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Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TOTAL TOOLS (IMPORTING) PTY LTD |
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Registered Office : |
Unit 5B, |
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Country : |
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Date of Incorporation : |
04.09.1998 |
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Com. Reg. No.: |
084220342 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
importer, wholesaler,
franchising and retail distributor of tools specializing in trade and
industrial tools under the store name TOTAL TOOLS |
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No. of Employees : |
100 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
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 : TOTAL TOOLS (IMPORTING) PTY LTD
Business address : Unit 5B, 730 Lorimer Street
Town : Port Melbourne
Province : Victoria
Zip/postal code : 3207
Country : Australia
Tel : +61 3 93944300
Fax : +61 3 93941699
Email : enquiries@totaltools.com.au
Website : www.totaltools.com.au
Registered address : Unit 5B, 730 Lorimer Street
Town : Port Melbourne
Province : Victoria
Zip/postal code : 3207
Country : Australia
Derrimut
Support Office
19 Grimes Court
Derrimut Support Office
Victoria 3030, Australia
Executive Summary
Date founded or registered : 04/09/1998
Legal form : Australian
Proprietary Company
Chief executive : Tim Cockayne
Issued & paid up capital
: AUD 126
Line of business : Import, wholesale,
franchising, and retail distribution of tools under the store
name TOTAL TOOLS.
Staff employed : 100 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 : 04/09/1998
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
084220342
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
18084220342
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Tim Cockayne
Designation : Chief Executive Officer
Appointments
Name : Warren David Jones
Designation : Director
Appointment date : 07/09/05
Address : 192 Osborne Street
Williamstown,
VIC 3016
Australia
Biography : Born on 04-03-1966 in Mona
Vale, New South Wales, Australia.
Name : Pino Steven Stella
Designation : Director and Company Secretary
Appointment date : 09/11/12
Address : 61 Pasco Street
Williamstown,
VIC 3016
Australia
Biography : Born on 24-03-1966 in
Melbourne, Victoria, Australia.
Staff employed : 100 employees
Composition
Authorized Capital : AUD 126
No of shares : 126 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 126
Paid up capital : AUD 126
How listed : Full List
Composition
Shareholder name : TOTAL TOOLS HOLDINGS PTY LTD
Address : Unit 5B, 730 Lorimer Street
Port
Melbourne, VIC 3207
Australia
No. of shares : 126 Ordinary Shares
% of shares : 100%
Structure
Name : TOTAL TOOLS HOLDINGS PTY LTD
Affiliation type : Parent Company
Address : Unit 5B, 730 Lorimer Street
Port
Melbourne, VIC 3207
Australia
Name : TOTAL TOOLS INDUSTRIAL PTY. LIMITED
Affiliation type : Sister Company
Address : Unit 5B, 730 Lorimer Street
Port
Melbourne, VIC 3207
Australia
Name : TOTAL TOOLS LICENSING PTY LTD
Affiliation type : Sister
Company
Address : Unit 5B, 730 Lorimer Street
Port
Melbourne, VIC 3207
Australia
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 representative contacted
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, wholesale, franchising
and retail
distribution
of tools specializing in trade and industrial tools.
The
Subject offers franchising opportunity of Total Tools Store across
Australia
as part of its business development plan.
In total, the Subject
currently has 35 retail stores (including franchise
stores) located in
Victoria, New South Wales, South Australia and
Queensland, Australia.
Product &
services :
Air Tools:
Air Caulking Guns
Air Cutting Tools
Air Drills
Air Grease Guns
Air Grinders
Air Riveters
Air Sander Polishers
Air Screwdrivers
Air Tool Kits
Air Tool Parts & Accessories
Air Wrenches
Blow Guns
Needle Scalers
Tyre Inflators
Cordless Tools:
Batteries
Battery Chargers
Cordless Angle Grinders
Cordless Caulking Guns
Cordless Combo Kits
Cordless Drills
Cordless Engravers
Cordless Framer Nailers
Cordless Multitools
Cordless Saws
Cordless Shears
Cordless Torches
Cordless Work Radios
Laser/Auto Levels & Distance Measurers:
Distance Measurers
Dumpy Levels
Line & Point Laser Levels
Rotary Laser Levels
Tripods/Staffs & Accessories
Outdoor Power Equipment:
Blowers/Blower Vacuums
Brushcutters
Chainsaws
Hedge Trimmers
Lawn Mowers
OPE Parts & Accessories
Post Hole Diggers
Power Tools:
Cutting Tools
Demolition Hammers
Drills
Glue Guns
Grinders
Heat Guns
Paint Stirrers
Rotary Tools
Sanders/Sander Polishers
Saws
Pressure Washers:
Commercial Electric Pressure Washers
Commercial Petrol Pressure Washers
Domestic Electric Pressure Washers
Domestic Petrol Pressure Washers
Hot Wash Steam Cleaners
Pressure Washer Accessories
Pressure Washer Attachments
Welding products:
Arc/Tig Welding products
Mig Welding products
Oxy Welding Equipment
Plasma Cutting products
Welding Magnets & Clamps
Welding Safety Equipment
Brand :
TOTAL TOOLS
MAKITA
HITACHI
MILWAUKEE
STANLEY
BOSCH
DEWALT
CIGWELD
PASLODE
IRWIN
SUTTON
TTI (Own brand)
MASTERCRAFT VALUE (Own brand)
DETROIT (Own brand)
GUARDALL (Own brand)
IRON AIR
HORNET
HRD (Own brand)
PRIMUS
BATA
TRIDON
Purchases
Local : Yes
International : Mainly from Asia, Europe,
United States
Sales
Local : Yes
International : None reported.
Key events : 17 August, 2012
Total
Tools continues to defy the economic downturn
Australia’s
leading industrial tool retailer, Total Tools , continues to defy
the
economic down turn by continually growing from strength-to-strength.
Having
achieved double digit revenue growth over the past year, while the
rest of
the retailing sector was experiencing a down turn in sales, is a true
testament
to the Total Tools franchise business model and positioning
strategy.
Targeting
the specialised industrial needs of tradesman who use their tools
to make a
living has secured Total Tools position in the market and set
them up
for continued growth moving forward despite the external
economic
conditions.
The proven
success of the Total Tools franchise business model has also
seen the
national network expand exponentially, where no fewer than nine
stores
have opened since 2011.
Total
Tools are on an aggressive growth trajectory throughout the country
with
multiple franchises planned for Victoria, New South Wales, South
Australia
and Queensland.
Now it’s
your turn to become part of the Total Tools Growth Story and
franchise
network, where you can acquire the tools to build your own
future.
If you're
an aspiring business owner, the drive and commitment to make
success
your own, contact Total Tools today for more information on
franchising
opportunities available.
Source: www.franchisebusiness.com.au
Property &
Assets
Premises : The Subject operates from the
verified heading address consisting of a
warehouse and administrative office.
Branches : In addition, the Subject
operates from 35 retail stores including franchise
stores located in Victoria, New South Wales, South Australia and
Queensland, Australia.
SUMMARIZED
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
Local : Bank transfer, D/P,
Credit 30-90 days
International : L/C, Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Cash, Credit card, Bank
transfer, D/P, 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
NT HISTORY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.28 |
|
UK Pound |
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.83.80 |
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 |
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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.