MIRA
INFORM REPORT
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Report Date : |
04.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
IC PACIFIC PTY LTD |
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Formerly Known as : |
JORDAN DALE P/L |
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Registered Office : |
19 Connor St Brighton
East, VIC 3187 |
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Country : |
Australia |
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Date of Incorporation : |
05.05.1981 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of Pharmaceutical Supplies |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
REGISTERED NAME
IC PACIFIC PTY LTD
ACN: 005 814 620
ABN: 72 005 814 620
INCORPORATED
5 May 1981
REGISTERED ADDRESS
19 Connor St
BRIGHTON EAST, VIC 3187
SHARECAPITAL
$18
SHAREHOLDERS
FELLOWS, John Edward Holds
6 shares
NGO, Van Toan Holds
6 shares
DONKIN, Howard Neil Holds
6 shares
DIRECTORS
FELLOWS, John Edward
21 Seddon St
SEDDON, VIC 3011
NGO, Van Toan
810, 83 Queenscliff St
SOUTHPARK, VIC 3006
DONKIN, Howard Neil
19 Connor St
BRIGHTON EAST, VIC 3187
SECRETARY
DONKIN, Howard Neil
19 Connor st
BRIGHTON EAST, VIC 3187
REGISTERED CHARGES
None on record
BUSINESS STRUCTURE
TRADING ADDRESS 21
Seddon St
SEDDON,
VIC 3011
TELEPHONE (613) 9592 9478
FACSIMILE (613) 9592
7808
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 5 May 1981 as Jordan dale P/L, before adopting the current style on 9 April 2001.
OPERATIONS
The subject is believed to operate in the distribution of pharmaceutical
supplies.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the of Credit Advantage Limited traced the following
litigation listed against the subject at that date.
Default Report Listing
Account Number : 133338
Account Type : Telecommunications
Member : AAPT Ltd
Date : 13.12.2007
Amount : $404
Reason : Payment default
Assoc Code : Company’s Account
FINANCES
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current investigation, contact with the subjects principals as unable to be established. Upon calling on numerous occasions the telephone was continually forwarded to voice mail. A number of messages have been left however a reply has yet to be received.
As a result, details pertaining to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, contact with the subject’s 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 Victoria on 5 May 1981 as Jordan dale P/L, before adopting the current style on 9 April 2001.
During the current investigation, contact with the subjects principals as 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.
The information contained in this report is strictly confidential and has been compiled to assist in making a commercial credit decision. Whilst every care has been taken in compiling this report, Complete Corporate Reporting Pty Ltd shall not be liable for any claim, loss, injury or damage suffered by the recording of incorrect, incomplete, inaccurate or out of date information. This report should not be used as the sole basis for a business decision.
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%)