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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
ONE ELEVEN PTY LTD |
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|
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Registered Office : |
C/o Richard J. Hartnett Level D, 42 Upper Heidelberg Road Ivanhoe Victoria 3079 |
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Country : |
Australia |
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Date of Incorporation : |
24.01.1994 |
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Com. Reg. No.: |
063243489 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Distributor of tools and storage products. |
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No. of Employees : |
15 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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 : ONE ELEVEN PTY LTD
Business address :
43 Old Geelong Road
Town : Brooklyn
Province : Victoria
Zip/postal code : 3012
Country : Australia
Tel : +61 3 83256999
Fax : +61 3 83256985
Email : sales@1-11.com.au
Website : www.1-11.com.au
Registered address
: C/o Richard J. Hartnett
Level D, 42 Upper Heidelberg Road
Town : Ivanhoe
Province : Victoria
Zip/postal code : 3079
Country : Australia
Postal address : P.O. Box 377
Town : Altona North
Province : Victoria
Zip/postal code : 3025
Country : Australia
Executive Summary
Date founded or
registered : 24/01/1994
Legal form : Australian
Proprietary Company
Chief executive : William Leon
Issued & paid
up capital : AUD 100,000
Line of business :
Distributor of tools
and storage products.
Staff employed : 15 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
: 24/01/1994
Legal form : Australian Proprietary Company
Registration no Australia Company Number: 063243489
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australia Business Number:
25063243489
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : William Leon
Designation : Managing Director
Name : Rod Alexander Leon
Designation : General Manager Sales & Marketing
Name : Ron Garlepp
Designation : National Sales Manager - Storage
Name : Colin McMillan
Designation : National Sales Manager - Tools
Appointments
Name : William Leon
Designation : Director
Appointment date :
17/11/95
Address : Unit 2508, 50 Lorimer Street
Docklands, VIC 3008
Australia
Biography : Born on 11-07-1946 in Arica, Chile.
Name : Robert Anthony Leon
Designation : Director and Company Secretary
Appointment date :
08/11/11
Address : 54 Station Road
Seddon, VIC 3011
Australia
Biography : Born on 19-05-1972 in Sydney, New South
Wales, Australia.
Staff employed :
15 employees
Composition
Authorized Capital
: AUD 100,000
No of shares : 100,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100,000
Paid up capital : AUD 100,000
How listed : Full
List
Composition
Shareholder name :
Sheryle Anne Leon
Address : Unit 2508, 50 Lorimer
Street
Docklands, VIC 3008
Australia
No. of shares : 40,000 Ordinary Shares
Shareholder name :
William Leon
Address : Unit 2508, 50 Lorimer
Street
Docklands, VIC 3008
Australia
No. of shares : 20,000 Ordinary Shares
Shareholder name :
Jointly held by Rod Alexander Leon
& William Leon
Address : Rod Alexander Leon
62 Warburton Road
Canterbury, VIC 3126
Australia
William Leon
Unit 2508, 50 Lorimer Street
Docklands, VIC 3008
Australia
No. of shares : 20,000 Ordinary Shares
Shareholder name :
Jointly held by Robert Anthony Leon
& William Leon
Address : Robert Anthony Leon
54 Station Road
Seddon, VIC 3011
Australia
William Leon
Unit 2508, 50 Lorimer Street
Docklands, VIC 3008
Australia
No. of shares : 20,000 Ordinary Shares
Structure
Related companies
and corporate affiliations comments : None reported.
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 : Satisfied Charges:
ASIC Charge Number: 1753716
Date Registered: 09-02-2009
Charge type: Fixed
Date Created: 29-01-2009
Chargees Name: STRATTON FINANCE PTY LTD
Unsatisfied Charges:
ASIC Charge Number: 471384
Date Registered: 21-12-1994
Charge type: Both Fixed & Floating
Date Created: 28-11-1994
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 1623385
Date Registered: 18-04-2008
Charge type: Fixed
Date Created: 14-03-2008
Chargees Name: MERCEDES-BENZ FINANCIAL SERVICES AUSTRALIA PTY
LTD
ASIC Charge Number: 1700346
Date Registered: 01-10-2008
Charge type: Fixed
Date Created: 12-08-2008
Chargees Name: MERCEDES-BENZ FINANCIAL SERVICES AUSTRALIA PTY
LTD
ASIC Charge Number: 1815284
Date Registered: 10-07-2009
Charge type: Fixed
Date Created: 18-06-2009
Chargees Name: MERCEDES-BENZ FINANCIAL SERVICES AUSTRALIA PTY
LTD
ASIC Charge Number: 1891020
Date Registered: 04-12-2009
Charge type: Both Fixed & Floating
Date Created: 02-12-2009
Chargees Name:
ALLIANZ FINANCE PTY LTD
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
Description
Comments : The
representative contacted Mr. Rod Alexander Leon advised that annual
turnover is
between AUD 5 million to 7 million.
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 $12.5 million, and
-The company and
any entities it controls have fewer than 50 employees at the
end of the
financial year.
Main activities : The Subject is engaged in
distribution of tools and storage products in
Australia.
Product &
services : TOOL PRODUCTS
-Adjustable
Wrenches
-Hammers
-Hex Keys
-Pliers
-Ratchet Wrench
Sets
-Ratchets
-Screwdriver Sets
-Socket Sets
-Spanner Sets
-Specialty Tools
-Tape Measures
-Tool Kits
STORAGE PRODUCTS
-Aluminium
Checkplate Truck Boxes
-Cantilever Box
-Galvanised Boxes
-Garage Creepers
-High Density
Accessories
-High Density
Cabinet
-High Density
Trolley
-High Density Work
Station
-Line Feed
Trolleys
-Plastic Storage
-Site Boxes
-Steel Checker
Boxes
-Steel Truck Boxes
-Superwide
Combination Chest and Trolley
-Tool Carts
-Tool Chests
-Tool Trolleys
-Workstations
Brand : Phoenix
Storage Systems
Senator
One Eleven
ContractorOne
1-11
Purchases
International :
Mainly from China, Taiwan
Sales
Local : Yes
International :
New Zealand
Property & Assets
Premises : The
Subject operates from premises located at the verified heading
address consisting
of a warehouse and administrative office.
Branches : None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 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 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
International :
Prepayment, Credit 30-60 days
Sales Term
Local :
Prepayment, Credit 30-60 days
International :
Prepayment, 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.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.