MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
REVELIN GLOBAL PTY
LTD |
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Formerly Known as : |
LUXO LAMP OF AUSTRALIA P/L |
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Registered Office : |
60/45 Huntley Street
Alexandria, New South Wales 2015 |
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Country : |
Australia |
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Date of Incorporation : |
28.02.1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer / Distributor of Menswear |
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 : |
No Complaints |
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Litigation : |
Clear |
REGISTERED NAME
REVELIN GLOBAL PTY
LTD
ACN: 054 183 514
CORPORATE SEARCH
Incorporation
Date: 28 Feb 1992
Incorporation
State: New South Wales
Registered Office 60/45 HUNTLEY
Street
ALEXANDRIA,
New South Wales 2015 Australia
Charges Date Registered:
03 Aug 2004
Chargee Name: 005 357 522 AUSTRALIA AND NEW
Charge Type: Fixed and floating charge
ASIC Charge No: 1067785
Number of Shares
Issued: 2
Paid Capital: 2
Shareholders RISHPA SABHARWAL
Number of Shares: 1
SABHARWAH AMIT
Number of Shares: 1
Directors SABHARWAL, RISHPA
Appointment Date: 09 Nov 1998
Date of Birth: 11 Jul 1968
Gender: Female
Address: 71 LAMONERIE Street TOONGABBIE, New South Wales 2146 Australia
Resident Overseas: No
SABHARWAL, AMIT
Appointment Date: 09 Nov 1998
Date of Birth: 15 Oct 1965
Gender: Male
Address: 71 LAMONERIE Street TOONGABBIE, New South Wales 2146 Australia
Resident Overseas: No
Secretary AMIT SABHARWAL
Appointment
Date: 09 Nov 1998
BUSINESS STRUCTURE
TRADING ADDRESS 64
to 76 Kippax St
SURRY
HILLS, NSW 2010
TELEPHONE (612) 9212 4513
(612)
9212 2776
MOBILE 0410 426 484
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 28 February 1992 as
Luxo Lamp of Australia P/L, changing name on 22 October 1998 to Janab P/L, before
adopting the current style on 99 November 1998.
OPERATIONS
Details pertaining to the subjects operations were unable to be obtained
for the current enquiry.
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 investigation, contact with the subject or its
principals was unable to be established. Upon calling the above listed
telephone number provided, it was advised that the phone had been disconnected.
A further search of records traced the following number for the subject
(02 9557 6222). Upon calling this number the telephone continued to be picked
up by a facsimile machine.
A further search of records traced the following number for the subject
(02 9212 2776). Upon calling this number the telephone continued to be picked
by a home message service. Despite messages being left, no reply has been
received.
A further number was traced for Director Amit Sabharwal (0410 426 484).
Upon calling this number on numerous occasions the phone was continually
answered by a message service. Despite repeated messages for Mr Sabharwal to
contact our office, no reply has been received.
As a result, details pertaining to the subjects operating, trading and
financial position were unable to be obtained for the current enquiry.
Please note, should further contact details be provided this report will
be updated and forwarded to your office.
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 New South Wales on 28 February 1992 as Luxo
Lamp of Australia P/L, changing name on 22 October 1998 to Janab P/L, before
adopting the current style on 99 November 1998.
During the current investigation, contact with the subject or its
principals was 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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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%)