MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ENERGY INVEST PTY LTD |
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Registered Office : |
1 Bundy Place, |
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Country : |
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Date of Incorporation : |
12.02.2002 |
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Legal Form : |
Proprietary Limited Company |
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Line of Business : |
Commercial And Domestic Electrical Contractors Providing A
Range Of Products And Services Including Home Automation, CCTV, Voice And
Data Cabling, LED Lighting, And Audio Visual Installations. |
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 : |
Unknown |
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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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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 |
Company name
ENERGY INVEST PTY LTD
ACN: 099 564 744
ABN: 24 099 564 744
CORPORATE SEARCH
Incorporation Date: 12 FEB
2002
Registered Office
1 BUNDY PLACE,
Current Directors Total: 1
MARJAN ANGELOV – Appointed: 12 FEB 2002
1 BUNDY
DOB: 15 MAR 1969
Current Secretaries Total: 1
MARJAN ANGELOV – Appointed: 12 FEB 2002
Share Structure - Classes Total: 1
ORD ORDINARY SHARES: 2 – Amount paid: $2
Shareholders Total: 1
ORD 2 - MARJAN ANGELOV
BUSINESS STRUCTURE
TRADING ADDRESS 1
Bundy Place,
TELEPHONE (613)
9404 2421
FACSIMILE (613)
9404 2411
CONTROLLED ENTITY PURE
ICE VENDING P/L
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES 4
full time plus 1 part time
BACKGROUND
The subject was incorporated in
The subject was formed to restructure the assets and
operations of an existing business that was established in 1997.
OPERATIONS
The subject operates as commercial and domestic electrical
contractors providing a range of products and services including home
automation, CCTV, voice and data cabling, LED lighting, and audio visual
installations.
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 the subjects
Director Marjan Angelov he advised that for the last financial year ended 30
June 2011 the subject traded profitably and recorded revenue of $650,000.
A slight improvement in trading is forecast for the current
financial year ending 30 June 2012.
Current assets include stock on hand of $50,000 to $100,000
and receivables of $25,000.
The subject maintains a small financing facility with the
Westpac Bank which is used to assist in funding Working Capital requirements.
Current liabilities include creditors of $30,000 to $50,000.
Fixed assets include tools of trade and a motor vehicle
valued at $50,000.
In regards to asset backing director Marjan Agelov is
advised to own the premises located at the above listed trading address.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
1. Nominated
supplier failed to respond to correspondence despite chasing.
2. Nominated
supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in
The subject was formed to restructure the assets and
operations of an existing business that was established in 1997.
For the last financial year ended 30 June 2011 the subject
traded profitably and recorded revenue of $650,000.
A slight improvement in trading is forecast for the current
financial year ending 30 June 2012.
In regards to asset backing director Marjan Agelov is advised
to own the premises located at the above listed trading address.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.27 |
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1 |
Rs.73.34 |
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Euro |
1 |
Rs.64.58 |
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.