MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPERIOR DIAMONDS PTY LTD |
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Registered Office : |
17 MARKET Street
Nunawading, Victoria 3131 |
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Country : |
Australia |
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Date of Incorporation : |
27.09. 1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Distribution of Diamonds. |
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
SUPERIOR DIAMONDS PTY LTD
ACN: 071 068 552
ABN: 45 071 068 552
Corporate search
Incorporation
Date: 27 Sep 1995
Incorporation
State: Victoria
Registered Office 17 MARKET
Street
NUNAWADING,
Victoria 3131 Australia
Charges Date
Registered: 06 Apr 2004
Chargee Name: 002 674 982 MACQUARIE LEASING
Charge Type: Fixed charge
ASIC Charge No: 1033433
Date Registered: 28 Jul 2003
Chargee Name: 005 357 522 AUSTRALIA AND NEW
Charge Type: Fixed and floating charge
ASIC Charge No: 963791
Number
of Shares Issued: 100
Paid
Capital: $100
Shareholders ATUL
BANSILAL PATEL
Number
of Shares: 100
Directors PATEL,
VANDITA
Appointment Date: 14 Aug 2001
Date of Birth: 01 Jan 1969
Gender: Female
Address: 192/99 WHITEMAN Street SOUTHBANK, Victoria 3006
Australia
Resident Overseas: No
PATEL, ATUL BANSILAL
Appointment Date: 28 Sep 1995
Date of Birth: 03 Dec 1965
Gender: Male
Address: 192/99 WHITEMAN Street SOUTHBANK, Victoria 3006
Australia
Resident Overseas: No
BUSINESS STRUCTURE
TRADING ADDRESS Suite
907, 9th floor
Manchester
Unity Building
220
Collins St
MELBOURNE,
VIC 3000
TELEPHONE (613) 9650 1380
BANK ANZ
BANKING GROUP
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Victoria on 20 September 1995 to
commence operations under the current style as a new venture.
OPERATIONS
The subject is believed to operate in the import and distribution of diamonds.
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 Atul Patel, he confirmed the subjects search details, however declined to provide any other details pertaining to the subject.
As a result, details pertaining to the subjects operating, trading and financial position were unable to be obtained.
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.
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 20 September 1995 to
commence operations under the current style as a new venture.
During the current investigation, details pertaining to the subjects
operating, trading and financial position were unable to be obtained.
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.
In view of the
above, the subject has been assigned with a rating of ‘NA 5’.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)