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Report No. : |
315205 |
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Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
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Name : |
BRAND COLLECTIVE PTY LTD |
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Formerly Known As : |
PACIFIC BRANDS FOOTWEAR PTY LTD |
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Registered Office : |
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Country : |
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Year of Establishment : |
1893 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Marketer, distributor, importer, wholesaler
and retailer of women’s, men’s and children’s footwear; fashion apparel; and
sporting apparel and equipment |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Unknown |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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.
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Source
: CIA |
BRAND COLLECTIVE PTY LTD
ACN: 098 742 628
ABN: 34 098 742 628
Summary Panel |
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Established |
1893 |
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Incorporated |
2001 |
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Line of Business |
Wholesale and retail of apparel and footwear |
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Status |
Trading |
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Adverse Listings |
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Rating |
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In December 2014
the subject was acquired by Achorage Capital Partners
from Pacific Brands in a deal worth $39,000,000. The activities comprised of
the Brand Collective division of Pacific Brands.
For the last financial
year ended 30 June 2014 the Brands Collective division recorded revenue of
$204.5 million which resulted in an operating Loss after significant items of
$22.3 million.
COMPANY TYPE
Australian
Proprietary Company
Status Registered
Incorporation Date 14 Nov 2001
Incorporation State ACT
Registered Office 332 LORIMER STREET PORT
MELBOURNE VIC, 3207
CURRENT DIRECTORS TOTAL: 1
Director Name MATTHEWS, MARTIN
Appointment Date 01 Dec 2014
Date of Birth 21 Feb 1981
Place of Birth SOUTH MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 350 MORAY ST, SOUTH
MELBOURNE VIC 3205
Document Number 5E3680075
CURRENT SECRETARIES TOTAL: 1
Secretary Name BROWN, CALEB
Appointment Date 01 Dec 2014
Date of Birth 18 Sep 1983
Place of Birth MELBOURNE VIC
Address UNIT 2, 32 HAIG STREET
BURWOOD VIC, 3125
Document Number 5E3677707
CURRENT OTHER ORGANISATION OFFICERS TOTAL: 1
Officer Role Ultimate Holding Company
Officer Name ANCHORAGE GEORGE STREET PTY LTD
ACN 602312952
Appointment Date -
Address -
Document Number 5E3680075
Company Shares Total: 1000000 Amount:
$1,000,000
Class ORDINARY SHARES [ORD]
Number of Shares Issued 1000000
Paid Capital $1,000,000.00
Total Amount Due and Payable $0.00
Document Number 09874262L
CURRENT SHAREHOLDERS
Shareholder Name ANCHORAGE GEORGE STREET
PTY LTD
ACN 602312952
ABN 12602312952
Address LEVEL 39, 259 GEORGE STREET
SYDNEY NSW, 2000
Class ORD
Number Held 1000000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 5E3680075
Effective 30 January 2012
the Personal Property Securities Register (PPSR) was introduced to give the different
Commonwealth, State and Territory laws and registers regarding security
interests in personal property under one national system.
TRADING ADDRESS 332 Lorimer
Street
Port Melbourne
Vic, Australia 3207
TELEPHONE (613) 9681 9681
WEBSITE http://www.brandcollective.com.au/
BRANCHES The subject
maintains 52 retail stores.
HOLDING ENTITY ANCHORAGE GEORGE STREET PTY
LTD
ULTIMATE HOLDING
ENTITY ANCHORAGE
CAPITAL PARTNERS
BANK Not
determined
EMPLOYEES Not determined
The subject was
incorporated in the ACT on 14 November 2001 as Pacific Brands Footwear Pty Ltd before
adopting the current style on 2 December 2014.
The subject has origins,
which date back to 1893.
On 5 December 2001, the assets and operations of Pacific Brands Holdings
P/L (the Parent entity) were divested by Pacific Dunlop Ltd to an investor consortium
led by CVC Capital Partners and Catalyst Investment Managers for $730 million.
Pacific Brands
listed on the ASX 2004.
Brand Collective
was formed in February 2013 as a division of Pacific Brands Ltd. merging the
Apparel and Footwear divisions.
In December
2014, Anchorage Capital Partners acquired the subject and renamed the company
Brand Collective Pty Ltd. The deal was worth $39 million.
The subject
operates as a Marketer, distributor, importer, wholesaler
and retailer of women’s, men’s and children’s footwear; fashion apparel; and
sporting apparel and equipment.
Brands include
including Superdry, Mossimo,
plus shoes Volley, Hush Puppies, Julius Marlow, Clarks and Grosby.
Brands include Clarks, Volley, Julius Marlow and Grosby.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 31 March 2015 failed to trace any litigation listed
against the subject at that date.
The subject is not
required to lodge financial statements with the Australian Securities and
Investments Commission.
During the
current investigation, contact with the subjects CFO Caleb Brown was unable to
be established. Despite messages being left, no reply has been received.
In December 2014
the subject was acquired by Achorage Capital Partners
from Pacific Brands in a deal worth $39,000,000. The activities comprised of
the Brand Collective division of Pacific Brands.
For the last
financial year ended 30 June 2014 the Brands Collective division recorded
revenue of $204.5 million which resulted in an operating Loss after significant
items of $22.3 million.
Trade payment from further sources in the past 4 months have
traced the following data for the subject.
Total Owing: $1,364
Total Past Due: $1,364
Average Late
Payment Days: 105
All Industries
Late Payment Days: 6
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Within
terms: $0
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1 – 30
days past due: $0
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31 – 60
days past due: $0
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61 – 90
days past due: $0
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91+
days: $1,364
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.59 |
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UK Pound |
1 |
Rs.92.46 |
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Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
ASH |
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.