MIRA
INFORM REPORT
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Report Date : |
04.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MARCUS B PTY LTD |
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Registered Office : |
2, 200 Lygon St Carlton,
VIC 3053 |
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Country : |
Australia |
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Date of Incorporation : |
28.06.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Distribution of Fashion Accessories |
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
MARCUS B PTY LTD
ACN: 070 097 488
ABN: 94 007 097 488
CORPORATE SEARCH
INCORPORATED 28.06.1995
REGISTERED
ADDRESS 2, 200 Lygon St
CARLTON,
VIC 3053
SHARECAPITAL $12
SHAREHOLDERS BLACKMORE, Christine Ann Holds 11 shares
BLACKMORE,
Marcus John Holds 1 share
DIRECTORS BLACKMORE, Marcus
John
37a
Power St
TOORAK,
VIC 3142
SECRETARY BLACKMORE, Marcus
John
37a
Power St
TOORAK,
VIC 3142
REGISTERED
CHARGES None on record
BUSINESS STRUCTURE
TRADING ADDRESS 45 Cubitt St
RICHMOND,
VIC 3121
TELEPHONE (613) 9822 6744
FACSIMILE (613) 9822 0811
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 7
BACKGROUND
The subject was
incorporated in Victoria on 28 June 1995 as Anntine Marketing Pty Ltd, before
adopting the current style on 8 December 2004.
Operations
commenced as a new venture in 1995.
OPERATIONS
The subject
operates in the import and distribution of fashion accessories.
Activities are
conducted from premises located at the above listed trading address.
ADVERSE
A search of the
of Baycorp 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 Marcus Blackmore, he confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained during the current investigation
The subject maintains financing facilities with its Bankers which are used to assist in funding Working capital requirements.
In regards to asset backing, the subject is noted to own the premises located at the above listed trading address. A property search can be conducted at your request to confirm ownership.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
TRADE SURVEY
During the current investigation, it was advised that the subject imports all requirements. A trade survey on the subject traced the following accounts:
- (Diamond Freight) Purchases average $50,000 per month on 30 day terms. Payment is met in 30 days and the account is considered satisfactory, having been known over 4 years.
SUMMARY
The subject was incorporated
in Victoria on 28 June 1995 as Anntine Marketing Pty Ltd, before adopting the
current style on 8 December 2004.
During the current investigation, details pertaining to the subject’s financial position were unable to be obtained.
In regards to asset backing, the subject is noted to own the premises
located at the above listed trading address.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.37 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.65.96 |
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%)