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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
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Name : |
HALDEX PTY LTD |
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Registered Office : |
15 Phillips
Road, Kogarah, New South Wales, Zip/postal code 2217 |
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Country : |
Australia |
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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 photographic products
and accessories, MP3 players, Information Technology (IT) products such as · Tripods & Tripod Kits · Raynox Lenses · Camera Bags · Archos Tablets and TV Box · Photo Scanners · Battery Chargers · Cowon Players & Accessories · Video & Digital Camera Batteries · Mobile Phone Accessories |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 :
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 photographic products and accessories, MP3
players, Information Technology (IT) products 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 : None
reported.
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 1.06
as of 10-10-2013
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 : 8,500,000
Comments : The estimated
turnover was provided by Mr. Bruce Waldemar Hald. The latest
financial figure was not available.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year .
Main
activities : The
Subject main activities are distribution and online sales of photographic
products and accessories, MP3 players, Information
Technology (IT) products.
The Subject’s products are sold online via https://www.haldexdirect.com.au
Product & services :
· Tripods & Tripod Kits
· Raynox Lenses
· Camera Bags
· Archos Tablets and TV Box
· Photo Scanners
· Battery Chargers
· Cowon Players & Accessories
· Video & Digital Camera Batteries
· Mobile Phone Accessories
Brand :
· ARCHOS
· COWON
· HAHNEL
· HALDEX
· MOHZY
· RAYNOX
· SANTOK
Purchases
International
: Taiwan, South Korea,
Ireland, Japan, China
Sales
Local : Yes
International
: No exports.
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a
warehouse and an administrative office.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve
Bank of Australia
Reserve of
foreign exchange & gold : US$
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 &
aming), 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%
PAY
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
NT HISTORY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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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.