MIRA INFORM REPORT
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Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
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Name : |
TARGET AUSTRALIA PTY. LIMITED |
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Registered Office : |
12-14 Thompson Road, North Geelong, VIC 3215 |
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Country : |
Australia |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Department Stores |
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 : |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Australia |
a2 |
a2 |
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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 |
Company name & address
Target Australia Pty. Limited
12-14 Thompson Road
North Geelong, VIC 3215
Australia
Tel: 61 3 5246-2000
Fax: 61 3 5246-2700
Web: www.target.com.au
Synthesis
Employees: 25,000
Company Type: Private Subsidiary
Corporate Family: 46
Companies
Ultimate Parent: Wesfarmers
Limited
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 3,058.1
Total Assets: NA
Business Description
Department Stores
Industry
Industry Retail (Department and Discount)
ANZSIC 2006: 4260 - Department
Stores
NACE 2002: 5212 - Other
retail sale in non-specialised stores
NAICS 2002: 45211 - Department
Stores
UK SIC 2003: 5212 - Other
retail sale in non-specialised stores
US SIC 1987: 5311 - Department
Stores
Key Executives
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Name |
Title |
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Launa Inman |
Managing Director |
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Murray Chenery |
General Manager-Marketing |
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John Box |
Chief Financial Officer |
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Graham Edsill |
Director-Information Technology |
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Jill Moodie |
Manager-Sustainability |
News
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Title |
Date |
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Commonwealth
Bank announces appointment of new director |
21-Mar-2011 |
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Australia:
Target Australia Owns Trademark for 'PREVIEW' |
8-Mar-2011 |
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Australia:
Target Australia Owns Trademark for 'MODERN LIVING ' |
16-Feb-2011 |
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Australia:
Target Australia Owns Trademark for 'GRANDEUR' |
16-Feb-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
12-14 Thompson Road
North Geelong, VIC, 3215
Australia
Tel: 61 3 5246-2000
Fax: 61 3 5246-2700
Web: www.target.com.au
Sales USD(mil): 3,058.1
Assets USD(mil): NA
Employees: 25,000
Industry: Retail
(Department and Discount)
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Contents
· Industry Codes
· Business Description
· Financial Data
Industry Codes
ANZSIC 2006 Codes:
4260 - Department Stores
NACE 2002 Codes:
5212 - Other retail sale in non-specialised stores
NAICS 2002 Codes:
45211 - Department Stores
US SIC 1987:
5311 - Department Stores
UK SIC 2003:
5212 - Other retail sale in non-specialised stores
Business
Description
Department Stores
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Corporate Family |
Corporate Structure News: |
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Total Corporate Family Members: 46 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Perth, WA |
Australia |
Retail (Specialty) |
45,603.5 |
200,930 |
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Subsidiary |
Glen Iris, VIC |
Australia |
Retail (Department and Discount) |
20,907.6 |
91,600 |
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Subsidiary |
North Geelong, VIC |
Australia |
Retail (Department and Discount) |
3,058.1 |
25,000 |
|
|
Subsidiary |
East Bentleigh, VIC |
Australia |
Retail (Specialty) |
62.8 |
1,400 |
|
|
Subsidiary |
Albury , NSW |
Australia |
Retail (Specialty) |
1.0 |
|
|
|
Subsidiary |
Malvern, VIC |
Australia |
Retail (Grocery) |
2,658.2 |
984 |
|
|
Subsidiary |
Hawthorn East, VIC |
Australia |
Advertising |
1.7 |
30 |
|
|
Subsidiary |
Silverwater, NSW |
Australia |
Retail (Specialty) |
1.0 |
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|
Subsidiary |
Silverwater, NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Tooronga, VIC |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Abbotsford, NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Glen Iris, VIC |
Australia |
Food Processing |
|
|
|
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Subsidiary |
Sydney, NSW |
Australia |
Miscellaneous Fabricated Products |
|
12,000 |
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Subsidiary |
Sydney, NSW |
Australia |
Construction - Supplies and Fixtures |
|
5,000 |
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Subsidiary |
Smithfield, NSW |
Australia |
Scientific and Technical Instruments |
951.8 |
3,191 |
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Subsidiary |
Murdoch, WA |
Australia |
Business Services |
251.0 |
900 |
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Subsidiary |
Murdoch, WA |
Australia |
Natural Gas Utilities |
29.3 |
200 |
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Subsidiary |
Kwinana, WA |
Australia |
Natural Gas Utilities |
|
60 |
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Subsidiary |
Canning Vale, WA |
Australia |
Construction Services |
1.0 |
|
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Subsidiary |
Sydney, NSW |
Australia |
Insurance (Life) |
|
850 |
|
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Subsidiary |
Auckland, Auckland |
New Zealand |
Appliance and Tool |
|
530 |
|
|
Subsidiary |
Marton, Taranaki |
New Zealand |
Construction - Supplies and Fixtures |
|
30 |
|
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Subsidiary |
Kwinana , WA |
Australia |
Chemical Manufacturing |
492.0 |
500 |
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Subsidiary |
Bibra Lake, WA |
