MIRA
INFORM REPORT
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Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
OAKMOORE PTY LTD |
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Registered Office : |
84 Evans Road, 4107 Salisbury QLD 4107 |
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Country : |
Australia |
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Date of Incorporation : |
18.05.1992 |
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Legal Form : |
Private Limited |
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Line of Business : |
EGR
Automotive – Design and manufacture of thermoformed automotive parts
including body kits, spoilers, headlight guards and real wheel covers. |
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 |
CORPORATE REPORT
REGISTERED NAME OAKMOORE PTY LTD
T/AS
THE EGR GROUP
ACN: 056 159 570
ABN: 13 056 159 570
CORPORATE SEARCH
INCORPORATED 18
May 1992
REGISTERED ADDRESS 84
Evans Rd
SALISBURY,
QLD 4107
SHARECAPITAL $216,406
SHAREHOLDERS CYCLAMEN
SERVICES P/L Holds
216,406
DIRECTORS HORWILL, Gregory
Miles
2
Sunset Rd
KENMORE,
QLD 4069
HORWILL,
Rodney Edward
9
McMullen Rd
BROOKFIELD, QLD 4069
SECRETARY HORWILL,
Rodney Edward
9
McMullen Rd
BROOKFIELD,
QLD 4069
REGISTERED
CHARGES Registered Charge Number :
777256
Date
Registered : 01.12.2000
Status : Fixed
and floating
Creditor : National
Australia Bank
Registered Charge Number : 702083
Date
Registered : 01.07.1999
Status :
floating
Creditor : National
Australia Bank
Registered Charge Number : 570293
Date
Registered : 10.12.1996
Status : Fixed
Creditor : National Australia Bank
Registered Charge Number : 552663
Date
Registered : 12.08.1996
Status : Fixed
Creditor : Suncorp
Finance
Registered Charge Number : 541876
Date
Registered : 05.06.1996
Status : Fixed
Creditor : Suncorp
Finance
Registered Charge Number : 530695
Date
Registered : 12.03.1996
Status : Fixed
Creditor : Suncorp
Finance
BUSINESS STRUCTURE
TRADING ADDRESS 84 Evans Rd
SALISBURY,
QLD 4107
TELEPHONE (617) 3277 7999
FACSIMILE (617)
3277 8054
HOLDING ENTITY CYCLAMEN SERVICES P/L
TRADING STYLE EGR GROUP
WEBSITE WWW.EGRGROUP.COM
BRANCHES SOUTH
YARRA, VIC 3141
ST
LEONARDS, NSW 2065
BANK NATIONAL
AUSTRALIA BANK
Branch:
Acacia Ridge, QLD
EMPLOYEES 1,000
BACKGROUND
The subject was incorporated in Queensland on 18 May 1992 under the
current style.
Operations were founded as a new venture on 1973.
OPERATIONS
The subject
operates in 4 major trading divisions:
i. EGR Automotive – Design and manufacture
of thermoformed automotive parts including body kits, spoilers, headlight
guards and real wheel covers.
ii. EGR Display – Manufacture of point of
purchase display equipment.
iii. EGR Industrial – Manufacture of
thermoformed packaging and materials handling supplies
iv. EGR Extrusions – Rigid plastic sheeting.
ADVERSE
A search of the of Credit Advantage Limited on 29 October 2007 traced
the following litigation listed against the subject at that date.
Default Report Listing
Account
Number : 25204
Account
Type : 30 day account
Member : E-Steel 9Aust) P/L
Date : 26.02.2003
Amount : $13,932
Reason : Payment default
Assoc Code : Company’s Account
Status : Settled 03.03.2003
FINANCES
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current interview conducted with the subjects Financial Controller,
Simon McKellan, he advised that on annual basis the subject has been trading
profitably and generated revenue in the order of $150,000,000 for the last
financial year.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
Further financial information pertaining to the subject was not provided
as a matter of company policy.
TRADE SURVEY
A
trade survey on the subject traced the following accounts:
1. Nominated
supplier failed to respond to correspondence despite chasing.
2. Nominated
supplier failed to respond to correspondence despite chasing.
3. Purchases are of
an undisclosed amount per month on 30 day terms. Payment is met to terms and
the account is considered satisfactory
SUMMARY
The subject was incorporated in Queensland on 18 May 1992 under the
current style.
Operations were founded as a new venture on 1973.
On annual basis the subject has been trading profitably and generated
revenue in the order of $150,000,000 for the last financial year.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
The information
contained in this report is strictly confidential and has been compiled to
assist in making a commercial credit decision. Whilst every care has been taken
in compiling this report, Complete Corporate Reporting Pty Ltd shall not be
liable for any claim, loss, injury or damage suffered by the recording of
incorrect, incomplete, inaccurate or out of date information. This report
should not be used as the sole basis for a business decision.
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%)