MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DEVOURX PTY LTD |
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Registered Office : |
53 Ostend St, Lidcombe, NSW 2141 |
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Country : |
Australia |
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Date of Incorporation : |
3 February 2005 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Believed to operate in the import and distribution of grinding machinery for the mining industry. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
REGISTERED NAME
DEVOURX PTY LTD
ACN
112 782 215
ABN
25 112 782 215
INCORPORATED
3 February 2005
REGISTERED ADDRESS
53 Ostend St
LIDCOMBE, NSW 2141
SHARECAPITAL
$5,934,122
SHAREHOLDERS
MUSSE INC holds 21,000,000
ARBITRAGE FINANCIAL GROUP holds 11,253,000
EMERGENCIES HOLDINGS PTE holds 2,500,000
VS NO 1 [/L holds 300,000
HUGHES CEILINGS P/L holds 250,000
EAV P/L holds 250,000
FERGUSON, Kel holds 200,000
HEILER, Robert holds 200,000
WINDEPPA P/L holds 200,000
PERL, Jeffrey holds 200,000
DIRECTORS
HAZARIKA,
Ronen
Resident
overseas
BURNETT,
Karl
21 Bangalee
Pl
WINDSOR,
NSW 2234
RAWSON,
Colin
71 Eskdale
Rd
CAULFIELD
NORTH, VIC 3161
JENNINGS,
James Francis
4 Page St
WENTWORTHVILLE,
NSW 2145
PILGRAM,
Mark Alexander
14 Bolwarra
Cres
CASTLE HILL, NSW 2154
SECRETARY
SEDDON, Christine Jane
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS
53 Ostend St
LIDCOMBE, NSW 2141
TELEPHONE 0407 559 300
BANK
Not determined
EMPLOYEES
Not determined
BACKGROUND
The subject was incorporated in New South Wales on 3 February 2005 under the current style.
OPERATIONS
The subject is believed to operate in the import and distribution of grinding machinery for the mining industry.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the 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 Director, Mark Pilgram, he declined to provide or confirm any details pertaining to the subject for the current enquiry.
As a result, details relating to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, details pertaining to the subjects suppliers were not provided.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in New South Wales on 3 February 2005 under the current style.
During the current investigation, details pertaining to the subjects operating, trading and financial position
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%)