MIRA INFORM REPORT

 

 

Report Date :

29.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MECO AUSTRALIA PTY LTD

 

 

Registered Office :

CC/- Barnes Dowell James

Level 13, 122 Arthur Street, North Sydney Nsw 2060

 

 

Country :

Australia

 

 

Date of Incorporation :

28.07.1994

 

 

Legal Form :

Private Company

 

 

Line of Business :

Import and distribution of bathroom ware with products including basis, taps, bathtubs, showers, bidets, toilet suits, urinals, accessories and related supplies.

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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      

 

MECO AUSTRALIA PTY LTD

ACN: 065 846 915

ABN: 38 065 846 915

 

 

CORPORATE SEARCH

 

Incorporation State: NSW

 

Incorporation Date: 28 JUL 1994

 

Registered Office

CC/- BARNES DOWELL JAMES

LEVEL 13,

122 ARTHUR STREET,

NORTH SYDNEY

NSW 2060

 

Registered Charges: 5

1952463

Registered 01 APR 2010

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1941875

Registered 12 MAR 2010

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1655898

Registered 01 JUL 2008

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1636783

Registered 20 MAY 2008

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

 

Both Fixed &Floating

NATIONAL AUSTRALIA BANK LIMITED (004044937)

721262

Registered 29 OCT 1999

 

Current Directors Total: 1

 

NICHOLAS DIMITRI KROOPIN – Appointed: 28 JUL 1994

1 WERRINGTON Street BURRADOO, New South Wales

DOB: 09 SEP 1959

 

Current Secretaries Total: 1

 

NICHOLAS DIMITRI KROOPIN – Appointed: 08 AUG 1995

 

Share Structure - Classes Total: 1

 

ORD ORDINARYZ: 1000 – Amount paid: $1,000

 

Shareholders Total: 1

 

ORD 1000 - NICHOLAS DIMITRI KROOPIN

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 30 Stennett Rd

                                                INGLEBURN, NSW 2565                                   


POSTAL ADDRESS                   PO Box 923

                                                INGLEBURN, NSW 2565

 

TELEPHONE                             (612) 9618 6999

 

FACSIMILE                               (612) 9618 6444

 

BANK                                       NATIONAL AUSTRALIA BANK

                                               

EMPLOYEES                            Not determined 

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 16 May 2003 to commence operations under the currents style as a new venture

 

 

OPERATIONS

 

The subject operates in the import and distribution of bathroom ware with products including basis, taps, bathtubs, showers, bidets, toilet suits, urinals, accessories and related supplies.

 

Brands distributed include Gala, Duravit, Sanit, Dornbracht, Kludu and Meco.

 

Activities are conducted from premises located at the above listed trading address.

 

 

ADVERSE

                                               

A search of of failed totrace 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 Financial ControllerAlan Millward he requested that any queries pertaining to the subject be conducted in writing. An email was subsequently sent to alan.millward@meco.com.au.

 

Upon responding Mr Millward declined to release any details pertaining to the subject unless the source of the enquiry was released.

 

As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

 

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 New South Wales on 16 May 2003 to commence operations under the currents style as a new venture

 

Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

                                               

                                               


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.05

UK Pound

1

Rs.75.19

Euro

1

Rs.66.47

 

 

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.