DB Report
   

KENTMORE CLOTHING (MANUFACTURING) PTY LTD

   

D&B Report compiled on the 20th July 2011


   

IDENTIFICATION & SUMMARY

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Identification

Entity name KENTMORE CLOTHING (MANUFACTURING) PTY LTD
DUNS® Number 75-468-3795
Address 55 MARLAND RD
COLLINGWOOD
VIC 3066
Telephone 03 94172022
Facsimile 03 94172200
Toll Free 136 269
Email kentmore@kentmore.com
Website www.kentmore.com.au
ABN 12
State VIC Date Registered 02 Aug 1965
Imports Yes
Exports Yes
Founded 1960
Current Control 1990
Employees 111
Chief Executive Officer PATRICK WILLIAM KENT, MANAGING DIRECTOR
Industry SIC Codes
2321  Manufactures men's and boy's furnishings
2322  Manufactures men's and boy's underwear and nightwear
2325  Manufactures men's and boy's trousers and slacks
2326  Manufactures men's and boy's work clothing
2329  Manufactures men's and boy's clothing
6719  Engaged as holding companies
6733  Engaged in trusts
Entity Type
Unknown
Line of Business
MANUFACTURE MENS AND CHILDREN CLOTHING; HOLDING COMPANY AND TRUSTEE COMPANY
 
 

Risk Summary

   
 
RISK EVALUATION
   
  D&B Dynamic Risk Score 1683  
  D&B Dynamic Delinquency Score 351  
  D&B Rating 4A1 (4A1)  
 
LEGAL EVENTS
   
  Court Actions 0  
  Collections 0  
  Registered Charges N/A  
 
DIRECTORS INFORMATION
   
  Executive(s) 1  
  Adverse Executive Experiences 0  
  Executive Alerts 0  
 
PAYMENT INFORMATION
   
  Trade References 0  
 
FINANCIAL SUMMARY
   
  Sales 100,000,000 (Proj)  
  Net Profit 9,000,000 (Proj)  
  Tangible Net Worth 29,557,401  
 
MEDIA SPECIAL EVENTS
   
  Special Events 0  
  Other Media Items 0  
  Click on summary items for full details
 
   

D&B Risk Assessment

   
         
   
  D&B Dynamic Risk Score  
  Dynamic Risk Score 1683  
  Probability of experiencing
Financial Stress
0.01%  
 
Relative Risk
 
 
 Minimal
 
   
  1730 1001  
 
  D&B Dynamic Delinquency Score  
  Dynamic Delinquency Score 351  
  Probability of
Severely Delinquent Payments
45.25%  
 
Relative Risk
 
 
High 
 
   
  610 101  

  D&B Rating 4A1 (4A1)
  Financial
Strength
4A (Based on tangible net worth 29,557,401)  
  Composite Credit Appraisal 1 Represents a strong credit worthiness  
Click here to see more information on D&B's rating

     
 
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CREDIT & RISK ANALYSIS

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D&B Dynamic Risk Score

   
   

The D&B Dynamic Risk Score uses a statistically valid model derived from the Dun & Bradstreet database to predict the likelihood of financial distress during the next 12 months.



Low  Moderate  Severe 
     
   
     
  | |
|
  | |

Relative Risk: Minimal    Recommend: Extend Terms to encourage growth


    KENTMORE CLOTHING (MANUFACTURING) PTY LTD Industry Average  
  D&B Dynamic Risk Score 1683 1351  
  Probability of Experiencing Financial Distress 0.01% 2.13%  

A Score of 1683 indicates that the subject has a Minimal risk of experiencing financial distress during the next 12 months and has a score that is the same as or better than 100% of all records in the Dun & Bradstreet database

Scores are updated the day new information enters the company's file.

Key Influencing Factors

No evidence of adverse information for this firm exists in the D&B database.

Tangible net worth suggests a potentially lower risk of financial distress.

Quick ratio suggests a potentially lower risk of financial distress.

Current ratio suggests a potentially lower risk of financial distress.

