MIRA INFORM REPORT

 

 

Report Date :

27.01.2011

 

IDENTIFICATION DETAILS

 

Name :

BOUNTY ENTERPRISES PTY LTD

 

 

Registered Office :

Level 1 Ascot Centre, 152 Great Eastern Highway, Ascot, Wa 6104

 

 

Country :

Australia

 

 

Date of Incorporation :

21.10.1993

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Investment and Development Company

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

----

 

 

Litigation :

----

 

 

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 

 

BOUNTY ENTERPRISESPTY LTD

ACN: 062 155 104

 

           

CORPORATE SEARCH

                                               

Incorporation State:

 

Incorporation Date: 21 OCT 1993

 

Registered Office

LEVEL 1 ASCOT CENTRE,

152 GREAT EASTERN HIGHWAY,

ASCOT

WA 6104

 

Registered Charges: 3

 

Both Fixed &Floating

NATIONAL AUSTRALIA BANK LIMITED (004044937)

1971888 - Registered 11 MAY 2010

 

Both Fixed &Floating

KEYSCENE PTY LTD (075963781)

1777204 Registered - 16 APR 2009

 

Both Fixed &Floating

MICHAEL HORNE

500464 Registered - 28 JUL 1995

 

Current Directors Total: 1

JONATHON ROSS WARREN – appointed: 10 MAY 1995

42 BAY Road CLAREMONT, Western Australia 6010

DOB: 19 APR 1952

 

 

Current Secretaries Total: 1

RACHEL LEE KADIR

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES - 2

 

Share capital

$2

 

Shareholders Total: 1

 

ORD 2 - JONATHON ROSS WARREN 42 BAY ROAD CLAREMONT WA 6010 No

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     Level 1, 152 Great Eastern Highway

                                    ASCOT, WA 6104                                 

 

TELEPHONE                 (618) 9333 1711

 

AFFILATED ENTITIES    ASSURED HOSPITALITY P/L

                                    EXMOUTH MARINA VILLAGE P/L

CITY AND SUBURBAN GROUP P/L

 

BANK                           NATIONAL AUSTRALIA BANK

                                               

EMPLOYEES                Not determined 

 

 

BACKGROUND

 

The subject was incorporated in Western Australia on 21 October 1993 under the current style.

 

 

OPERATIONS

 

The subject is believed to operate as an investment and development company.

 

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

 

 

ADVERSE

                                               

A search 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 investigations contact with the subjects Financial Controller Peter Hussey was unable to be established.

 

During initial investigations numerous messages were left for Mr Hussey to contact our office. No reply was received. Eventually it was advised that he is on annual leave and is not due to return until Wednesday 2 February 2011.

 

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

 

Please note, this is an interim reply and upon contacting the subjects principals and receiving additional information this report will be updated and forwarded to your office.

 

 

TRADE SURVEY

 

During the current investigation, contact with the subject’s principals was unable to be established.

 

Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.

 

 

SUMMARY

 

The subject was incorporated in Western Australia on 21 October 1993 under the current style.

 

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

 

Please note, this is an interim reply and upon contacting the subjects principals and receiving additional information this report will be updated and forwarded to your office.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.53

UK Pound

1

Rs.72.78

Euro

1

Rs.62.14

 

 

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.