MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIVINE DIAMOND PTY
LTD |
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Registered Office : |
118
HOMEBUSH Road Strathfield, New South Wales 2135 |
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Country : |
Australia |
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Date of Incorporation : |
17.07.2001 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of
Diamonds and Related Jewellery |
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 : |
Unknown |
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Litigation : |
Clear |
REGISTERED NAME
DIVINE DIAMOND PTY LTD
ACN: 097 519 376
ABN: 88 097 519 376
CORPORATE SEARCH
Incorporation
Date: 17 Jul 2001
Incorporation
State: New South Wales
Registered Office 118 HOMEBUSH Road
STRATHFIELD,
New South Wales 2135 Australia
Public
Record Information
Charges Date Registered: 17 Dec 2007
Chargee Name: 123 123 124
COMMONWEALTH BANK
Charge Type: Fixed and floating
charge
ASIC Charge No: 1560429
Number
of Shares Issued: 100
Paid
Capital: 100
Shareholders SUNRAJ INVESTMENTS PTY LTD
Number
of Shares: 100
Directors UPADHYAY, JOYKUMAR
Appointment Date: 01 Jul 2006
Date of Birth: 27 Jul 1966
Gender: Female
Address: 9/18 EARLY Street
PARRAMATTA, New South Wales 2150 Australia
Resident Overseas: No
MEHTA, NIKUNJBHAI CHANDULAL
Appointment Date: 17 Jul 2001
Date of Birth: 27 Nov 1942
Gender: Unknown
Address:
Resident Overseas: Yes
Secretary JOYKUMAR UPADHYAY
Appointment Date: 01 Jul 2006
BUSINESS STRUCTURE
TRADING ADDRESS Suite 909, 155 Castlereagh St
SYDNEY, NSW
2000
TELEPHONE Not determined
FACSIMILE Not determined
HOLDING ENTITY SUNRAJ INVESTMENTS P/L
BANK Not determined
EMPLOYEES Not determined
BACKGROUND
The subject was
incorporated in New South Wales on 17 July 2001 under the current style.
OPERATIONS
The subject is
believed to operate in the distribution of diamonds and related jewellery.
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 Directors was unable to be
established.
A search of records
and telephone directories failed to trace any listed contact details for the
subject.
As a result,
information relating to the subjects operating, trading and financial position
were unable to be obtained.
Please note, should
further contact details be provide, 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 New South Wales on 17 July 2001 under the current style.
During the current
investigation, contact with the subject or its Directors was unable to be
established.
As a result,
information relating to the subjects operating, trading and financial position
were unable to be obtained.
Please note, should
further contact details be provide, 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.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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%)