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MIRA INFORM REPORT
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Report No. : |
493498 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
CLUB
WAREHOUSE AUSTRALIA P/L |
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Registered Office : |
Unit 122, 45
Gilby Road, Mount Waverley VIC, 3149 |
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Country : |
Australia |
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Year of Establishment : |
1990 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Distributor of Sports Medical and Physiotherapy Supplies. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 has stalled and sharp drops in current 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 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 10 ASEAN countries and China, Japan, Korea, New Zealand and India.
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Source
: CIA |
REGISTERED NAME
CLUB WAREHOUSE AUSTRALIA P/L
ACN 125806331
Summary
Panel
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Established |
1990’s |
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Incorporated |
2007 |
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Line of Business |
Distribution of sports medicine supplies |
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Status |
Trading |
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Chief Executive Officer |
Ian Patrick |
EXECUTIVE
SUMMARY
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
Status Registered
Incorporation
Date 06 Jun 2007
Incorporation
State VIC
Registered
Office UNIT 122, 45
GILBY ROAD
MOUNT WAVERLEY VIC, 3149
Current Directors Total: 1
Director Name PATRICK, IAN DOUGLAS
Appointment Date 06 Jun 2007
Date of Birth 07 Dec 1958
Place of Birth MELBOURNE VIC
Gender MALE
Resident Overseas N
Address 12 WOODHILL CL, RESEARCH
VIC 3095
Current Secretaries Total: 1
Secretary Name PATRICK, IAN DOUGLAS
Appointment Date 06 Jun 2007
Date of Birth 07 Dec 1958
Place of Birth MELBOURNE VIC
Address 12 WOODHILL CLOSE
RESEARCH VIC, 3095
Company Shares
Total: 100 Amount:
$100
Class ORDINARY
SHARES [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name BELLIVIA PTY LTD
ACN 125711944
Address 77 ALMA STREET MALVERN
EAST VIC, 3145
Class ORD
Number Held 15
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name NO. 5 AVALON PTY. LTD.
ACN 006569811
Address LEVEL 4, 22-24 HORNE STREET
ELSTERNWICK VIC, 3185
Class ORD
Number Held 85
Beneficially Held N
Fully Paid Y
Jointly Held N
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 UNIT 122, 45 GILBY ROAD
MOUNT WAVERLEY VIC, 3149
POSTAL ADDRESS PO BOX 185
MT
WAVERLEY VIC 3149
TELEPHONE (613) 9550 9600
WEBSITE https://www.clubwarehouse.com.au
HOLDING ENTITY NO 5 AVALON P/L
BANK NOT
DETERMINED
EMPLOYEES NOT DETERMINED
BACKGROUND
The subject was incorporated
in Victoria on 6 June 2007 under the current style.
Operations were
founded in the 1990’s.
OPERATIONS
The subject operates in the leading distributor of sports medical and physiotherapy supplies.
The product range extends from simple first aid needs to pharmacy, sports performance, and extensive physiotherapy supplies through to sophisticated sports recovery equipment.
The subject has built relationships with many of Australia's elite sporting codes and clubs with in this system, such as:
· AFL
· NRL
· Super Rugby
· A League
· Cricket
The subject provide extensive support to national teams and international teams across a number of sports such as:
· Cricket Australia, Sri Lankan Cricket, Bangladesh Cricket
· Football (Soccer) Socceroos, Matilda's
· Netball
Activities are
conducted from premises located at the above listed trading address.
ADVERSE
A search of of
on 22 February 018 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 investigation contact with the subjects financial controller Mano, was
unable to be established. Despite numerous messages being left, no reply has
been received.
As a result
current financial and trading details pertaining to the subject could not be
obtained for the current enquiry.
TRADE SURVEY
During the current investigation, contact with the subject’s principals
was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable
to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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1 |
INR 90.47 |
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Euro |
1 |
INR 79.59 |
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AUD |
1 |
INR 50.40 |
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 : |
NIT |
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
·
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.