MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ZIMMERMANN WEAR PTY. LIMITED |
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Formerly Known As : |
Zimmermann Clothing
P/L |
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Registered Office : |
17, 383 Kent St, Sydney, Nsw 2000 |
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Country : |
Australia |
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Date of Incorporation : |
29.11.1993 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Fashion Designers, Wholesalers and retailers |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Australia |
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
ZIMMERMANN WEAR PTY.
LIMITED
ACN: 062 643 609
ABN: 13 062 643 609
CORPORATE SEARCH
INCORPORATED 29 November 1993
REGISTERED ADDRESS 17,
383 Kent St
SYDNEY,
NSW 2000
SHARECAPITAL $138.75
SHAREHOLDERS ZIMMERMAN
HOLDINGS P/L Holds 1110 shares
DIRECTORS ZIMMERMANN,
Nicole
1a
Cambridge St
VAUCLUSE,
NSW 2030
Date
of Birth : 18.09.1967
Date
of Appointment : 29.11.1993
ZIMMERMANN,
Simone
3
Elliott St
NORTH
BONDI, NSW 2026
Date
of Birth : 07.04.1965
Date
of Appointment : 29.11.1993
SECRETARY ZIMMERMANN,
Simone
1a
Cambridge St
VAUCLUSE,
NSW 2030
REG’D CHARGES ASIC Charge Number : 501123
Date Registered : 2 August 1995
Status : Fixed
and Floating
Chargee/Trustee : National Australia
Bank Ltd
BUSINESS STRUCTURE
TRADING ADDRESS 120
Dunning Ave
ROSEBERRY
NSW 2018
TELEPHONE (612) 9697 9988
BRANCHES The
subject maintains a total of 14 branches
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 150
BACKGROUND
The subject was incorporated in New South Wales on 29 November 1993 as Zimmermann Clothing P/L, adopting the current style on 21 February 2000.
Operations were established as a new venture in 1993.
OPERATIONS
The subject operates as fashion designers, wholesalers and retailers.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of traced the following litigation listed against the subject
at that date.
Default Report
Listing
Account Number :
3393072263
Account Type :
telecommunications
Member :
Vodafone
Date :
29 July 2010
Amount :
$317
Reason :
Payment default
Assoc Code :
Company’s Account
Status :
Paid 10 May 2011
FINANCES
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current interview conducted with the subject’s financial controller, she confirmed the subjects search and operational details, however declined to provide any financial information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained during the current investigation.
In regards to asset backing, the subject is noted to own the premises located at the above listed trading address. A property search can be conducted at your request to confirm ownership.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
1. (Blacklink) Purchases average $20,000 to $30,000 per month on 30 day terms. Payment is met in 30 to 60 days and the account is considered satisfactory having been known for 10 years.
2. Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in New South Wales on 29 November 1993 as Zimmermann Clothing P/L, adopting the current style on 21 February 2000.
Operations were established as a new venture in 1993.
Details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.
In regards to asset backing, the subject is noted to own the premises located at the above listed trading address.
Please note abn062043609 is not part of the address. This number is the subjects ACN.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.42 |
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UK Pound |
1 |
Rs.72.49 |
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Euro |
1 |
Rs.63.87 |
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 |
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NB |
New Business |
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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.