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Report Date : |
06.12.2012 |
IDENTIFICATION DETAILS
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Name : |
STOCKWOOL PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.07.1997 |
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Reg. No.: |
079425951 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import, Export & Distribution of Wool. |
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No. of Employees : |
Not Available |
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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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Source : CIA |
Verified Address
Subject
name : STOCKWOOL PTY LTD
Business
address :
Town :
Province :
Zip/postal
code : 3751
Country :
Tel : +61 3 97151447
Fax : +61 3 97151199
Email : stockwool@bigpond.com
Registered
address :
Town :
Province :
Zip/postal
code : 3751
Country :
Comments : The Subject does not operate from a physical
office in
Executive Summary
Date
founded or registered :
22/07/1997
Legal form : Australian
Proprietary Company
Chief
executive :
Kenneth James Stock
Issued
& paid up capital : AUD 24
Sales
turnover : AUD
6,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of
business : Import,
export & distribution of wool.
Staff employed : Mr. Kenneth James
Stock is the only director and employee of the Subject
Company Analysis
Country
risk :
Country risk is minimal
Operation
trend : Operational trend is
steady
Management experience
: Management is reasonably
experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental found
Payment
history : No
payment delays noted
Credit
amount suggestion : USD 90,000
Credit
amount asked : Not
described.
Comments : It is advisable to conduct business
dealing on prepayment or L/C basis for larger credit transaction than
suggested.
Registry Data
Registration
date :
22/07/1997
Legal form :
Australian Proprietary Company
Registration
no Australia Company Number :
079425951
Registered
authority :
Australian Securities and Investments Commission
Fiscal/ Tax
no :
Registry
status :
Live/Active
Previous
name :
None reported.
Change of
legal form :
None reported.
Key Management
Name : Kenneth James Stock
Designation
: Managing Director
Appointments
Name : Kenneth James Stock
Designation
: Director and Company
Secretary
Appointment
date : 22/07/97
Address :
Biography : Born on 22-04-1952 in
Staff
employed : Mr. Kenneth James
Stock is the only director and employee of the Subject
Composition
Authorized
Capital : AUD 24
No of
shares : 6 Class A Shares
/ 6 Class B Shares / 12 Ordinary Shares
Share par
value : AUD 1
Issued
capital : AUD 24
Paid up
capital : AUD 24
How listed : Full List
Composition
Shareholder
name : Kenneth James Stock
Address :
No. of
shares : 6 Class A Shares
Shareholder
name : Raelene Ellen Stock
Address :
No. of
shares : 6 Class B Shares
Shareholder
name : K.J. STOCK NOMINEES PTY.
LTD.
Address :
No. of shares
: 12 Ordinary Shares
Structure
Related
companies and corporate affiliations comments :
None reported.
Bank Details
Name of
bank :
Address :
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 : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Source of financial
statement : External Sources
Financial
statement date : 30/06/12
Type of
accounts : Estimated
key figures
Currency :
Exchange
rate : 1 USD =
AUD 0.96 as of 03-12-2012
Summarized Financial Information
Consolidation
type : Non
Consolidated
Currency :
Denomination
: (x1) One
Date of
financial year end : 30/06/12
Length of
accounts : 12 months
Comments : 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
$12.5 million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main
activities :
The Subject is engaged in import, export & distribution of wool.
Purchases
Local : Yes
International
:
Sales
International
:
Property & Assets
Premises : The Subject operates from
residential premises located at the verified heading address consisting of an
administrative office.
Branches : None
reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank :
Reserve Bank of
Reserve of
foreign exchange & gold : US$
43.879 billion
Gross
domestic product - GDP : US$
1.586 trillion
GPP
(Purchasing power parity) :
954.296 billion of International dollars
GDP per
capita - current prices :
US$ 68,916
GDP -
composition by sector :
agriculture: 4%
industry: 25.6%
services: 70.4%
Inflation :
2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment
rate :
2009: 5.6%
2010: 5.2%
2011: 5.1%
Public debt
(General
Government gross debt as
a % GDP) :
2009: 16.9%
2010: 20.4%
2011: 22.9%
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)
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%,
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
:
2008: US$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI
Outflows :
2008: US$33,604 million
2009: US$16,160 million
2010: US$26,431 million
Best
countries for doing business :
10 out of 183 countries
Global
competitiveness ranking : 20
(ranking by country on a basis of 142, the first is the best)
Country and Population Overview
Total
population :
22.23 million
Total area :
7,692,024 km2
Capital :
Currency :
Australian dollars (AUD)
Internet
users as % of total
Population :
76%
Purchase Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International
:
Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
International
:
Prepayment, Telegraphic transfer, Credit 30-90 days
Trade Reference/ Payment
Behavior
Comments : As local and
international trade references were not supplied, the Subject's payment track
record history cannot be ppropriately 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.57 |
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1 |
Rs.87.90 |
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Euro |
1 |
Rs.71.53 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
-- |
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.