MIRA
INFORM REPORT
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Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MANTRA INDIAN RESTAURANT PTY LTD |
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Registered Office : |
100 Blaxand Rd, Top Ryde,
Nsw 2112 |
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Country : |
Australia |
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Date of Incorporation : |
31 May 2005 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Operates an Indian restaurant. |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
REGISTERED NAME
MANTRA INDIAN RESTAURANT PTY LTD
RN
BN98143531
REGISTERED
31 May 2005
ADDRESS
100 Blaxand Rd
TOP RYDE, NSW 2112
PROPRIETOR
CHADHA, Tanveen
100 Blaxand Rd
TOP RYDE, NSW
2112
BUSINESS STRUCTURE
TRADING ADDRESS
100 Blaxand Rd
TOP RYDE, NSW 2112
TELEPHONE (612) 9808 2266
MOBILE 0406 142 856
BANKERS
Not determined
EMPLOYEES
Not determined
BACKGROUND
The subject was registered in New South Wales on 31 May 2005 under the current style.
OPERATIONS
The subject operates an Indian restaurant.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the traced the following litigation listed against the subject at that date.
Default Judgement
Date :
04.08.2006
Creditors name :
Magnus Advertising & Marketing
Amount :
$2,709
Plaintiff No. :
40795/06/2PRR
Association Code :
Company’s Account
Court Code :
District Court Judgement
FINANCES
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current investigation, contact with the subject’s principals was unable to be established.
As a result, details pertaining to the subjects Financial and trading position were unable to 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.
SUMMARY
The subject was registered in New South Wales on 31 May 2005 under the current style.
During the current investigation, contact with the subject’s principals was unable to be established.
As a result, details pertaining to the subjects Financial and trading position were unable to be obtained for the current enquiry.
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%)