MIRA
INFORM REPORT
|
Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
VICTORY METALS PTY LTD |
|
|
|
|
Registered Office : |
IBM Tower, Level 3, 60 City Road, Southbank, VIC 3006 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
8 December 2003 |
|
|
|
|
Legal Form : |
Proprietary Company, Limited By Shares |
|
|
|
|
Line of Business : |
Importer/exporter of metals. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
REGISTERED NAME: |
VICTORY METALS
PTY LTD |
|
|
|
|
AUSTRALIAN
COMPANY NUMBER: |
107 314 170 |
|
|
|
|
AUSTRALIAN
BUSINESS NUMBER: |
90 107 314 170 |
|
|
|
|
OPERATING
ADDRESS: |
IBM Tower, Level 3, 60 City Road, SOUTHBANK, VIC
3006 |
|
|
|
|
REGISTERED
ADDRESS: |
IBM Tower, Level 3, 60 City Road, SOUTHBANK, VIC
3006 |
|
|
|
|
OTHER TRADING
NAMES: |
Nil |
|
|
|
|
TELEPHONE
NUMBER: |
(03) 9571 6057 |
|
|
|
|
FAX NUMBER: |
Unknown |
|
|
|
|
WEB SITE
ADDRESS: |
Unknown |
|
|
|
|
DATE OF
INCORPORATION: |
8 December 2003 – Incorporated in Victoria. |
|
|
|
|
CHANGE OF NAME: |
2 June 2005 - To present name. |
|
|
|
|
PAID CAPITAL: |
$2 in $1 shares. |
|
|
|
|
DIRECTOR: |
NOEL ROBERT
MACDONALD 116 Mimosa Road, CARNEGIE, VIC 3163 |
|
|
|
|
SHAREHOLDERS: |
Refer HISTORY |
|
|
|
|
SECRETARY: |
NOEL ROBERT
MACDONALD |
|
|
|
|
AUDITORS: |
Not shown |
|
|
|
|
REGISTERED
CHARGES: |
Nil |
|
|
|
|
PAYMENTS: |
Refer TRADING |
|
|
|
|
LEGAL ACTIONS /
DEFAULTS: |
Nil |
|
|
|
|
EMPLOYEES: |
The number of employees have not been ascertained. |
PARENT COMPANY
NIL
ACTIVITIES
The subject is believed to be an importer/exporter of metals.
Details pertaining to the nature of the subject’s operations have not
been ascertained at this time.
Operations are conducted from premises situated at the heading address.
The number of employees have not been ascertained.
HISTORY
The subject was incorporated in Victoria on 8 December 2003 as Victory Exports Pty Ltd, adopting the
present name on 2 June 2005, being an Australian Proprietary Company, Limited
By Shares.
Australian Company Number: 107 314 170.
Paid capital $2 in 2 shares paid to $1 each.
Shares are held by:
TED CHWASTA 2
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.
Details pertaining to the company history and antecedent information on
the directors have not been ascertained.
DIRECTOR
NOEL ROBERT
MACDONALD was born on 2 September 1959 and was appointed to the board of directors
on 15 July 2004. He is also the Company Secretary, having been appointed to
this position on 15 July 2004. He is believed to be fully active in company
operations.
BANK
Details pertaining to the subject’s banking facilities have not been
ascertained.
TRADING
Trade references in relation to the subject have not been obtained.
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
There are no Registered Charges existing over the subject’s assets.
RECORDED ACTIONS
Nothing of an adverse nature has been recorded against the subject.
INVESTIGATION
Attempts have been made to contact the subject, however the telephone is
answered by a recorded messages.
Messages have been left requesting they contact this office, however to
date a reply has not been received.
Should additional information come to hand this will be sent to you as
an addendum to this report.
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 Victoria on 8 December 2003 as Victory Exports Pty Ltd, adopting the
present name on 2 June 2005, being an Australian Proprietary Company, Limited
By Shares.
Paid capital $2 in 2 shares paid to $1 each.
Full details in relation to the company have not been ascertained. 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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)