|
Report No. : |
316292 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PETER SCANLAN WOOLS PTY LTD |
|
|
|
|
Registered Office : |
4 Chamberlain St O’connor, Wa 6163, Po Box 255 Hamilton Hill, Wa 6963 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
04.08.1986 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Subject operates as wool merchants and exporters |
|
|
|
|
No. of Employee : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
PETER SCANLAN WOOLS
PTY LTD
ABN: 76 241 686
562
|
Established |
1986 |
|
|
Registered |
1986 |
|
|
Line of Business
|
Wool merchants |
|
|
Status |
Trading |
|
|
Chief Executive
Officer |
Peter Scanlan |
|
|
Adverse Listings |
|
|
|
Rating |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
In view of the
above the subject has been assigned with a rating of ‘NA 5’.
Company Type Australian
Proprietary Company
Registered State WA
Business Status Registered
Registration Date 04 Aug 1986
Renewal Date 04 Aug 2016
Preferred Service of Notice Address PO BOX 255, HAMILTON HILL WA
6963 AUSTRALIA
MARGARET MARY SCANLAN,
PETER FRANCIS SCANLAN
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.
As a result of PPS Reform a number of existing Commonwealth, State and Territory personal property security registers will close. Interests registered on existing security interest registers will be migrated to the national PPS Register. Subsequently Registered Charges are no longer lodged with the Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS 4 Chamberlain St
O’CONNOR, WA
6163
POSTAL ADDRESS PO Box 255
HAMILTON
HILL, WA 6963
TELEPHONE (618) 9337 9891
FACSIMILE (618) 9314 2439
EMAIL scanlanwool@iinet.net.au
WEBSITE www.scanlanwool.com.au
BANK Not determined
EMPLOYEES 14
The subject was
established as a family business partnership on 4 August 1986 to commence
operations as a new venture.
The subject operates as wool merchants and
exporters.
Activities are
conducted from premises located at the above listed trading address.
A search of of on 7 April 2015failed 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 interview conducted with Proprietor Margaret Scanlan, she confirmed the subjects search and operational details however declined to release any financial details. She did confirm that the subject has been trading profitably.
Detailed financial information was subsequently unable to be obtained for the current enquiry.
A trade survey on the subject traced the following accounts:
1. (Elders) Nominated supplier declined to provide a reference owing to company policy.
2. (Primarys of WA) Nominated supplier declined to provide a reference owing to company policy.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.