MIRA
INFORM REPORT
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Report Date : |
07.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
GEMAX PTY LTD |
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Registered Office : |
123 Margaret St, Toowoomba, QLD 4350 |
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Country : |
Australia |
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Date of Incorporation : |
22 August 2007 |
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Legal Form : |
Private Limited Liability Company |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
REGISTERED NAME
GEMAX PTY LTD
ACN
127 171 911
ABN
34 157 171 911
INCORPORATED
22 August 2007
REGISTERED ADDRESS
123 Margaret St
TOOWOOMBA, QLD 4350
SHARECAPITAL
$300
SHAREHOLDERS
LAWRENCE, Gavin
& Tracey holds 100 shares
SINNAMON, James
Harold holds 100
shares
VOLVER, Bradley
Stephen &
VOLKER, Mykala
Louise holds 100
shares
DIRECTORS
LAWRENCE, Gavin
Lawrence
32 Dennis St
GRANGE, QLD 3051
SINNAMON, James
Harold
6, 28 Waterloo
crescent
EAST PERTH, WA 6004
VOLVER, Bradley
Stephen
42 Newmarket St
HENDRA, QLD 4011
SECRETARY
LAWRENCE, Gavin
Lawrence
32 Dennis St
GRANGE, QLD 3051
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS
32 Dennis St
GRANGE, QLD 3051
TELEPHONE not determined
FACSIMILE not determined
BANK
not determined
EMPLOYEES
not determined
BACKGROUND
The subject was incorporated in Queensland on 22 August 2007 to commence operations under the current style.
OPERATIONS
Details pertaining to the subjects operations were unable to be obtained for the current enquiry.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the 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 subject or its principals was unable to be established.
A search of records failed to trace any listed contact details under the subject’s name. A further search of records failed to trace any residential contact details for the subject’s principals.
As a result, details pertaining to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided, this report will be updated at your request.
TRADE SURVEY
During the current investigation, contact with the subjects 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 Queensland on 22 August 2007 to commence operations under the current style.
During the current investigation, contact with the subject or its principals was unable to be established.
As a result, details pertaining to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided, this report will be updated at your request.
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%)