MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEAR EAST DISTRIBUTORS PTY LTD |
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Registered Office : |
9/510 Sydney Road BALGOWLAH, New South Wales 2093 |
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Country : |
Australia |
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Date of Incorporation : |
01.07.1970 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Textile Representatives |
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
NEAR EAST DISTRIBUTORS PTY LTD
ACN: 000 808 873
ABN: 72 000 808 873
CORPORATE SEARCH
Incorporation
Date: 01 Jul 1970
Incorporation
State: New South Wales
Registered Office 9/510
SYDNEY Road
BALGOWLAH,
New South Wales 2093 Australia
Charges Date
Registered: 29 Jun 1976
Chargee Name: 007 457 141 WESTPAC BANKING CO
Charge Type:
ASIC Charge No: 27125
Number
of Shares Issued: 67,000
Paid
Capital: $67000
Shareholders Shareholder
Name: SUBODH APTE
Number of Shares: 33000
Shareholder Name: VISHWANATH RAMCHANDRA APTE
Number of Shares: 21000
Shareholder Name: MOHANA DEAKIN
Number of Shares: 5000
Shareholder Name: JYOTSNA FIELD
Number of Shares: 5000
Shareholder Name: JYOTSNA FIELD AND OTHERS
Number of Shares: 3000
Directors APTE,
VISHWANATH RAMCHANDRA
Appointment Date: 01 Jul 1970
Date of Birth: 12 Jul 1923
Gender: Male
Address: 8B GRANDVIEW Grove SEAFORTH, New South Wales 2092
Australia
Resident Overseas: No
DEAKIN, MOHANA
Appointment Date: 01 Jul 1970
Date of Birth: 19 Mar 1953
Gender: Female
Address: 17/12 NURSERY Street HORNSBY, New South Wales 2077
Australia
Resident Overseas: No
FIELD, JYOTSNA
Appointment Date: 01 Jul 1970
Date of Birth: 21 May 1951
Gender: Female
Address: 29 PEARSON Avenue GORDON, New South Wales 2072
Australia
Resident Overseas: No
APTE, SUBODH
Appointment Date: 01 Jul 1970
Date of Birth: 16 May 1958
Gender: Male
Address: 4/3 LOWER ALMORA Street BALMORAL, New South Wales
2283 Australia
Secretary SUBODH APTE AND
OTHERS
Appointment
Date: 01 Jul 1970
BUSINESS STRUCTURE
TRADING ADDRESS Room
9, 510 Sydney Rd
SEAFORTH,
NSW 2092
TELEPHONE (612) 9948 3271
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 1 July 1970 under the
current style.
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.
Upon calling the subjects contact
number it was diverted to voice mail. A message was subsequently sent.
Upon replying, one of the subject’s
principals called office back and advised that he was not interested in being
of any assistance for the current enquiry.
As a result, details pertaining to
the subjects operating, trading and financial position were unable to be
obtained.
TRADE SURVEY
During the current investigation,
details pertaining to the subject’s local suppliers were not provided.
A trade survey on the subject was subsequently
unable to be conducted.
SUMMARY
The subject was incorporated in New South Wales on 1 July 1970 under the
current style.
During the current investigation, details pertaining to the subjects
operating, trading and financial position were unable to be obtained.
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.45.72 |
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UK Pound |
1 |
Rs.84.81 |
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Euro |
1 |
Rs.67.60 |
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%)