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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
ARROWCREST GROUP PTY. LTD. |
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Formerly Known As : |
RUBERY, OWEN & KEMSLEY PROPRIETARY LIMITED (initial) |
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Registered Office : |
34 Burleigh Avenue, Woodville North, South Australia 5012 |
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Country : |
Australia |
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Date of Incorporation : |
19.11.1946 |
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Com. Reg. No.: |
007521280 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing of alloy and steel wheels. |
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No. of Employees : |
200 employees |
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 (31.03.2012) |
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.
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Source : CIA |
Verified Address
Subject name :
ARROWCREST GROUP PTY. LTD.
Other style / Business name :
ROH AUTOMOTIVE / ROH WHEELS AUSTRALIA
Business address :
28 Sheffield Street
Town :
Woodville North
Province :
South Australia
Zip/postal code :
5012
Country :
Australia
Tel :
+61 8 84684140
Fax :
+61 8 84684101
Email :
sales@roh.com.au
Website :
www.roh.com.au
Registered address :
34 Burleigh Avenue
Town :
Woodville North
Province :
South Australia
Zip/postal code :
5012
Country :
Australia
Comments :
The provided name ROH AUTOMOTIVE is not a registered entity in Australia.
ROH AUTOMOTIVE is a business name owned by
ARROWCREST GROUP
PTY. LTD.
Executive Summary
Date founded or registered :
19/11/1946
Legal form :
Australian Proprietary Company
Chief executive :
Andrew William Gwinnett
Issued & paid up capital :
AUD 810,000
Line of business :
Manufacturing of alloy and steel wheels. The Subject is divided into 2
divisions
which is ROH Automotive and ROH Wheels
Australia.
Staff employed :
200 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 good
Organization structure :
Organizational structure is stable
Detrimental : No
detrimental found
Payment history :
No payment delays noted
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. Although the Subject seems well positioned in the
market and financially stable as the Subject is part of a well organized
conglomerate however without official financial information it would be
difficult to grant a large credit amount. Our suggestion of credit is based on
years of establishment, nature of business, ownership background, estimated
turnover etc.
Registry Data
Registration date :
19/11/1946
Legal form :
Australian Proprietary Company
Registration no Australian Company Number : 007521280
Registered authority :
Australian Securities & Investments Commission
Fiscal/ Tax no :
Australian Business Number: 71007521280
Registry status :
Live/Active
Previous name :
ROH INDUSTRIES PTY. LTD.
RUBERY, OWEN & KEMSLEY PROPRIETARY
LIMITED (initial)
Change of legal form : None reported.
Other registration
:
ROH AUTOMOTIVE is a business name owned by the Subject registered on 25/06/2010 under the business
registration no: SA 0429616A.
ROH WHEELS AUSTRALIA is a business name
owned by the Subject under the business registration no: VIC 1172045H / NT
57238B / NSW R1169609 / TAS 99368B / QLD BN19153030 / WA BN11407621 / SA
BN05034735.
Key Management
Name :
Andrew William Gwinnett
Designation :
Managing Director
Name : William Hugh Laidlaw Davidson
Designation :
Director
Name :
John Maslen
Designation :
Financial Manager
Appointments
Name :
Andrew William Gwinnett
Designation :
Director
Appointment date :
27/04/72
Address :
229 Stanley Street
North Adelaide, SA 5006
Australia
Biography :
Born on 02-05-1944 in Staffordshire, United Kingdom.
Name :
Allen Elliott Bolaffi
Designation :
Director and Company Secretary
Appointment date :
01/07/03
Address : 8
Penarth Avenue
Beaumont, SA 5066
Australia
Biography :
Born on 14-10-1956 in Adelaide, South Australia, Australia.
Name :
William Hugh Laidlaw Davidson
Designation :
Director
Appointment date :
15/02/08
Address : 4
Church Avenue
Norwood, SA 5067
Australia
Biography :
Born on 28-04-1961 in North Adelaide, South Australia, Australia.
Staff employed : 200
employees
Composition
Authorized Capital :
AUD 810,000
No of shares :
405,000 Ordinary Shares
Share par value : AUD
2
Issued capital :
AUD 810,000
Paid up capital :
AUD 810,000
How listed :
Full List
Composition
Shareholder name :
AROH CORPORATION PTY. LTD.
