MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
LEXUS
FOODS PTY LTD |
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Registered Office : |
1116/243
Pyrmont Street,, PYRMONT, NSW 2009 |
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Country : |
Australia |
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Date of Incorporation : |
02.06.2003 |
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Legal Form : |
Australian
Proprietary Company, Limited By Shares |
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Line of Business : |
Importer
of Vanilla Beans as well as other food products. |
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 : |
Small
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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REGISTERED NAME: |
LEXUS FOODS PTY LTD |
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AUSTRALIAN COMPANY NUMBER: |
104 274 473 |
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AUSTRALIAN BUSINESS NUMBER: |
41 104 274 473 |
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OPERATING ADDRESS: |
34/2-10
Quarry Master Drive, PYRMONT, NSW 2009 |
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REGISTERED ADDRESS: |
1116/243
Pyrmont Street, PYRMONT, NSW 2009 |
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OTHER TRADING NAMES: |
Nil |
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TELEPHONE NUMBER: |
(02)
0405 132 568 |
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WEB SITE ADDRESS: |
Nil |
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DATE OF INCORPORATION: |
2 June
2003 – Incorporated in New South Wales. |
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CHANGE OF NAME: |
Nil |
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PAID CAPITAL: |
$3 in
$1 shares. |
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DIRECTORS: |
ATUL SINDWANI Overseas
resident VIKAS MARWAHA The
Sienna, 16/14
Bunn Street, PYRMONT,
NSW 2009 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
Not
shown |
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AUDITORS: |
Not
shown |
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REGISTERED CHARGES: |
Nil |
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PAYMENTS: |
Refer TRADING |
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LEGAL ACTIONS / DEFAULTS: |
Nil |
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EMPLOYEES: |
3 |
PARENT COMPANY
NIL
ACTIVITIES
The subject is an importer of Vanilla Beans as well as other
food products.
The company imports from India, Dubai, Papua New Guinea and
the U.S.A.
Operations are conducted from premises situated at the
heading address.
The
subject employs 3 in activities.
HISTORY
The
subject was incorporated in New South Wales on 2 June 2003 as Lexus Foods Pty Ltd, being an
Australian Proprietary Company, Limited By Shares.
Australian
Company Number: 104 274 473.
Paid
capital $3 in 3 shares paid to $1 each.
Shares
are held by:
VIKAS
MARWAHA 2
ATUL
SINDWANI 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 been declined.
DIRECTORS
ATUL SINDWANI was born on 1 June 1976 and was appointed to
the board of directors on 2 June 2003.
VIKAS MARWAHA was born on 3 April 1976 and was appointed
to the board of directors on 2 June 2003. He is fully active in the day to day
operations of the company.
BANK
WESTPAC
BANKING CORPORATION
GEORGE
STREET,
SYDNEY, NSW 2000
The bank
does not hold a Registered Charge over company assets.
TRADING
Trade
references in relation to the subject could not be provided, it being stated
that as the subject is an importer, the company is not a seeker of local
commercial credit.
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
An
interview was conducted with Mr Vikas Marwaha, Director, in January 2007. At
this time he declined all information in relation to the subject’s activities,
trading and financial position, stating that if the name of the enquirer is
made known consideration would be given to providing the relevant details.
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 New South Wales on 2 June 2003 as Lexus Foods Pty Ltd, being an
Australian Proprietary Company, Limited By Shares.
Paid
capital $3 in 3 shares paid to $1 each.
The subject is an importer of Vanilla Beans as well as other
food products.
Full details in relation to the company have
been declined. 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
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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/normal. |
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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