Collection period suggests a potentially lower risk of financial distress.

Payment information (of $100 or more) is unavailable in the D&B database within the past 12 months.

No evidence of adverse information against the director(s) of this firm exists in the D&B database.

 
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D&B Dynamic Risk Score Trend

   
   

The statistical historical DRS and industry average scores have been computed from information available in the Dun and Bradstreet database.


A new scoring model was implemented on May 2011. There may be variations between the scores before and after this change-point.


1001
1073
1146
1219
1292
1365
1438
1511
1584
1657
1730
Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11
KENTMORE CLOTHING (MANUFACTURING) PTY LTD Industry Average
Key to Scores
  Score Range   Distress Probability   Relative Risk Level   Dun and Bradstreet Recommendation  
  1566-1730   0.04%   Minimal   Extend Terms to encourage growth  
  1532-1565   0.08%   Very Low   Extend Terms to encourage growth  
  1497-1531   0.12%   Low   Extend Terms  
  1428-1496   0.31%   Average   Extend Terms  
  1389-1427   0.81%   Moderate   Extend Terms and monitor  
  1359-1388   1.41%   High   Review Terms and monitor  
  1312-1358   2.44%   Very High   Review Terms and monitor closely  
  1001-1311   11.94%   Severe   C.O.D  
   

D&B Dynamic Delinquency Score

   
   

The D&B Dynamic Delinquency Score uses a statistically valid model derived from the Dun & Bradstreet database to predict the likelihood that a business will pay in a severely delinquent manner (90+ days past terms) during the next 12 months.



Low  Moderate  Severe 
     
     
  | |
|
  | |

Relative Risk: High   

    KENTMORE CLOTHING (MANUFACTURING) PTY LTD Industry Average  
  D&B Dynamic Delinquency Score 351 402  
  Probability of Severely Delinquent Payments 45.25% 25.46%  

A score of 351 indicates that the subject has a High risk of paying in a severely delinquent manner (90 + Days Past Terms) during the next 12 months and has a score that is the same as or better than 9% of all records in the Dun & Bradstreet database.

Only payment experiences of $100 and above are included for scoring calculation.

Scores are updated the day new information enters the company's file.

Key Influencing Factors

Payment information (of $100 or more) is unavailable in the D&B database within the past 12 months.

No evidence of adverse information for this firm exists in the D&B database.

The industry of this firm indicates a potentially higher risk of severely delinquent payment manner.

The corporate structure of this firm indicates a potentially higher risk of severely delinquent payment manner.

The age of this firm indicates a potentially lower risk of severely delinquent payment manner.

The employee size of this firm indicates a potentially higher risk of severely delinquent payment manner.

 
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D&B Dynamic Delinquency Score Trend

   
   

The statistical historical DDS and industry average scores have been computed from information available in the Dun and Bradstreet database.


A new scoring model was implemented on Nov 2010. There may be variations between the scores before and after this change-point.


100
150
200
250
300
350
400
450
500
550
600
Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11
KENTMORE CLOTHING (MANUFACTURING) PTY LTD Industry Average
Key to Scores
  Score Range   Risk Class   Relative Risk Level   Probability of Severely
Delinquent Payment
 
  520-610   A   Minimal   3.1%  
  485-519   B   Very low   5.5%  
  462-484   C   Low   9.6%  
  412-461   D   Average   14.6%  
  353-411   E   Moderate   31.8%  
  295-352   F   High   55.5%  
  261-294   G   Very high   74.2%  
  101-260   H   Severe   83.2%  
 
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D&B Trade Payment Information

 
   

D&B Trade Payment Analysis (as at March 2008)

 
   
Average Payment Days: Manufacturing Industry
Average Payment Term: 30 days


Average
Payment Days
Payment Days Trend
Manufacturing Industry  56.95 For Manufacturing the industry trend is favourable compared to payments in February 06
All Australian Industries  56.3 For All Australian Industries the trend is unfavourable compared to payments in February 06
D&B Analysis

The latest D&B Australian Trade Payment Analysis figures, for the period ending February 2008, show that all Australian businesses are, on average, 26.3 days over their payment terms of 30 days.

