MIRA
INFORM REPORT
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Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SEAB AUSTRALIA |
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Registered Office : |
22/39 Great Western Highway,Parramatta, Nsw 2150 |
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Country : |
Australia |
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Date of Incorporation : |
28.03.2002 |
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Com. Reg. No.: |
BN97882543 |
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Legal Form : |
Sole Proprietor |
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Line of Business : |
Operate as consultants in financial matters. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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REGISTERED NAME: |
SEAB AUSTRALIA |
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REGISTERED
NUMBER: |
BN97882543 |
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AUSTRALIAN
BUSINESS NUMBER: |
Not on data base
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OPERATING
ADDRESS: |
22/39 Great Western Highway, PARRAMATTA, NSW
2150 |
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REGISTERED
ADDRESS: |
22/39 Great Western Highway, PARRAMATTA, NSW
2150 |
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OTHER TRADING
NAMES: |
Nil |
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TELEPHONE
NUMBER: |
0425 362 744 – Mobile |
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FAX NUMBER: |
Unknown |
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WEB SITE
ADDRESS: |
Unknown |
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DATE OF
REGISTRATION: |
28 March 2002 – Registered in New South Wales. |
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PROPRIETOR: |
RAVINDRA SINGH 22/39 Great Western Highway, PARRAMATTA, NSW 2150 |
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REGISTERED
CHARGES: |
Refer REGISTERED CHARGES |
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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. |
ACTIVITIES
The subject is shown to operate as consultants in financial matters.
Full details pertaining to the nature of the subject’s operations have
not been ascertained at this time.
Operations are believed conducted from premises situated at
the heading address.
The number of employees have not been ascertained.
HISTORY
Trading style, SEAB Australia,
was registered in New South Wales on 28 March 2002 with Rivindra Singh as the
sole proprietor. Operations commenced on 28 March 2002, Registered Number: BN97882543.
Details pertaining to the business history and antecedent information on
the proprietor have not been ascertained.
PROPRIETOR
RAVINDRA SINGH was admitted to
the business on 28 March 2002. He is believed to be fully active in the day to
day operations of the subject.
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
disclose the following inquiries in relation
to finance applications:
On 16 December 2005 to American Express New Accounts NSW for Credit
Card.
Nothing further has been recorded.
REGISTERED CHARGES
A Bill of Sale Search has not been undertaken and it is not known
whether any of the subject’s assets are secured by Hire Purchase Agreement,
Mortgage or any other similar such securities.
RECORDED ACTIONS
Nothing of an adverse nature has been recorded against the subject.
INVESTIGATION
A number of attempts have been made to contact the subject in March
2007, however the mobile telephone number is switched off.
Should further information subsequently 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
Trading style, SEAB Australia,
was registered in New South Wales on 28 March 2002 with Rivindra Singh as the
sole proprietor. Operations commenced on 28 March 2002, Registered Number:
BN97882543.
The subject is shown to operate as consultants in financial matters.
Details in
relation to the business 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. The subject would appear to be a very small
business operation.
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%)