MIRA INFORM REPORT

 

 

Report No. :

499329

Report Date :

29.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

AUSTRALIS WOOL PL

 

 

Registered Office :

Level 2 Professional Client, Services (QLD) Pty Ltd, 10, Cinderella Drive Springwood QLD, 4127

 

 

Country :

Australia

 

 

Date of Incorporation :

17.06.2004

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

The subject is believed to operate as wool traders.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

C

 

Credit Rating

 

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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    AUSTRALIS WOOL PL

ACN 109574718

ABN 30109574718

 

 

Summary Panel

 

Established

2004

 

Incorporated

2004

 

Line of Business

Wool trading

Status

Not determined

Chief Executive Officer

Not determined

 

 

EXECUTIVE SUMMARY

 

During the current investigation contact with the subject or its principals could not be established.

 

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

 

Please note, should further contact details be provided this report will be updated and forwarded to your office.

 

 

CORPORATE SEARCH

 

Company Type             Australian Proprietary Company

 

Status Registered

 

Incorporation Date         17 Jun 2004

 

Incorporation State        QLD

 

 

Registered Office          Level 2 Professional Client

Services (QLD) Pty Ltd, 10

Cinderella Drive Springwood QLD, 4127

 

Current Directors Total: 2

Director Name DAVIS, DUNCAN KENNETH

Appointment Date 21 Jun 2004

Date of Birth 02 Nov 1959

Place of Birth BRISBANE QLD

Gender MALE

Resident Overseas N

Address 120 MAIN AVE, WINDSOR QLD4030

 

Director Name BRYAN, PETER

Appointment Date 21 Jun 2004

Date of Birth 20 Dec 1953

Place of Birth TAREE NSW

Gender MALE

Resident Overseas N

Address 11 APPLEGUM PL, MOUNT

RIVERVIEW NSW 2774

 

Current Secretaries Total: 1

Secretary Name DAVIS, KAREN

Appointment Date 21 Jun 2004

Date of Birth 05 Aug 1967

Place of Birth BRISBANE QLD

Address 120 MAIN AVENUE WINDSORQLD, 4030

 

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 BRYAN, PETER

Address 11 APPLEGUM PLACE MOUNT

RIVERVIEW NSW, 2774

Class ORD

Number Held 1

Beneficially Held Y

Fully Paid Y

Jointly Held N

 

Shareholder Name DAVIS, DUNCAN KENNETH

Address 120 MAIN AVENUE WINDSOR

QLD, 4030

Class ORD

Number Held 1

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                 PO Box 32

                                                Wilston QLD 4075                                

 

TELEPHONE                             Not determined

 

BANK                                       Not determined

                                               

EMPLOYEES                            Not determined

 

 

BACKGROUND

 

The subject was incorporated in Queensland on 17 June 2004 under the current style.

 

 

OPERATIONS

 

The subject is believed to operate as wool traders.

 

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

 

 

ADVERSE

                                               

A search of records of on 22 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 the subject or its principals could not be established.

 

A search of records failed to trace any listed contact details for the subject.

 

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

 

Please note, should further contact details be provided this report will be updated and forwarded to your office.

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.04

UK Pound

1

INR 92.28

Euro

1

INR 80.62

AUD

1

INR 49.87

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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