun 2004
Date of Birth 11 Apr 1969
Place of Birth TARSUS TURKEY
Address 15 PETER DRIVE SUNSHINEWEST VIC, 3020
Company Shares
Total: 2 Amount: $2
Class ORDINARY SHARES [ORD]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name GULMEN, ADIL
Address 15 PETER DRIVE SUNSHINE
WEST VIC, 3020
Class ORD
Number Held 2
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 Unit
5/61 Wattle Road,
Maidstone VIC 3012
Australia
TELEPHONE (613)
9318 7177
FACSIMILE (613)
9318 7111
EMAIL eddie@gulmen.com.au
WEBSITE http://www.gulmendigital.com.au
TRADING STYLE GULMEN
DIGITAL
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 24 June 2004 under the
current style.
Operations were founded in 2002.
OPERATIONS
The subject operates in
the supplying and servicing all types of industrial and small business printing
equipment, including sales of new and used equipment.
The subject provides low overhead labeling solutions to all types of
businesses, servicing a wide range of industries, including Wine, Chemical,
Pharmaceutical, Cosmetics, Beverage, Coffee, Olive industries, and more.
The subject are a partner of OKI Data Australia. The toner based
printers are a non toxic, low odour. solutions to the food and packaging
industry. They also widthstand the regulations ticking all the boxes. with the
accreditation tests for 3 month maritime submersion in Salt Water, meeting the
European, Australian and New Zealand Government standards.
The subject reel-to-reel digital printing process, digital semi rotary
die cutter, laser computer to cut and knife plotter cutter makes it all
possible to print and finish off labels on demand and completing the process to
make it possible to pack and send out the product instantly.
The subject have the latest technology (Australian designed) in digital
finishing, counting and slitting, all combined in a “one pass” workflow process
using one software. This revolutionary technology includes:
Software colour management
Semi rotary die cutter slitter
Laser cutter
Plotter cutter
“Create A Label” Sheet Printer, Laminator and Cutter all in one-pass
using one software
ADVERSE
A search of records of on 15 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 investigation contact with Director Adil Gulmen was
unable to be established. Despite numerous messages being left, no reply has
been received.
As a result, details pertaining to the subject’s financial and trading
position could not be obtained for the current enquiry.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.20 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 80.46 |
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AUD |
1 |
INR 50.12 |
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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VAR |
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Report Prepared
by : |
KET |
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
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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.