MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
LAURENT BAKERY PTY LTD |
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Registered Office : |
2057 PRINCES Highway CLAYTON, Victoria 3168 |
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Country : |
Australia |
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Date of Incorporation : |
31.08. 1993 |
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Legal Form : |
Propriety Limited |
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Line of Business : |
Manufacture, wholesale and retail of
French/European style breads, cakes, pastries, savouries, confectionery and
other food products. |
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
LAURENT BAKERY PTY LTD
ACN: 061 544 625
ABN:
CORPORATE SEARCH
Incorporation
Date: 31 Aug 1993
Incorporation
State: Victoria
Registered Office 2057
PRINCES Highway
CLAYTON,
Victoria 3168 Australia
Charges Date
Registered: 27 Aug 1996
Chargee Name: 004 044 937 NATIONAL AUSTRALIA
Charge Type: Fixed and floating charge
ASIC Charge No: 555058
Number
of Shares Issued: 10000
Paid
Capital: 100
Shareholders LAURENT
JEAN-PIERRE BOILLON
Number of Shares: 6563
LAL FATEHCHAND PARDASANI
Number of Shares: 3437
Directors PARDASANI,
LAL FATEHCHAND
Appointment Date: 27 Nov 2001
Date of Birth: 05 Oct 1952
Gender: Male
Address: 5 GLYNDEBOURNE Avenue TOORAK, Victoria 3142
Australia
Resident Overseas: No
BOILLON, LAURENT JEAN-PIERRE
Appointment Date: 31 Aug 1993
Date of Birth: 18 Feb 1964
Gender: Male
Address: 27 HARDWICKE Street BALWYN, Victoria 3103 Australia
Resident Overseas: No
Secretary LAL
FATEHCHAND PARDASANI AND OTHERS
Appointment
Date: 31 Jan 2003
BUSINESS STRUCTURE
TRADING ADDRESS 3057
Princes Hwy
CLAYTON,
VIC 3168
TELEPHONE (613) 9915 0100
BRANCHES The subject maintains a total of 13 retail
outlets.
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 250
BACKGROUND
The subject was incorporated in Victoria on 31 August 1993 to commence
operations under the current style as a new venture.
Director Laurent Boillon, the founder,
first arrived in Australia in January 1991. Prior to coming to Australia, he
spent time at the world famous Lenôtre in Paris.
OPERATIONS
The subject operates in the manufacture, wholesale and retail of
French/European style breads, cakes, pastries, savouries, confectionery and
other food products.
The subject’s bakers
and pastry chefs operating from state-of-the-art production facilities in
Melbourne and Sydney Australia, supply fresh products not only to Laurent
signature stores, but also to an ever increasing wholesale trade, including
some of Australia's most prestigous restaurants, hotels, airlines and many well
known catering organisations.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of the records 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, all queries pertaining to the subject
were forwarded to Financial Controller, Chris
Murph.
Contact with Mr Murph was unable to be established for the current
enquiry. Despite numerous messages being left, 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.
The subject maintains a financing facility with the National
Australia Bank, which is secured by a registered charge over certain fixed and
floating assets of the company.
The subject is noted to operate in its capacity on behalf of the Laurent
W Trust. Unsecured creditors are placed at maximum risk when dealing with a
trustee company.
Please note, should
contact with the subjects principals be eventually established and further
information forthcoming this report will be updated and forwarded to your
office.
TRADE SURVEY
During the current investigation, contact with the subjects 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 31 August 1993 to commence
operations under the current style as a new venture.
Director Laurent Boillon, the founder,
first arrived in Australia in January 1991. Prior to coming to Australia, he
spent time at the world famous Lenôtre in Paris.
During the current investigation, contact with the subject’s 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.
Please note, should
contact with the subject’s principals be eventually established and further
information forthcoming this report will be updated and forwarded to your
office.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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%)