MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BISLEY & CO PTY. LIMITED |
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Registered Office : |
12, 821 Pacific Hwy, Chatswood, Nsw 2067 |
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Country : |
Australia |
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Date of Incorporation : |
19 July 1955 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distribution of minerals, metals, alloys and chemicals. |
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
BISLEY & CO PTY. LIMITED
ACN
000 158 305
ABN
58 000 158 305
INCORPORATED
19 July 1955
REGISTERED ADDRESS
12, 821 Pacific Hwy
CHATSWOOD, NSW 2067
SHARECAPITAL
$250,000
SHAREHOLDERS
BISLEY HOLDINGS P/L Holds 249,999 shares
OMAR HOLDINGS P/L Holds 1 share
DIRECTORS
BISLEY, Marion
224c Bobbin Head Rd
NORTH TURRAMURRA, NSW 2074
GRANVILLE, Nicholas Stanley
90 Grandview Dr
NEWPORT, NSW 2106
MCLEAN, Andrew Ross
49 Trafalgar Ave
LINDFIELD, NSW 2070
BISLEY, Margaret Jennifer
15 Bligh St
NORTHBRIDGE, NSW 2063
BELL, David George
49 Alice St
TURRAMURRA, NSW 2074
DENTON, Richard Norman
98 Prince Alfred Pde
NEWPORT, NSW 2106
SECRETARY
BELL, David George
49 Alice St
TURRAMURRA, NSW 2074
REG’D CHARGES
Registered Charge Number :
3587
Date Registered :
24.03.1971
Status :
Fixed and floating
Creditor :
Westpac Bank
BUSINESS STRUCTURE
TRADING ADDRESS
LEVEL 12, 821 Pacific Hwy
‘Zenith Centre’
CHATSWOOD, NSW 2067
TELEPHONE (612) 9413 1333
FACSIMILE (612) 9413 1319
HOLDING ENTITY
BISLEY HOLDINGS P/L
ULTIMATE HOLDING ENTITY
KARIKOW
HOLDINGS P/L
BANK
WESTPAC BANKING CORPORATION
Branch: Queen St
BRISBANE, QLD 4000
EMPLOYEES
30
BACKGROUND
The subject was incorporated in New South Wales on 19 July 1955 under
the current style as a new venture.
OPERATIONS
The subject operates in the distribution of minerals, metals, alloys and
chemicals to the following industries:
Aluminium
Steel
Foundrey
Construction
Refractory
Ceramics
Plastics and rubber
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the failed 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 interview conducted with the subjects accounts
manager, she confirmed the subjects search and operational details before
forwarding all queries pertaining to the subject to Finance Director David
Bell.
Contact with Mr Bell was unable to be established for the current
enquiry. It was advised that he is away on business and is not due to return
for at least 2 weeks.
Previous records reveal that the subject has been generating revenue of
more than $100 million per annum.
The subject maintains a financing facility with the Westpac Bank, which
is secured by a registered charge over certain fixed and floating assets of the
company.
Enquiries in trade quarters revealed satisfaction from one supplier
contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
(Manton Customs) Purchases range between $100,000 and $500,000 per month
on 7 day terms. Payment is met in 7 days and the account is considered good,
having been known over 20 years.
SUMMARY
The subject was incorporated in New South Wales on 19 July 1955 under
the current style as a new venture.
Details pertaining to the subject’s financial and trading position were
unable to be obtained for the current enquiry.
Previous records reveal that the subject has been generating revenue of
more than $100 million per annum.
Enquiries in trade quarters revealed satisfaction from one supplier
contacted in dealing with the subject on a credit basis.
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%)