MIRA
INFORM REPORT
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Report Date : |
16.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
LOUMBOS PTY LTD |
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Registered Office : |
68-72 Kingsgrove Road, Belmore, NSW 2192 |
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Country : |
Australia |
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Date of Incorporation : |
23 September 1974 |
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Legal Form : |
Proprietary Company, Limited By Shares |
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Line of Business : |
Processor and exporter of waste paper and undertakes waste paper
recycling. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REGISTERED NAME: |
LOUMBOS PTY LTD |
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AUSTRALIAN
COMPANY NUMBER: |
001 258 073 |
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AUSTRALIAN
BUSINESS NUMBER: |
95 001 258 073 |
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OPERATING
ADDRESS: |
68-72 Kingsgrove Road, BELMORE, NSW
2192 |
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REGISTERED
ADDRESS: |
“The Galeries Podium”, Level 1, 500 George Street, SYDNEY, NSW 2000 |
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OTHER TRADING
NAMES: |
Nil |
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TELEPHONE
NUMBER: |
(02) 9784 8600 |
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WEB SITE
ADDRESS: |
www.loumbos.com.au |
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DATE OF
INCORPORATION: |
23 September 1974 – Incorporated in New South Wales. |
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CHANGE OF NAME: |
27 May 1977 – To present name. |
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PAID CAPITAL: |
$10,000 in $1 shares. |
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DIRECTORS: |
VALENTINE JOHN
LOUMBOS 4 Ferry Street, HUNTERS HILL, NSW 2110 LINDA LOUMBOS 4 Ferry Street, HUNTERS HILL, NSW 2110 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARIES: |
LINDA LOUMBOS VALENTINE JOHN
LOUMBOS |
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AUDITORS: |
BDO NELSON PARKHILL, Level 23, 2 Market Street, SYDNEY, NSW 2000 |
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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: |
Varies |
PARENT COMPANY
NIL
ACTIVITIES
The subject is a processor and exporter of waste paper and undertakes
waste paper recycling.
Loumbos has been in the paper recycling business for over 35 years, pioneering many of today's services and recycling markets domestically and overseas.
Loumbos provides a secure destruction service for confidential documents & high volume industrial waste removal and treats all of these with modern technologies & conservation awareness.
Loumbos has suitable equipment to suit every office
and industrial wastepaper collection requirement.
Loumbos will study the clients special collection
requirements and supply collection and storage equipment to meet those needs
including:
For collection from business offices
I.
lockable silo bins holding
50-90 kilos of wastepaper
II.
under desk boxes
For collection from factory and printing companies
I.
cages
II.
Loumbos Rotary Compactor
III.
stationery Compactor
IV.
custom built ducting
V.
Loumbos Bin compactor
system
Operations are conducted from premises situated at the heading address.
The company does not have any branches.
It was previously stated that the number of employees vary.
HISTORY
The subject was incorporated in New South Wales on 23 September 1974 as G V T Loumbos Pty Ltd, adopting the
present name on 27 May 1977, being an Australian Proprietary Company, Limited
By Shares.
Australian Company Number: 001
258 073.
Paid capital $10,000.
Share Structure
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Class: A 012
580 7A
CLASS A SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued :
1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: B 012 580
7A
CLASS B SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: C 012 580
7A
CLASS C SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: D 012 580
7A
CLASS D SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: E 012 580
7A
CLASS E SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share :
0.00
Class: F 012 580
7A
CLASS F SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: G 012 580
7A
CLASS G SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: H 012 580 7A
CLASS H SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account :
0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: I 012 580
7A
CLASS I SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Class: J 012 580 7A
CLASS J SHARES (AR (AR )
Number of Shares Issued : 1000
Total Nominal Value : 0.00
Face Value per Share : 0.00
Total Paid on Shares Issued : 1000.00
Total Unpaid on Shares Issued : 0.00
Total Paid on Premiums : 0.00
Balance of Share Premium Account : 0.00
Number of Shares Entitled to : 0
Average Exercised Price per Share : 0.00
Share Holders
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Class : A No.
Held : 775
012 580 7A
Beneficially Held : YES Paid : FULLY (AR
(AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : A No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : B No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : B No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : C No.
Held: 775
012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : C No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : D No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : D No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : E No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : E No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : F No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : F No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : G No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : G No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : H No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : H No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : I No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : I No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : J No.
Held: 775 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
VALENTINE JOHN LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
Class : J No.
Held: 225 012 580 7A
Beneficially Held : YES Paid : FULLY (AR (AR )
LINDA LOUMBOS
4 FERRY STREET HUNTERS HILL NSW 2110
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 1974.
DIRECTORS
VALENTINE JOHN
LOUMBOS was born in Bucharest, Romania on 27 October 1945 and was appointed to
the board of directors on 6 December 1974. He is fully active in the day to day
operations of the company. He is also the joint Company Secretary, having been
appointed to this position on 6 December 1974. He has had many years experience
in his field of activity.
LINDA LOUMBOS was born in Lake
Munmorah, NSW on 20 June 1950 and was appointed to the board of directors on 1
December 1977. She is also the joint Company Secretary, having been appointed
to this position on 1 December 1977.
