MIRA INFORM REPORT

 

 

Report Date :           

13.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SAN MARCO CERAMICS PTY LTD

 

 

Registered Office :

691 High Street Thornbury, Victoria 3071 Australia

 

 

Country :

Australia

 

 

Date of Incorporation :

19.11.1980

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

import and wholesale of a range of tiles and related products

 

 

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

 

REGISTERED NAME      

 

SAN MARCO CERAMICS PTY LTD

ACN: 005 742 003

ABN:

 

CREDIT REQUEST                   

 

 

CORPORATE SEARCH

 

Incorporation Date: 19 Nov 1980

 

Incorporation State: Victoria

 

Registered Office

691 HIGH Street THORNBURY, Victoria 3071 Australia

 

Charges

Date Registered: 01 Dec 2008

Chargee Name: 007 457 141 WESTPAC BANKING CO

Charge Type: Fixed charge

ASIC Charge No: 1725860

 

Date Registered: 13 Dec 1991

Chargee Name: 007 457 141 WESTPAC BANKING CO

Charge Type: Fixed and floating charge

ASIC Charge No: 322785

 

Number of Shares Issued: 4

 

Paid Capital: 4

 

Shareholders

Shareholder Name: LUIGI TURCO

Number of Shares: 2

 

Shareholder Name: GRAZIELLA TURCO

Number of Shares: 2

 

Current Directors

Director Name: TURCO, DOMENICO

Appointment Date: 10 Jun 2011

Date of Birth: 14 Nov 1960

Gender: Male

Address: 2 MOUNT Street EAGLEMONT, Victoria 3084 Australia

Resident Overseas: No

 

Director Name: TURCO, GRAZIELLA

Appointment Date: 19 Nov 1980

Date of Birth: 13 May 1941

Gender: Female

Address: 55 MALTRAVERS Road IVANHOE EAST, Victoria 3079 Australia

Resident Overseas: No

 

Director Name: TURCO, LUIGI

Appointment Date: 19 Nov 1980

Date of Birth: 11 May 1940

Gender: Male

Address: 55 MALTRAVERS Road IVANHOE EAST, Victoria 3079 Australia

Resident Overseas: No

 

Secretary

Secretary Name: LUIGI TURCO

Appointment Date: 11 Jun 1986

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     2 Hanrahan St

                                    THOMASTOWN, VIC 3074

 

TELEPHONE                 (613) 9466 4833

 

BANK                           WESTPAC BANKING CORPORATION   

                                               

EMPLOYEES                Not determined

           

 

BACKGROUND

 

The subject was incorporated in Victoria on 19 November 1980 under the current style.

 

Operations were originally established in 1972.

           

           

OPERATIONS

 

The subject operates in the import and wholesale of a range of tiles and related products including:

 

·         Ceramics

·         Porcelain

·         Natural Stones

·         Mosaics

·         Glass Tiles

·         Sandstone, Limestone, Bluestone

·         Pebbles

 

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

 

 

ADVERSE

                                               

A search of failed to trace any adverse findings 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 the subjects Financial Controller Ange, she declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was disclosed.

 

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 Westpac Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

 

TRADE SURVEY

 

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

 

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

 

 

SUMMARY

 

The subject was incorporated in Victoria on 19 November 1980 under the current style.

 

Operations were originally established in 1972.

           

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 Westpac Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.69

UK Pound

1

Rs.70.87

Euro

1

Rs.62.26

 

 

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.