MIRA INFORM REPORT

Report Date :

27.07.2011

IDENTIFICATION DETAILS

Name :	ACCESS FASTENERS AUSTRALIA PTY LTD

Registered Office :	Daish Harrop Pty Ltd, 6 Lux Way, Brunswick, Vic 3056

Country :	Australia

Date of Incorporation :	12.02.2003

Legal Form :	Proprietary Company

Line of Business :	import and distribution of fasteners, abrasives, hand tools, silcones and adhesives and cutting tools

RATING & COMMENTS

MIRA’s Rating :

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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Australia

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

REGISTERED NAME

ACCESS FASTENERS AUSTRALIA PTY LTD

ACN: 103 704 481

ABN: 12 103 704 481

CORPORATE SEARCH

Incorporation State: VIC

Incorporation Date: 12 FEB 2003

Registered Office

DAISH HARROP PTY LTD

6 LUX WAY,

BRUNSWICK

VIC 3056

Registered Charges: 1

Both Fixed &Floating

OXFORD FUNDING PTY. LTD. (065663176)

1306192

Registered 30 MAY 2006

Current Directors Total: 2

PAUL WELSH – Appointed: 12 FEB 2003

12 O KEEFE Street BELLFIELD, Victoria

DOB: 12 APR 1962

JOHN DAVID GEE – Appointed: 12 FEB 2003

34 TOORA Drive WESTMEADOWS, Victoria 3049

DOB: 11 OCT 1951

Current Secretaries Total: 1

PAUL WELSH – Appointed: 12 FEB 2003

Share Structure - Classes Total: 1

ORD ORDINARY SHARES: 12 – Amount paid: $12

Shareholders Total: 2

ORD 6 - JOHN DAVID GEE

ORD 6 - PAUL WELSH

BUSINESS STRUCTURE

TRADING ADDRESS 17 Merola Way

CAMPBELLFIELD, VIC 3061

TELEPHONE (613) 9357 7717

FACSIMILE (613) 9357 7080

BRANCHES MADDINGTON WA

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in Victoria on 12 February 2003 under the current style.

OPERATIONS

The subject operates in the import and distribution of fasteners, abrasives, hand tools, silcones and adhesives and cutting tools.

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 interview conducted with Director Paul Walsh, he 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 trading and financial position were unable to be obtained for the current enquiry.

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 12 February 2003 under the current style.

Details 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.44.29
UK Pound	1	Rs.72.37
Euro	1	Rs.64.17

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.