MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
INDYA FOOD PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19 April 2006 |
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Legal Form : |
Proprietary Company, Limited By Shares |
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Line of Business : |
Believed to be a food importer from |
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/normal. |
Small |
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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: |
INDYA FOOD PTY
LTD |
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AUSTRALIAN
COMPANY NUMBER: |
119 324 382 |
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AUSTRALIAN
BUSINESS NUMBER: |
64 119 324 382 |
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OPERATING
ADDRESS: |
SPRINGVALE, VIC
3171 |
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REGISTERED
ADDRESS: |
GLEN HUNTLEY,
VIC 3163 |
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OTHER TRADING
NAMES: |
Nil |
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TELEPHONE
NUMBER: |
(03) 9548 1122 |
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WEB SITE
ADDRESS: |
Nil |
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DATE OF
INCORPORATION: |
19 April 2006 – Incorporated in |
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CHANGE OF NAME: |
Nil |
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PAID CAPITAL: |
$1,000 in $1 shares. |
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DIRECTORS: |
MURALI
METLAPALLI GLEN VENKATA SURESH
KONDURU ALTONA MEADOWS, VIC 3028 SALOMANN RAJU
KAKUMANU GLEN |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
MURALA
METLAPALLI |
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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: |
The number of employees have not been ascertained. |
PARENT COMPANY
NIL
ACTIVITIES
The subject is believed to be a food importer from
Details pertaining to the nature of the subject’s operations have not
been ascertained at this time.
Operations are conducted from premises situated at the heading address.
The number of employees have not been ascertained.
HISTORY
The subject was incorporated in
Australian Company Number: 119 324 382.
Paid capital $1,000 in 1,000 shares paid to $1 each.
Shares are held by:
MURALI METLAPALLI 400
VENKATA SURESH KONDURU 400
SALOMAN RAJU KAKUMANU 400
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.
DIRECTORS
MURALI METLAPALLI was born on 20 February
1969 and was appointed to the board of directors on 19 April 2006. He is active
in the day to day operations of the company. He is also the Company Secretary,
having been appointed to this position on 19 April 2006.
VENKATA SURESH
KONDURU was born on 15 August 1965 and was appointed to the board of directors
on 19 April 2006.
SALOMAN RAJU
KAKUMANU was born on 5 January 1960 and was appointed to the board of directors
on 19 April 2006.
BANK
Details pertaining to the subject’s banking facilities have not been
ascertained.
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 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
Attempts have been made to contact a principal from the subject in June
2007, however on each occasion it has been advised they are unavailable for
interview.
Messages have been left requesting they contact this office, however to
date a reply has not been received.
Should additional information come to hand this will be sent to you as
an addendum to this report.
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
Paid capital $1,000 in 1,000 shares paid to $1 each.
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.
It is noted the
subject was only incorporated just over 12 months ago.
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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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%)