MIRA
INFORM REPORT
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Report Date : |
30.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
AH SHAN AUSTRALIA |
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Registered Office : |
4, 287 Mt Dandenong Road, Croydon, Vic 3136 |
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Country : |
Australia |
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Date of Incorporation : |
08.01.2008 |
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Legal Form : |
Sole Proprietory |
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Line of Business : |
Import and Distribution of Electromagnetic Radiation Protection
Equipment |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
AH SHAN AUSTRALIA
RN: B206569B
CORPORATE SEARCH
REGISTERED 8
January 2008
ADDRESS 4,
287 Mt Dandenong Rd
CROYDON,
VIC 3136
PROPRRIETOR SING,
Nirbhay
20
Drayton Cres
PARK
ORCHARDS, VIC 3114
BUSINESS STRUCTURE
TRADING ADDRESS 4, 287
Mt Dandenong Rd
CROYDON,
VIC 3136
TELEPHONE (613)
9723 6767
BANK ANZ
BANKING GROUP
EMPLOYEES 1
plus contractors
BACKGROUND
The subject was registered in Victoria on 8 January 2008 under the
proprietorship of Nirbhay Singh.
Operations were originally established by Mr Singh 7years ago. The
subject has however only just re commenced trading activities having stopped
operations for 18 months.
OPERATIONS
The subject operates in the import and distribution of electromagnetic radiation
protection equipment.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the of Baycorp Advantage Limited on 21 December 2008 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 Nirbhay Singh, he
advised that the subject has only recently re-commenced operations after an
absence of 18 months.
Mr Singh advised that the subject is in the process of re-establishing
operations and was subsequently unable to provide any forecasts or projections
for the current enquiry.
The subject maintains no overdraft facilities or external borrowings as
al operations are funded through the cashflows of the company.
Further financial information pertaining to the subject was unable to be
obtained for the current enquiry.
TRADE SURVEY
During the current investigation, it was advised that the usbejct is not
a significant seeker of domestic commercial credit.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was registered in Victoria on 8 January 2008 under the
proprietorship of Nirbhay Singh.
Operations were originally established by Mr Singh 7years ago. The
subject has however only just re commenced trading activities having stopped
operations for 18 months.
Detailed financial information pertaining to the subject was unable to
be obtained for the current enquiry..
The subject maintains no overdraft facilities or external borrowings as
al operations are funded through the cashflows of the company.
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%)