Address :
34 Burleigh Avenue
Woodville North, SA 5012
Australia
No. of shares :
300,000 Ordinary Shares
Shareholder name :
G.C.F. INVESTMENTS PTY. LTD.
Address :
34 Burleigh Avenue
Woodville North, SA 5012
Australia
No. of shares :
105,000 Ordinary Shares
Structure
Name : G.C.F.
INVESTMENTS PTY. LTD.
Affiliation type :
Ultimate Holding Company
Address : 34
Burleigh Avenue
Woodville North, SA 5012
Australia
Name :
AROH CORPORATION PTY. LTD.
Affiliation type :
Parent Company
Address : 34
Burleigh Avenue
Woodville
North, SA 5012
Australia
Name :
JOHN SHEARER (HOLDINGS) LIMITED
Affiliation type :
Subsidiary
Address :
Share Street
Kilkenny, SA 5009
Australia
Name :
JOHN SHEARER LIMITED.
Affiliation type :
Subsidiary
Address :
Share Street
Kilkenny, SA 5009
Australia
Name :
R.O.H. AUTO PRODUCTS PHILS. INC.
Affiliation type :
Subsidiary
Address : M
Alvarez Avenue
Las
Pinas, Metro Manila
Philippines
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.
The Subject meets all the criteria to disclose
it's financials however is still exempted to file for their financial statement
by Australian Securities & Investments Commission.
On a separate note, external sources states
that the estimated annual turnover of
the Group is AUD 100 million to 120 million.
Main activities :
The Subject is engaged is the manufacturing of alloy and steel wheels. The
Subject is
divided into 2 divisions which is ROH
Automotive and ROH Wheels Australia.
ROH Automotive supplies original equipment
alloy and steel wheels to Toyota, TRD, Mitsubishi, Ralliart,
HSV/Elfin/Walkinshaw and Suzuki.
Contracts have been won with GMH, Opel in
Germany, Chevrolet in the USA, Nissan in Japan and Mexico, Honda, Daihatsu,
Isuzu, Toyota and Suzuki in Japan and Mitsubishi and Honda in Thailand. ROH
Automotive was established in 1946 at Woodville North by the British
manufacturer, The Owen Organisation and the international financier, Tozer
Kemsley and Milbourn Ltd of London. It was known as Rubery Owen & Kemsley
Pty Ltd and was changed to Rubery Owen Holdings Pty Ltd (ROH/Arrowcrest Group
Pty Ltd). Since then it has grown and advanced in both size and products
manufacturing various other automotive components including steel truck rims.
ROH Wheels Australia is Australia's
aftermarket wheel manufacturer.
Through innovative designs, world-class
manufacturing techniques and unrivalled quality, ROH Wheels Australia exports
to Germany, Japan, New Zealand and the USA. The manufacturing facility
incorporates the most advanced techniques available, ensuring that the Subject
achieve and maintain engineering excellence. ROH wheels are subjected to the
most stringent testing regimes necessary, to comply with the demanding
specifications set by various testing authorities worldwide including
Australian Standard AS1638. The Subject has a large range of alloy wheel styles
and fitments for a range of vehicles in both the Australian and International
markets. The product range also includes steel wheels for trailers and
caravans, white and chrome steel wheels for 4WD passenger and commercial
vehicles and a range of products including steel and alloy truck rims for the
heavy-duty truck market.
Purchases
International :
Asian countries
Sales
Local :
Yes
International : Japan,
Thailand, United States, Germany, New Zealand
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of a production
facilities, warehouse and administrative office.
Branches : In
addition, the Subject operates from branch locations located at:
63-73 Jedda Road
Prestons, NSW 2170
page 10 / 14
Australia
Tel: +61 2 98259339
188 Northbourne Road
Campbellfield, VIC 3061
Australia
Tel: +61 3 93051992
2/66 Kabi Circuit
Deception Bay, QLD 4508
Australia
Tel: +61 7 32032055
Unit 1/33 Alexandra Place
Bentley, WA 6102
Australia
Tel: +61 8 94517114
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 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 :
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
Local :
Prepayment, Bank transfer, Credit 30-90 days
International :
L/C, Prepayment, Telegraphic transfer, Credit up to 120 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International :
L/C, Prepayment, Telegraphic transfer, Credit up to 120 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
: Official and
local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.82 |
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|
1 |
Rs.87.9 |
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Euro |
1 |
Rs.72.83 |
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 |
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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.