MIRA INFORM
REPORT
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Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
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Name : |
CITY AND SUBURBAN GROUP PTY LTD |
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Formerly Known As : |
Hamstead P/L |
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Registered Office : |
Level 1 Ascot Centre,
152 Great Eastern Highway, |
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Country : |
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Date of Incorporation : |
31.01.1992 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Property Development and Management company undertaking two current projects |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment
Behaviour : |
---- |
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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
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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
CITY AND SUBURBAN
GROUP PTY LTD
ACN: 054 920 795
ABN: 57 727 120
601
CORPORATE SEARCH
Incorporation
Date: 31 JAN 1992
Registered
Office
LEVEL 1
152 GREAT
EASTERN HIGHWAY,
WA 6104
Registered
Charges:
1943094 -
Registered 15 MAR 2010
Fixed
NATIONAL
AUSTRALIA BANK LIMITED (004044937)
1460966 -
Registered 01 JUN 2007
ESANDA FINANCE
CORPORATION LIMITED (004346043)
Fixed
982603
Registered- 06 OCT 2003
Both Fixed
&Floating
NATIONAL
AUSTRALIA BANK LIMITED
894074
Registered - 04 OCT 2002
Fixed
ESANDA FINANCE
CORPORATION LIMIT
Current Directors
Total: 2
RACHEL LEE KADIR
– appointed: 24 APR 2007
5 YALGAN Pass
CANNING VALE,
DOB: 25 JUL 1969
JONATHON ROSS
WARREN – appointed: 09 FEB 1995
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
BUSINESS STRUCTURE
TRADING
ADDRESS Level 1, 152 Great Eastern
Highway
TELEPHONE (618)
9333 1711
AFFILATED ENTITIES ASSURED HOSPITALITY P/L
BOUNTY
ENTERPRISES P/L
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES Not
determined
BACKGROUND
The subject was
incorporated in
OPERATIONS
The subject is believed to operate as a property development and management company undertaking two current projects
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·
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.
The subject is noted to operate in its capacity on behalf of the Hamstead Unit Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.
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
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.53 |
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1 |
Rs.72.78 |
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Euro |
1 |
Rs.62.14 |
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.