MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SUPERIORR METALS TRADING PTY LTD |
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Registered Office : |
326, |
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Country : |
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Date of Incorporation : |
30.01.2007 |
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Legal Form : |
Private Limited |
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Line of Business : |
The subject operates as scrap metal traders |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
SUPERIORR METALS TRADING PTY LTD
ACN: 123 674 493
ABN: 57 123 674 493
CORPORATE SEARCH
INCORPORATED 30
January 2007
REGISTERED ADDRESS 326,
SYDNEY,
NSW 2000
SHARECAPITAL $100
SHAREHOLDERS CHEN,
Qinchuang Holds 100
shares
DIRECTORS CHEN,
Qinchuang
MOSMAN,
NSW 2088
GRICE,
Shane Michael
BURRANEER,
NSW 2230
SECRETARY CHEN,
Qinchuang
MOSMAN,
NSW 2088
REGISTERED CHARGES None on
record
BUSINESS STRUCTURE
TRADING ADDRESS
TELEPHONE (612)
9929 8133
BANK ANZ
BANKING GROUP
EMPLOYEES 4
BACKGROUND
The subject was incorporated in
OPERATIONS
The subject operates as scrap metal traders.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the of Baycorp Advantage Limited on 1 August 2007 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 the subjects Financial
Controller, she confirmed the subject’s search and operational details, however
declined to provide any financial information as a matter of strict company
policy.
Subsequently details in this regard were unable to be obtained during
the current investigation.
TRADE SURVEY
A Trade survey on the subject traced the following accounts:
1. Nominated supplier
failed to trace an account for the subject.
SUMMARY
The subject was incorporated in
During the current investigation, details pertaining to the subject’s
financial and trading position were unable to be obtained.
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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)