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Report No. : |
316293 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
HODGE WOOL PTY LTD |
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Registered Office : |
Level 2, 520 Swift Street Albury NSW, 2640 |
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Country : |
Australia |
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Date of Incorporation : |
20.06.1994 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject as wool brokers and exporters |
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No of Employees : |
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 : |
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 – December 31, 2014
|
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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
HODGE WOOL PTY LTD
ACN: 065 109 168
ABN: 84 065 109
168
Summary
Panel
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Established |
1982 |
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Incorporated |
1994 |
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Line of Business
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Wool merchants |
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Status |
Trading |
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Chief Executive
Officer |
Brian Hodge |
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Adverse Listings |
Nil |
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Rating |
NA 5 |
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The subject has
been trading profitably and is well established in its field of operations with
over 30 years experience. Detailed financial information could not 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
Status Registered
Incorporation Date 20
Jun 1994
Incorporation State NSW
Registered Office LEVEL
2, 520 SWIFT STREET
ALBURY NSW, 2640
Current Directors Total: 2
Director Name HODGE, CLAIRE JAYNE
Appointment Date 22 Jun 1994
Date of Birth 22 Sep 1965
Place of Birth MELBOURNE VIC
Gender FEMALE
Resident Overseas N
Address PUCKAWIDGEE, TABLE TOP
NSW 2640
Document Number 0E8333026
Director Name HODGE, BRIAN LLOYD
Appointment Date 22 Jun 1994
Date of Birth 28 Oct 1963
Place of Birth MAFFRA VIC
Gender MALE
Veda File Number 54961329
Resident Overseas N
Address PUCKAWIDGEE, TABLE TOP
NSW 2640
Document Number 0E8333026
Current Secretaries Total: 1
Secretary Name HODGE, CLAIRE JAYNE
Appointment Date 22 Jun 1994
Date of Birth 22 Sep 1965
Place of Birth MELBOURNE VIC
Address 'PUCKAWIDGEE' TABLE TOP
NSW, 2640
Document Number 0E8333026
Company Shares Total: 2 Amount: $2
Class ORDINARY SHARES [ORD]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 06510916Z
Shareholder Name B & C HODGE NOMINEES PTY LTD
ACN 164156889
Address 'JOHNSONS MME' LEVEL 2, 520
SWIFT STREET ALBURY NSW,
2640
Class ORD
Number Held 2
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 1E9532546
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 547 Wagga Rd
LAVINGTON,
NSW 2641
TELEPHONE (612) 6040 6444
EMAIL admin@hodgewool.com.au
WEBSITE www.hodgewool.com.au
BANK Not
determined
EMPLOYEES (including 2 active
Directors)
The subject was
incorporated in New South Wales on 20 June 1994 under the current style.
Operations were
originally founded in 1982.
Brian Hodge is
the managing director of the subject. Brian has worked in the wool industry for
30 years and has been operating Hodge Wool since 198
The subject as wool brokers and exporters.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 7 April 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 interview conducted with Managing Director Brian Hodge, he advised that
the subject has been trading profitably, however was unable to provide any
detailed income results for the last financial year.
Current assets
include stock on hand of $500,000.
Further
financial details pertaining to the subject were unable to be obtained for the
current enquiry.
The subject
acquires a majority of product from auctions and farmers. Details pertaining to
the subject’s suppliers were unable to be provided.
A trade survey
on the subject was subsequently unable to be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 62.36 |
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|
1 |
Rs. 91.60 |
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Euro |
1 |
Rs. 66.48 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
DPT |
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 |
-- |
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.