MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROBOT TRADING CO PTY LTD |
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Registered Office : |
326 Ferntree Gully Rd, Clayton, Vic 3168 |
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Country : |
Australia |
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Date of Incorporation : |
26 October 1971 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distribution of building products |
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 : |
No Complaints |
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Litigation : |
Clear |
REGISTERED NAME
ROBOT TRADING CO PTY LTD
ACN
004 910 552
ABN
48 004 910 552
INCORPORATED
26 October 1971
REGISTERED ADDRESS
326 Ferntree Gully Rd
CLAYTON, VIC 3168
SHARECAPITAL
$2
SHAREHOLDERS
ROLEA ENGINEERING P/L Holds
1 share
CHAMBER HOLDINGS P/L Holds 1
share
DIRECTORS
HAYMOND, Lance
306 Harkaway Rd
HARKAWAY, VIC 3806
SECRETARY
HAYMOND, Lance
306 Harkaway Rd
HARKAWAY, VIC 3806
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS
326 Ferntree Gully Rd
CLAYTON, VIC 3168
POSTAL ADDRESS
PO Box 4097
MULGRAVE, VIC 3170
TELEPHONE (613)
9535 1700
BRANCHES
SUNSHINE, VIC
PRESTON, VIC
DROMOWA, VIC
BANK
NATIONAL AUSTRALIA BANK
EMPLOYEES
90
BACKGROUND
The subject was incorporated in Victoria on 26 October 1971 a Robot
Sales P/L, before adopting the current style on 3 July 1995.
Operations were established in1953 by the late Charles Hammond in a tin
shed after the war when Melbourne faced a shortage of building materials.
OPERATIONS
The subject operates in the distribution of building products including
metal roofing, cladding, wall panels, board products, structural steel, fiberglass
and polycarb sheeting, insulation, treated pine, rural fencing and rainwater
goods.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the records 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 subjects
were forwarded to Financial Controller Graham
Hammond. Contact with Mr Hammond was unable to be established for the
current enquiry.
Upon further chasing it was advised that he has been busy with work and
that he would be able to contact us on Friday 21 September 2007.
During a later interview conducted with Mr Hammond, he advised that for
the last financial year ended 30 June 2007, the subject traded profitably and
recorded revenue of $31,000,000.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address as well as the branches.
The subject maintains no overdraft facilities or external borrowings as
all operations are funded through the cashflows of the company.
Mr Hammond declined to release any further financial information as a
matter of strict company policy.
TRADE SURVEY
A Trade survey on the subject traced the following accounts:
Purchases average $150,000 per month on 30 day terms. Payment is met to
terms and the account is considered good having been known since 1988.
Nominated supplier is yet to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in Victoria on 26 October 1971 a Robot
Sales P/L, before adopting the current style on 3 July 1995.
Operations were established in1953 by the late Charles Hammond in a tin
shed after the war when Melbourne faced a shortage of building materials.
For the last financial year ended 30 June 2007, the subject traded
profitably and recorded revenue of $31,000,000.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address as well as the branches.
The subject maintains no overdraft facilities or external borrowings as
all operations are funded through the cashflows of the company.
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. |
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%)