MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DODD AND DODD PTY LTD |
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Formerly Known As : |
IPE Packaging P/L |
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Registered Office : |
11 Kennedy
Street, Maylands, Wa 6051 |
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Country : |
Australia |
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Date of Incorporation : |
03.09.1964 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Scrap Metal Recycling Companies |
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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Australia |
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
DODD AND DODD PTY LTD
T/AS C D DODD SCRAP METAL RECYCLERS
ACN: 008 692 993
ABN: 53 008 692
993
CORPORATE
SEARCH
Incorporation
State: WA
Incorporation
Date: 03 SEP 1964
Registered Office
DODD AND DODD PTY
LTD
11 KENNEDY STREET,
MAYLANDS
WA 6051
Registered
Charges: 2
Both Fixed &
Floating
BANK OF WESTERN
AUSTRALIA LTD (050494454)
955877
Registered 02 JUL
2003
Both Fixed &
Floating
BANK OF WESTERN
AUSTRALIA LTD (050494454)
536906
Registered 01 MAY
1996
Current Directors
Total: 2
MARY PAULINE DODD
– Appointed: 08 NOV 1983
93 RAILWAY Parade
MOUNT LAWLEY, Western Australia
DOB: 25 MAY 1923
CHRISTOPHER DAMIAN
DODD – Appointed:08 NOV 1983
11 KENNEDY Street
MAYLANDS, Western Australia
DOB: 09 MAR 1954
Current Secretaries
Total: 1
CHRISTOPHER DAMIAN
DODD – Appointed:08 NOV 1983
Share Structure -
Classes Total: 2
ORDA "A"
CLASS NON VOTING SHARE: 1 – amount paid: $1
ORD ORDINARY
SHARES - 75000 – amount paid: $75,000
Shareholders
Total: 3
ORDA 1 -
CHRISTOPHER DAMIEN DODD AND MARY PAULINE DODD
ORD 37500 - MARY
PAULINE DODD
ORD 37500 - CHRISTOPHER DAMIAN DODD
BUSINESS
STRUCTURE
TRADING ADDRESS 11 Kennedy St
MAYLINDS, WA 6051
TELEPHONE (618) 9370 3066
FACSIMILE (618) 9370 3387
BRANCHES HELENA VALLEY, WA
KALGOORLIE, WA
BUSSELTON, WA
BANK Not determined
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in Western Australia on 3 September 1964 as IPE Packaging P/L before adopting the current style on 11 November 1996.
OPERATIONS
The subject operates as one of the leading scrap metal recycling companies in Australia.
The subject maintains plants in Perth and Kalgoorlie, collection in the South-West and Pilbara, plus a range of mobile plants.
The subjects capabilities extend from industrial/commercial scrap metal and salvage recycling to mine-site demolition/clean-up, and marine salvage.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of failed to trace any adverse findings 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 subjects Financial Controller was unable to be established. It was advised that he is away on annual leave and is not due to return until the end of next week.
Subsequently details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
TRADE
SURVEY
During the current investigation, contact with the subjects 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.
SUMMARY
The subject was incorporated in Western Australia on 3 September 1964 as IPE Packaging P/L before adopting the current style on 11 November 1996.
Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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 |
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.