MIRA
INFORM REPORT
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Report Date : |
22.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MICRA ENTERPRISES PTY LTD |
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Registered Office : |
8 ST
George S Terrace Perth, Western Australia 6000 |
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Country : |
Australia |
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Date of Incorporation : |
06.03. 1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale Distribution of Soft Drink, Fruit Juice, Condoms, Spices and
Shoe Accessories |
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
MICRA ENTERPRISES PTY LTD
ACN: 068 500 014
CORPORATE SEARCH
Incorporation
Date: 06 Mar 1995
Incorporation
State: Victoria
Registered Office 8 ST
GEORGE S Terrace
PERTH,
Western Australia 6000 Australia
Number
of Shares Issued: 2
Paid
Capital: 2
Shareholders ARI
GERSHON BARRETT
Number
of Shares: 2
Directors BARRETT,
ARI GERSHON
Appointment Date: 06 Mar 1995
Date of Birth: 18 Sep 1960
Gender: Male
Address: 4 ELSTREE Avenue MENORA, Western Australia 6050
Australia
Resident Overseas: No
Secretary ARI
GERSHON BARRETT
Appointment
Date: 06 Mar 1995
BUSINESS STRUCTURE
TRADING ADDRESS 4
Elstree Ave
MENORA,
WA 6050
TELEPHONE (618) 9471 7141
MOBILE 0409 107 087
TRADING STYLE MARGARET
RIVER TRADING
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 1
(Director)
BACKGROUND
The subject was incorporated in Victoria on 6 March 1995 under the
current style.
Operations commenced in 2000.
OPERATIONS
The subject operates in the wholesale distribution of soft drink, fruit
juice, condoms, spices and shoe accessories.
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 Director, Ari Barrett, he
advised that for the last financial year ended 30 June 2008, the subject traded
profitably and recorded revenue of more than $2,000,000.
Current assets include stock on hand of $25,000 to $30,000.
The subject operates no overdraft facilities as all operations are
funded through the internal cashflows of the company.
Further details pertaining to the subject’s financial position were
unable to be obtained for the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
- (Djays Biltong) Purchases are of an undisclosed amount per month on
14 day terms. Payment is met in 14 days and the account is considered
satisfactory, having been known over 3 years.
- (Margaret River Beverages) Purchases average $30,000 per month on
30 day terms. Payment is met in 30 days and the account is considered
satisfactory, having been known over 8 years.
- (Natuream) Nominated supplier failed to respond to correspondence
despite chasing.
SUMMARY
The subject was incorporated in Victoria on 6 March 1995 under the
current style.
Operations commenced in 2000.
For the last financial year ended 30 June 2008, the subject traded
profitably and recorded revenue of more than $2,000,000.
The subject operates no overdraft facilities as all operations are funded
through the internal cashflows of the company.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)