MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIGGERMAC PUBLICATIONS |
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Registered Office : |
14,477 Warrigal Rd MOORABBIN, VIC 3189 |
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Country : |
Australia |
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Date of Incorporation : |
01.10.1996 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Writers and Self Publishers of Children’s Books |
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 : |
New & Small Company |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
REGISTERED NAME
DIGGERMAC PUBLICATIONS
RN: 11 May 2006
ADDRESS GIVEN
8 William St
BRIGHTON, VIC 3186
CORPORATE SEARCH
REGISTERED 11 May 2006
ADDRESS 14,477 Warrigal Rd
MOORABBIN, VIC 3189
PROPRIETORS GRAY, Ken
8 William St
BRIGHTON, VIC 3186
BUSINESS STRUCTURE
TRADING ADDRESS 8 William St
BRIGHTON, VIC 3186
TELEPHONE 0403 851 095
EMAIL kengray@net2000.com.au
BANK BENDIGO BANK
EMPLOYEES 3
BACKGROUND
The subject was registered in Victoria on 11 May 2006 under the Proprietorship of Ken Gray.
Operations were originally founded by Mr. Gray on 1 October 1996.
OPERATIONS
The subject operates as writers and self publishers of children’s books.
Product is distributed through News Agencies in Australia and overseas including New Zealand, Middle East, South Africa and Singapore.
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 Proprietor Ken Gray, he requested that all queries pertaining to the subject must be forwarded in writing. An email was subsequently sent.
Upon responding, Mr Gray provided relevant trading and operational details, however declined to release any financial information.
Details in this regard were subsequently unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, details pertaining to the subjects suppliers were not provided.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was registered in Victoria on 11 May 2006 under the Proprietorship of Ken Gray.
Operations were originally founded by Mr. Gray on 1 October 1996.
Details pertaining to the subject’s financial and trading
position were unable to be obtained for the current enquiry.
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%)