3decades

MIRA INFORM REPORT

Report No. :	507205
Report Date :	11.05.2018

IDENTIFICATION DETAILS

Name :	ALVI TECHNOLOGIES P/L

Registered Office :	Unit 2, 79 Station Road Seven Hills Nsw, 2147

Country :	Australia

Date of Incorporation :	03.09.2003

Legal Form :	Australian Proprietary Company

Line of Business :	Subject is engaged in designing, engineering, implementing and calibrating Gas Detection Systems.

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Slow but Correct

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

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 is growing at a slower pace and sharp drops in export 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 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

REGISTERED NAME ALVI TECHNOLOGIES P/L

ACN 106186332

ABN 12106186332

Summary Panel
Established	2003
Incorporated	2003
Line of Business
Status	Trading
Chief Executive Officer	Archit Jha

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 03 Sep 2003

Incorporation State NSW

Registered Office UNIT 2, 79 STATION ROAD

SEVEN HILLS NSW, 2147

Current Directors Total: 1

Director Name JHA, ALAK

Appointment Date 03 Sep 2003

Date of Birth 01 Mar 1954

Place of Birth KODARMA BIHAR INDIA

Gender MALE

Resident Overseas N

Address 228 CARLINGFORD RD,

CARLINGFORD NSW 2118

Company Shares Total: 2 Amount: $2

Class A [A]

Number of Shares Issued 1

Paid Capital $1.00

Total Amount Due and Payable $0.00

Class ORDINARY SHARES [ORD]

Number of Shares Issued 1

Paid Capital $1.00

Total Amount Due and Payable $0.00

Current Shareholders

Shareholder Name JHA, ALAK

Address 228 CARLINGFORD ROAD

CARLINGFORD NSW, 2118

Class A

Number Held 1

Beneficially Held Y

Fully Paid Y

Jointly Held N

Shareholder Name JHA, ALAK

Address 228 CARLINGFORD ROAD

CARLINGFORD NSW, 2118

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 UNIT 2, 79 STATION ROAD

SEVEN HILLS NSW, 2147

TELEPHONE (612) 9838 7220

MOBILE 0413 330 003

FACSIMILE (612) 9838 7664

EMAIL sales@gasalarm.com.au

WEBSITE www.gasalarm.com.au

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in New South Wales on 3 September 2003 under the current style.

OPERATIONS

The subject operates in the designing, engineering, implementing and calibrating Gas Detection Systems

The subject have successfully carried out projects all over Australia, New Zealand & Hong Kong in building engineering industries, oil & gas, medical gases, petro-chemical, mining, food & beverage, laboratories and refrigeration industries.

The company is also exporting their products and system to countries like New Zealand, Hong Kong, Indonesia, Laos, Malaysia and now trying to develop into other Asian countries.

The subject also have an associate partner in India, operating under ALVI Automation India Pvt Ltd.

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

ADVERSE

A search of of on 4 May 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 Archit Jha was unable to be established. Despite numerous messages being left, no reply has been received.

As a result current financial and trading details pertaining to the subject 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.

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

Total Owing: $332

Total Past Due: $0

Average Late Payment Days: 0

All Industries Late Payment Days: 9

Within terms: $332

1 – 30 days past due: $0

31 – 60 days past due: $0

61 – 90 days past due: $0

91+ days: $0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.37
UK Pound	1	INR 91.38
Euro	1	INR 79.89
AUD	1	INR 50.65

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	DNS

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.