MIRA
INFORM REPORT
|
Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
MONT ADVENTURE EQUIPMENT PTY LTD |
|
|
|
|
Registered Office : |
6, 11 National Cct,
Barton, Act 2600 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15 August 1975 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Operates in the design and distribution of sporting clothes, sleeping bags, backpacks and accessories. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
REGISTERED NAME
MONT ADVENTURE EQUIPMENT PTY LTD
INCORPORATED
15 August 1975
REGISTERED ADDRESS
6, 11 National Cct
BARTON, ACT 2600
SHARECAPITAL
$3
SHAREHOLDERS
MONTGOMERY, Andrew Holds
132 shares
The Wilderness Shop Holds
104 shares
EDWARDS, David Holds
19 shares
DAVIES, Stephen Graham Holds
5 shares
DIRECTORS
EDWARDS, David
RANDA, ACT 2614
BLUNDY, Neil Andrew
BOX HILL, VIC 3128
MONTGOMERY, Andrew
NARRABUNDAH, ACT 2604
SECRETARY
MONTGOMERY, Andrew
NARRABUNDAH, ACT 2604
REGISTERED CHARGES
Registered Charge Number : 1422997
Date Registered : 02.03.2007
Status : Fixed
Creditor : National
Australia Bank
Registered Charge Number : 1246038
Date Registered : 21.12.2005
Status : Fixed
Creditor : National
Australia Bank
Registered Charge Number : 473505
Date Registered : 06.01.1995
Status : Fixed
and floating
Creditor : National
Australia Bank
BUSINESS STRUCTURE
TRADING ADDRESS
FYSWICK, ACT 2609
TELEPHONE (612) 6162 0900
FACSIMILE (612)
BANK
NATIONAL AUSTRALIA BANK
EMPLOYEES
9
BACKGROUND
The subject was incorporated in
The subject was conceived in
OPERATIONS
The subject operates in the design and distribution of sporting clothes, sleeping bags, backpacks and accessories.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the of Credit Advantage Limited on 24 July 2007 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 investigation, all queries pertaining to the subject were forwarded to Directors Andrew Montgomery and David Edwards. They are presently overseas on business and are not due to return until the middle of next week.
As a result, details pertaining to the subjects financial and trading position were unable to be obtained for the current enquiry.
Please note, we will attempt to contact the principals next week. Should contact be established and further information forthcoming, this report will be updated and forwarded to your office.
TRADE SURVEY
During the current investigation, contact with the subjects 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 incorporated in
The subject was conceived in
During the current investigation, details pertaining to the subject’s financial and trading position were unable to be obtained.
Please note, we will attempt to contact the principals next week. Should contact be established and further information forthcoming, this report will be updated and forwarded to your office.
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 |
|
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%)