The February figures reveal the average trade payment period is 56.3 days, 0.8 days longer than in February 2006. Standard payment terms are 30 days.

The Manufacturing industry pays their accounts, on average about 56.9 days, or 26.9 days after the industry average payment terms of 30 days. This is a decrease from 57.4 days in February 2007, indicating an improvement in the trade behaviour over the past year.

About the ATPA

The Australian Trade Payment Analysis is updated monthly and is based upon the D&B's proprietary Trade Information Program. This program collects the business to business aged trial balances of medium to large companies on a regular basis. This data is cross-matched to D&B's extensive database and makes up 98% of D&B's trade database, giving an objective view on how companies pay their accounts.

Each year, D&B processes over eight million trade and credit references, giving D&B Australia the most comprehensive record of business to business transactions in the country.

 
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Past Enquiries

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Enquiry Date Enquiring Organisation Enquiry Type Amount
03 Dec 2010 WESFARMERS GENERAL INSURANCE   Not Specified
03 Dec 2010 WESFARMERS GENERAL INSURANCE   Not Specified
03 Dec 2010 WESFARMERS GENERAL INSURANCE   Not Specified
12 Nov 2010 Undisclosed    
31 Oct 2010 Undisclosed    
31 Oct 2010 Undisclosed    
 
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HISTORY & OPERATIONS

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Registration

   
   
Registration VIC   Date Registered 02 Aug 1965
 
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Location

   
   
Head Office
Address 55 MARLAND RD
COLLINGWOOD
VIC 3066
Postal Address PO Box 222
COLLINGWOOD
VIC 3066
Telephone: 03 94172022
Fax: 03 94172200
Mobile: 0417 202200
Toll Free: 136 269
Email Address: kentmore@kentmore.com
Website: www.kentmore.com.au
Comments: IMPORTANT NOTICE: DO NOT CONFUSE THIS COMPANY WITH OTHER KENTMORE COMPANIES. THIS IS A FICTITIOUS COMPANY USED BY D&B FOR DEMONSTRATION PURPOSES ONLY. THIS REPORT IS A SAMPLE REPORT OF AN ANSWERABLE FROM FILE
 
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Executive(s)
PATRICK WILLIAM KENT
Address 55 MARLAND RD
COLLINGWOOD
3066
Appointment Date 02 Aug 1965
 

   

Executive(s) Background

   
   
Name PATRICK WILLIAM KENT
Principals Background
Managing Director
Activity Status Active in day-to-day operations
 
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Corporate Structure

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Affiliates
Duns

KENTISH NOMINEES PTY LTD , WA
MORELAND NOMINEES PTY. LIMITED , AU 74-881-7400
KENTMORE FINANCE PTY LTD , NSW
KENTMORE PROPERTIES PTY LTD , VIC
JIM AITKEN & PARTNERS NO 2 PTY LTD , AU 75-136-6485
   
Trading Styles
Duns

KENTMORE GOODFIT , VIC
KENTMORE CLOTHING, VIC
   
Branches
Duns

KENTMORE CLOTHING (MANUFACTURING) PTY LTD
28 Smiths Ave
West Ryde 2114
74-026-0021
KENTMORE CLOTHING (MANUFACTURING) PTY LTD
25 Perth Ave
Perth 6000
75-900-6828
 
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Operations

   
   
Line of Business Manufacture mens and childrens clothing.
Subject acts as a holding company with its subsidiaries engaged in similar operations to subject.

Specialises In Trousers, shirts and pyjamas
Trustee Trustee company on behalf of the Kentmore Discretionary Trust
Exports to New Zealand and Papua New Guinea
Imports from France and Italy
Major Clients Myer and David Jones
Major Suppliers Perrson Trading - Ph: 0245645566
V X Yarn - Ph: 0387875555
Scotts Australia - Ph: 0392413321
Air Sea Customs (NSW) Pty Ltd - Ph: 0244558525
Employs 111
Including the active directors
Includes 27 part-time
Plus 3 subcontractors
Employee History
Year No of Employees Reasons
2011 111
2010 104
2009 102
2008 99
  Name was changed from KENTMORE CLOTHING PTY LTD to MOREKENT PTY LIMITED. to MOREKENT PTY LIMITED TEST. to current name on 02 Aug 1995 .
 
