MIRA
INFORM REPORT
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Report Date : |
12th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
LEWER
CORPORATION PTY. LTD. |
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Registered Office : |
64 Moncur Street, Woollahra, NSW 2025 |
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Country : |
Australia |
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Date of Incorporation : |
28.04.1972 |
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Legal Form : |
Privately Owned Company |
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Line of Business : |
Specialising in natural resources and the sourcing, supply and
distribution of mineral and metal related raw materials |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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REGISTERED NAME: |
LEWER CORPORATION PTY LTD |
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AUSTRALIAN COMPANY NUMBER: |
000 995 611 |
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AUSTRALIAN BUSINESS NUMBER: |
84 000 995 611 |
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OPERATING ADDRESS: |
64
Moncur Street, WOOLLAHRA, NSW 2025 |
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REGISTERED ADDRESS: |
64
Moncur Street, WOOLLAHRA, NSW 2025 |
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OTHER TRADING NAMES: |
Nil |
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TELEPHONE NUMBER: |
(02)
9363 9741 |
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FAX NUMBER: |
(02)
9326 2043 |
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WEB SITE ADDRESS: |
www.lewer.com.au |
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DATE OF INCORPORATION: |
28
April 1972 – Incorporated in New South Wales. |
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CHANGE OF NAME: |
Nil |
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PAID CAPITAL: |
$9,980
in $1 shares. |
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DIRECTORS: |
CASPER LOUIS KOPERBERG 31
Boyce Avenue, AUSTINMER,
NSW 2515 ELIZABETH ANN ROSS 28
Milton Avenue, WOOLLAHRA,
NSW 2025 PATRICK DAVID ROSS 28
Milton Avenue, WOOLLAHRA,
NSW 2025 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
ELIZABETH ANN ROSS |
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AUDITORS: |
Not
shown |
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REGISTERED CHARGES: |
Refer REGISTERED CHARGES |
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PAYMENTS: |
Refer TRADING |
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LEGAL ACTIONS / DEFAULTS: |
Nil |
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EMPLOYEES: |
The
number of employees have been declined. |
PARENT COMPANY
NIL
ACTIVITIES
Lewer Corporation is an
Australian privately owned company, established in 1972, head office in Sydney,
specialising in natural resources and the sourcing, supply and distribution of
mineral and metal related raw materials.
Mining and Mining Finance
Lewer acts as principal in the financing of
mining ventures in Australia and has been associated with successful producing
public mining companies, especially those related to copper, tin and
zinc. Whilst mostly acting as principal, in some instances Lewer acts as
marketing agent for mine production. In past years Lewer has sold, or
arranged sale of in excess of US$100 million of refined copper annually.
Domestic Distribution
Lewer imports and distributes throughout
Australasia a wide range of mineral, metal and metal based chemicals.
Lewer also distributes domestically sourced raw material for a wide range of
industries such as cable makers, glass factories, fertilizer manufacturers, and
steel mills and foundries.
Processing
Lewer processes various mineral and metal
products at sites at Port Kembla (NSW) and at Adelaide (SA). Various
minerals are sourced and processed for industry.
Mining Rehabilitation Services
Pty. Limited
Involved in the recovery of metals from mine leach
pads/tailings and the rehabilitation of mine sites in an environmentally
responsible manner and in accordance with the requirements of government
agencies. Lewer 40%.
Metal Producing
Lewer (through a substantial shareholding in
Pacific Rare Specialty Metals and Chemicals Inc., Manila, PRSM&C) is the
world’s largest producer of tellurium and a very substantial producer of
selenium. Lewer sources all raw materials for this operation and provides
marketing services for end metal and chemical products produced by PRSM&C.
Acid Storage and Distribution
Lewer is a 50% shareholder in Queensland
Terminals Pty. Limited, Townsville, where sulphuric acid is imported, exported
and locally distributed.
Operations are conducted from premises situated at the heading
address.
The
number of employees have been declined.
HISTORY
The
subject was incorporated in New South Wales on 28 April 1972 as Lewer Corporation Pty Ltd, being an
Australian Proprietary Company, Limited By Shares.
Australian
Company Number: 000 995 611.
Paid
capital $9,980 in 9,980 shares paid to $1 each.
Shares
are held by:
ELIZABETH
ANN ROSS AND OTHERS 9,980
The
above information is in accordance with the last Company Statement Annual
lodged with the Australian Securities and Investments Commission and compiled
at report date.
Operations
of the company were commenced in 1972.
DIRECTORS
CASPAR LOUIS KOPERBERG was born on 29 January 1945 and
was appointed to the board of directors on 24 February 1989.
ELIZABETH ANN ROSS was born on 16 October 1938 and
was appointed to the board of directors on 28 April 1972. She is also the
Company Secretary, having been appointed to this position on 28 April 1972.
PATRICK DAVID ROSS was born on 19 May 1942 and was
appointed to the board of directors on 28 April 1972.
BANK
Details
pertaining to the subject’s banking facilities have been declined.
TRADING
Trade
references in relation to the subject have been declined.
FINANCE
Due to amendments to the Corporations Law by the First Corporate Law
Simplification Act 1995, subject is not required to lodge financial statements
with the Australian Securities & Investment Commission.
disclose there are no inquiries in relation to finance applications:
REGISTERED CHARGES
The
following Registered Charge has been recorded over the subject’s assets:
On 22
November 1973, Charge to Finance Corporation Of Australia Limited, ASIC Charge
No. 51689.
Should you require
further details in relation to the above Charge a Registered Charge Search can
be undertaken.
RECORDED ACTIONS
Nothing
of an adverse nature has been recorded against the subject.
INVESTIGATION
An
interview was conducted with Mr Robert Blackman, Financial Controller, in June
2006. At this time he declined all information in relation to the subject’s
activities, trading and financial position, stating that if the name of the
enquirer is made known consideration would be given to providing the relevant
details.
Enquiries
made with trade sources failed to trace any additional information in relation
to the subject.
A Land
Titles Search has not been undertaken to ascertain what land, if any, stands in
the subject’s name. This can be
undertaken on request.
CONCLUSION
The
subject was incorporated in New South Wales on 28 April 1972 as Lewer Corporation Pty Ltd, being an
Australian Proprietary Company, Limited By Shares.
Paid
capital $9,980 in 9,980 shares paid to $1 each.
Lewer Corporation is an
Australian privately owned company, established in 1972, head office in Sydney,
specialising in natural resources and the sourcing, supply and distribution of
mineral and metal related raw materials.
Full details in relation to the company have
been declined. If dealing with the subject on a credit basis, caution would be
recommended until further details are obtained or the account is proven.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |