MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KINGFIELD EQUIPMENT PTY LTD |
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Formerly Known as : |
DONWOOD HEIGHTS PTY LTD |
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Registered Office : |
5 Station St Mooroolbark, VIC 3138 |
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Country : |
Australia |
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Date of Incorporation : |
22.02.1989 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Design and Building of Fully Integrated Galvanizing Plant
Systems |
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
KINGFIELD EQUIPMENT PTY LTD
ACN
007 160 438
ABN
68 007 160 438
INCORPORATED
22 February 1989
REGISTERED ADDRESS
5 Station St
MOOROOLBARK, VIC 3138
SHARECAPITAL
$2,500
SHAREHOLDERS
MOLONY, James Devlin Holds 1,250 shares
LISLE, Geoffrey Raymond Holds 890 shares
Geoff Lisle & Associates P/L Holds 360 shares
DIRECTORS
MOLONY, James Devlin
178 Beverley Rd
ROSANNA, VIC 3084
LISLE, Geoffrey Raymond
1 Biak Pl
CROYDON NORTH, VIC 3136
SECRETARY
LISLE, Geoffrey Raymond
1 Biak Pl
CROYDON NORTH, VIC 3136
REGISTERED CHARGES
Registered Charge Number : 1344242
Date Registered : 24.08.2006
Status : Fixed and floating
Creditor : National Australia Bank
BUSINESS STRUCTURE
TRADING ADDRESS Suite 9, 2 Nelson St
RINGWOOD, VIC 3134
TELEPHONE (613) 9876 9190
FACSIMILE (613) 9879 7155
BANK NATIONAL AUSTRALIA BANK
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in Victoria on 22 February 1989 as Donwood Heights Pty Ltd, before adopting the current style on 7 March 1991.
Operations were founded in1982.
OPERATIONS
The subject operates in the design and building of fully integrated galvanizing plant systems.
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 investigation, contact with the subjects Financial Controller was unable to be established. Upon calling it was advised that he is presently overseas and is not due back until next Monday 18 February 2008.
As a result, Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
Please note, this is an interim report and upon contacting the financial controller at this time and receiving additional information this report will be updated and forwarded to your office.
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 incorporated in Victoria on 22 February 1989 as Donwood Heights Pty Ltd, before adopting the current style on 7 March 1991.
Operations were founded in1982.
During the current investigation, contact with the subjects Financial Controller was unable to be established. Upon calling it was advised that he is presently overseas and is not due back until next Monday 18 February 2008.
Please note, this is an interim report and upon contacting the financial controller at this time and receiving additional information this report will be updated and forwarded to your office.
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%)