MIRA INFORM REPORT
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Report Date : |
19.08.2011 |
IDENTIFICATION DETAILS
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Name : |
TECHPLUS DISTIRBUTION PTY LTD |
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Registered Office : |
Unit 1, 2-6
Apollo Court, Blackburn, Vic 3130 |
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Country : |
Australia |
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Date of Incorporation : |
19.09.2001 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
distribution of data, communications, networking, security, virtualization and information related 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 – 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
TECHPLUS DISTIRBUTION
PTY LTD
ACN: 098 204 534
ABN: 82 098 204 534
CREDIT REQUEST
CORPORATE SEARCH
Incorporation
State: VIC
Incorporation
Date: 19 SEP 2001
Registered Office
UNIT 1,
2-6 APOLLO COURT,
BLACKBURN
VIC 3130
Registered
Charges: 2
1722648
Registered 21 NOV
2008
Fixed
CAPITAL FINANCE
AUSTRALIA LIMITED (069663136)
1310156
Registered 08 JUN
2006
Fixed
TOYOTA FINANCE
AUSTRALIA LTD (002435181)
Current Directors
Total: 1
PAUL WILLIAM KERN
– Appointed: 01 JAN 2002
40 LEONARD Road
LILYDALE, Victoria 3140 Aus
DOB: 02 DEC 1969
Current
Secretaries Total: 1
PAUL WILLIAM KERN
– Appointed: 01 JAN 2002
Share Structure -
Classes Total: 1
ORD ORDINARY
SHARES:120 – Amount paid: $120 $0
Shareholders
Total: 2
ORD 60 - PAUL
WILLIAM KERN 40 LEONARD ROAD LILYDALE VIC 3140 No
ORD 60 - DAPHNE
KAY KERN 40 LEONARD ROAD LILYDALE VIC 3140 No
BUSINESS STRUCTURE
TRADING ADDRESS Unit
1, 2 Apollo Ct
BLACKBURN,
VIC 3130
TELEPHONE (613) 9005 2263
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 5
BACKGROUND
The subject was incorporated in Victoria on 19 September 2001 to commence operations under the current style as a new venture.
OPERATIONS
The subject operates in the distribution of data, communications, networking, security, virtualization and information related products.
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 the subjects Director Paul kern he advised that for the last financial year ended 30 June 2011 the subject traded profitably and recorded revenue of $4,000,000.
On a projected basis revenue of $4,000,000 to $5,000,000 is expected for the current financial year ending 30 June 2012.
The subject purchases a majority of requirements to client orders. Current assets include stock on hand of $150,000.
The subject maintains no overdraft facilities or further external borrowings as all operations are funded through the internal cashflows of the company.
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:
· (Star Track) Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in Victoria on 19 September 2001 to commence operations under the current style as a new venture.
for the last financial year ended 30 June 2011 the subject traded profitably and recorded revenue of $4,000,000.
On a projected basis revenue of $4,000,000 to $5,000,000 is expected for the current financial year ending 30 June 2012.
The subject maintains no overdraft facilities or further external borrowings as all operations are funded through the internal cashflows of the company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.61 |
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UK Pound |
1 |
Rs.75.32 |
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Euro |
1 |
Rs.65.68 |
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.