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Report No. : |
325073 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
TONY COLYER PTY LTD |
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Registered Office : |
521 South Rd, Regency Park, SA 5015 |
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Country : |
Australia
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Date of Incorporation : |
29.08.1975 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
· Subject operates in the wholesale of textiles to the hospitality industry including, bed, bath and table textiles. · Subject also distributes kitchen and electrical products including irons, iron boards, kettles and toasters. |
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No. of Employees : |
20 |
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 – 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 2014, Australia had experienced more
than 20 years of continued economic growth, averaging more than 3% 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 |
REGISTERED NAME
TONY COLYER PTY LTD
ACN: 007 778 672
ABN: 93 007 778 672
ADDRESS GIVEN
521 South Rd
Regency Park, SA 5015
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SUMMARY PANEL |
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Established |
1964 |
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Incorporated |
1975 |
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Line of Business |
Distribution of hospitality textiles |
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Status |
Trading |
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Chief Executive Officer |
Tont Colyer |
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For the last financial year ended 30 June 2014 the subject traded profitably and recorded revenue of $10,000,000.
The subject is experiencing tough market conditions and is expecting to record similar trading results for the current financial year ending 30 June 2015.
The subject maintains a Bills Line facility with its bankers which has a $1,000,000 limited.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
COMPANY TYPE Australian Proprietary Company
INCORPORATED 29 August 1975
REGISTERED ADDRESS 521 South Rd
Regency Park, SA 5015
SHARECAPITAL $1,110
SHAREHOLDERS AW Colyer Nominees P/L Holds 1,000
COLYER, Anthony Wayne Holds 99 shares
COLYER, Susan Jane Holds 11 shares
DIRECTORS COLYER,
Anthony Wayne
12
Zenith Ave
BURNSIDE,
SA 5066
COLYER,
Susan Jane
12
Zenith Ave
BURNSIDE,
SA 5066
SECRETARY COLYER, Anthony Wayne
12
Zenith Ave
BURNSIDE, SA 5066
SECURITY INTERESTS 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).
TRADING ADDRESS 521 South Rd
REGENCY PARK, SA 5015
TELEPHONE (613) 8362 9844
FACSIMILE (613) 8363 1562
WEBSITE www.tonycolyer.com.au
ASSOCIATED ENTITY HOSPITALITY TEXTILES P/L
BANK WESTPAC BANKING CORPROATION
EMPLOYEES 20
The subject was incorporated in South Australia on 29 August 1975 to commence operations under the current style.
Operations were originally established by Tony Colyer in 1964.
The subject operates in the wholesale of textiles to the hospitality industry including, bed, bath and table textiles.
The subject also distributes kitchen and electrical products including irons, iron boards, kettles and toasters.
The subject services hotels, motels, health care industry, tourism, aged care facilities bed and breakfasts, hostels and backpackers, retails, camps, barracks and parks.
Activities are conducted from premises located at the above listed trading address.
A search of of on 29 May 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 Director Tony Colyer he advised that for the last financial year ended 30 June 2014 the subject traded profitably and recorded revenue of $10,000,000.
The subject is experiencing tough market conditions and is expecting to record similar trading results for the current financial year ending 30 June 2015.
For the year ended 30 June 2011, the subject traded profitably and recorded revenue of $8,000,000.
Current assets include stock on hand valued at $4,000,000 and cash at bank of more than $1,000,000.
The subject maintains a Bills Line facility with its bankers which has a $1,000,000 limited.
Current liabilities include local creditors totalling $500,000.
In regards to asset backing, the subject’s director Anthony Colyer is noted to own the premises located at the above listed trading address through a family trust. A property search can be conducted at your request to confirm ownership.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
A trade survey on the subject traced the following accounts:
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.17 |
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1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
TPT |
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.