BANK
NATIONAL AUSTRALIA BANK LIMITED
MARRICKVILLE DISTRICT COMMERCIAL BRANCH,
MARRICKVILLE, NSW
2204
The bank holds 13 Registered Charges over company assets. Please refer
to the REGISTERED CHARGE section for
details.
TRADING
Current trade references have not been ascertained.
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 the following inquiries in relation
to finance applications:
Nothing has been recorded to date in 2007 or during 2006 and 2005.
On 12 November 2004 to Shell Vic Commercial Section for Credit Card for
an amount of $1,500.
On 26 October 2004 to Macquarie CFL Comm Lease NSW for Hire Purchase for
an amount of $550,000.
On 27 April 2004 to Retail Decision New Accounts for Credit Card for an
amount of $500.
On 23 June 2003 to American Express New Accounts NSW for Credit Card.
On 13 March 2002 to S.E. Rentals Pty Ltd for Leasing.
REGISTERED CHARGES
The following Registered Charges have been recorded over the subject’s
assets:
ASC Charge No. : 523169
Status : REGISTERED
Date and Time Registered : 10/01/1996 09:30
Fixed/floating : Both
Date Created : 22/12/1995
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
10/01/1996 YES 39 009 565 925
DETAILS OF A CHARGE
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ASC Charge No. : 1069659
Status : REGISTERED
Date and Time Registered : 06/08/2004 14:05
Fixed/floating : Fixed
Date Created : 12/07/2004
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
06/08/2004 YES 27 020 163 680
DETAILS OF A CHARGE
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ASC Charge No. : 1135065
Status : REGISTERED
Date and Time Registered : 28/02/2005 10:25
Fixed/floating : Fixed
Date Created : 10/02/2005
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
28/02/2005 YES 13 021 165 625
DETAILS OF A CHARGE
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ASC Charge No. : 1138002
Status : REGISTERED
Date and Time Registered : 09/03/2005 10:05
Fixed/floating : Fixed
Date Created : 18/02/2005
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
09/03/2005 YES 16 021 163 159
DETAILS OF A CHARGE
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ASC Charge No. : 1138003 Status : REGISTERED
Date and Time Registered : 09/03/2005 10:06
Fixed/floating : Fixed
Date Created : 18/02/2005
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
09/03/2005 YES 33 021 163 160
DETAILS OF A CHARGE
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ASC Charge No. : 1233056
Status : REGISTERED
Date and Time Registered : 18/11/2005 10:51
Fixed/floating : Fixed
Date Created : 08/11/2005
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
18/11/2005 YES 13 021 375 630
DETAILS OF A CHARGE
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ASC Charge No. : 1330552
Status : REGISTERED
Date and Time Registered : 26/07/2006 14:29
Fixed/floating : Fixed
Date Created : 06/07/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
26/07/2006 YES 16 022 901 904
DETAILS OF A CHARGE
-------------------------------------------------------------------------------
ASC Charge No. : 1330553
Status : REGISTERED
Date and Time Registered : 26/07/2006 14:29
Fixed/floating : Fixed
Date Created : 18/07/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
26/07/2006 YES 15 022 901 905
DETAILS OF A CHARGE
-------------------------------------------------------------------------------
ASC Charge No. : 1330554
Status : REGISTERED
Date and Time Registered : 26/07/2006 14:28
Fixed/floating : Fixed
Date Created : 04/07/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
26/07/2006 YES 15 022 901 906
DETAILS OF A CHARGE
-------------------------------------------------------------------------------
ASC Charge No. : 1372100
Status : REGISTERED
Date and Time Registered : 31/10/2006 11:45
Fixed/floating : Fixed
Date Created : 23/10/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
31/10/2006 YES 15 023 359 462
DETAILS OF A CHARGE
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ASC Charge No. : 1376050
Status : REGISTERED
Date and Time Registered : 10/11/2006 11:27
Fixed/floating : Fixed
Date Created : 02/11/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
10/11/2006 YES 15 022 896 922
DETAILS OF A CHARGE
-------------------------------------------------------------------------------
ASC Charge No. : 1386025 Status : REGISTERED
Date and Time Registered : 04/12/2006 11:07
Fixed/floating : Fixed
Date Created : 24/11/2006
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
04/12/2006 YES 15 023 349 767
DETAILS OF A CHARGE
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ASC Charge No. : 1417409
Status : REGISTERED
Date and Time Registered : 15/02/2007 13:53
Fixed/floating : Fixed
Date Created : 02/02/2007
Chargee/trustee : 004 044 937 NATIONAL AUSTRALIA BANK LIMITED
DOCUMENTS RECEIVED
FORM
DESCRIPTION
DATE PROC'D NO. DOCUMENT NO
TYPE LODGED PAGES
309
NOTIFICATION OF
15/02/2007 YES 15 023 367 589
DETAILS OF A CHARGE
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 March
2007, however on each occasion it has been advised she is unavailable for
interview.
Messages have been left requesting she 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.
An interview was conducted with the Financial Controller in February
2006. At that time he confirmed operational and trading details, however declined
all 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 New South Wales on 23 September 1974 as G V T Loumbos Pty Ltd, adopting the
present name on 27 May 1977, being an Australian Proprietary Company, Limited
By Shares.
Paid capital $10,000.
The subject is a processor and exporter of waste paper and undertakes
waste paper recycling.
RATING
EXPLANATIONS
|
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 |
|
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 |
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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%)