MIRA INFORM REPORT

 

 

Report Date :

23.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

GAMMASONICS INSTITUTE FOR MEDICAL RESEARCH  PTY LTD

 

 

Formerly Known as :

TROKLEA P/L

 

 

Registered Office :

25/32 Lexington Drive Bella Vista, New South Wales 2153

 

 

Country :

Australia

 

 

Date of Incorporation :

05.03. 1980

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Design and Manufacture of Radiation Detection Equipment for Diagnostic, Radiotherapy, Nuclear Medicine, Industrial Radiation and National and Home Land Security.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

REGISTERED NAME      

 

GAMMASONICS INSTITUTE FOR MEDICAL RESEARCH  PTY LTD

ACN: 001 853 881

ABN: 96 007 853 881

 

 

Incorporation Date           

 

05 Mar 1980

 

 

Registered Office         

 

25/32 LEXINGTON Drive

BELLA VISTA, New South Wales 2153 Australia

 

Structure

Number of Shares Issued  

 

100

 

 

Paid Capital              

 

$100

 

 

Shareholders           

 

CARL ANTHONY MUNOZ-FERRADA

Number of Shares: 75

 

PROCON AEROSPACE & MARINE PTY LTD

Number of Shares: 25

 

 

Directors             

 

MUNOZ-FERRADA, CARL ANTHONY

Appointment Date: 01 Aug 1986

Date of Birth: 27 Jul 1948

Gender: Male

Address: 2 OXLEY HILL Road BERRIMA, New South Wales 2577 Australia

 

 

 

 

Secretary            

 

CARL ANTHONY MUNOZ-FERRADA

Appointment Date: 01 Aug 1986

 

 

Charges          

 

Date Registered: 26 Nov 2007

Chargee Name: 070 811 148 MEDFIN AUSTRALIA P

Charge Type: Fixed charge

ASIC Charge No: 1550601

Date Registered: 01 May 2006

 

Chargee Name: 004 044 937 NATIONAL AUSTRALIA

Charge Type: Fixed charge

ASIC Charge No: 1293122

Date Registered: 28 Apr 2006

 

Chargee Name: 004 044 937 NATIONAL AUSTRALIA

Charge Type: Fixed charge

ASIC Charge No: 1292895

Date Registered: 08 Aug 1997

 

Chargee Name: 004 044 937 NATIONAL AUSTRALIA

Charge Type: Fixed and floating charge

ASIC Charge No: 603643

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     90 Queens Rd

FIVE DOCK, NSW 2046

 

TELEPHONE                 (612) 9713 1122

 

FACSIMILE                   (612) 9713 1238

 

 

ASSOCIATED ENTITY   

 

GAMMASONICS RADIOLOGICAL SERVICES PTY LTD.

 

 

TRADING STYLES         

 

CANADA BAY CENTRE FOR MEDICAL EXCELLENCE

GAMMASONICS SECURITY & INDUSTRIAL

GAMMASONICS

 

 

 

BANK                 

 

Not determined 

                                               

 

EMPLOYEES       

 

Not determined

           

 

BACKGROUND

 

The subject was incorporated in New South Wales on 5 March 1980 as Troklea P/l, changing name to ADL Gammasonics P/L, changing name on 16 February 1992 to Gammasonics P/L, changing name on 30 August 1993 to Gammasonics Institute For Research and calibration P/L, before adopting the current style on 29 June 1999.

 

Operations have been established since 1977.

 

                                                                       

OPERATIONS

 

The subject operates in the design and manufacture of Radiation detection equipment for Diagnostic, Radiotherapy, Nuclear Medicine, Industrial Radiation & National and Home Land Security.

 

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 Director, Carl Munoz-Ferrada, he requested that all queries pertaining to the subject must be conducted in writing. An email was subsequently sent.

 

Despite, chasing, contact with Mr Muniz-Ferrada was unable to be re-established.

 

As a result, details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

The subject maintains a financing facility with the National Australia Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

 

TRADE SURVEY

 

During the current investigation, details pertaining to the subject’s suppliers were not provided.

 

A trade survey on the subject was subsequently unable to be conducted.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 5 March 1980 as Troklea P/l, before adopting the current style on 29 June 1999.

 

Operations have been established since 1977.

 

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

The subject maintains a financing facility with the National Australia Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

                                                 

                                               

                                     

 

 

 

 


 

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