MIRA
INFORM REPORT
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Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ART B C JEWELLERY PTY LTD |
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Registered Office : |
8, |
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Country : |
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Date of Incorporation : |
29 November 1982 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Operates in the import manufacture and wholesale of jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME GIVEN
SAM CAMPIONE
SPECIAL NOTE
During the current
investigation it was advised that the correct legal entity for the current
enquiry is ART B C Jewellery. Sam Campione is a director of this company
REGISTERED NAME
ART B C JEWELLERY PTY LTD
ACN
002 368 870
ABN
46 002 368 870
INCORPORATED
29 November 1982
REGISTERED ADDRESS
8,
FIVE DOCK, NSW 2046
SHARECAPITAL
$2
SHAREHOLDERS
CAMPIONE, Salvatore Holds 1 share
MCPHERON, Maria Holds 1 share
DIRECTORS
CAMPIONE, Maria
51 Wymston Pde
ABBOTSFORD, NSW
2046
CAMPIONE, Salvatore
51 Wymston Pde
ABBOTSFORD, NSW 2046
SECRETARY
MCPHERON, Maria
51 Wymston Pde
ABBOTSFORD, NSW
2046
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS
HABERFIELD, NSW 2045
TELEPHONE (612) 9798 3976
FACSIMILE (612) 9716 7979
BANK
COMMONWEALTH BANK OF
ST GEORGE BANK
EMPLOYEES
10
BACKGROUND
The subject was incorporated in
OPERATIONS
The subject operates in the import manufacture and wholesale of jewellery.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the of Credit Advantage Limited 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 Financial Controller, she confirmed the subjects search and operational details, however declined to provide any financial information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained during the current investigation.
TRADE SURVEY
During the current investigation, contact with the subjects principals was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.
SUMMARY
The subject was incorporated in
During the current investigation, details pertaining financial and trading position were unable to be obtained.
In view of the above the subject has been assigned with a rating of ‘NA 5’.
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%)