MIRA INFORM REPORT

 

 

Report Date :           

28.04.2011

 

IDENTIFICATION DETAILS

 

Name :

J BAKKER PTY LTD

 

 

Formerly Known As :

MJ Bakker P/L

 

 

Registered Office :

Unit 1,68 Murdoch Circuit, Acacia Ridge, Qld 4110

 

 

Country :

Australia

 

 

Date of Incorporation :

01.07.1993

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

commercial printers including business cards, brochures and letter heads

 

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      

 

J BAKKER PTY LTD

 

ACN: 060 659 770

ABN: 64 060 659 770

 

 

CORPORATE SEARCH

 

Incorporation State: QLD

 

Incorporation Date: 01 JUL 1993

 

Registered Office

UNIT 1,

68 MURDOCH CIRCUIT,

ACACIA RIDGE

QLD 4110

 

Registered Charges: 4 Provisional Charges: 0

 

1722587

Registered 21 NOV 2008

Fixed

WESTPAC BANKING CORPORATION

 

1182660

Registered 14 JUL 2005

Fixed

WESTPAC BANKING CORPORATION

 

1133562

Registered 22 FEB 2005

 Fixed

WESTPAC BANKING CORPORATION (007457141)

 

918970

Registered 29 JAN 2003

 Fixed

WESTPAC BANKING CORPORATION

 

Current Directors Total: 1

 

JOHANNES BAKKER – appointed: 03 APR 1996

247 ALGESTER Road ALGESTER, Queensland 4115

DOB: 13 MAY 1941

 

Current Secretaries Total: 1

 

JOHANNES BAKKER – Appointed: 03 APR 1996

 

Share Structure - Classes Total: 1

 

ORD ORDINARY: 300 – amount paid: $300

 

Shareholders Total: 1

ORD 300 - JOHANNES BAKKER

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 Unit 1, 68 Murdoch Cct

                                                ACACIA RIDGE, QLD 4110

 

TELEPHONE                             (617) 3711 6700

 

TRADING STYLE                       PURE PRINT

 

BANK                                       ANZ BANKING GROUP 

                                               

EMPLOYEES                            23

                       

 

BACKGROUND

 

The subject was incorporated in Queensland on 1 July 1993 as MJ Bakker P/L before adopting the current style on 6 June 1996.

 

Operations ere founded as a business in 1992.

 

                       

OPERATIONS

 

The subject operates as commercial printers including business cards, brochures and letter heads.

 

Activities are conducted from leased 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.

 

FINANCES

 

The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.

 

During the current interview conducted with Johannes Bakker he advised that for the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue (including GST) of $4,700,000.

 

A similar result is forecast for the current financial year ending 30 June 2011.

 

Current assets include stock on hand of $100,000 to $180,000 and receivables of $650,000.

 

The subject maintains a financing facility with the ANZ Banking Group. This facility is presently not being utilised as all operations are funded through the internal cashflows of the company.

 

Current liabilities include creditors of $320,000.

 

Further details pertaining to the subjects financial position were unable to be obtained for the current enquiry.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

1.                   (Geodis Wilson) Nominated supplier advised that the subject has not traded on the account for over 5 years.

 

2.                   (CPI Paper) Nominated supplier declined to provide a reference owing to company policy.

 

 

SUMMARY

 

The subject was incorporated in Queensland on 1 July 1993 as MJ Bakker P/L before adopting the current style on 6 June 1996.

 

Operations are founded as a business in 1992.

                       

for the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue (including GST) of $4,700,000.

 

A similar result is forecast for the current financial year ending 30 June 2011.

 

The subject maintains a financing facility with the ANZ Banking Group. This facility is presently not being utilised as all operations are funded through the internal cashflows of the company.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.40

UK Pound

1

Rs.73.26

Euro

1

Rs.65.17

 

 

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

----

NB

New Business

----

 

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.