MIRA INFORM REPORT

 

 

Report Date :           

01.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

UAL PTY LTD

 

 

Formerly Known As :

Umow Lai P/L

 

 

Registered Office :

10 Yarra Street,South Yarra, VIC 3141

 

 

Country :

Australia

 

 

Date of Incorporation :

08.08.1991

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Subject is holding entity for a group involved as a multi-disciplinary Building Services Engineering and Sustainability (ESD) consultancy

 

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 GIVEN

 

UMOW LAI

 

SPECIAL NOTE                         The group comprises of a number of companies that use the Umow Lai trading name. The holding entity for the group is UAL Pty Ltd. The following report was subsequently conducted on this entity.                     

 

           

REGISTERED NAME      

 

UAL PTY LTD

ACN: 053 008 370

ABN: 52 053 008 370

 

     

CORPORATE SEARCH

 

Incorporation State: VIC

 

Incorporation Date: 08 AUG 1991

 

Registered Office

10 YARRA STREET,

SOUTH YARRA

VIC 3141

 

Registered Charges: 3

2010690

Registered 12 JUL 2010

Fixed

TOYOTA FINANCE AUSTRALIA LTD (002435181)

 

1137611

Registered 08 MAR 2005

Fixed

WESTPAC BANKING CORPORATION (007457141)

 

738069

Registered 25 FEB 2000

Both Fixed &Floating

WESTPAC BANKING CORPORATION (007457141)

 

Current Directors Total: 9

 

ANDREW JAMES OXLEY – Appointed: 05 JUL 2010

9 DARLINGTON Avenue WHEELERS HILL, Victoria

DOB: 04 APR 1968

 

ANTHONY MARK MATTHEWS – Appointed: 05 JUL 2010

33 FERNDALE Road NORMANHURST, New South Wales

DOB: 11 APR 1975

 

PATRICK JOSEPH ELLIOTT – Appointed: 05 JUL 2010

10 DORRINGTON Street POINT COOK, Victoria

DOB: 07 DEC 1966

 

SHANE ROGER ESMORE – Appointed: 01 AUG 2008

37 WILSON Street MOONEE PONDS, Victoria 3039

DOB: 19 APR 1970

 

GLEN NORMAN PEDERICK – Appointed: 01 JUL 2006

2 DELLA TORRE Crescent IVANHOE, Victoria 3079

DOB: 27 OCT 1963

 

KEN KEE-KONG LOH – Appointed: 01 JUL 2006

23 KENNEDY Street GLEN WAVERLEY, Victoria

DOB: 29 NOV 1963

 

DAVID KENNETH UHLHORN – Appointed: 01 SEP 2004

10 SKYE Court CHELSEA HEIGHTS, Victoria 3196

DOB: 24 AUG 1957

 

ELIZABETH ANNE COE – Appointed: 01 SEP 2004

9 ROSTELLA Court WHEELERS HILL, Victoria 3150

DOB: 24 FEB 1953

 

DOMINIC LAI – Appointed: 08 AUG 1991

10 YARRA Street SOUTH YARRA, Victoria 3141

DOB: 04 DEC 1956

 

Share Structure - Classes Total: 1

Class Shares Issued Amount Paid Amount Due

ORD ORDINARY SHARES: 2 – Amount paid: $4 $

 

Shareholders Total: 2

ORD 1 - LACHO ENTERPRISES PTY. LTD.

ORD 1 - JAB VENTURES PTY. LTD. 119261595

 

 

BUSINESS STRUCTURE

 

HEAD OFFICE              10 Yarra St

                                    SOUTH YARRA, VIC 3141                                             

 

TELEPHONE                 (613) 9249 0288

 

FACSIMILE                   (613) 9249 0299

 

ASSOCIATES                           UMOW LAI P/L

UMOW LAI COMMUNICATIONS P/L

UMOW LAI ENGINUITY P/L

UMOW LAI NSW P/L

UMOW LAI VIC P/L

UMOW LAI ENGINEERS P/L

 

BRANCHES                              CROWS NEST, NSW

                                                BRISBANE, QLD

 

BANK                                       WESTPAC BANKING CORPORATION

                                               

EMPLOYEES                            150      

 

 

BACKGROUND

 

The subject was incorporated in Victoria on 8 August 1991 as Umow Lai & Associates P/L changing name on 8 February 2008 to Umow Lai P/L before adopting the current style on 1 July 2010.

 

 

OPERATIONS

 

The subject operates as a holding entity for a group involved as a multi-disciplinary Building Services Engineering and Sustainability (ESD) consultancy.

 

Activities include:

Mechanical Services

Electrical services

Sustainability

Hydraulic and water management services

Information and communication technology

Vertical transportation

Fire protection

Fire engineering

Laboratory risk

 

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

 

 

ADVERSE

                                               

A search of of on 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 the subjects Business Manager Gwen Welshman she confirmed the subjects search and operational details, before requesting that any further queries pertaining to the subject must be conducted in writing. An email was subsequently sent to her at gwen.welshman@umowLai.com.au.

 

Upon re-establishing contact with Ms Welshman, she advised that she had consulted with the subjects Managing director and advised that he was not interested in provided any details pertaining to the subject for the current enquiry.

 

As a result, details relating to the subjects trading and financial position were unable to be obtained.

 

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.

 

On June 9 June, 2010, the Queensland Government appointed Umow Lai to master plan the new $1.97 billion Sunshine Coast University Hospital.

 

Projects undertaken by the subject include the following:

 

Pixel Office Building – Carlton Victoria – Value $4,000,000. The subject provided sustainable design and engineering services for the project.

 

·         ANZ Centre - 833 Collins Street, Victoria Harbour (Tenancy fit out)

·         367 Collins Street, Melbourne - Numerous tenancy fit outs and alterations to the base building

·         385 Bourke Street, Melbourne - Refurbishment of this 41-storey office tower and two-level Galleria Shopping Centre

·         Melbourne Airport Staff Accommodation

·         Airservices Australia – New Melbourne Technology and Asset Services Building (ESD Consultancy)

·         Grosvenor Place Refurbishment – 225 George Street, Sydney

·         Mt Isa Airport - Extension of the airport

·         FKP House - 17-19 Bridge Street, Sydney (Refurbishment and tenancy fitout)

·         228 Pitt Street, Sydney (Refurbishment)

·         Crown Casino, Melbourne - West End Food and Beverage project (Hydraulic Services)

·         AMP – Level 17, 50 Bridge Street, Sydney (refurbishment)

 

 

TRADE SURVEY

 

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

 

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

 

 

 

 

SUMMARY

 

The subject was incorporated in Victoria on 8 August 1991 as Umow Lai & Associates P/L changing name on 8 February 2008 to Umow Lai P/L before adopting the current style on 1 July 2010.

 

Details pertaining to the subject’s financial and trading 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.

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.03

UK Pound

1

Rs.74.43

Euro

1

Rs.64.75

 

 

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.