MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BAC MANUFACTURING PTY LTD |
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Registered Office : |
Ian S Bell 404 Mair St E, Ballarat Vic 3350 |
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Country : |
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Date of Incorporation : |
22.03.2007 |
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Legal Form : |
Proprietary Limited Company |
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Line of Business : |
Manufacture of plastic and paper containers. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 |
CORPORATE
REPORT
REGISTERED NAME
BAC MANUFACTURING
PTY LTD
ACN: 124 563 935
ABN: 60 219 100
607
CORPORATE
SEARCH
Incorporation Date: 22 MAR 2007
Registered Office
IAN S BELL
BALLARAT
VIC 3350
Registered Charges: 1 Provisional Charges: 0
ESANDA FINANCE CORPORATION LIMITED (004346043)
1617361
Registered 09 APR 2008
Fixed
Current Directors Total: 2
NICOLE LOUISE LAWRENCE – Appointed: 22 MAR 2007
140 OAK Street BEAUMARIS,
DOB: 06 NOV 1967
DALE LAWRENCE – Appointed: 22 MAR 2007
140 OAK Street BEAUMARIS,
DOB: 20 MAY 1967
Current Secretaries Total: 1
DALE LAWRENCE – Appointed: 22 MAR 2007
Share Structure - Classes Total: 1
ORD ORDINARY SHARES 3 $3 $0
Shareholders Total: 4
ORD 1 - DALE LAWRENCE 140
ORD 1 - NICOLE LOUISE LAWRENCE
ORD 1 - DALE LAWRENCE
ORD 1 - NICOLE
LOUISE LAWRENCE
BUSINESS
STRUCTURE
TRADING ADDRESS 4A
TELEPHONE (613)
9555 3093
TRADING STYLE SUPERBOX
MANUFACTURING
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 3
BACKGROUND
The subject was incorporated in
The subject was formed to take over the assets and operations of an
existing business that had been established for 30 years.
OPERATIONS
The subject operates in the manufacture of plastic and paper containers.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of on 10 April 2011 failed to trace any adverse findings 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 dale
A similar result is forecast for the current financial year ending 30
June 2011.
Current assets include stock on hand of between $30,000 and $80,000 and
receivables of $100,000.
The subject maintains no overdraft facilities as all operations are
funded through the internal cashflows of the company.
Fixed assets include plant and equipment valued at $100,000.
Further details pertaining to the subjects financial position were
unable to be obtained for the current enquiry.
The subject is noted to operate in its capacity on behalf of the
Superbox Unit Trust. Unsecured creditors are placed at maximum risk when
dealing with a trustee company.
TRADE
SURVEY
A trade survey on the subject traced the following accounts:
(Paperquest) Purchases average $10,000 per month on 30 day terms. Payment
is met in 15 days to take advantage of a settlement discount and the account is
considered satisfactory, having been known over 3 years.
SUMMARY
The subject was incorporated in
For the last financial year ended 30 June 2010 the subject traded
profitably and recorded revenue of $500,000.
A similar result is forecast for the current financial year ending 30
June 2011.
The subject maintains no overdraft facilities as all operations are
funded through the internal cashflows of the company.
Fixed assets include plant and equipment valued at $100,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.