MIRA INFORM REPORT

 

 

Report Date :           

02.06.2011

 

IDENTIFICATION DETAILS

 

Name :

PTY LTDCARMEL BOX (AUST) PTY LTD

 

 

Formerly Known As :

Belconnen P/L

 

 

Registered Office :

44 Hampden Road, Armadale, Vic 3143

 

 

Country :

Australia

 

 

Date of Incorporation :

16.09.1977

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

manufacture of designer packaging, stationery and giftwares

 

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      

 

PTY LTDCARMEL BOX (AUST) PTY LTD

ACN: 005 381 537

ABN: 33 005 381 537

 

 

CORPORATE SEARCH

 

Incorporation State: VIC

 

Registered Office

44 HAMPDEN ROAD,

ARMADALE

VIC 3143

 

Registered Charges: 3

 

ESANDA FINANCE CORPORATION LIMITED (004346043)

1622800

Registered 18 APR 2008

Fixed

 

ESANDA FINANCE CORPORATION LIMITED (004346043)

1171077

Registered 15 JUN 2005

Fixed

 

AUSTRALIA AND NEW ZEALAND BANKING GROUPLIMITED (005357522)

Both Fixed & Floating

794084

Registered 05 APR 2001

 

Current Directors Total: 1

 

LEON GRINWALD - Appointed: 30 NOV 1994

44 HAMPDEN Road ARMADALE, Victoria 3143

DOB: 25 JUN 1946

 

Current Secretaries Total: 1

 

LEON GRINWALD - Appointed: 12 NOV 1999

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 2 – Amount paid:$2

 

Shareholders Total: 1

 

ORD 2 - GRINWALD HOLDINGS PTY. LTD.

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 92 to 96 Albert Rd

                                                BRUNSWICK EAST, VIC 3057

 

TELEPHONE                             (613) 9388 0261

 

FACSIMILE                               (613) 9388 2032

 

TRADING STYLE                       HIPP

 

HOLDING ENTITY                          GRINWALD HOLDINGS P/L

 

BANK                                       ANZ BANKING GROUP

                                               

EMPLOYEES                            Not determined

 

           

BACKGROUND

 

The subject was incorporated in Victoria on 16 September 1977 as Belconnen P/L before adopting the current style on 9 August 1988.

 

                       

OPERATIONS

 

The subject operates in the manufacture of designer packaging, stationery and giftwares.

 

Products include gift bags, gift boxes, wine boxes, envelopes, hampers, stationery, Invitation kits, place cards, thank you cards, photo albums, guest books & journals.

 

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 Director Leon Grinwald he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was released.

 

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 ANZ 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 16 September 1977 as Belconnen P/L before adopting the current style on 9 August 1988.

                       

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 ANZ 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.44.89

UK Pound

1

Rs.73.85

Euro

1

Rs.64.76

 

 

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.