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MIRA INFORM REPORT
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Report No. : |
511059 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HARRIS COTTON PL |
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Registered Office : |
Boyce Charted Accountants, 39 Albert Street
Moree NSW, 2400 |
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Country : |
Australia |
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Date of Incorporation : |
20.04.2017 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject is believed to operate as cotton growers and traders. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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Status : |
New Business |
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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 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 HARRIS COTTON PL
ACN 618654569
ABN 45618654569
Summary
Panel
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Incorporated |
2017 |
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Line of Business |
Not determined |
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Status |
Not determined |
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Chief Executive Officer |
Peter Harris |
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EXECUTIVE
SUMMARY
During the current investigation, contact with the subject or its
principals was unable to be established. A search of records failed to trace
any contact details for the subject.
As a result, details pertaining to the subjects operating trading and
financial position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided this report will
be updated and forwarded to your office as an addendum to this report.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 20 Apr 2017
Incorporation State NSW
Registered Office Boyce Charted
Accountants, 39
Albert
Street Moree NSW,
2400
Current Directors Total: 2
Director Name HARRIS, PETER JAMES
Appointment Date 20 Apr 2017
Date of Birth 13 Apr 1967
Place of Birth NARRABRI NSW
Gender MALE
Resident Overseas N
Address 92 HARGRAVE ST, PADDINGTONNSW 2021
Director Name HARRIS, JANE MAREE
Appointment Date 20 Apr 2017
Date of Birth 11 Apr 1967
Place of Birth MOREE NSW
Gender FEMALE
Resident Overseas N
Address 92 HARGRAVE ST, PADDINGTON
NSW 2021
Current Secretaries Total: 1
Secretary Name HARRIS, JANE MAREE
Appointment Date 20 Apr 2017
Date of Birth 11 Apr 1967
Place of Birth MOREE NSW
Address 92 HARGRAVE STREET
PADDINGTON NSW, 2021
Company Shares Total: 4 Amount: $4
Class ORDINARY SHARES [ ORD ]
Number of Shares Issued 4
Paid Capital $4.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name PJHC PTY LTD
ACN 618617495
Address 300 SAN JUAN ROAD MOREE
NSW, 2400
Class ORD
Number Held 4
Beneficially Held N
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 300
San Juan Rd
MOREE
NSW 2400
POSTAL ADDRESS PO
BOX 1626
MOREE
NSW 2400
TELEPHONE Not
determined
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 20 April 2017 under
the current style.
OPERATIONS
The subject is believed to operate as cotton growers and traders.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 25 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 the subject or its
principals was unable to be established. A search of records failed to trace
any contact details for the subject.
As a result, details pertaining to the subjects operating trading and
financial position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided this report will
be updated and forwarded to your office as an addendum to this report.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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1 |
INR 89.89 |
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Euro |
1 |
INR 79.00 |
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CNY |
1 |
INR 10.55 |
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
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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
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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.