MIRA
INFORM REPORT
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Report Date : |
21.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BHADRA LAXMAN JEWELLERS |
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Formerly Known as : |
LAXMAN, BHADRA |
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Registered Office : |
15 SAVERNAKE Court DONCASTER EAST, Victoria 3109 |
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Country : |
Australia |
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Date of Incorporation : |
1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Retail 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 |
REGISTERED NAME
BHADRA LAXMAN JEWELLERS
CORPORATE SEARCH
Registration Date: 05
Sep 1997
Registered Office 15
SAVERNAKE Court
DONCASTER EAST, Victoria 3109 Australia
Individual Proprietorship Name: LAXMAN, BHADRA
Appointment Date: 31 Dec 2001
Gender: Female
Address: 15 SAVERNAKE Street DONCASTER EAST,
Victoria 3109 Australia
Resident Overseas: No
BUSINESS STRUCTURE
TRADING ADDRESS Level 2, 222 Latrobe St
MELBOURNE, VIC 3000
TELEPHONE (613) 9846 7661
EMAIL indianjewellery@bhadralaxman.com
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was registered in Victoria on 5
September 1997.
Operations were established in 1994.
OPERATIONS
The subject operates in the import and
retail 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 Proprietor Bhadra Laxman, she requested that all queries pertaining to the subject must be conducted in writing. An email was subsequently sent.
Upon chasing, Ms Laxman declined to be of any assistance for the enquiry.
As a result, details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, contact
with the subject’s 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 registered in Victoria on 5
September 1997.
Operations were established in 1994.
During the current investigation, details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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%)