|
|
|
MIRA INFORM REPORT
|
Report No. : |
499630 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMICS G-EX PTY LTD |
|
|
|
|
Registered Office : |
28 Excelsior Rd Gympie QLD 4570 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
16.09.2011 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
·
The subject operates as a leading importer, manufacturer and distributor of Exploration,
Geological and Mining Consumables. ·
The subject provides product
from the initial stages of exploration or ‘greenfield sites’ right up to
supplying a complete range of consumables to the fully operational mines. |
|
|
|
|
No. of Employees : |
22 |
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 : |
No Complaints |
|
|
|
|
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 |
CORPORATE
REPORT
REGISTERED NAME DYNAMICS G-EX PTY LTD
ACN:
153 273 431
ABN:
53 153 273 431
Summary
Panel
|
||
|
Established |
2011 |
|
|
Incorporated |
2011 |
|
|
Status |
Trading |
|
|
Line of Business |
Distribution of mining and geological supplies |
|
EXECUTIVE
SUMMARY
For the last financial year ended 30 June 2017 the subject traded profitably
and recorded revenue of $8,000,000.
On a projected basis, revenue is expected to reach $12,000,000 to
$13,000,000 for the current financial year ending 30 June 2018.
The subject operates no overdraft facilities or external borrowings as
all operations are able to be funded through the internal cashflows of the
company.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 16
September 2011
Incorporation State QLD
Registered Office 28
Excelsior Rd Gympie QLD 4570
Current Directors Total: 4
Director Name DORMER, TRAVIS CAMPBELL
Appointment Date 26 Feb 2015
Date of Birth 10 Dec 1995
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 68 GROUNDWATER RD, GYMPIE
QLD 4570
Director Name DORMER, SPENCER BLAIR
Appointment Date 16 September 2011
Date of Birth 17 March 1993
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 68 GROUNDWATER RD, GYMPIE
QLD 4570
Document Number 1E7752712
Director Name DORMER, KEVIN
Appointment Date 16 September 2011
Date of Birth 21 July 1963
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Director Name DORMER, CURTIS HARVEY
Appointment Date 16 September 2011
Date of Birth 09 February 1988
Place of Birth ESSEX UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 3 DEAKIN CT, GYMPIE QLD 4570
Document Number 1E7752712
Company Shares Total: 125 Amount: $125
Class ORDINARY SHARES [ORD]
Number of Shares Issued 125
Paid Capital $125.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name DORMER, CURTIS HARVEY
Address 3 DEAKIN COURT GYMPIE QLD,
4570
Class ORD
Number Held 20
Shareholder Name DORMER, REBECCA MARIE
Class ORD
Number Held 20
Shareholder Name DORMER, SPENCER BLAIR
Class ORD
Number Held 20
Shareholder Name DORMER, TRAVIS CAMPBELL
Class ORD
Number Held 20
Shareholder Name FIRST BRAND DYNAMICS PTYLTD
ACN 139847564
ABN 92139847564
Class ORD
Number Held 65
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 37
Langton Rd
GYMPIE,
QLD 4570
TELEPHONE 1800
105 584
WEBSITE
www.dynamicsgex.com.au
EMAIL sales@dynamicsgex.com.au
TRADING NAMES THE
CORE TRAY CO
WYNNS
GEOLOGICAL
DYNAMICS
INTERNATIONAL
BANK BANK
OF QUEENSLAND
EMPLOYEES 22
BACKGROUND
The subject was incorporated in Queensland on 16 September 2011 as Brand
Dynamics Pty Ltd before adopting the current style on 20 December 2012.
Operations were founded as a new venture in 2011.
OPERATIONS
The subject operates as a leading importer,
manufacturer and distributor of Exploration, Geological and Mining Consumables.
The subject provides product from the initial
stages of exploration or ‘greenfield sites’ right up to supplying a complete
range of consumables to the fully operational mines.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 23 March 2018 failed
to trace any adverse findings 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 Director
Spencer Dormer, he advised that the subject has grown operations in recent
years to the acquisition of the Core Tray Company and Wynns Geological.
Mr. Dormer advised that for the last financial year ended 30 June 2017
the subject traded profitably and recorded revenue of $8,000,000. This compares
to revenue of $6,700,000 for the previous corresponding year.
On a projected basis, revenue is expected to reach $12,000,000 to
$13,000,000 for the current financial year ending 30 June 2018.
The subject operates no overdraft facilities or external borrowings as
all operations are able to be funded through the internal cashflows of the
company.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
TRADE
SURVEY
A trade survey on the
subject traced the following accounts:
- (Total Plastic Solutions) Subject operates with a $250,000 limit
with purchases ranging between $80,000 and $200,000 per month on 30 day
terms. Payment is met in 7 days to take advantage of a settlement discount
and the account is considered satisfactory, having been known since 2014.
- Nominated supplier is yet to respond to
correspondence.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.80 |
|
|
1 |
INR 92.25 |
|
Euro |
1 |
INR 80.76 |
|
AUD |
1 |
INR 50.09 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.