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Bank

   
   

Australia and New Zealand Banking Group

Daily Transactional Bank

Commonwealth Bank of Australia

Daily Transactional Bank and Financing Bank

Subject's secured overdraft facility of $100,000 is currently being used and is secured by company assets.
Current overdraft amount is $50,000

 
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FINANCE

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Finance


For the period ending 30 Jun 2011 the subject was classified as:

 
  Classification Type Small Proprietary Company
 
 
  Classification Details As a trustee company, subject has the right to be indemnified out of trust assets against liabilities incurred on behalf of the trust. However it is not entitled to make a profit. If the liabilities incurred exceed the indemnified assets, subject is liable for the deficiency.
 
 
  Auditor(s) Mike Smith & Elaine Chartered Accountants
500 Bourke St, Melbourne, Vic, 3000
 
 
 
 
  Financial Source via fax
 


On 14 Jul 2011, Patrick Kent, Managing Director submitted the following Financial statement(s) dated 30 Jun 2011 via fax.

Revenue: Year Ending 30 Jun 2012 Year Ended 30 Jun 2011 Year Ended 30 Jun 2010
$100,000,000 (Projected) $75,066,895 $62,899,491
Net Profit: Year Ending 30 Jun 2012 Year Ended 30 Jun 2011 Year Ended 30 Jun 2010
$9,000,000 (Projected) $6,131,219 $4,045,052

Comparative


      30 Jun 2011
$AUD
30 Jun 2010
$AUD
30 Jun 2009
$AUD
30 Jun 2008
$AUD
 
 
CURRENT
 
  Assets   25,108,660 23,858,273 26,526,534 25,182,440 
  Liabilities   6,005,953 9,503,616 14,229,844 16,364,586 
  Working Capital   19,102,707 14,354,657 12,296,690 8,817,854 
 
OTHER
 
  Tangible Assets   13,755,264 14,310,539 15,228,125 15,829,841 
  Liabilities   3,300,570 6,630,007 9,046,600 11,605,128 
  Tangible Net Worth   29,557,401 22,035,189 18,478,215 13,042,567 
  ANNUAL SALES   75,066,895 62,899,491 68,024,100 53,529,933 
  PROFIT AFTER TAX   6,131,219 4,045,052 5,359,717 2,084,605 
  INVENTORY   15,131,986 13,329,134 12,273,223 15,016,762 
  CASH   3,078,025 2,677,825 4,780,907 2,987,491 
  ACCOUNTS RECEIVABLE   6,565,889 7,491,559 9,150,446 6,911,019 
  FIXED ASSETS   13,344,632 13,903,124 14,797,712 15,361,248 
  ACCOUNTS PAYABLE   1,682,819 4,994,517 9,054,570 7,399,126 
  EMPLOYEES   111 104 102 99 
 
 
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Statement of Financial Position



    30/06/2011
$AUD
30/06/2010
$AUD
Change
%
 
  Cash 700 500 40.00%  
  Cash & Bank 3,077,325 2,677,325 14.94%  
  Trade Debtors 6,500,889 7,506,009 -13.39%  
  Provision for Doubtful Debts (350,000) (327,000) 7.03%  
  Other Debtors 415,000 312,550 32.78%  
  Finished Goods 2,899,288 3,135,305 -7.53%  
  Raw Materials 12,232,698 10,193,829 20.00%  
  Prepayments 310,897 341,171 -8.87%  
  Deferred Expenditure 19,863 16,584 19.77%  
  Due from Related Companies 2,000 2,000 -  
  Total Current Assets 25,108,660 23,858,273 5.24%  

