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MIRA INFORM REPORT
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Report No. : |
510491 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
AVMA TRADING PTY LTD |
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Registered Office : |
Aubrey Paton & Associates, 170 Chester ST, Oakleigh VIC 3166 |
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Country : |
Australia |
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Date of Incorporation : |
26.09.1996 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates as a global commodity supplier of pulses, grains,
stockfeed, spices and cashews. |
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No. of Employees : |
5 (Including Directors) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 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.
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Source
: CIA |
CORPORATE REPORT
REGISTERED NAME AVMA TRADING PTY LTD
ACN:
075 776 500
ABN:
92 075 776 500
Summary
Panel
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Established |
1996 |
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Incorporated |
1996 |
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Status |
Trading |
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Line of Business
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Commodity supplies |
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Chief Executive
Officer |
Mukesh Sharma |
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EXECUTIVE
SUMMARY
for the last financial year ended 30 June 2017, the subject traded profitably and recorded revenue of $8,000,000 to $10,000,000.
The subject operates purely
as a trading company and carries no physical stock on hand.
In regards to asset backing
the subject is noted to own the premises located at the above listed trading
address.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Incorporation State: VIC
Incorporation Date: 26 SEP 1996
Registered Office Aubrey Paton &
Associates
170 Chester ST
Oakleigh VIC 3166
Current Directors Total: 3
ANIL SHARMA – Appointed: 31 DEC 2003
4 KINGSLYNN Place WHEELERS HILL, Victoria 3150
DOB: 30 JUN 1980
ANANT RAM SHARMA – Appointed: 26 SEP 1996
4 KINGSLYNN Place WHEELERS HILL, Victoria 3150
DOB: 17 DEC 1945
MUKESH SHARMA – Appointed: 26 SEP 1996
4 KINGSLYNN Place WHEELERS HILL, Victoria 3150
DOB: 19 APR 1971
Current Secretaries Total: 2
ANIL SHARMA – Appointed: 31 DEC 2003
ANANT RAM SHARMA – Appointed: 26 SEP 1996
Share Structure - Classes Total: 1
ORD ORDINARY: 550000 – Amount paid: $550,000
Shareholders Total: 3
ORD 160000 - MUKESH SHARMA
ORD 240000 - ANANT RAM SHARMA
ORD 150000 - ANIL SHARMA
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 Level
2, unit 8D
221
Queen St
MELBOURNE
VIC 3000
TELEPHONE (613)
9670 3825
EMAIL mukesh@avma.com.au
BANK BENDIGO
BANK
EMPLOYEES 5
(Including Directors)
BACKGROUND
The subject was incorporated in Victoria on 26 September 1996 under the
current style.
OPERATIONS
The subject operates as a global commodity supplier of pulses, grains,
stockfeed, spices and cashews.
The subject sources chickpeas from Australia, sorghum from India, yellow
peas from Russia and Jasmine rice from Thailand.
The subject maintains the following Australian national accreditations:
Member of the Seed Industry of Australia (SIA)
Member of Australian Arab Chamber of Commerce Industry (AACCI)
Member of Victorian Employers' Chamber of Commerce and Industry (VECCI)
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 22 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 interview conducted with director Anil Sharma, he advised that for the last financial year ended
30 June 2017, the subject traded profitably and recorded revenue
of $8,000,000 to $10,000,000.
For the year ended 30 June
2015 the subject recorded revenue of just under $20,000,000.
The subject operates purely
as a trading company and carries no physical stock on hand.
The subject maintains access to financing facilities with its bankers
which are used to assist in funding working capital requirements.
In regards to asset backing
the subject is noted to own the premises located at the above listed trading
address.
Further financial details were unable to be obtained for the current
enquiry.
TRADE
SURVEY
A trade survey on the subject traced the following accounts:
(Ward Mackenzie) Nominated supplier failed to respond to correspondence
despite chasing.
(AGT Foods) Nominated supplier failed to respond to correspondence
despite chasing.
Trade payment records from further sources in the past 4 months have
traced the following data.
Total Owing: $392
Total Past Due: $42
Within terms: $350
1 – 30 days past due: $42
31 – 60 days past due: $0
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.39 |
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1 |
INR 91.44 |
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Euro |
1 |
INR 80.14 |
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AUD |
1 |
INR 51.63 |
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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DIV |
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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
·
Company
background and operations size
·
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.