MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
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Name : |
HALDEX PTY LTD |
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Registered Office : |
15 Phillips Road, Kogarah,
New
South Wales, Zip/postal code 2217 |
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Country : |
Australia |
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Date of Incorporation : |
30.12.1954 |
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Com. Reg. No.: |
000145531 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Distributor and online sales of MP3, photographic equipment & accessories, backup devices, VOIP phones etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Identification details
Verified Address
Subject name : HALDEX PTY LTD
Business address : 15 Phillips Road
Town : Kogarah
Province : New South Wales
Zip/postal code : 2217
Country : Australia
Tel : +61 2 95538399
Fax : +61 2 95538488
Email : sales@haldexdirect.com.au
Website : www.haldexdirect.com.au
Registered address : 15 Phillips Road
Town : Kogarah
Province : New South Wales
Zip/postal code : 2217
Country : Australia
Postal address : P.O. Box 774
Town : Kogarah
Province : New South Wales
Zip/postal code : 1485
Country : Australia
Summary details
Executive Summary
Date founded or registered : 30/12/1954
Legal form : Australian Proprietary Company
Chief executive : Bruce Waldemar Hald
Issued & paid up capital : AUD 56,000
Sales turnover : AUD 7,500,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business :
Distributor and online sales of MP3, photographic equipment &
accessories, backup devices, VOIP phones etc.
Staff employed : 11 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 200,000
Credit amount asked : USD 200,000
Statutory details
Registry Data
Registration date : 30/12/1954
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 000145531
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 14000145531
Registry status : Live/Active Previous name : None reported. Change of legal form : None reported.
Management / directors
Key Management
Name : Bruce Waldemar Hald
Designation : Managing
Director Name : Peter Alexander Hald
Designation : Director
Board of directors / other
appointments
Appointments
Name : Isabel
Marie Hald
Designation : Director and Company Secretary
Appointment date : 30/12/54
Address : 28
Pleasant Way
Blakehurst, NSW 2221
Biography : Born
on 03-09-1920 in Sydney, New South Wales, Australia.
Name : Peter
Alexander Hald
Designation : Director
Appointment date : 29/03/88
Address : 28
Pleasant Way
Blakehurst, NSW 2221
Biography : Born
on 15-09-1952 in Sydney, New South Wales, Australia.
Name : Bruce
Waldemar Hald
Designation : Director
Appointment date : 30/12/84
Address : 28
Pleasant Way
Blakehurst, NSW 2221
Biography : Born
on 23-09-1955 in
Staff employed : 11 employees
Share capital
Composition
Authorized Capital : AUD 56,000
No of shares : 28,000 Ordinary Shares
Share par value : AUD 2
Issued capital : AUD 56,000
Paid up capital : AUD 56,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name : Bruce Waldemar Hald
Address : 28 Pleasant Way
Blakehurst, NSW 2221
Australia
No. of shares : 20,995 Ordinary Shares
Shareholder name : Peter Alexander Hald
Address : 28 Pleasant Way
Blakehurst, NSW 2221
Australia
No. of shares : 7,005 Ordinary Shares
Related companies & corporate Affiliations
Structure
Related companies and corporate affiliations comments : None reported.
Bank & mortgages
Bank Details
Name of bank : National Australia Bank Limited
Address : Australia
Account details : Current Account
Comments : It is generally not the policy of local
banks to provide credit status
information to non related
parties, however interested parties would be advised to consult first with the
Subject if banker's references are required.
Mortgages : ASIC Charge Number: 4835
Date Registered: 24-08-1988
Charge type: Both Fixed & Floating
Date Created: 11-07-1988
Chargee name: NATIONAL AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax
liens : None reported.
Others : None reported.
financials
Description
Source of financial statement : Provided
by the Subject
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 15/09/2011
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 7,500,000
Comments : The estimated turnover was provided by
Mr. Bruce Waldemar Hald.
The Subject is classified as a small proprietary company by
the Australian
Securities
& Investments Commission hence is not required to disclose their financial
statement.
A proprietary
company is defined as small for a financial year if it satisfies at least two
of the following:
- The
consolidated revenue for the financial year of the company and any entities it controls
is less than $25 million;
-The value of
the consolidated gross assets at the end of the financial year of the company
and any entities it controls is less than $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities :
The Subject main activities are
distribution and online sales for Cowon / I-Audio MP3 players, as well as
Vosonic Portable Backup Devices and Hyperdrive Portable Backup Devices.
The Subject
also sells a range of Tripods, Camera Bags, Hahnel / Powerbase Digital Camera
Batteries and Chargers, AA/AAA Rechargeable Battery Kits, Raynox Lenses and
other Lens Accessories - including Step Rings, Filters and Lens Hoods.
Products are
sold online via https://www.haldexdirect.com.au
Product & services : Photographic equipment & accessories
Audio MP3 players
Backup Devices and Hyperdrive
VOIP phones
Brand : Cowon Vosonic Lobos Hyperdrive Hahnel
Purchases
International : Mainly from Taiwan, China, India, Japan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of
warehouse and administrative office
Branches : None reported.
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment
rate 2008:4.2
3%
2009: 5.6%
2010: 5.2%
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6 %
2009: 17.6%
2010: 22.3 %
Government bond
ratings Standard
& Poor's: AAA-/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 1.258 Trillion
Largest companies in the country :
Commonwealth Bank (Banking), BHP Billiton (Materials), Westpac
Banking
Group (Banking), Rio Tinto (Materials), National Australia Bank (Banking), ANZ
Banking (Banking), Telstra (Telecommunications Services)
Trade & Competitiveness Overview
Total exports : US$210.7 billion
Exports commodities : coal, iron ore, gold, meat, wool,
alumina, wheat
Total imports : US$187.2 billion
Imports commodities : machinery and transport equipment,
computers and office machines, telecommunication equipment and parts; crude oil
and petroleum products
Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners : China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany
5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows : 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows : 2007: US$16,822 million
2008: US$32,819 million
2009: US$18,426 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 16
(ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population :
22.23 million
Total area :
7,692,024 km2
Capital : Canberra
Currency : Australian dollar (AUD)
Internet
users as % of total population
: 74.00%
Payment history
Purchase Term
International : Prepayment, Credit 30-60 days
Sales Term
Local : Credit card, Cash against document,
Credit 30-60 days
Trade Reference/ Payment Behaviour
Comments : As local and international trade
references were not supplied, the Subject's payment track record history cannot
be appropriately determined but based on our research, payments are believed to
be met without delay.
Investigation Note
Sources : Interviews and material provided by the
Subject
: Other
official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.81 |
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UK Pound |
1 |
Rs.75.16 |
|
Euro |
1 |
Rs.65.11 |
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 |
|
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.