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MIRA INFORM REPORT

 

 

Report Date :            

12.04.2011

 

IDENTIFICATION DETAILS

 

Name :

MODERN TRAILERS PTY LTD

 

 

Registered Office :

1 Clark Terrace, Seaton, South Australia 5023

 

 

Country :

Australia

 

 

Date of Incorporation :

28.06.2001

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

manufacture of a range of trailers including box trailers, trailer tops, furniture vans, boat trailers, car trailers and bike trailers

 

 

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 :

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

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Australia

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

                       

REGISTERED NAME      

 

MODERN TRAILERS PTY LTD

ACN: 097 317 756

ABN: 17 097 317 756

 

 

CORPORATE SEARCH

 

Incorporation Date:                    28 Jun 2001

 

Incorporation State:                   South Australia

 

Registered Office                      1 CLARK Terrace

                                                SEATON, South Australia 5023 Australia

 

Charges                                    Date Registered: 19 Mar 2009

Chargee Name: 001 094 471 ST. GEORGE FINANCE

Charge Type: Fixed charge

ASIC Charge No: 1766760

 

Number of Shares Issued:         2

 

Paid Capital:                             2

 

Shareholders                             ANTONIO SALVATORE COLUCCIO

Number of Shares: 1

 

COSIMO COLUCCIO

Number of Shares: 1

 

Directors                                   COLUCCIO, ANTONIO SALVATORE

Appointment Date: 28 Jun 2001

Date of Birth: 08 May 1962

Gender: Male

Address: 9 FISHER Terrace FULHAM GARDENS, South Australia 5024 Australia

Resident Overseas: No

 

COLUCCIO, COSIMO

Appointment Date: 28 Jun 2001

Date of Birth: 14 Aug 1966

Gender: Male

Address: 10 ALTON Avenue MAGILL, South Australia 5072 Australia

Resident Overseas: No

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     1 Levels Crt (Cnr Main North Rd)
                                    Pooraka SA 5095

 

TELEPHONE                 (618) 8262 2562

 

FACTORY                     12, Sherriffs Road,

                                    LONSDALE, SA

 

BRANCHES                  BLACK FOREST, SA

                                    LONSDALE, SA

 

BANK                           Not determined            

                                               

EMPLOYEES                Not determined

           

 

BACKGROUND

 

The subject was incorporated in South Australia on 28 April 2001 under the current style.

 

Operations were founded in 1990.                                                                                             

 

 

OPERATIONS

 

The subject operates in the manufacture of a range of trailers including box trailers, trailer tops, furniture vans, boat trailers, car trailers and bike trailers.

 

Activities are conducted from premises located at the above listed trading address.

 

 

ADVERSE

                                               

A search of 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 Cos Coluccio he declined to confirm or provide 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.

 

The subject is noted to maintain a financing facility with St George Finance which is secured by a fixed registered charge.

 

 

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 South Australia on 28 April 2001 under the current style.

 

Operations were founded in 1990.                     

 

Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

The subject is noted to maintain a financing facility with St George Finance which is secured by a fixed registered charge.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.45

UK Pound

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.