MIRA
INFORM REPORT
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Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
WHOLESALE WINE SERVICES PTY LTD |
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Formerly Known as : |
PROBON P/L |
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Registered Office : |
253 Johnston
Street Abbotsford, Victoria 3067 |
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Country : |
Australia |
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Date of Incorporation : |
29.05.1989 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of Wine. |
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
WHOLESALE WINE SERVICES PTY LTD
T/AS WINESTOCK
ACN: 007 229 290
ABN: 66 007 229 290
CORPORATE SEARCH
Incorporation
Date: 29 May 1989
Incorporation State:
Victoria
Registered Office 253 JOHNSTON
Street
ABBOTSFORD,
Victoria 3067 Australia
Charges Date Registered:
21 Jul 2006
Chargee Name: 052 214 098 CREDITLINE PTY LTD
Charge Type: Fixed charge
ASIC Charge No: 1328748
Date Registered: 10 Apr 2002
Chargee Name: 007 457 141 WESTPAC BANKING CO
Charge Type: Fixed and floating charge
ASIC Charge No: 855873
Number of Shares
Issued: 2
Paid Capital: 2
Shareholders
HARRIET
MUNRO NELSON
Number of Shares: 1
Shareholder Name: ALAN NELSON
Number of Shares: 1
Directors NELSON, ALAN
Appointment Date: 04 Nov 1993
Date of Birth: 14 Feb 1960
Gender: Male
Address: 15 VICTOR Avenue KEW, Victoria 3101 Australia
Resident Overseas: No
Secretary ALAN NELSON
Appointment
Date: 04 Nov 1993
BUSINESS STRUCTURE
TRADING ADDRESS 1ST
FLOOR, 253 Johnston St
ABBOTSFORD,
VIC 3067
TELEPHONE (613) 9418 7899
FACSIMIL (613)
9486 0755
TRADING STYLE WINESTOCK
BANK WESTPAC
BANK
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 29 may 1989 as Probon P/L,
changing name on2 December 1993 to A Nelson P/L, before adopting the current
style on 22 January 2001.
OPERATIONS
The subject operates in the distribution of wine.
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 the subjects Financial
Controller, Sam Surrender, he declined to confirm or provide any details
pertaining to the subject unless the source of the enquiry was disclosed.
As a result, information relating to the subjects operating, trading and
financial position were unable to be obtained for the current enquiry.
The subject maintains a financing facility with the Westpac Bank,
which is secured by a registered charge over certain fixed and floating assets
of the company.
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 29 may 1989 as Probon P/L,
changing name on2 December 1993 to A Nelson P/L, before adopting the current style
on 22 January 2001.
During the current investigation, information relating to the subjects
operating, trading and financial position were unable to be obtained.
The subject maintains a financing facility with the Westpac Bank,
which is secured by a registered charge over certain fixed and floating assets
of the company.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.11 |
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%)