MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAROD INVESTMENTS PTY LTD |
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Registered Office : |
11 Grasmere Avenue City Beach, Western Australia 6015 |
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Country : |
Australia |
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Date of Incorporation : |
03.06.2002 |
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Legal Form : |
Propriety Limited |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
NAME GIVEN JULBO EXTREME EYEWEAR PTY LTD
SPECIAL NOTE
A search of failed to trace any registered entity under the given style.
Records did trace two companies which previously used this name. They are:
Narod Investments Pty Ltd (ACN: 100 781 075) – This company was called
Julbo Extreme Eyewear Pty Ltd, from August 2002 until 12 June 2007.
Fraser Industries Pty Ltd – This company was called Julbo Extreme
Eyewear Pty Ltd up until August 2002.
The following search details relate to Narod Investments P/L – the
company which most recently used the name Julbo Extreme Eyewear Pty Ltd
REGISTERED NAME
NAROD INVESTMENTS PTY LTD
ACN: 100 781 075
ABN: 74 100 781 075
CORPORATE SEARCH
Incorporation Date: 03
Jun 2002
Incorporation State: Queensland
Registered Office 11 GRASMERE Avenue
CITY
BEACH, Western Australia 6015 Australia
Charges Date Registered:
12 Sep 2003
Chargee Name: GARY
PETER DORAN
Charge Type: Fixed
and floating charge
ASIC Charge No:
976708
Number of Shares Issued: 100
Paid Capital: 100
Shareholders NAROD PTY. LTD.
Number of Shares: 100
Directors DORAN, ALISON JANE
Appointment Date:
03 Jun 2002
Date of Birth: 23
Oct 1962
Gender: Female
Address: 11 GRASMERE Avenue CITY BEACH,
Western Australia 6015 Australia
Resident Overseas:
No
BUSINESS STRUCTURE
FORMER ADDRESS PO
Box 837
COTTESLOE,
WA 6011
TELEPHONE Not
determined
FACSIMILE Not
determined
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Queensland on 3 June 2002 as Narod
Investments P/L changing name on 2 August 2002 to Julbo Extreme Eyewear Pty
Ltd, before adopting the current style on12 June 2007.
OPERATIONS
The subject is believed to be a dormant entity.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the records of Credit Advantage Limited traced the following
litigation listed against the subject at that date.
Court Writs
Action Date: 25 Aug 2005
Amount: 8517
Creditor: DEPUTY COMMISSIONER OF TAXATIO
Plaint Number: 013812/05/WPER
Court Type: Magistrates court
FINANCES
The subject is not required to lodge financial statements with the Australian
Securities and Investments Commission.
During the current investigation, contact with the subject or its
principals was unable to be established. A search of records traced the
following numbers for the subject: 1800 152 535 and (08) 9285 2188.
Upon calling these numbers it was advised that they had both been
disconnected.
A further search of records traced the number (08) 9331 5820. Upon
calling this number it was advised that this was the incorrect number.
Further investigations revealed that the subject was formerly the sole
agent in Australia for Julbo Eyewear. These operations were advised to have
been sold by the subject around 4 years ago.
Additional queries revealed that the present sole distributor in
Australia for Julbo Eyewear is Mont Adventure Equipment Pty Ltd in the ACT.
SUMMARY
The subject was incorporated in Queensland on 3 June 2002 as Narod
Investments P/L changing name on 2 August 2002 to Julbo Extreme Eyewear Pty
Ltd, before adopting the current style on12 June 2007.
During the current investigation, contact with the subject or its
principals was unable to be established. Details pertaining to the subjects
operating trading or financial position were subsequently unable to be
obtained.
Investigations revealed that the subject was formerly the sole agent in
Australia for Julbo Eyewear. These operations were advised to have been sold by
the subject around 4 years ago.
The present sole distributor in Australia for Julbo Eyewear is Mont
Adventure Equipment Pty Ltd in the ACT.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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%)