Australia |
Miscellaneous Transportation |
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|
|
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Subsidiary |
Penrose |
New Zealand |
Fabricated Plastic and Rubber |
55.1 |
500 |
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Subsidiary |
South Auckland, Auckland |
New Zealand |
Auto and Truck Parts |
|
360 |
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Subsidiary |
Auckland, Auckland |
New Zealand |
Miscellaneous Capital Goods |
|
10 |
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Subsidiary |
Auckland, Auckland |
New Zealand |
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Subsidiary |
Mount Eden |
New Zealand |
Investment Services |
25.7 |
349 |
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Branch |
Bassendean, WA |
Australia |
Investment Services |
122.2 |
346 |
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Subsidiary |
Brisbane , QLD |
Australia |
Coal |
112.1 |
300 |
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Subsidiary |
Sydney, NSW |
Australia |
Insurance (Property and Casualty) |
|
198 |
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Subsidiary |
Auckland |
New Zealand |
Insurance (Property and Casualty) |
171.2 |
190 |
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Subsidiary |
Yennora, NSW |
Australia |
Metal Mining |
12.6 |
180 |
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Subsidiary |
Glenfield, Auckland |
New Zealand |
Business Services |
|
115 |
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Subsidiary |
Hawthorn East, VIC |
Australia |
Retail (Specialty) |
1.0 |
100 |
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Subsidiary |
Melbourne, VIC |
Australia |
Retail (Specialty) |
250.0 |
3,500 |
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Subsidiary |
Perth, WA |
Australia |
Appliance and Tool |
|
70 |
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Subsidiary |
Sydney, NSW |
Australia |
Investment Services |
15.9 |
40 |
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Subsidiary |
Perth, WA |
Australia |
Forestry and Wood Products |
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5 |
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Subsidiary |
Tooronga, VIC |
Australia |
Retail (Grocery) |
14,056.5 |
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Subsidiary |
Welshpool, WA |
Australia |
Forestry and Wood Products |
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Subsidiary |
Auckland, Auckland |
New Zealand |
Containers and Packaging |
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Subsidiary |
Welshpool, WA |
Australia |
Furniture and Fixtures |
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Subsidiary |
Bombala, NSW |
Australia |
Crops |
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Subsidiary |
Blackwater, QLD |
Australia |
Coal |
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Executive report
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Executives |
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General Manager-Marketing |
Division Head Executive |
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Group General Manager-Merchandise |
Division Head Executive |
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General Manager-Stores |
Division Head Executive |
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General Manager-Supply Chain |
Division Head Executive |
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General Manager-Creative |
Division Head Executive |
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General Manager-Human Resources |
Division Head Executive |
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General Manager-Retail Services |
Division Head Executive |
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Managing Director |
Managing Director |
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Manager-Sustainability |
Environment/Safety Executive |
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Chief Financial Officer |
Finance Executive |
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Director-Information Technology |
Information Executive |
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Commonwealth Bank
announces appointment of new director
Daily Pak Banker
(Pakistan): 21 March 2011
[What follows is
the full text of the news story.]
Karachi, March 21
-- Mr David Turner, Chairman of Commonwealth Bank of Australia, today announced
the appointment of Ms Launa Inman as an Independent Non-Executive Director of
the Bank. Launa Inman has been Managing Director of Target Australia Pty Ltd
since 2005, a leading Australian retailer with more than 25,000 employees and
290 Target and Target Country stores across the country. Prior to that
appointment she was Managing Director of Officeworks. She has had a total of 32
years experience in the retail sector, seven of those years in roles as
managing director. Launa won the 2003 Telstra Australia Business Woman of the
Year and was winner of the Commonwealth Government Private and Corporate Sector
Award. She is a member of Australian Institute of Company Directors, Chief
Executive Women Inc, Australian Institute of Management and is on the World
Retail Congress Advisory Board Launa has completed an Advanced Executive
Program at Wharton Business School, holds a Bachelor of Commerce Hons, and a
Masters of Commerce in Strategy and Economics. Mr Turner said. "I am
delighted that Launa is joining our Board. She is highly respected in the
Australian business sector and has experience in retail, marketing and customer
services, all of which are key to the Bank's success. Launa will complement the
mix of skill and experience on the Board and I am very much looking forward to
working with her" Published by HT Syndication with permission from Daily
Pak Banker. For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
Australia: Target Australia Owns Trademark for
'PREVIEW'
Australian Government: 08 March 2011
[What follows is the full text of the news story.]
