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Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
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Name : |
O'NEILL AUSTRALIA PTY LTD |
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Registered Office : |
C/o GRANT THORNTON Level 17, 383 Kent Street Sydney New South Wales
2000 |
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Country : |
Australia |
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Date of Incorporation : |
07.04.2001 |
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Com. Reg. No.: |
097384757 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of O'NEILL brand apparels, wetsuits, surf
clothing and accessories. |
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No. of Employees : |
24 |
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 : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, 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 is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
Source
: CIA
Verified Address
Subject name : O'NEILL
AUSTRALIA PTY LTD
Business address : 13B
Clearview Place
Town : Brookvale
Province : New
South Wales
Zip/postal code : 2100
Country : Australia
Tel : +61
2 94386800
Fax : +61
2 94386899
Email :
info@oneillaustralia.com.au
Website : www.oneill.com
Registered address : C/o GRANT THORNTON
Level 17, 383 Kent Street
Town :
Sydney
Province : New South Wales
Zip/postal code : 2000
Country : Australia
Executive Summary
Date founded or registered
: 04/07/2001
Legal form : Australian Proprietary Company
Chief executive : Carl Keehn
Issued & paid up capital : AUD 1,000
Line of business : Import and
distribution of O'NEILL brand apparels, wetsuits, surf
clothing and accessories.
Staff employed
: 24 employees
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 undetermined
Organization structure : Organizational structure is stable
Detrimental :
No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date :
04/07/2001
Legal form :
Australian Proprietary Company
Registration no Australian Company Number: 097384757
Registered authority :
Australian Securities & Investments Commission
Fiscal/ Tax no :
Australian Business Number: 49097384757
Registry status :
Live/Active
Previous name :
None reported.
Change of legal form :
None reported.
Key Management
Name :
Carl Keehn
Designation :
Managing Director
Appointments
Name :
Carl Keehn
Designation :
Director and Company Secretary
Appointment date :
06/03/13
Address :
Unit 5, 6 Ocean Avenue
Newport Beach, NSW 2106
Australia
Biography :
Born on 14-10-1954 in Bakersfield, California, United States.
Name :
Michael Neil
Designation :
Director
Appointment date :
06/03/13
Address : 7
Llewellyn Street
Marrickville, NSW 2204
Australia
Biography :
Born on 21-07-1976 in Makati City, Philippines.
Staff employed :
24 employees
Composition
Authorized Capital : AUD
1,000
No of shares :
1,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
1,000
Paid up capital : AUD
1,000
How listed :
Full List
Composition
Shareholder name : BOARDCO
B.V.
Address :
Oosteinde 32
2361HE Warmond
Netherlands
No. of shares :
1,000 Ordinary Shares
% of shares : 100%
Structure
Name : WE
FINANCE AND SERVICES (LUXEMBOURG) S.A.R.L.
Affiliation type :
Ultimate Holding Company
Address : 17
Rue Beaumont
L-1219 Luxembourg
Luxembourg
Name :
BOARDCO B.V.
Affiliation type :
Parent Company
Address :
Oosteinde 32
2361HE Warmond
Netherlands
Name :
O'NEILL NEW ZEALAND LIMITED
Affiliation type :
Wholly-owned Subsidiary
Address :
Unit B, 11 Douglas Alexander Parade
Albany, Auckland 0632
New Zealand
Name :
O'NEILL NEW ZEALAND LIMITED
Affiliation type :
Associate
Address :
Oosteinde 32
2361HE Warmond
Netherlands
Name :
O'NEILL WETSUITS LLC
Affiliation type :
Associate
Address :
1071 41st Avenue
Santa Cruz, CA 95062
United States
Related companies
and corporate
affiliations comments : Other companies
of the O'Neill Group should be considered affiliates of the
Subject.
Bank Details
Name of bank :
Australia and New Zealand Banking Group 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.
Bankruptcy fillings : None
reported.
Court judgements : None
reported.
Tax liens :
None reported.
Others :
None reported.
