MIRA INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
HOUSE OF PERSIA PTY LTD |
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Registered Office : |
575 Victoria
Rd, Abbotsford, Vic 3067 |
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Country : |
Australia |
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Date of Incorporation : |
02.09.1999 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
import and Retail Distribution of hand made oriental rugs and carpets |
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 : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Australia |
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
HOUSE OF PERSIA PTY
LTD
ACN: 089 351 057
ABN: 39 089 351 057
CORPORATE SEARCH
INCORPORATED 2 September 1999
REGISTERED
ADDRESS 575 Victoria Rd
ABBOTSFORD,
VIC 3067
SHARECAPITAL $100
SHAREHOLDERS Persian Bazaar Handmade
Designer Carpets P/L
-
Holds 50 shares
Shiva
Koinakis – Holds 50 shares
DIRECTORS FEGHHINEDJAD,
Shahrokh
8,
27 Edgar St
GLEN
IRIS, VIC 3146
SECRETARY FEGHHINEDJAD,
Shahrokh
8,
27 Edgar St
GLEN
IRIS, VIC 3146
REGISTERED CHARGES Registered
Charge Number : 1217221
Date : 12
Oct 2005
Status : Fixed
and floating
Creditor : ANZ
Banking Group
Registered Charge Number : 729599
Date : 23
Dec 1999
Status :
Fixed and floating
Creditor : Ali
Feghhinesjad
BUSINESS STRUCTURE
TRADING ADDRESS 575 to 579 Victoria Rd
ABBOTSFORD,
VIC 3067
TELEPHONE (613) 9824 2916
ASSOCIATED
ENTITY Persian Bazaar Handmade Designer
Carpets p/L
BANK COMMONWEALTH
BANK OF AUSTRALIA
ANZ
BANKING GROUP
EMPLOYEES 7
BACKGROUND
The subject was incorporated in Victoria on 2 September 1999 under the current style.
Operations were established in 1999.
OPERATIONS
The subject operates in the import and retail distribution of hand made oriental rugs and carpets.
Activities are conducted from leased 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 Shahrokh Feghhinedjad, he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was released.
As a result, details pertaining to the subjects current trading and financial position were unable to be obtained for the current enquiry.
Previous investigation’s revealed that for the financial year ended 30
June 2009 the subject traded profitably and recorded revenue of $4,000,000.
The subject is noted to maintain financing facilities with the ANZ
Banking Group and Ali Feghhinedjad which are secured by fixed and floating
registered charges.
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 Victoria on 2 September 1999 under the current style.
Operations were established in 1999.
Details pertaining to the subjects current trading and financial position were unable to be obtained for the current enquiry.
Previous investigation’s revealed that for financial year ended 30 June 2009 the subject traded profitably and recorded revenue of $4,000,000.
The subject is noted to maintain financing facilities with the ANZ Banking Group and Ali Feghhinedjad which are secured by fixed and floating registered charges.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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.