MIRA INFORM REPORT

 

 

Report Date :

18.02.2011

 

IDENTIFICATION DETAILS

 

Name :

SYDNEY ESSENTIAL OIL CO PTY LTD

 

 

Registered Office :

1/307 Anzac Parade, Kingsford, New South Wales 2032

 

 

Country :

Australia

 

 

Date of Incorporation :

04.04.2001

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

wholesale of aromatherapy oils and soaps

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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      

 

SYDNEY ESSENTIAL OIL CO PTY LTD

ACN: 096 439 299

ABN: 95 096 439 299

 

 

CORPORATE SEARCH

 

Incorporation Date:                     04 Apr 2001

 

Incorporation State:                    New South Wales

 

Registered Office                       1/307 ANZAC Parade

                                                KINGSFORD, New South Wales 2032 Australia

 

Charges                                    Date Registered: 21 Oct 2005

Chargee Name: 005 357 522 AUSTRALIA AND NEW

Charge Type: Fixed and floating charge

ASIC Charge No: 1221478

 

Number of Shares Issued:           2

 

Paid Capital:                              2

 

Shareholders                             MICHAEL SAMPERI

                                                Number of Shares: 1

 

DANIEL GALEA

Number of Shares: 1

 

Directors                                   SAMPERI, MICHAEL

Appointment Date: 04 Apr 2001

Date of Birth: 31 Jul 1970

Gender: Male

Address: 11 Camira St Maroubra, NSW 2035

Resident Overseas: No

 

GALEA, DANIEL

Appointment Date: 04 Apr 2001

Date of Birth: 30 May 1974

Gender: Male

Address: 7 Close St South Coogee, NSW 2034

Resident Overseas: No

 

Secretary                                  DANIEL GALEA AND OTHERS

                                                Appointment Date: 04 Apr 2001

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     4, 2 to 10 Fountain St

                                    ALEXANDRIA, NSW 2015

 

TELEPHONE                 (612) 9565 2828

 

FACSIMILE                    (612) 9519 8009

 

BANK                           ST GEORGE BANK      

                                               

EMPLOYEES                Not determined

           

 

BACKGROUND

 

The subject was incorporated in New South Wales on 4 April 2001 under the current style.

 

The subject was founded in 1997 by Michael Samperi and Daniel Galea

 

                                                                       

OPERATIONS

 

The subject operates in the wholesale of aromatherapy oils and soaps.

 

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

 

 

ADVERSE

                                               

A search of the of Credit Advantage Limited 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 investigation contact with Director Michael Samperi was unable to be established. Despite numerous messages being left, no reply has been received.

 

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

 

The subject maintains a financing facility with the ANZ Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

 

TRADE SURVEY

 

During the current investigation, details pertaining to the subject’s suppliers were unable to be obtained.

 

A trade survey on the subject was subsequently unable to be conducted.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 4 April 2001 under the current style.

 

The subject was founded in 1997 by Michael Samperi and Daniel Galea

                       

During the current investigation details relating to the subjects financial or trading position were unable to be obtained.

 

In view of the above the subject has been assigned with a rating of ‘NA 5’.

 

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.08

Euro

1

Rs.61.60

 

 

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

 

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.