  Land & Buildings 5,898,741 5,557,769 6.14%  
  Leasehold Improvements 600,891 596,141 0.80%  
  Plant & Equipment 5,669,873 6,652,703 -14.77%  
  Motor Vehicles 603,963 547,106 10.39%  
  Office Furniture 70,525 68,915 2.34%  
  Other Fixed Assets 500,639 480,490 4.19%  
  Future Income Tax Benefit 400,263 383,862 4.27%  
  Deferred Expenditure 10,369 23,553 -55.98%  
  Goodwill 1,690,600 1,056,542 60.01%  
  Preliminary Expenses 260,386 195,089 33.47%  
  Total Non-Current Assets 15,706,250 15,562,170 0.93%  

  TOTAL ASSETS 40,814,910 39,420,443 3.54%  

  Trade Creditors 1,113,566 1,776,786 -37.33%  
  Other Creditors 569,253 3,217,731 -82.31%  
  Loans secured 60,900 33,469 81.96%  
  Finance Lease Liabilities 1,000,345 1,043,183 -4.11%  
  Commercial Bills 1,100,000 1,600,000 -31.25%  
  Tax Liabilities 850,621 703,842 20.85%  
  Provision for Dividends 590,000 500,000 18.00%  
  Provision for Long Service Leave 20,631 26,118 -21.01%  
  Prov. Annual leave 700,637 602,487 16.29%  
  Total Current Liabilities 6,005,953 9,503,616 -36.80%  

  Finance Lease Liabilities 896,539 1,166,027 -23.11%  
  Loans unsecured 800,000 800,000 -  
  Commercial Bills 1,300,000 4,400,000 -70.46%  
  Provision for Long Service Leave 245,058 211,704 15.76%  
  Provision for Deferred Tax 58,973 52,276 12.81%  
  Total Non-Current Liabilities 3,300,570 6,630,007 -50.22%  

  TOTAL LIABILITIES 9,306,523 16,133,623 -42.32%  

  NET ASSETS 31,508,387 23,286,820 35.31%  

  Contributed Equity 13,000,002 1,300,002 900.00%  
  Reserves - Asset Revaluation 4,498,477 4,498,477 -  
  Retained Profit 14,009,908 17,488,341 -19.89%  
  TOTAL SHAREHOLDER EQUITY 31,508,387 23,286,820 35.31%  

  TOTAL LIABILITIES and EQUITY 40,814,910 39,420,443 3.54%  
 
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Statement of Cash Flows



    30/06/2011
$AUD
30/06/2010
$AUD
Change
%
 
  Cash Flows from Operating Activities  
    Receipts from Customers 78,256,426 72,672,217 7.68%  
    Payments to Suppliers and Employees (68,023,393) (64,023,651) 6.25%  
    Interest Received 85,612 79,172 8.13%  
    Other Revenue 1,083 612 76.96%  
    Borrowing Costs (1,071,698) (1,013,301) 5.76%  
    Income Taxes Paid (3,014,758) (2,788,125) 8.13%  
    Goods & Services Taxes Paid (3,564,859) (3,065,354) 16.30%  
  Net Cash Flows from Operating Activities 2,668,413 1,861,570 43.34%  
  Cash Flows from Investing Activities  
    Payments for Property, Plant & Equipment 513,697 (813,125) -163.18%  
    Repayment of Loans by Related Parties 20,653 15,009 37.60%  
  Net Cash Flows from Investing Activities 534,350 (798,116) 166.95%  
  Cash Flows from Financing Activities  
    Repayment of Borrowings (1,263,897) (1,576,163) -19.81%  
    Repayment of Hire Purchase Liabilities (895,688) (1,090,373) -17.86%  
    Dividends Paid (550,000) (500,000) 10.00%  
  Net Cash Flows from financing Activities (2,709,585) (3,166,536) 14.43%  
  Net Increase(Decrease) in Cash Held 493,178 (2,103,082) 123.45%  
    Cash at Beginning of Financial Year 2,677,825 4,780,907 -43.99%  
  Cash at End of Financial Year 3,171,003 2,677,825 18.42%  

