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MIRA INFORM REPORT
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Report No. : |
514976 |
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Report Date : |
21.06.2018 |
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 Traders, Brokers and Exporters. |
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No. of Employees : |
4 (Including 2 Active Directors) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2018 facing a range of growth constraints, principally driven by the sharp fall in global prices of key export commodities. Demand for resources and energy from Asia and especially China is growing at a slower pace and sharp drops in export prices have 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 benefited from a dramatic surge in its terms of trade in recent years, although this trend has reversed 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 WTO, APEC, the G20, and other trade forums. Australia’s free trade agreement (FTA) with China entered into force in 2015, adding to existing FTAs with the Republic of Korea, Japan, 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 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 10 ASEAN countries and China, Japan, Korea, New Zealand and India.
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Source
: CIA |
CORPORATE
REPORT
REGISTERED NAME 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 |
Wool merchants |
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Status |
Trading |
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Chief Executive Officer |
Brian Hodge |
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EXECUTIVE
SUMMARY
The subject has been trading profitably and recorded revenue of
$5,000,000 for the last financial year ended 30 June 2017.
A similar result is expected for the current financial year ending 30
June 2018.
Enquiries in trade quarters revealed satisfaction from one supplier
contacted in dealing with the subject on a credit basis.
CORPORATE
SEARCH
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
Current Shareholders
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
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).
BUSINESS STRUCTURE
TRADING ADDRESS 547
Wagga Rd
Lavington,
NSW 2641
TELEPHONE (612)
6040 6444
EMAIL admin@hodgewool.com.au
WEBSITE www.hodgewool.com.au
BANK WESTPAC
EMPLOYEES 4
(Including 2 Active Directors)
BACKGROUND
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
OPERATIONS
The subject as wool traders, brokers and exporters.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 14 June 2018 failed to trace any litigation
listed against the subject at that date.
FINANCES
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 and recorded
revenue of $5,000,000 for the last financial year ended 30 June 2017.
A similar result is expected for the current financial year ending 30
June 2018.
For the year ended 30 June 2015 the subject recorded revenue of
$3,000,000.
Current assets include stock on hand of $800,000.
The subject maintains access to a financing facility with its bankers
which is used to assist in funding working capital requirements.
Enquiries in trade quarters revealed satisfaction from one supplier
contacted in dealing with the subject on a credit basis.
TRADE
SURVEY
The subject acquires a majority of product from auctions and farmers.
A trade survey on the subject traced the following accounts:
(Australian Wool Testing) Nominated supplier is yet to respond to
correspondence.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.08 |
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1 |
INR 89.60 |
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Euro |
1 |
INR 78.83 |
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AUD |
1 |
INR 50.17 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.