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MIRA INFORM REPORT
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Report No. : |
510651 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MICROCOM P/L |
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Registered Office : |
Unit 28, 9 Kangaloon Rd, BOWRAL NSW 2576 |
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Country : |
Australia |
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Date of Incorporation : |
02.10.1987 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution and development of traffic
monitoring and data systems |
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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 : |
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 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 |
Company
name and address
REGISTERED NAME MICROCOM P/L
T/AS
METROCOUNT
ACN 009273410
ABN 92009273410
Summary
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Established |
1987 |
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Incorporated |
1987 |
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Line of Business |
Traffic monitoring systems |
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Status |
Trading |
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Chief Executive Officer |
Thomas Kenny |
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Adverse Listings |
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EXECUTIVE
SUMMARY
Details pertaining to the subject’s financial and trading position
were not provided for the current enquiry.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 02 Oct 1987
Incorporation State WA
Registered Office Unit 28, 9 Kangaloon Rd
BOWRAL
NSW 2576
Current
Directors Total: 2
Director Name JOHNSON, JAN ELIZABETH
Appointment Date 11 Jun 1998
Date of Birth 29 Sep 1947
Place of Birth COTTESLOE WA
Gender FEMALE
Resident Overseas N
Address 28, 9 KANGALOON RD, BOWRAL
NSW 2576
Document Number 7E6277047
Director Name O'REILLY, GEOFFREY
MICHAEL
Appointment Date 04 Sep 1980
Date of Birth 30 Oct 1946
Place of Birth CHATSWOOD NSW
Gender MALE
Resident Overseas N
Address 28, 9 KANGALOON RD, BOWRAL NSW
2576
Current
Secretaries Total: 1
Secretary Name O'REILLY, GEOFFREY
MICHAEL
Appointment Date 25 Sep 2002
Date of Birth 30 Oct 1946
Place of Birth CHATSWOOD NSW
Address UNIT 28, 9 KANGALOON ROAD
BOWRAL NSW, 2576
Current Other
Organisation Officers Total: 1
Officer Role Ultimate Holding Company
Officer Name G M O'REILLY HOLDINGS
PTYLTD
ACN 001813672
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 KENNY, THOMAS MICHAEL
Class ORD
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name KENNY, THOMAS MICHAEL
Class ORD
Number Held 1
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).
Please contact us should you require a search of the PPSR.
BUSINESS
STRUCTURE
TRADING ADDRESS 15 O'CONNOR CLOSE
HAMILTON HILL WA, 6163
POSTAL ADDRESS P.O. Box 1182
Fremantle, W.A.
6959 Australia
TELEPHONE (618)
9430 6164
FACSIMILE (618)
9430 6187
EMAIL sales@metrocount.com.au
WEBSITE www.metrocount.com.au
TRADING STYLE METROCOUNT
BANK HSBC
BANK AUSTRALIA
EMPLOYEES Not
determined
BACKGROUND
The subject was
incorporated in Western Australia on 2 October 1987 before adopting the current
style on 14 June 1989.
Operations were founded in 1987.
OPERATIONS
The subject
operates in the distribution and development of traffic monitoring and data systems.
The subject has a strong track record in the development,
manufacture, sales and export of traffic survey equipment and in 2014 we were
included in the West Australian Export and Industry Hall of Fame.
In 2010 MetroCount was awarded the Engineering Excellence Award
for the development of our MC5712 unit. This product enabled the gathering of
data at intersections to identify issues with driver behaviour and uncover
potential hazards.
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 investigation contact with financial controller
Joanne Miller was unable to be established. Despite messages being left, no
reply has been received.
As a result, details pertaining to the subject’s financial and
trading position 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.
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 70.00 |
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AUD |
1 |
INR 51.01 |
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 : |
KET |
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.