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Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ONEWORLD COLLECTION PTY LIMITED |
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Registered Office : |
Level 17, 383 Kent Street, Sydney New South Wales, 2000 |
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Country : |
Australia |
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Date of Incorporation : |
13.01.2003 |
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Com. Reg. No.: |
103359691 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and wholesale distribution of homeware and home
decor products. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 : ONEWORLD
COLLECTION PTY LIMITED
Business address : Unit
6, 113 Wisemans Ferry Road
Town : Somersby
Province : New
South Wales
Zip/postal code : 2250
Country : Australia
Tel : +61 2 43400122
Fax : +61
2 43400155
Email : anita@oneworldcollection.com.au / orders@oneworldcollection.com.au
Website : www.oneworldcollection.com.au
Registered address : Level
17, 383 Kent Street
Town : Sydney
Province : New
South Wales
Zip/postal code : 2000
Country : Australia
Executive
Summary
Date founded or registered : 13/01/2003
Legal form : Australian
Proprietary Company
Chief executive : Gregory
Owen Ollerhead
Issued & paid up capital : AUD 100
Sales turnover : AUD
3,000,000 (Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Import
and wholesale distribution of homeware and home decor products.
Staff employed : 8
employees
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is modestly 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 : 13/01/2003
Legal form : Australian
Proprietary Company
Registration no Australia Company Number: 103359691
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australia Business Number: 59103359691
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Key Management
Name : Gregory Owen Ollerhead
Designation : Managing Director
Appointments
Name : Sidney Bensohn
Designation : Director
Appointment date : 13/01/03
Address : 27 Lancaster Road
London SW19 5DA
United Kingdom
Biography : Born on 02-02-1951 in Cape Town, South Africa.
Name : Katharine Millicent Bensohn
Designation : Director
Appointment date : 13/01/03
Address : 27 Lancaster Road
London SW19 5DA
United Kingdom
Biography : Born on 21-06-1958 in South Africa.
Name : Gregory Owen Ollerhead
Designation : Director and Company Secretary
Appointment date : 13/01/03
Address : 23 View Street
North Avoca, NSW 2260
Australia
Biography : Born on 25-02-1972 in Johannesburg, South
Africa.
Staff employed : 8 employees
Composition
Authorized Capital : AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name : Katharine Millicent Bensohn
Address : 27 Lancaster Road
London SW19 5DA
United Kingdom
No. of shares : 25 Ordinary Shares
% of shares : 25%
Shareholder name : Sidney Bensohn
Address : 27 Lancaster Road
London SW19 5DA
United Kingdom
No. of shares : 25 Ordinary Shares
% of shares : 25%
Shareholder name : Gregory Owen Ollerhead
Address : 23 View Street
North Avoca, NSW 2260
Australia
No. of shares : 50 Ordinary Shares
% of shares : 50%
Structure
Name : ONEWORLD COLLECTION (2012) NEW ZEALAND LIMITED
Affiliation type : Wholly-owned Subsidiary
page 7 / 14
Address : Unit 14, 38 Eaglehurst Road
Ellerslie, Auckland 1060
New Zealand
Name : ONEWORLD TRADING LIMITED
Affiliation type : Associate
Address : Venture House
65 Davis Road
Chessington
Surrey KT9 1TT
United Kingdom
Bank
Details
Name of bank : HSBC Bank Australia 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
Source of financial statement : External Sources
Financial statement date : 30/06/12
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.98 as of 11-03-2013
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 : 3,000,000
Comments :
The representative contacted Ms. Teresa 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 $12.5 million, and
-The company and any entities it
controls have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject is engaged in import and wholesale
distribution of homeware
and home decoration products.
Product & services : Table Lamps
Custom Lamp Shades
Photo Frames
Hurricanes
Chandeliers
Home decoration products
Tableware products
Giftware products
Glassware products
Mirrors
Purchases
International : Mainly from India, Indonesia
Sales
Local : Yes
International : No exports.
Property
& Assets
Premises : The Subject operates from premises located at the
verified heading
address consisting of a showroom, warehouse and
administrative office.
Branches : None reported.
Gross
Domestic Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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, Telegraphic transfer, Credit
30-90 days
Sales
Term
Local : Cash, Credit card, Bank 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.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.