MIRA INFORM REPORT

 

 

Report Date :

03.09.2007

 

IDENTIFICATION DETAILS

 

Name :

OMNIA AUSTRALIA PTY LTD

 

 

Registered Office :

311 Long St, Graceville, QLD 4075

 

 

Country :

Australia

 

 

Date of Incorporation :

4 August 1999

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Import and wholesale distribution of loose diamonds and jewellery.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

REGISTERED NAME

 

OMNIA AUSTRALIA PTY LTD

 

 

ACN

 

088 959 380

 

 

ABN

 

14 088 959 380

 

 

 

INCORPORATED      

 

4 August 1999

 

 

REGISTERED ADDRESS

 

311 Long St

GRACEVILLE, QLD 4075

 

 

SHARECAPITAL

 

$3                    

 

 

SHAREHOLDERS     

 

ALLEN, Margaret Ann                Holds 3 shares

 

 

DIRECTORS  

 

ALLEN, Margaret Ann

311 Long St

GRACEVILLE, QLD 4075

 

                                                           

SECRETARY 

 

ALLEN, Margaret Ann

311 Long St

GRACEVILLE, QLD 4075

 

           

REGISTERED CHARGES

 

None on record

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS    

Suite 9, level 10

141 Queen St

BRISBANE, QLD 4000

TELEPHONE                 (617) 3211 7887

FACSIMILE                   (617) 3211 7885

 

 

BANK

 

COMMONWEALTH BANK OF AUSTRALIA        

 

                                               

EMPLOYEES

 

5

 

           

BACKGROUND

 

The subject was incorporated in Queensland on 4 August 1999 under the current style.

 

Operations were founded as a new venture in 2000.

 

                                                                       

OPERATIONS

 

The subject operates in the import and wholesale distribution of loose diamonds and jewellery.

 

Activities are conducted from leased 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, he advised that for the last financial year ended 30 June 2007, the subject traded profitably and recorded revenue of $2,500,000.

 

Further details pertaining to the subjects financial position were not provided for the current enquiry.

 

Enquiries in trade quarters revealed satisfaction from one supplier contacted in dealing with the subject on a credit basis.

 

 

TRADE SURVEY

 

The subject imports most requirements. A trade survey on the subject traced the following accounts:

 

  1. Rent is of an undisclosed amount per month on 30 day terms in advance. Payment is met to terms and the account is considered satisfactory, having been known over 5 years.

 

 

SUMMARY

 

The subject was incorporated in Queensland on 4 August 1999 under the current style.

 

Operations were founded as a new venture in 2000.

                                                                       

For the last financial year ended 30 June 2007, the subject traded profitably and recorded revenue of $2,500,000.

 

Enquiries in trade quarters revealed satisfaction from one supplier contacted in dealing with the subject on a credit basis.

 

                                               

                                               

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions