MIRA
INFORM REPORT
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Report Date : |
07.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALASIA
TEXTILES PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28 February 2000 |
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Legal Form : |
Proprietary Company, Limited By Shares |
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Line of Business : |
Believed the subject is an importer and distributor of
textiles. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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REGISTERED NAME: |
AUSTRALASIA
TEXTILES PTY LTD |
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AUSTRALIAN
COMPANY NUMBER: |
091 770 115 |
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AUSTRALIAN
BUSINESS NUMBER: |
47 091 770 115 |
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OPERATING
ADDRESS: |
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REGISTERED
ADDRESS: |
BALWYN, VIC 3103
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OTHER TRADING
NAMES: |
Nil |
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TELEPHONE
NUMBER: |
No listing |
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FAX NUMBER: |
Unknown |
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WEB SITE
ADDRESS: |
Unknown |
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DATE OF
INCORPORATION: |
28 February 2000 – Incorporated in |
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CHANGE OF NAME: |
Nil |
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PAID CAPITAL: |
$12 in $1 shares. |
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DIRECTORS: |
HANIF KASAM Overseas resident SAMINA
CADEKIWALA BALWYN, VIC 3103 BASHIR AHMED
CADEKIWALA BALWYN, VIC 3103 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
BASHIR AHMED
CADEKIWALA |
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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
Details pertaining to the nature of the subject’s operations have not been
ascertained at this time.
It is believed the subject is an importer and distributor of textiles.
Operations are believed to be 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: 091 770 115.
Paid capital $12 in 12 shares paid to $1 each.
Shares are held by:
SAMINA CADEKIWALA 6
BASHIR AHMED CADEKIWALA 6
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
HANIF KASAM was born on 1
October 1957 and was appointed to the board of directors on 23 November 2000.
SAMINA CADEKIWALA was born on 5
April 1966 and was appointed to the board of directors on 28 February 2000.
BASHIR AHMED
CADEKIWALA was born on 14 June 1955 and was appointed to the board of directors on
28 February 2000. He is also the Company Secretary, having been appointed to
this position on 28 February 2000.
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 the following inquiries in relation
to finance applications:
On 1 July 2003 to Esanda Dealership Vic for Hire Purchase for an amount
of $55,000.
Nothing further has been recorded.
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 the subject in May 2007, however
Telstra
Should you have further details that may assist with this enquiry please
advise and we will resume our enquiries.
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 $12 in 12 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.
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%)