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Report No. : |
342843 |
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Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HOLLOWAY DIAMOND PTY LTD |
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Registered Office : |
C/- Noel Melville & Assoc Pty Ltd, 37 Sunhill Road Mount Waverley Vic, 3149 |
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Country : |
Australia |
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Year of Establishment : |
1976 |
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Legal Form : |
Australian Proprietary Company |
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LINE OF BUSINESS : |
THE SUBJECT OPERATES AS JEWELERS INVOLVED IN THE DESIGN,
REPAIR AND RETAIL OF JEWELLERY INCLUDING RINGS, NECKLACES, BRACELETS AND
BANDS. |
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No. of Employees : |
15 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2015 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. Although demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports, sharp drops in current prices have already impacted growth. 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, although this trend could reverse or slow due to falling 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 entered into free trade agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the ten ASEAN countries and China, Japan, Korea, New Zealand and India. Australia is also working on the Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
HOLLOWAY DIAMOND PTY
LTD
ACN: 059 591 267
ABN: 34 059 591 267
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Established |
1976 |
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Incorporated |
1993 |
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Line of Business |
Retail jewellers |
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Status |
Trading |
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Chief Executive Officer |
Garry Holloway |
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Status |
Trading |
Details
pertaining to the subject’s financial position were unable to be obtained for
the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers contacted
in dealing with the subject on a credit basis.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 26 Mar 1993
Incorporation State VIC
Registered Office C/- NOEL MELVILLE & ASSOC
PTY LTD, 37
SUNHILL ROAD
MOUNT WAVERLEY
VIC, 3149
Current Directors Total: 1
Director Name HOLLOWAY, GARRY IAN
Appointment Date 26 Mar 1993
Date of Birth 13 Sep 1952
Place of Birth SWAN HILL VIC
Gender MALE
Resident Overseas N
Address 619 BURKE RD, HAWTHORN
EAST VIC 3123
Document Number 05959126I
Current Secretaries Total: 1
Secretary Name HOLLOWAY, GARRY IAN
Appointment Date 26 Mar 1993
Date of Birth 13 Sep 1952
Place of Birth SWAN HILL VIC
Address 619 BURKE ROAD HAWTHORN
EAST VIC, 3123
Document Number 05959126I
Company Shares Total: 4 Amount: $4
Class C SHARES [C]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 05959126H
Class ORDINARY SHARES [ORD]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 007330466
Current Shareholders
Shareholder Name HOLLOWAY, GARRY IAN
Address 619 BURKE ROAD HAWTHORN
EAST VIC, 3123
Class C
Number Held 2
Beneficially Held N
Fully Paid Y
Jointly Held N
Document Number 05959126H
Shareholder Name HOLLOWAY, GARRY IAN
Address 619 BURKE ROAD HAWTHORN
EAST VIC, 3123
Class ORD
Number Held 2
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 05959126G
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 112 Canterbury Rd
CANTERBURY, VIC 3126
TELEPHONE (613) 9880 9011
EMAIL shop@hollowaydiamonds.com.au
WEBSITE www.hollowaydiamonds.com.au
BRANCHES BRIGHTON, VIC
BANK Not determined
EMPLOYEES 15
The subject was incorporated in Victoria on
26 March 1983 before adopting the current style on 30 September 2015.
Operations were originally founded in 1976.
The subject operates as jewelers involved in
the design, repair and retail of jewellery including rings, necklaces,
bracelets and bands.
Activities are conducted from premises
located at the above listed trading address.
A search of of on 25 September 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 Garry Holloway he advised that the subject has been trading
profitably, however declined to release any financial details for the current
enquiry.
Details in this regard were subsequently
unable to be obtained for the current enquiry.
In regards to asset backing, the subject is
noted to own the premises located at the above listed trading address. 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:
1.
(PJW)
Purchases range up to $30,000 per month on 30 day terms. Payment is met in 30
days and the account is considered satisfactory having been known for 30 years.
2.
(Apec
Investment) Subject operates a medium sized account on 7 day terms. Payment is
met in 7 days and the account is considered satisfactory having been known for
over 20 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
UK Pound |
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
VNT |
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.