MIRA
INFORM REPORT
|
Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
TERACAST
PTY LTD |
|
|
|
|
Formerly Known as: |
ARGAWALLA
INTERNATIONAL PTY LTD |
|
|
|
|
Registered Office : |
Level
1, 2072 Logan Road, Upper Mount Gravatt, Qld 4122 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
08.11.1996 |
|
|
|
|
Com. Reg. No.: |
076
313 374 |
|
|
|
|
Legal Form : |
Australian
Proprietary Company, Limited By Shares. |
|
|
|
|
Line of Business : |
Importer
and Wholesaler of diamonds and jewellery. |
RATING & COMMENTS
|
MIRA’s Rating : |
NR (No
Rating) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have
no basis upon which to recommend credit dealings |
No Rating |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
|
REGISTERED NAME: |
TERACAST PTY LTD Trading as: Amity Imports |
|
|
|
|
AUSTRALIAN COMPANY NUMBER: |
076 313 374 |
|
|
|
|
AUSTRALIAN BUSINESS NUMBER: |
61 076 313 374 |
|
|
|
|
OPERATING ADDRESS: |
Level
1, 2072
Logan Road, UPPER MOUNT GRAVATT, QLD 4122 |
|
|
|
|
REGISTERED ADDRESS: |
Level
1, 2072
Logan Road, UPPER MOUNT GRAVATT, QLD 4122 |
|
|
|
|
OTHER TRADING NAMES: |
Amity
Imports |
|
|
|
|
TELEPHONE NUMBER: |
No
Listing |
|
|
|
|
FAX NUMBER: |
Unknown |
|
|
|
|
WEB SITE ADDRESS: |
Unknown |
|
|
|
|
DATE OF INCORPORATION: |
8 November
1996 – Incorporated in Queensland.
|
|
|
|
|
CHANGE OF NAME: |
25 May
2000 - To present name. |
|
|
|
|
PAID CAPITAL: |
$2 in
$1 shares. |
|
|
|
|
DIRECTORS: |
MANISH AGARWAL 51
Conda Place, CARINDALE,
QLD 4152 SHWETA SHARMILA AGARWAL 51
Conda Place, CARINDALE,
QLD 4152 |
|
|
|
|
SHAREHOLDERS: |
Refer HISTORY |
|
|
|
|
SECRETARY: |
MANISH AGARWAL |
|
|
|
|
AUDITORS: |
Not
shown |
|
|
|
|
REGISTERED CHARGES: |
Refer REGISTERED CHARGES |
|
|
|
|
PAYMENTS: |
Refer TRADING |
|
|
|
|
LEGAL ACTIONS / DEFAULTS: |
Nil |
|
|
|
|
EMPLOYEES: |
The
number of employees have not been ascertained. |
PARENT COMPANY
NIL
ACTIVITIES
The
subject trades under the style, Amity
Imports, being an importer and wholesaler of diamonds and jewellery.
Operations are believed to be conducted from premises
situated at the heading address.
The
number of employees have not been ascertained.
HISTORY
The subject
was incorporated in Queensland on 8 November 1996 as Argawalla International Pty Ltd, adopting the present name on 25
May 2000, being an Australian Proprietary Company, Limited By Shares.
Australian
Company Number: 076 313 374.
Paid
capital $2 in 2 shares paid to $1 each.
Shares
are held by:
MANISH
AGARWAL 1
SHWETA
AGARWAL 1
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.
Trading
style, Amity Imports, was registered
in Queensland on 26 September 2006 with the subject as the proprietor company.
Operations commenced on 26 September 2006, Registered Number: BN20040428. The
business name is due for renewal on 26 September 2009.
DIRECTORS
MANISH AGARWAL was born on 14 July 1972 and was appointed
to the board of directors on 8 November 1996. He is also the Company Secretary,
having been appointed to this position on 22 September 1999.
SHWETA SHARMILA AGARWAL was born on 21 August 1974 and
was appointed to the board of directors on 14 June 2002.
BANK
SUNCORP
METWAY
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 the following inquiries in relation to finance applications:
Nothing
has been recorded to date in 2007.
On 5
December 2006 to Suncorp Leasing for Bill Of Sale for an amount of $103,000.
On 6
July 2006 to Suncorp Leasing for Bill Of Sale for an amount of $56,434.
On 20
March 2006 to Retail Decision New Accounts for Credit Card for an amount of
$1,000.
On 28
February 2006 to Suncorp Leasing for Bill Of Sale for an amount of $49,000.
On 14
July 2004 to Suncorp Leasing for Bill Of Sale for an amount of $51,000.
REGISTERED CHARGES
The
following Registered Charges have been recorded over the subject’s assets:
On 19
December 2006, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1393543.
On 1 August
2006, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1332311.
On 17
March 2006, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1278113.
On 27
August 2004, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1076444.
On 30
July 2004, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1067176.
On 15
March 2004, Fixed Charge to Suncorp Metway Adv, ASIC Charge No. 1027783.
Should you require further details in
relation to the above Charges a Registered Charge Search can be
undertaken.
RECORDED ACTIONS
Nothing
of an adverse nature has been recorded against the subject.
INVESTIGATION
Attempts
have been made to contact a principal from the subject in February 2007,
however Telstra Australia have advised there is no telephone listing in the
subject’s name or that of the business.
Should
you have further details that may assist with this enquiry, please advise and
we will resume our enquiries.
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 Queensland on 8 November 1996 as Argawalla International Pty Ltd,
adopting the present name on 25 May 2000, being an Australian Proprietary
Company, Limited By Shares.
Paid
capital $2 in 2 shares paid to $1 each.
The
subject trades under the style, Amity
Imports, being an importer and wholesaler of diamonds and jewellery.
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 |
|