MIRA INFORM REPORT
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Report Date : |
18.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BRAEMAC ENERGY PTY LTD |
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Registered Office : |
C/- D P Loewy and Co |
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Country : |
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Date of Incorporation : |
09.01.2007 |
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Legal Form : |
Proprietary Limited Company |
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Line of Business : |
Supplies of an extensive range of Solar products. |
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 |
REGISTERED
NAME
BRAEMAC ENERGY PTY
LTD
ACN: 123 377 382
ABN: 96 123 377
382
CORPORATE
SEARCH
Incorporation Date: 09 JAN 2007
Registered Office
C/- D P LOEWY & CO
2A
DARLING POINT
NSW 2027
Current Directors Total: 2
DINO CALVISI - Appointed: 09 JAN
2007
DOB: 07 JAN 1954
DANNY NEMENY - Appointed: 09 JAN 2007
DOB: 02 DEC 1952
Current Secretaries Total: 2
DINO CALVISI - Appointed: 09 JAN 2007
DANNY NEMENY - Appointed: 09 JAN 2007
Share Structure - Classes Total: 1
ORD ORDINARY SHARES: 1010 – amount paid: $1,010
Shareholders Total: 4
ORD 5 - ALLEBASI PTY LTD 077545398
ORD 5 - ASSILEM HOLDINGS PTY LTD 11 FRANCIS STREET HUNTERS
ORD 500 - ALLEBASI PTY LTD
ORD 500 - ASSILEM HOLDINGS PTY LTD
BUSINESS
STRUCTURE
TRADING ADDRESS 1,
TELEPHONE (612)
9550 6600
ASSOCIATED ENTITIES BRAEMAC
(NZ) LTD
BRAEMAC
PTY LTD
GROUP
BRANCHES 1/15,
U10B/
191 Hedley Ave Hendra QLD4011
Ste2c/
BANK COMMONWEALTH
BANK OF
Branch:
Cnr George & Market St’s
SYDNEY, NSW 2000
EMPLOYEES 30
BACKGROUND
The subject was incorporated in
Group operations were established in April 1986.
OPERATIONS
The subject operates in the supplies of an extensive range of Solar
products.
The company are also consultants and installers of solar panels,
equipment and accessories in homes, schools, businesses and government
establishments.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of on 8 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 the subjects Financial
Controller Michael Kapriotis he advised that for the last financial year ended
30 June 2010 the subject traded profitably and recorded revenue of $18,000,000
to $19,000,000. Revenue for the last financial year was boosted by two major
projects in
A decline in revenue results is expected for the current financial year
ending 30 June 2011.
For the next two future fincnial years the subjects forecasts to record
growing operations.
Current assets include stock valued at $3,000,000.
In regards to asset backing, the group is noted to own the premises
located at the above listed trading address. A property search can be conducted
at your request to confirm ownership.
Net Assets have an estimated value of $3,000,000.
TRADE
SURVEY
A trade survey on the subject traced the following accounts:
(Latronics) Purchases are of an undisclosed amount per month on 30 day
terms. Payment is met in 30 to 45 days and the account is considered
satisfactory having been known since 2007.
(Clenergy) Nominated supplier failed to respond to correspondence
despite chasing.
SUMMARY
The subject was incorporated in
Group operations were established in April 1986.
for the last financial year ended 30 June 2010 the subject traded profitably
and recorded revenue of $18,000,000 to $19,000,000. Revenue for the last
financial year was boosted by two major projects in
In regards to asset backing, the group is noted to own the premises
located at the above listed trading address.
Net Assets have an estimated value of $3,000,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.52 |
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1 |
Rs.72.72 |
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Euro |
1 |
Rs.64.41 |
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.