MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PHOENIX STONE PTY LTD |
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Registered Office : |
1, 335 Johnston St, Abbotsford, VIC 3067 |
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Country : |
Australia |
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Date of Incorporation : |
13 April 2005 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import and distribution of marble granite, mosaic and engineered stone products. |
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 : |
Unknown |
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Litigation : |
Clear |
REGISTERED NAME
PHOENIX STONE PTY LTD
ACN
113 796 571
INCORPORATED
13 April 2005
REGISTERED ADDRESS
1, 335 Johnston St
ABBOTSFORD, VIC 3067
SHARECAPITAL
$4
SHAREHOLDERS
TOCCO P/L Holds 2 shares
KOMPLETE DESIGN & CONSTRUCT Holds 2 shares
DIRECTORS
RIZIO, Nino
Anthony
8 Gaynor Ct
MALVERN, VIC
3144
IACUONE,
Antonio
26 Henry St
DONCASTER, VIC 3108
SECRETARY
IACUONE,
Antonio
26 Henry St
DONCASTER, VIC 3108
REGISTERED CHARGES
Registered Charge Number : 1450368
Date Registered : 07.05.2007
Status : Fixed
and floating
Creditor : Cuevalley
P/L
BUSINESS STRUCTURE
TRADING ADDRESS
Factory 12, 410 Prices Hwy
NOBLE PARK, VIC 3174
TELEPHONE (613) 9701 1020
FACSIMILE (613)
BANK
Not determined
EMPLOYEES
6
BACKGROUND
The subject was incorporated in Victoria on 13 April2005 to commence operations under the current style as a new venture.
OPERATIONS
The subject operates in the import and distribution of marble granite, mosaic and engineered stone products.
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 interview conducted with the subjects Financial Controller, he confirmed the subjects search and operational details, before requesting that any further queries be conducted in writing. An email was subsequently sent.
Despite chasing, further details pertaining to the subject were not provided for the current enquiry.
As a result, information relating to the subjects trading and financial position were unable to be obtained.
TRADE SURVEY
During the current investigation, details pertaining to the subject’s suppliers were not provided.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in Victoria on 13 April2005 to commence operations under the current style as a new venture.
During the current investigation, details pertaining to the subjects trading and financial position were unable to be obtained.
In view of the above, the subject has been assigned with a rating of ‘NA 5’.
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%)