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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KEITH GAMBLE PTY
LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.07.1958 |
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Com. Reg. No.: |
000242571 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import & distribution of home textiles. |
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No. of Employees : |
17 employees |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Verified Address
Subject name : KEITH GAMBLE PTY LTD
Business address :
120 Dunheved Circuit
Town : St Marys
Province : New South Wales
Zip/postal code : 2760
Country : Australia
Tel : +61 2 96734200
Fax : +61 2 96734843
Email : contact@polo.com.au.
Website : www.pololiving.com.au
Registered address
: 120 Dunheved Circuit
Town : St Marys
Province : New South Wales
Zip/postal code : 2760
Country : Australia
Postal address : P.O. Box 76
Town : St Marys
Province : New South Wales
Zip/postal code : 1790
Country : Australia
Executive Summary
Date founded or
registered : 22/07/1958
Legal form : Australian
Proprietary Company
Chief executive : Richard John Campbell
Church
Issued & paid
up capital : AUD 4,250
Line of business :
Import &
distribution of home textiles.
Staff employed : 17 employees
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 undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
asked : Not described.
Registry Data
Registration date
: 22/07/1958
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 000242571
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 65000242571
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Richard John Campbell
Church
Designation : Managing Director
Appointments
Name : Richard John Campbell
Church
Designation : Director and Company Secretary
Appointment date :
04/10/78
Address : 79 Burlington Street
Crows Nest, NSW 2065
Australia
Biography : Born on 27-02-1952 in Sydney,
New South Wales, Australia.
Staff employed : 17 employees
Composition
Authorized Capital
: AUD 4,250
No of shares : 2,125 Ordinary Shares
Share par value : AUD 2
Issued capital : AUD 4,250
Paid up capital : AUD 4,250
How listed : Full
List
Composition
Shareholder name :
CHURCH INVESTMENTS PTY LIMITED
Address : 120 Dunheved Circuit
St Marys, NSW 2760
Australia
% of shares : 100%
Structure
Name : CHURCH INVESTMENTS PTY LIMITED
Affiliation type :
Parent Company
Address : 120 Dunheved Circuit
St Marys, NSW 2760
Australia
Name : POLO TEXTILE INDUSTRIES PTY LTD
Affiliation type :
Wholly-owned Subsidiary
Address : 120 Dunheved Circuit
St Marys, NSW 2760
Australia
Name : GAMBLE NSW PTY LIMITED
Affiliation type :
Associate
Address : 120 Dunheved Circuit
St Marys, NSW 2760
Australia
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 : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
Description
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject engages in import &
distribution of home textiles.
Product &
services : Fitted sheet sets
Quilt cover sets
Blankets, throws
Quilts,
Pillows
Mattress
Pillow protectors
Bath towels
Beach towels
Brand : Polo Living
Purchases
International : India, Turkey, China, Malaysia,
South Korea, Taiwan, Thailand
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 tradedshares: US$1.258
trillion
Largest companies in the country : Westpac
Banking Group (Major Banks), BHP Billiton (Diversified Metals & Mining),
Commonwealth Bank (Major Banks), National Australia Bank
(Major Banks), ANZ Banking (Major Banks), Telstra (Telecommunications
services), Wesfarmers (Food Retail)
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 : 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 : Canberra
Currency : Australian
dollars (AUD)
Internet users as
% of total
population: 76%
Purchase Term
International :
Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International :
Prepayment, Telegraphic transfer, Credit 30-90 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.55.36 |
|
|
1 |
Rs.85.95 |
|
Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.