MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
WORLD SHINER PTY LTD |
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Registered Office : |
7/225 Clarence Street, SYDNEY, New South Wales 2000 |
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Country : |
Australia |
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Date of Incorporation : |
21.10.1996 |
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Legal Form : |
Propriety Limited |
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Line of Business : |
Import and Wholesale of Diamond Jewellery including Rings,
Earrings, Pendants and Bracelets. |
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
WORLD SHINER PTY LTD
ACN: 076 563 356
ABN: 90 076 563
356
CORPORATE SEARCH
Incorporation
Date: 21 Oct 1996
Incorporation
State: New South Wales
Registered Office 7/225
CLARENCE Street
SYDNEY,
New South Wales 2000 Australia
Public
Record Information
Charges Date
Registered: 18 Jul 2005
Chargee Name: 005 357 522 AUSTRALIA AND NEW
Charge Type: Fixed and floating charge
ASIC Charge No: 1183923
Date Registered: 22 Sep 2003
Chargee Name: 004 346 043 ESANDA FINANCE COR
Charge Type: Fixed charge
ASIC Charge No: 981066
Number
of Shares Issued: 10
Paid
Capital: 10
Shareholders ROOPESH
MAHENDRA JHAVERI
Number
of Shares: 10
Directors SHAH,
MAULIN
Appointment Date: 05 Oct 2008
Date of Birth: 17 Aug 1977
Gender: Male
Address: 804/80 LORIMER Street DOCKLANDS, Victoria 3008
Australia
Resident Overseas: No
DOSHI, JIGGAR
Appointment Date: 16 Mar 2006
Date of Birth: 06 Jun 1977
Gender: Male
Address: 122/26 FELIX Street BRISBANE, Queensland 4000
Australia
Resident Overseas: No
JHAVERI, ANAND MAHENDRA
Appointment Date: 26 Oct 1996
Date of Birth: 01 May 1971
Gender: Unknown
Address:
Resident Overseas: Yes
Secretary ANAND MAHENDRA JHAVERI AND
OTHERS
Appointment
Date: 26 Oct 1996
BUSINESS STRUCTURE
TRADING ADDRESS 4,
428 George St
SYDNEY,
NSW 2000
TELEPHONE (612) 9232 3557
FACSIMILE (612) 9232 3560
BRANCHES MELBOURNE, VIC
BRISBANE, QLD
PERTH, WA
AFFILIATED
ENTITIES The subject maintains affiliated entities in
Belgium, India, UK, Canada, Germany,
Japan, Spain and Taiwan.
BANK ANZ
BANKING GROUP
EMPLOYEES 1
to 16
BACKGROUND
The subject was incorporated in New South Wales on 21 October 1996 to
commence operations under the current style as a new venture.
OPERATIONS
The subject operates in the import and wholesale of diamond jewellery
including rings, earrings, pendants and bracelets.
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, Jiggar Doshi, he confirmed the subjects search and operational details, however declined to release any details pertaining to the subjects financial or trading position unless the source of the enquiry was released.
Subsequently details in this regard were unable to be obtained for the
current enquiry.
The subject maintains a financing facility with the ANZ Bank, which
is secured by a registered charge over certain fixed and floating assets of the
company.
TRADE SURVEY
During the current investigation, it was advised that the subject imports all requirements. Details pertaining to the subject’s local 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 21 October 1996 to
commence operations under the current style as a new venture.
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 ANZ Bank,
which is secured by a registered charge over certain fixed and floating assets
of the company.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.71 |
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UK Pound |
1 |
Rs.72.85 |
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Euro |
1 |
Rs.64.70 |
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%)