MIRA INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
TOWPAX PRODUCTS PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.09.1972 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
manufacturer of trailers and related products |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NAME GIVEN
TOPAX PRODUCTS P/L
SPECIAL NOTE A search of failed to
trace any registered entity under the given style. Further investigations
revealed that the correct legal entity is Towpax Products Pty Ltd
REGISTERED NAME
TOWPAX PRODUCTS PTY
LTD
ACN:
004 951 615
ABN: 76 004 951 615
CORPORATE SEARCH
Incorporation
Date: 06 Sep 1972
Registered Office 244
STATION Street
THOMASTOWN,
Charges Date
Registered: 06 Feb 1995
Chargee Name: 004 044 937 NATIONAL
Charge Type: Fixed and floating charge
ASIC Charge No: 476882
Number
of Shares Issued: 1000
Paid
Capital: 1000
Shareholders PAXEVANOS INVESTMENTS PROPRIETARY L
Number
of Shares: 1000
Directors PAXEVANOS,
MARK
Appointment Date: 03 Oct 1994
Date of Birth: 28 Oct 1972
Gender: Male
Address:
Resident Overseas: No
PAXEVANOS, ANTONIUS
Appointment Date: 06 Sep 1972
Date of Birth: 11 Jan 1941
Gender: Male
Address:
Resident Overseas: No
Secretary DARREN
PAXEVANOS
Appointment
Date: 10 May 1989
BUSINESS STRUCTURE
TRADING ADDRESS
THOMASTOWN, VIC 3074
TELEPHONE (613) 9465 1370
HOLDING ENTITY PAXEVANOS INVESTMENTS P/L
BANK Not determined
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in
Operations were founded by Director Tony Parvenus.
OPERATIONS
The subject operates as a manufacturer of trailers and related products.
The
subject specialise in all types of trailers, including: Box Trailers, Tandem
Trailers, Tri-axle Trailers, Cage Trailers, Tradesman / Carrier Trailers and
Golf buggy trailers.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of records 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 Tony Paxevanos he declined to be of any assistance for the current enquiry unless the source of the enquiry was released.
Subsequently details pertaining to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
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
Details pertaining to the subjects suppliers were unable to be obtained for the current enquiry.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in
Operations were founded by Director Tony Paxevanos.
Details pertaining to the subjects operating, trading and financial position were unable to be obtained for the current enquiry.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.71.59 |
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Euro |
1 |
Rs.63.01 |
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 |
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 |
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.