MIRA INFORM REPORT

 

 

Report Date :

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

ABC DESIGNER PTY LTD

 

 

Registered Office :

2/50 BURWOOD Road Hawthorn, Victoria 3122

 

 

Country :

Australia

 

 

Date of Incorporation :

28.07.2006

 

 

Legal Form :

Proprietary Limited Company

 

 

Line of Business :

Import and distribution of oriental rugs.

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Australia

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address        

           

ABC DESIGNER PTY LTD

WOVEN TREASURES MELBOURNES FINEST RUGS

ACN: 120 976 187

ABN: 32 940 857 785

 

ADDRESS GIVEN                     1130 High St

                                                ARMADALE, VIC 3173              

 

 

CORPORATE SEARCH

 

Incorporation Date:                     28 Jul 2006

 

Incorporation State:                    Victoria

 

Registered Office                       2/50 BURWOOD Road

                                                HAWTHORN, Victoria 3122 Australia

 

Number of Shares Issued:           300

 

Paid Capital:                              300

 

Shareholders                             SHIVA KOINAKIS

Number of Shares: 100

 

PETER KOINAKIS

Number of Shares: 100

 

SHAHROKH FEGHHINEDJAD

Number of Shares: 100

 

Directors                                   KOINAKIS, SHIVA

Appointment Date: 24 Nov 2008

Date of Birth: 08 Jan 1968

Gender: Female

Address: 1/2 HALLIDAY Street MOUNT WAVERLEY, Victoria 3149 Australia

Resident Overseas: No

 

Secretary                                  SHIVA KOINAKIS

                                                Appointment Date: 28 Jul 2006

           

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 1130 High St

                                                ARMADALE, VIC 3173

 

TELEPHONE                             (613) 9500 9300

 

TRADING STYLES                     WOVEN TREASURE MELBOURNES FINEST RUGS

                                               

ASSOCIATED ENTITY               HOUSE OF PERSIA

 

BANK                                       COMMONWEALTH BANK OF AUSTRALIA        

                                               

EMPLOYEES                            4

           

 

BACKGROUND

 

The subject was incorporated in Victoria on 28 July 2006 under the current style.

 

The subject was formed to restructure the assets and operations of an existing business that were established in 1999.

 

 

OPERATIONS

 

The subject operates in the import and distribution of oriental rugs.

 

Activities are conducted from LEASED 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 interview conducted with Director Shiva Koinakis, she confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.

 

Subsequently details in this regard were unable to be obtained during the current investigation

 

The subject is noted to operate in its capacity on behalf of the ABC Designer Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

 

TRADE SURVEY

 

During the current investigation details pertaining to the subjects suppliers were not provided.

 

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

 

 

SUMMARY

 

The subject was incorporated in Victoria on 28 July 2006 under the current style.

 

The subject was formed to restructure the assets and operations of an existing business that were established in 1999.

 

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

The subject is noted to operate in its capacity on behalf of the ABC Designer Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

           

                       

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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

--

NB

                                       New Business

 

--

 

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.