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Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
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Name : |
HALDEX PTY LTD |
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Registered Office : |
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Country : |
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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, storage
devices, VOIP phones etc. |
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No. of Employees : |
13 employees |
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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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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
AUSTRALIA - ECONOMIC OVERVIEW
Australia's abundant and diverse
natural resources attract high levels of foreign investment and include
extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and
renewable energy sources. A series of major investments, such as the US$40
billion Gorgon Liquid Natural Gas project, will significantly expand the
resources sector. Australia also has a large services sector and is a
significant exporter of natural resources, energy, and food. Key tenets of
Australia''s trade policy include support for open trade and the successful
culmination of the Doha Round of multilateral trade negotiations, particularly
for agriculture and services. The Australian economy grew for 17 consecutive
years before the global financial crisis. Subsequently, the former RUDD
government introduced a fiscal stimulus package worth over US$50 billion to
offset the effect of the slowing world economy, while the Reserve Bank of
Australia cut interest rates to historic lows. These policies - and continued
demand for commodities, especially from China - helped the Australian economy
rebound after just one quarter of negative growth. The economy grew by 1.4%
during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8%
in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in
late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the
budget deficit is expected to peak below 4.2% of GDP and the government could
return to budget surpluses as early as 2015. Australia was one of the first
advanced economies to raise interest rates, with seven rate hikes between
October 2009 and November 2010. The GILLARD government is focused on raising
Australia''s economic productivity to ensure the sustainability of growth, and
continues to manage the symbiotic, but sometimes tense, economic relationship
with China. Australia is engaged in the Trans-Pacific Partnership talks and
ongoing free trade agreement negotiations with China, Japan, and Korea.
Source
: CIA
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@haldex.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
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 8,500,000 (Estimated Non-consolidated
12 months, 30/06/2012)
Line of business :
Distributor and
online sales of MP3, photographic equipment & accessories,
storage devices, VOIP phones etc.
Staff employed : 13 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 fair
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 30/12/1954
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 000145531
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 14000145531
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Bruce
Waldemar Hald
Designation : Managing Director
Name : Peter
Alexander Hald
Designation : Director
Appointments
Name : Isabel
Marie Hald
Designation : Director and Company
Secretary
Appointment date :
30/12/54
Address : 28 Pleasant Way
Blakehurst, NSW 2221
Australia
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
Australia
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
Australia
Biography : Born on
23-09-1955 in Sydney, New South Wales, Australia.
Staff employed : 13 employees
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
How listed : Full List
Composition
Shareholder name :
Peter Alexander Hald
Address : 28 Pleasant Way
Blakehurst, NSW 2221
Australia
No. of shares : 7,005 Ordinary Shares
Shareholder name :
Bruce Waldemar Hald
Address : 28 Pleasant
Way
Blakehurst, NSW 2221
Australia
No. of shares : 20,995 Ordinary Shares
Structure
Related companies
and corporate affiliations comments: None
reported.
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.
Description
Source of
financial statement : Provided by the
Subject
Financial
statement date : 30/06/12
Type of accounts :
Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.96 as of
26-09-2012
Summarized Financial Information
Consolidation type
: Non Consolidated
Currency : Australia Dollar
(AUD)
Denomination : (x1) One
Date of financial
year end : 30/06/12
Length of accounts
: 12 months
Sale turnover / Income
: 8,500,000
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject main
activities are distribution and online sales for Cowon /
I-Audio MP3 players, as well as Vosonic Portable Backup Devices and
Hyperdrive Portable Backup Devices.
The Subject also sells a range of Tripods, Camera Bags, Hahnel /
Powerbase Digital Camera Batteries and Chargers, AA/AAA Rechargeable
Battery Kits, Raynox Lenses and other Lens Accessories - including Step
Rings, Filters and Lens Hoods.
Products are sold online via https://www.haldexdirect.com.au
Product &
services : Photographic
equipment & accessories
Audio MP3 players
Storage Devices and Hyperdrive
VOIP phones
Brand : Cowon
Vosonic
Lobos
Hyperdrive
Hahnel
Purchases
International :
Mainly from Taiwan, China, India, Japan
Sales
Local : Yes.
International : No
exports.
Property & Assets
Premises : The Subject
operates from premises located at the verified heading
address consisting of an administrative office and warehouse.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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%
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%, 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
dollars (AUD)
Internet users as
% of total
population: 74.00%
Purchase Term
International :
Prepayment, Telegraphic transfer, Credit 30-60 days
Sales Term
Local : Credit
card, Bank transfer, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.25 |
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1 |
Rs.86.23 |
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Euro |
1 |
Rs.68.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.