Australia, March 8
-- Target Australia Pty. Ltd., Western Australia, owns the trademark (1366558)
for 'PREVIEW' from June 10, 2010, through June 10, 2020.
Status:
Registered/Protected
Class/es: 9 [Scientific,
nautical, surveying, photographic, cinematographic, measuring, signalling,
checking (supervision), life-saving and teaching apparatus and instruments;
weighing instruments including scales; apparatus and instruments for
conducting, switching, transforming, accumulating, regulating or controlling
electricity; apparatus for recording, transmission or reproduction of sound or
images; magnetic data carriers, recording discs; automatic vending machines and
mechanisms for coin-operated apparatus; cash registers, calculating machines,
data processing equipment and computers; fire-extinguishing apparatus; none of
the foregoing being optical goods], 11 [Apparatus for lighting, heating, steam
generating, cooking, refrigerating, drying, ventilating; apparatus for water
supply and sanitary purposes including water purifying and filtering apparatus;
fittings for water supply and sanitary purposes; tapware, shower and plumbing
fittings, and all other fittings associated with water supply and sanitary ware
and parts therefor; bathroom hardware in this class; electric blankets], 20
[Furniture including outdoor and casual furniture; beds including airbeds and
portable beds; bedding (except linen); soft furnishings in this class; pillows;
cushions; bean bags, mirrors, picture and photograph frames; window furnishings
in this class, fixing and suspension means for the foregoing goods and
actuating means and accessories for the foregoing goods; goods (not included in
other classes) of wood, cork, reed, cane, wicker, horn, bone, ivory, whalebone,
shell, amber, mother-of-pearl, meerschaum and substitutes for all these
materials, or of plastics; ornaments and decorative objects in this class], 21
[Household or kitchen utensils and containers; small domestic utensils and containers
including toothbrush holders and tissue box covers; holders, dishes and
dispensers for soap; toilet paper holders, toilet roll holders; flasks and
bottles; vacuum flasks for household purposes; portable coolers; insulated
containers for household use; combs and sponges; brushes (except paint brushes)
including toilet brushes; brush-making materials; articles for cleaning
purposes; steelwool; unworked or semi-worked glass (except glass used in
building); glassware, porcelain and earthenware not included in other classes;
bathroom hardware and accessories in this class including towel rails, hooks
and rings], 24 [Textiles and textile goods, not included in other classes; bed
and table covers; mattress protectors and underlays; bed linen; window furnishings
in this class including curtains and drapes; furniture coverings of plastic or
textile including cushion covers; curtain holders of textile material;
pillowcases; manchester; napery; including tablecloths, placemats and napkins;
towels and towelling including kitchen and bathroom towels and towelling] and
27 [Carpets, rugs, mats and matting, linoleum and other materials for covering
existing floors; wall hangings (non-textile)]
Type of Mark: Word
Lodgement Date:
June 10, 2010
Date of
Acceptance: Oct. 19, 2010
Registration
Advertised: March 3
For further
details contact Phillips Ormonde Fitzpatrick, Victoria, Australia.
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1366558&p_search_no=2&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=347&p_rec_all=500
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Australia: Target
Australia Owns Trademark for 'MODERN LIVING '
Australian Government: 16 February 2011
[What follows is the full text of the news story.]
Australia, Feb. 16
-- Target Australia Pty. Ltd. owns the trademark (1366559) for 'MODERN LIVING '
from June 10, 2010, through June 10, 2020.
Status:
Registered/Protected
Class: 3
[Bleaching preparations and other substances for laundry use; cleaning,
polishing, scouring and abrasive preparations; soaps; perfumery, essential
oils, cosmetics, hair lotions; dentifrices]
Class: 11
[Apparatus for lighting, heating, steam generating, cooking, refrigerating,
drying, ventilating; apparatus for water supply and sanitary purposes including
water purifying and filtering apparatus; fittings for water supply and sanitary
purposes; tapware, shower and plumbing fittings, and all other fittings
associated with water supply and parts therefor; bathroom hardware in this
class.]
