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MIRA INFORM REPORT
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Report No. : |
499642 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
FRUBBER PL |
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Registered Office : |
4 Viewline Drive Lysterfield VIC, 3156 |
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Country : |
Australia |
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Date of Incorporation : |
17.09.2014 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the resource recovery management of recyclable
rubber in Australia. The subject provides resource recovery, recycling and
safe disposal of rubber. |
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No. of Employees : |
1 (Active Director) |
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 |
CORPORATE
REPORT
REGISTERED NAME FRUBBER PL
ACN 601877294
ABN 20601877294
Summary
Panel
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Established |
2014 |
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Incorporated |
2014 |
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Line of Business |
Distribution of recycled rubber products |
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Status |
Trading |
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Chief Executive Officer |
HUANG, GUANHUA |
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EXECUTIVE
SUMMARY
During the current investigation contact with the subject or Director
Guanhua Huang was unable to be established.
As a result, details pertaining to the subject’s financial position
could not be obtained for the current enquiry.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 17 Sep 2014
Incorporation State VIC
Registered Office 4 Viewline Drive Lysterfield
VIC, 3156
Current Directors Total: 1
Director Name HUANG, GUANHUA
Appointment Date 17 Sep 2014
Date of Birth 13 Oct 1980
Place of Birth SHUNDE CHINA
Gender MALE
Resident Overseas N
Address 16 MEREDITH ST, MOUNT
WAVERLEY VIC 3149
Document Number 7E7033658
Company Shares Total: 100 Amount: $100
Class ORDINARY [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 2E1013282
Current Shareholders
Shareholder Name HUANG, GUANHUA
Address 4 VIEWLINE DRIVE LYSTERFIELD
VIC, 3156
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 2E1013282
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 16 MEREDITH ST, MOUNT
WAVERLEY VIC 3149
TELEPHONE (613)
9088 2812
FACSIMILE (613)
9807 7658
EMAIL rajah@frubber.com.au
WEBSITE www.frubber.com
BANK WESTPAC
BANKING CORP
EMPLOYEES 1 (Active
Director)
BACKGROUND
The subject was incorporated in Victoria on 17 September 2014 to
commence operations as a new venture under the current style.
OPERATIONS
The subject operates in the resource recovery management of recyclable
rubber in Australia. The subject provides resource recovery, recycling and safe
disposal of rubber.
Frubber Pty. Ltd. have four solutions to
recyclable rubber. The subject provides:
TDF(TYRE DERIVED FUEL) FOR ENERGY RECOVERY
CARBON BLACK
RUBBER BUFFERINGS
RUBBER GRANULES
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 litigation
listed against the subject at that date.
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current investigation contact with the subject or Director
Guanhua Huang was unable to be established. Upon calling on numerous occasions
the line continued to ring out without response.
As a result, details pertaining to the subject’s financial position
could not be obtained for the current enquiry.
TRADE SURVEY
Details pertaining to the subject’s suppliers were unable to be obtained
for the current enquiry.
A trade survey on the subject was subsequently unable to 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 64.80 |
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1 |
INR 92.25 |
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Euro |
1 |
INR 80.76 |
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AUD |
1 |
INR 50.00 |
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 : |
TPT |
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
·
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.