MIRA INFORM REPORT

 

 

Report Date :

21.01.2011

 

IDENTIFICATION DETAILS

 

Name :

ROYAL TILES PTY LTD

 

 

Registered Office :

255 Parramatta Road, Auburn, Nsw 2144

 

 

Country :

Australia

 

 

Date of Incorporation :

23.08.1995

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

import and distribution of ceramic wall and floor tiles.

 

 

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      

 

ROYAL TILES PTY LTD

ACN: 070 840 729

ABN: 83 070 840 729

 

     

CORPORATE SEARCH

 

Incorporation State: NSW

 

Incorporation Date: 23 AUG 1995

 

Registered Office

255 PARRAMATTA ROAD,

AUBURN

NSW 2144

 

INDUSTRY CLASSIFICATIONS (ANZSIC 2006)

Division: MANUFACTURING (C)

Sub Division: Non-Metallic Mineral Product Manufacturing (20)

Group: Cement, Lime, Plaster and Concrete Product Manufacturing (203)

 

Registered Charges: 1

 

Both Fixed & floating

COMMONWEALTH BANK OF AUSTRALIA (123123124)

1101168 - Registered 11 NOV 2004

 

Current Directors Total: 1

 

WADIH HADDAD – appointed: 24 AUG 1995

255 PARRAMATTA Road AUBURN, NSW

DOB: 15 JAN 1961

 

Current Secretaries Total: 1

 

WADIH HADDAD

 

SHARES:

2

 

SHARE CAPITAL

$2

 

Shareholders

WADIH HADDAD                                               HOLDS 1 SHARE

ROYAL TILING PTY. LIMITED                             HOLDS 1 SHARE

                                               

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     255 Parramatta Rd

                                    AUBURN NSW 2144                             

 

TELEPHONE                 (612) 9748 0885

 

MOBILE                        0418 240 628

 

HOLDING ENTITY          ROYAL TILING P/L

 

BANK                           COMMONWEALTH BANK OF AUSTRALIA

                                               

EMPLOYEES                Not determined 

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 23 August 1995 under the current style.

 

Operations were founded in 1989.

 

 

OPERATIONS

 

The subject operates in the import and distribution of ceramic wall and floor tiles.

 

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

 

 

ADVERSE

                                               

A search of the 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 Director Wadih Haddad he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was revealed.

 

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

 

 

TRADE SURVEY

 

Details pertaining to the subjects suppliers were not disclosed for the current enquiry.

 

A trade survey was subsequently unable to be conducted.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 23 August 1995 under the current style.

 

Operations were founded in 1989.

 

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

                                               

           

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.58

UK Pound

1

Rs.72.73

Euro

1

Rs.61.45

 

 

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.