MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
LOCKSMITHS NOMINEES PTY LTD |
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Formerly Known As : |
Litherlond P/L |
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Registered Office : |
C/- Fordham, Level
35, |
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Country : |
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Date of Incorporation : |
15.02.1979 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Wholesale Distribution
of locksmiths supplies |
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
LOCKSMITHS NOMINEES PTY
LTD
ACN: 005 513 164
ABN: 73 809 492
283
CORPORATE SEARCH
Incorporation
Date: 15 FEB 1979
Registered Office
C/- FORDHAM
LEVEL 35,
VIC 3000
Registered
Charges: 2
1346123
Registered 29 AUG
2006
Fixed
NATIONAL AUSTRALIA
BANK LIMITED (004044937)
378042
Registered 12 MAR 1993
Both Fixed
&Floating
NATIONAL AUSTRALIA
BANK LIMITED (004044937)
Current Directors
Total: 1
MARK STUART JOHNSON
– Appointed: 25 SEP 1984
DOB: 03 FEB 1957
Current
Secretaries Total: 1
MARK STUART JOHNSON
– Appointed: 16 DEC 2004
BUSINESS STRUCTURE
TRADING ADDRESS
TELEPHONE (613) 9329 7222
FACSIMILE (613) 9329 2570
TRADING STYLE LOCKMITH SUPPLY CO
BRANCHES BOWEN HILLS, QLD
BANK NATIONAL AUSTRALIA BANK
EMPLOYEES Not provided
BACKGROUND
The subject was incorporated in
Operations were founded by Aubrey Findon Johnson in 1926.
OPERATIONS
The subject
operates in the wholesale distribution of locksmiths supplies including keys
locks, CCTV systems, tools and associated products.
Activities are conducted from leased premises located at the above listed trading address.
ADVERSE
A search of 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 Financial Controller Paul Newton heconfirmed the subjects search and operational details, however declined to provide any financial information unless the source of the enquiry was disclosed.
Subsequently details in this regard were unable to be obtained during the current investigation
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
The subject is
noted to operate in its capacity on behalf of the Locksmiths Supply Trust.
Unsecured creditors are placed at maximum risk when dealing with a trustee
company.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
1. (Assa Abloy) Purchases average $1,000,000 per month on 30 day terms. Payment is met in 30 days and the account is considered satisfactory having been known since 1987.
2. (Dorma Trading) Nominated supplier declined to provide a reference owing to company policy.
SUMMARY
The subject was incorporated in
Operations were founded by Aubrey Findon Johnson in 1926.
Details pertaining to the subjects financial position were unable to be obtained for the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.50 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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.