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Report No. : |
338354 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
GARDNER DENVER INDUSTRIES PTY LTD |
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Registered Office : |
'AMP Centre' Level 27 C/-Baker & Mckenzie, 50 Bridge Street Sydney NSW, 2000 |
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Country : |
Australia |
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Date of Incorporation : |
08.03.1929 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacture of air compressors, blowers and pumps |
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No. of Employees : |
150 |
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) |
|
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 |
GARDNER DENVER
INDUSTRIES PTY LTD
ACN: 004 152 907
ABN: 69 004 152
907
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Summary Panel |
||
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Established |
1929 |
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Incorporated |
1929 |
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Line of Business |
Manufacture of air compressors, blowers and pumps |
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Status |
Trading |
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Adverse Listings |
Nil |
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Details pertaining to the subject’s financial position were unable to be
obtained for the current enquiry.
Enquiries in trade quarters revealed payments from suppliers being
received in average 18 days past due date.
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 08 Mar 1929
Incorporation State VIC
Registered Office 'AMP CENTRE' LEVEL 27 C/-
BAKER & MCKENZIE, 50 BRIDGE
STREET SYDNEY NSW, 2000
Current Directors Total: 4
Director Name ENGLER, STEPHAN
Appointment Date 23 Oct 2014
Date of Birth 05 Dec 1979
Place of Birth SAARBURG GERMANY
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 029100002
Director Name SWEENEY, MARK
Appointment Date 15 Oct 2014
Date of Birth 12 Nov 1961
Place of Birth CASPER UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 029100002
Director Name SCHIESL, ANDY
Appointment Date 15 Oct 2014
Date of Birth 31 Aug 1971
Place of Birth WEST ALLIS UNITED STATES
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 029100002
Director Name NEWMAN, ROBERT JOHN
Appointment Date 12 Sep 2011
Date of Birth 01 Jan 1962
Place of Birth DANDENONG VIC
Gender MALE
Resident Overseas N
Address 59 WELTEN DR, COLDSTREAM
VIC 3770
Document Number 1E7853509
Current Secretaries Total: 1
Secretary Name WATSON, GEOFFREY
ALEXANDER
Appointment Date 07 Jan 2015
Date of Birth 05 Apr 1953
Place of Birth MELBOURNE VIC
Address 9 BRENTLEY CLOSE POINT
COOK VIC, 3030
Document Number 029150664
Company Shares Total: 102347 Amount:
$12,990,726
Class ORDINARY SHARES [ORD]
Number of Shares Issued 102347
Paid Capital $12,990,726.00
Total Amount Due and Payable $0.00
Document Number 029209275
Current Shareholders
Shareholder Name GARDNER DENVER INDUSTRIESLTD
Address SPRINGMILL ST, BRADFORD
WEST YORKSHIRE BD57HW
UNITED KINGDOM
Class ORD
Number Held 87947
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 028889897
Shareholder Name GARDNER DENVER NEWZEALAND
LIMITED
Address QUIGG PARTNERS LEVEL 7 36
BRANDON ST WELLINGTON 6011
NEW ZEALAND
Class ORD
Number Held 14400
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 029209275
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).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS 13
to 17 Progress ST
DANDENONG
SOUTH, VIC3175
TELEPHONE (613)
9212 5800
FACSIMILE (613)
9792 0274
WEBSITE www.gardnerdenver.com.au
BRANCHES SEVEN
HILLS, NSW
WINNELLI, NT
COOPERS PLAINS, QLD
BUNDABERG, QLD
CHINCHILLA, QLD
BOHLE, QLD
GEPPS CROSS, SA
MT GAMBIER SA
GLENORCHY TAS
DANDENONG,
SOUTH, VIC
WANGARATTA
KEWDALE,
WA
BANK BANK
OF AMERICA
EMPLOYEES 150
The subject was incorporated in Victoria on 8 March 1929 as Holman Bros
(Australia) Pty Ltd changing name to Holman Bros. (Australia) Ltd changing name
to Compair (Australasia) Ltd before adopting the current style on 20 June 2014.
Compair was acquired by Gardner Denver, Inc. in 2008 - a leading global
manufacturer of highly engineered compressors, blowers, pumps and other fluid
transfer equipment.
The ultimate holding entity Gardner Denver has origins that began in
1859 when Robert W. Gardner redesigned the fly-ball governor to provide speed
control for steam engines. By 1900, the then Gardner Company had expanded its
product line to include steam pumps and vertical high-speed air compressors.
In 1927, the Gardner Company merged with Denver Rock Drill, a
manufacturer of equipment for oil wells and mining and construction, and became
the Gardner-Denver Company.
The subject operates as a manufacturer of air compressors, blowers,
pumps and other equipment, Gardner Denver produces one of the industry’s
largest ranges of high performance industrial screw, reciprocating, centrifugal
and vane compressors and compressed air equipment.
The subjects also provides radial, side channel, liquid ring, rotary
vane, rotary lobe, claw, screw, multi stage centrifugal blowers and HSS
centrifugal blower and vacuum pumps.
Brands include:
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Gardner Denver
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Compare
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Elmo Rietschle
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Hoffman
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Lamson
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Drum
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Hydrovane,
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Mako
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Todo Belliss
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Air Relief
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Wittig
A search of of on 25 August 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 Financial Controller Ron
Vandershurst, he confirmed the subjects search and operational details however
declined to release any financial details pertaining to the subject.
Information in this regard was subsequently unable to be obtained for
the current enquiry.
Enquiries in trade quarters revealed payments from suppliers being
received in average 18 days past due date.
During the current investigation only one supplier was provided for the
current enquiry. A trade survey on the subject traced the following accounts:
1. (Blackwoods) Nominated
supplier failed to respond to correspondence despite chasing.
Trade payment from further sources in the past 4 months have traced the
following data for the subject.
Total Owing:
$38,261
Total Past Due:
$6,890
Average Late
Payment Days: 18
All Industries
Late Payment Days: 7
Within terms: $31,371
1 – 30 days past due: $6,651
31 – 60 days past due: $0
61 – 90 days past due: $67
91+ days: $172
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
UK Pound |
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SMN |
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.