MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BERJAK NOMINEES (VIC.) PTY LTD |
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Registered Office : |
240 Bay Street, Brighton, VIC 3186 |
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Country : |
Australia |
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Date of Incorporation : |
14 May 1981 |
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Legal Form : |
Proprietary Company, Limited By Shares |
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Line of Business : |
Traders in Minerals, Steel, Semis, Reusables, Non Ferrous,
Semis, Drosses and Scrap. |
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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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REGISTERED NAME: |
BERJAK NOMINEES
(VIC.) PTY LTD TRADING AS:
Berjak & Partners |
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AUSTRALIAN
COMPANY NUMBER: |
005 829 863 |
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AUSTRALIAN BUSINESS
NUMBER: |
Not on data base
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OPERATING
ADDRESS: |
240 Bay Street, BRIGHTON, VIC
3186 |
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REGISTERED
ADDRESS: |
240 Bay Street, BRIGHTON, VIC
3186 |
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OTHER TRADING
NAMES: |
Berjak & Partners |
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TELEPHONE
NUMBER: |
(03) 9596 6999 |
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FAX NUMBER: |
(03) 9596 8024 |
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WEB SITE
ADDRESS: |
www.berjak.com.au |
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DATE OF
INCORPORATION: |
14 May 1981 – Incorporated in Victoria. |
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CHANGE OF NAME: |
25 June 1981 - To present name. |
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PAID CAPITAL: |
$2 in $1 shares. |
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DIRECTORS: |
JEREMY BENJAMIN
RICH 10 Watts Parade, MOUNT ELIZA, VIC 3930 SIMON CHARLES
RICH 10 Watts Parade, MOUNT ELIZA, VIC 3930 ADAM JOSHUA RICH 10 Watts Parade, MOUNT ELIZA, VIC 3930 JACQUES RICH 10 Watts Parade, MOUNT ELIZA, VIC 3930 SUSAN JANET RICH 10 Watts Parade, MOUNT ELIZA, VIC 3930 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
JACQUES
RICH |
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AUDITORS: |
Not shown |
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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 been declined. |
PARENT COMPANY
NIL
ACTIVITIES
The subject trades under the style, Berjak
& Partners.
Berjak was founded in Melbourne, Australia in 1954 trading as Berjak Australia Pty Ltd, now trading as Berjak & Partners .
Berjak are active traders in Minerals, Steel, Semis, Reusables, Non Ferrous,
Semis, Drosses and Scrap from Australasia, Oceania, South and S E Asia, Middle
East, Europe and South Africa.
The Directors and the Company are members of the Victorian Chamber of Commerce
and Industry and the French Chamber of Commerce.
Operations are conducted from premises situated at the heading address.
The company does not have any branches.
The number of employees have been declined.
HISTORY
The subject was incorporated in Victoria on 14 May 1981 as One Hundred And Seventh Nominees Pty Ltd,
adopting the present name on 25 June 1981, being an Australian Proprietary
Company, Limited By Shares.
Australian Company Number: 005 829 863.
Paid capital $2 in 2 shares paid to $1 each.
Shares are held by:
SUSAN JANET RICH 1
JACQUES RICH 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.
Operations of the company were commenced in 1954.
Trading style, Berjak &
Partners, was registered in Victoria on 11 February 1967 with the subject
company being appointed as the proprietor on 24 June 1981. Registered Number:
0233043G.
The business name is due for renewal on 17 February 2009.
DIRECTORS
JEREMY BENJAMIN
RICH was born on 15 March 1974 and was appointed to the board of directors on
31 January 2003.
SIMON CHARLES RICH
was
born on 20 April 1970 and was appointed to the board of directors on 30 July
1991.
ADAM JOSHUA RICH was born on 1
November 1971 and was appointed to the board of directors on 30 July 1991.
JACQUES RICH was born on 5
March 1928 and was appointed to the board of directors on 14 May 1981. He is
also the Company Secretary, having been appointed to this position on 14 May
1981.
SUSAN JANET RICH was born on 18
August 1941 and was appointed to the board of directors on 14 May 1981.
BANK
NATIONAL AUSTRALIA BANK LIMITED
MOORABBIN, VIC
3189
The bank holds two Registered Charges over company assets. Please refer
to the REGISTERED CHARGE section for
details.
TRADING
Trade references in relation to the subject have been declined.
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
The following Registered Charges have been recorded over the subject’s
assets:
On 25 September 2006, Fixed and Floating Charge to National Australia
Bank Limited, ASIC Charge No. 1359009.
On 25 September 2006, Fixed and Floating Charge to National Australia
Bank Limited, ASIC Charge No. 1359007.
RECORDED ACTIONS
Nothing of an adverse nature has been recorded against the subject.
INVESTIGATION
An interview was conducted with a spokesperson from the subject in March
2007. At this time he confirmed operational details, however declined all
trading and financial information as a matter of company policy.
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 Victoria on 14 May 1981 as One Hundred And Seventh Nominees Pty Ltd,
adopting the present name on 25 June 1981, being an Australian Proprietary
Company, Limited By Shares.
Paid capital $2 in 2 shares paid to $1 each.
The subject trades under the style, Berjak
& Partners.
Berjak are active traders in Minerals, Steel, Semis, Reusables, Non Ferrous, Semis, Drosses and Scrap from Australasia, Oceania, South and S E Asia, Middle East, Europe and South Africa.
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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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%)