 
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Statement of Financial Performance



      30/06/2011$AUD 30/06/2010$AUD Change
%
 
  Revenue from Ordinary Activities 75,066,895 62,899,491 19.34%  
    Other Revenues from Ordinary Activities - 84,394 -  
    Cost of Sales (48,139,865) (44,130,835) 9.08%  
    Employee Benefits Expense (8,698,752) (5,219,795) 66.65%  
    Borrowing Costs (2,389,865) (1,029,886) 132.05%  
    Other Expenses from Ordinary Activities (7,245,782) (6,550,565) 10.61%  
  Profit from Ordinary Activities before Income Tax 8,592,631 6,052,804 41.96%  
    Income Tax Expense (2,461,412) (2,007,752) 22.60%  
  Profit from Ordinary Activities after Income Tax 6,131,219 4,045,052 51.57%  
    Profit(Loss) From Extraordinary Items after Income Tax - - -  
  Net Profit 6,131,219 4,045,052 51.57%  
    Outside Equity Interest - - -  
  Net Profit Attributable to Shareholders 6,131,219 4,045,052 51.57%  
  Total Changes in Equity 6,131,219 4,045,052 51.57%  
 
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Financial Analysis



  2011 Industry Quartile Year
Ratio Upper Median Lower 2011 2010
Current Ratio N/A N/A N/A 4.18 2.51
Quick Ratio N/A N/A N/A 1.60 1.07
Total Debt/Tangible Net Worth N/A N/A N/A 0.31 0.73
Net Profit Margin(%) N/A N/A N/A 8.16 6.43
Inventory Turnover(times) N/A N/A N/A 4.96 4.71
Accounts Receivable Turnover(times) N/A N/A N/A 11.43 8.39
Collection Period(days) N/A N/A N/A 32 43
Return on Investment(%) N/A N/A N/A 29.07 27.46
Return on Assets(%) N/A N/A N/A 21.05 15.35

 
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APPENDICES

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Information Sources

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Dun & Bradstreet takes great care to verify the accuracy of the information contained in every report. The table below lists the main information sources used to compile our reports

This report was compiled on 20th July 2011.

  Report Content   Source  
  Company Details   D&B Company Research and information derived from the ASIC database  
  Court   D&B Automated Court Data Feed  
  Collections   Extracted Daily from D&B Receivables Management Services  
  Trade Payment Analysis   D&B Scoring and Analytical Department - Monthly  
  Trade Payments   D&B Trade Information Program  
  D&B Dynamic Risk Score &
D&B Dynamic Delinquency Score
  D&B Scoring and Analytical Department - Daily  
  Company News   ABIX - Australian Business Intelligence*  


  ASIC Data**      
  Financial Statement   D&B Company Research and online form the ASIC database  
  Registered Charges   Online from the ASIC database  
  Directors and Shareholders   Online from the ASIC database  
  ASIC Company Extract   Online from the ASIC database  

 

* Copyright 2006 ABIX/LexisNexis Australia
All Rights Reserved

** Contains information derived from the ASIC database, either from documents lodged with the ASIC and processed as at the stated date of the extract, or from records supplied by previous state and/or territory systems.

D&B is a broker of information from the ASIC national corporate database, ASCOT.

Please advise the ASIC promptly of any error or omission which you may find so that they can correct it. The ASIC Help line is +61-3-5177 3988.

 
 
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Report Explanations

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Business Analyst

This D&B Report compiled by Leon Yap, Business Analyst

Currency

All monetary amounts quoted in this report are shown in AUSTRALIAN DOLLARS unless otherwise stated.

 
 
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Customer Service       

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Customer Service Contact Information
Web dnb.com.au
Email customerservice@dnb.com.au
Telephone 13 23 33 (within Australia)
+61 3 9828 3444 (other countries)
Facsimile +61 3 9828 3447

Please quote DUNS Number 754683795 and your subscriber number for any query or support

Our ref:
 
 
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Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt within compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors or omissions therein.

¬ Dun & Bradstreet (Australia) Pty Ltd