MIRA
INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
HOLROYD GOAD PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.04.2009 |
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Legal Form : |
Proprietary Limited Company |
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Line of Business : |
Manufacture of a comprehensive range of trailer parts including Axles, Stub Axles, Hubs, Disc and Drum Brakes. Other parts such as Electric, Hydraulic and Mechanical Brakes, Leaf Springs, Couplings, Locking Handles, Hinges etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
REGISTERED NAME
HOLROYD GOAD PTY
LTD
ACN: 136 471 460
ABN: 18 136 471
460
CORPORATE SEARCH
Incorporation Date: 06
Apr 2009
Registered Office 1/286 MOUNT ALEXANDER Road
ASCOT
VALE,
Number of Shares Issued: 200000
Paid Capital: 200000
Shareholders WYNDAM INVESTMENTS
PTY LTD
Number
of Shares: 200000
Directors GOAD, PAUL
Appointment Date: 06 Apr 2009
Date of Birth: 20 Mar 1962
Gender: Male
Address:
Resident Overseas: No
Secretary PAUL GOAD
Appointment
Date: 06 Apr 2009
BUSINESS STRUCTURE
TRADING ADDRESS
TELEPHONE (613) 9481 7111
FACSIMILE (613)
9489 4210
HOLDING ENTITY WYNDAM
INVESTMENTS PTY LTD
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES 25 to 30
BACKGROUND
The subject was incorporated in
The subject was formed to acquire the assets and operations of an
existing business that has origins which date back to the 1930’s.
OPERATIONS
The subject operates in the manufacture of a comprehensive range of
trailer parts including Axles, Stub Axles, Hubs, Disc and Drum Brakes. Other
parts such as Electric, Hydraulic and Mechanical Brakes, Leaf Springs,
Couplings, Locking Handles, Hinges etc are imported from overseas
manufacturers.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the of Credit Advantage Limited 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 the subjects Financial
Controller, he advised that for the last financial year ended 30 June 2010 the
subject traded profitably and recorded revenue of $4,500,000.
A similar trading result is forecast for the current financial year ending
30 June 2011.
Current assets include stock on hand of $400,000.
The subject maintains a financing facility with the Westpac Bank which
is used to assist in funding Working Capital requirements.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
(
(CMI Industrial) Purchases average $8,000 to $20,000 per month on 30 day
terms. Payment is met in 40 to 45 days and the account is considered
satisfactory, having been known for 20 years.
SUMMARY
The subject was incorporated in
The subject was formed to acquire the assets and operations of an
existing business that has origins which date back to the 1930’s.
For the last financial year ended 30 June 2010 the subject traded
profitably and recorded revenue of $4,500,000.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.