Description
Comments : The
representative contacted Mr. Michael Neil declined to provide any financial
information until
the inquiring party details are revealed.
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 $12.5 million, and
-The company and
any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities : The
Subject engages in import and distribution of O'NEILL brand apparels,
wetsuits, surf clothing and accessories. The
Subject's products are sold through independent retailers
throughout
Australia and online via eshop@oneillaustralia.com.au.
Product & services : Wetsuits
Apparels :
Jackets, T-shirts, pants, hats, fleece, boardshorts, walkshorts,
swimwear, beachwear, singlets, snow jacket,
surf clothing
Accessories :
Headwear, footwear, backpacks & bags, towel, wallet, belt etc
Brand :
O'NEILL
Purchases
International :
Mainly from China, United States
Sales
Local :
Yes
International :
Asia, Pacific Islands, New Zealand
Property &
Assets
Premises : The
Subject operates from premises at the verified heading address
consisting of a showroom, warehouse and an
administrative office.
Branches :
None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 46.714 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 :
2010: 2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate :
2010: 5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross debt as
a % GDP) :
2010: 20.4%
2011: 22.9%
2012: 24%
Government bond ratings :
Standard & Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded
Shares :
US$1.198 trillion
Largest companies
in the country : Qantas Airways
(Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs), Brambles (Business &
Personal Services),Crown Ltd (Casinos & Gaming), Amcor (Containers &
Packaging),Suncorp-Metway (Diversified Insurance), BHP Billiton (Diversified
Metals & Mining),Newcrest Mining (Diversified Metals & Mining), Orica
(Diversified Metals & Mining), Iluka Resources(Diversified Metals &
Mining), Origin Energy (Electric Utilities), AGL Energy (Electric Utilities),
Wesfarmers (Food Retail), Woolworths (Food Retail), Metcash (Food Retail),
Macquarie Group (Investment services), AMP (Investment services), Challenger
Ltd (Investment services), Fortescue Metals Group (Iron & Steel), Bluescope
Steel (Iron & Steel), Commonwealth Bank (Major Banks), Westpac Banking
Group (Major Banks), National Australia Bank (Major Banks), ANZ (Major Banks),
Woodside Petroleum (Oil & Gas Operations), Santos (Oil & Gas
Operations), Caltex Australia (Oil & Gas Operations), WorleyParsons (Oil
Services & Equipment), Toll Holdings (Other Transportation), Transurban
Group (Other Transportation), QBE Insurance Group (Property & Casualty
Insurance), Insurance Australia Group (Property & Casualty Insurance), QR
National (Railroads), Westfield Group (Real Estate), Stockland Australia (Real
Estate), Westfield Retail Trust (Real Estate), Lend Lease (Real Estate), CFS
Retail Property Trust (Real Estate), Goodman Group (Real Estate), Bendigo &
Adelaide Bank (Regional Banks), Bank of Queensland (Regional Banks), Incitec
Pivot (Specialized Chemicals), Telstra
(Telecommunications Services)
Trade &
Competitiveness Overview
Total exports :
US$263.9 billion
Exports
commodities :
Coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Total imports :
US$239.7 billion
Imports commodities : Machinery and transport equipment, computers
and office machines,
telecommunication equipment and parts; crude
oil and petroleum products
Export - major partners :
China 27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Import - major partners :
China 18.5%, US 11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009 :
US$26,554 million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows : 2009: US$16,693
million
2010: US$12,791 million
2011: US$19,999 million
Best countries for doing business :
10 out of 185 countries
Global competitiveness ranking :
20 (ranking by country on a basis of 144, the first is the best)
Country and Population
Overview
Total population :
22.68 million
Total area :
7,692,024 km2
Capital :
Canberra
Currency :
Australian dollars (AUD)
Internet users as % of total
Population :
79%
Purchase Term
International :
Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Credit card, Bank transfer, Credit 30-60 days
International :
Telegraphic transfer, 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.68.36 |
|
|
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
-- |
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.