Class: 14
[Precious metals and their alloys and goods in precious metals or coated
therewith, not included in other classes; jewellery, precious stones;
horological and chronometric instruments including clocks]
Class: 18 [Leather
and imitations of leather, and goods made of these materials and not included
in other classes; animal skins, hides; trunks and travelling bags; umbrellas,
shades and shelters including beach umbrellas, shelters and shades; parasols
and walking sticks; whips, harness and saddlery]
Class: 21
[Household or kitchen utensils and containers; small domestic utensils and
containers including toothbrush holders, soap holders and soap dishes, toilet
paper holders, toilet roll holders; flasks and bottles; vacuum flasks for house
hold use; portable coolers; insulated containers for household use; combs and
sponges; brushes (except paint brushes) including toilet brushes; brush-making
materials; articles for cleaning purposes; steelwool; unworked or semi-worked
glass (except glass used in building); glassware, porcelain and earthenware not
included in other classes; bathroom accessories in this class including towel
rails, hooks and rings]
Class: 26 [Lace
and embroidery, ribbons and braid; buttons, hooks and eyes, pins and needles;
artificial flowers]
Type of Mark: Word
Lodgement Date:
June 10, 2010
Date of
Acceptance: Sept. 5, 2010
Registration
Advertised: Feb. 10, 2011
For further
details contact Phillips Ormonde Fitzpatrick, Victoria, Australia.
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1366559&p_search_no=1&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=391&p_rec_all=500
For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
Australia: Target
Australia Owns Trademark for 'GRANDEUR'
Australian
Government: 16 February 2011
[What follows is
the full text of the news story.]
Australia, Feb. 16 -- Target Australia Pty. Ltd., Western Australia,
owns the trademark (1366556) for 'GRANDEUR' from June 10, 2010, through June
10, 2020.
Status:
Registered/Protected
Class/es: 9
[Scientific, nautical, surveying, photographic, cinematographic, optical,
measuring, signalling, checking (supervision), life-saving and teaching
apparatus and instruments; weighing instruments including scales; apparatus and
instruments for conducting, switching, transforming, accumulating, regulating
or controlling electricity; apparatus for recording, transmission or
reproduction of sound or images; magnetic data carriers, recording discs;
automatic vending machines and mechanisms for coin-operated apparatus; cash
registers, calculating machines, data processing equipment and computers;
fire-extinguishing apparatus], 11 [Apparatus for lighting, heating, steam
generating, cooking, refrigerating, drying, ventilating; apparatus for water
supply and sanitary purposes including water purifying and filtering apparatus;
fittings for water supply and sanitary purposes; tapware, shower and plumbing
fittings, and all other fittings associated with water supply and sanitary ware
and parts therefor; bathroom hardware in this class; electric blankets], 20
[Furniture including outdoor and casual furniture; beds including airbeds and
portable beds; bedding (except linen); soft furnishings in this class; pillows;
cushions; bean bags, mirrors, picture and photograph frames; window furnishings
in this class, fixing and suspension means for the foregoing goods and
actuating means and accessories for the foregoing goods; goods (not included in
other classes) of wood, cork, reed, cane, wicker, horn, bone, ivory, whalebone,
shell, amber, mother-of-pearl, meerschaum and substitutes for all these
materials, or of plastics; ornaments and decorative objects in this class], 21
[Household or kitchen utensils and containers; small domestic utensils and
containers including toothbrush holders and tissue box covers; holders, dishes
and dispensers for soap; toilet paper holders, toilet roll holders; flasks and
bottles; vacuum flasks for household purposes; portable coolers; insulated
containers for household use; combs and sponges; brushes (except paint brushes)
including toilet brushes; brush-making materials; articles for cleaning
purposes; steelwool; unworked or semi-worked glass (except glass used in
building); glassware, porcelain and earthenware not included in other classes;
bathroom hardware and accessories in this class including towel rails, hooks
and rings], 24 [Textiles and textile goods, not included in other classes; bed
and table covers; window furnishings in this class including curtains and
drapes; furniture coverings of plastic or textile including cushion covers;
curtain holders of textile material; pillowcases; manchester; napery; towels
and toweling] and 27 [Carpets, rugs, mats and matting, linoleum and other
materials for covering existing floors; wall hangings (non-textile)]
Type of Mark: Word
Lodgement Date:
June 10, 2010
Date of
Acceptance: Sept. 5, 2010
Registration
Advertised: Feb. 10
For further details contact PHILLIPS ORMONDE FITZPATRICK, Victoria,
Australia.
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1366556&p_search_no=1&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=390&p_rec_all=500
For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.