MIRA
INFORM REPORT
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Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ROBET TRADING CO PTY LTD |
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Registered Office : |
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Country : |
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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 : |
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 |
REGISTERED NAME
ROBET TRADING CO PTY LTD
ACN
004 910 552
ABN
48 004 910 552
INCORPORATED
26 October 1971
REGISTERED ADDRESS
CLAYTON, VIC 3168
SHARECAPITAL
$2
SHAREHOLDERS
ROLEA ENGINEERING P/L Holds
1 share
CHAMBER HOLDINGS P/L Holds 1
share
DIRECTORS
HAYMOND, Lance
HARKAWAY, VIC 3806
SECRETARY
HAYMOND, Lance
HARKAWAY, VIC 3806
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS
CLAYTON, VIC 3168
POSTAL ADDRESS
MULGRAVE, VIC 3170
TELEPHONE (613) 9535 1700
BRANCHES
SUNSHINE, VIC
PRESTON, VIC
DROMOWA, VIC
BANK
Not determined
EMPLOYEES
Not determined
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
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 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 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.
Please note, should Mr Hammond contact this office and further information be forthcoming, this report will be updated and forwarded to your office.
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 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
During the current investigation, details pertaining to the subjects financial position were unable to be obtained.
Please note, should Mr Hammond contact this office and further information be forthcoming, this report will be updated and forwarded to your office.
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%)