MIRA INFORM REPORT
|
Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
A.B.W. FOODS AUSTRALIA PTY LTD |
|
|
|
|
Registered Office : |
Ane Business Solutions, 'Ane Business Solutions First Floor' Unit 5, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.03.2006 |
|
|
|
|
Legal Form : |
Proprietary Company |
|
|
|
|
Line of Business : |
Import,
Manufacture and Distribution of food products including edible nuts, beans,
dried fruit, health bars and nougat |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
Litigation : |
----- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
A.B.W. FOODS
AUSTRALIA PTY LTD
ACN:
118 689 973
ABN: 88 118 689 973
ADDRESS PROVIDED
Special Note Please
note this is an old address for the subject and is no longer applicable.
CORPORATE SEARCH
Incorporation
Date: 07 MAR 2006
Registered Office
ANE BUSINESS
SOLUTIONS
'ANE BUSINESS
SOLUTIONS FIRST FLOOR' UNIT 5,
Registered
Charges: 1 Provisional Charges: 0
Both Fixed &
Floating
ARAB BANK
AUSTRALIA LIMITED (002950745)
2032526
Registered 17 AUG
2010
Current Directors
Total: 2
ABDUL WAHAB
AFIOUNY – Appointed: 10 SEP 2007
DOB: 16 JAN 1948
SAMIRA AFIOUNY –
Appointed: 07 MAR 2006
DOB: 15 JAN 1954
Current
Secretaries Total: 1
SAMIRA AFIOUNY –
Appointed: 07 MAR 2006
Share Structure -
Classes Total: 1
ORD ORDINARY
SHARES: 2 – Amount paid: $2
Shareholders
Total: 2
ORD 1 - SAMIRA AFIOUNY
ORD 1 - ABDUL
WAHAB AFIOUNY
BUSINESS STRUCTURE
TRADING ADDRESS 73 Chapel St
ROSELANDS,
NSW 2196
TELEPHONE (612) 9740 5318
FACSIMILE (612)
9740 5312
BANK Not determined
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in
OPERATIONS
The subject operates in the import, manufacture and distribution of food products including edible nuts, beans, dried fruit, health bars and nougat.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of failed to trace any adverse findings listed against the subject at that date.
Court Actions
Date : 01.05.2009
Creditors name APL Co Pte Ltd
Amount $2482
Plaintiff No. : 80182/08/2DWN
Association Code :
Companys Account
Court Code : Local Court Judgment
FINANCES
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current interview conducted with Financial Controller Laura Afiouny, she requested that any queries pertaining to the subject be forwarded in writing. An email was subsequently sent to abwfoods@hotmail.com.
Upon responding Ms Afiouny declined to release any details pertaining to the subject unless the source of the enquiry was disclosed.
As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
TRADE SURVEY
Details pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in
Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.45 |
|
|
1 |
Rs.71.59 |
|
Euro |
1 |
Rs.63.01 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.