MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
INTOUCH ULTIMA PTY LTD |
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Registered Office : |
Unit 3, |
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Country : |
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Date of Incorporation : |
29.09.2004 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Software Developer of point-of-sale, retail, customer
relationship management and access control solutions |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
REGISTERED NAME
INTOUCH ULTIMA PTY LTD
ACN: 111 179 269
ABN: 23 111 179
269
CORPORATE SEARCH
Incorporation
Date: 29 SEP 2004
Registered Office
UNIT 3,
WA 6005
Registered
Charges: 1
ESANDA FINANCE
CORPORATION LIMITED (004346043)
1642597
Registered - 02
JUN 2008
Fixed charge
Current Directors
Total: 2
KLAAS SYBRANDA –
Appointed: 29 SEP 2004
64 BASILDON Road
LESMURDIE,
DOB: 26 JUL 1953
CHRISTOPHER JOHN
HEBERLE – Appointed: 29 SEP 2004
DOB: 30 JUN 1965
Current
Secretaries Total: 1
CHRISTOPHER JOHN
HEBERLE – Appointed: 29 SEP 2004 UNIT 3 103 COLIN
Class Shares
ORD ORDINARY SHARE
- 2
Share capital
$2
Shareholders
Total: 2
ORD 1 -
CHRISTOPHER JOHN HEBERLE
BUSINESS STRUCTURE
TRADING ADDRESS Ground
Floor
TELEPHONE (618) 9322 9099
ASSOCIATED ENTITY INTOUCH ULTIMA -
BANK COMMONWEALTH
BANK OF
EMPLOYEES 10
13
(group)
BACKGROUND
The subject was incorporated in
Operations have been established for over 20 years when Klaas Sybranda and Chris Heberle first demonstrated a ticketing system, based on the Microsoft Windows operating system, to ski resorts in the early 1990s.
OPERATIONS
The subject operates as a software developer of point-of-sale, retail, customer relationship management and access control solutions for a wide variety of subscribers predominantly within the recreation industry.
The group has offices in
Activities are conducted from 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 Financial
Controller Peter Broburg he advised that for the last financial year ended 30
June 2010 the subject traded profitably and recorded revenue of $1,500,000.
For the same period the group recorded revenue of $2,500,000.
Slight trading improvements are forecast for the current financial year ending
30 June 2011.
The subject carries no stock on hand as all requirements are sourced to
project and client orders.
Current assets include receivables of $700,000.
The subject maintains no overdraft facilities or further external
borrowings as all operations are funded through the internal cashflows of the
company.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
· (Goodsons Imports) Nominated supplier failed to respond to correspondence despite chasing.
· (DH Technology) Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in
Operations have been established for over 20 years
For the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue of $1,500,000.
Slight trading improvements are forecast for the current financial year ending 30 June 2011.
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.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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 |
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.