MIRA INFORM REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BEVILLES PTY LTD |
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Formerly Known As : |
Darm P/L |
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Registered Office : |
3, 257 Collins St, Melbourne, Vic 3000 |
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Country : |
Australia |
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Date of Incorporation : |
25.06.1974 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
retail of
Jewellery, Watches and Giftware |
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
BEVILLES PTY LTD
ACN: 005 064 308
ABN: 16 005 064
308
CORPORATE SEARCH
INCORPORATED 25 June 1974
REGISTERED ADDRESS 3, 257
Collins St
MELBOURNE,
VIC 3000
SHARECAPITAL $100,002
SHAREHOLDERS BEREICH
P/L Holds 100,002 shares
DIRECTORS BEVILLE, Keith Robert
11 Whenside Ave
TOORAK,
VIC 3142
SECRETARY BEVILLE, Keith Robert
11 Whenside Ave
TOORAK,
VIC 3142
REGISTERED
CHARGES Registered Charge Number :
325215
Date
Registered : 09.01.1992
Status : Fixed
and floating
Creditor :
Commonwealth Bank
BUSINESS STRUCTURE
TRADING ADDRESS Level
3, 257 Collins St
MELBOURNE, VIC 3000
TELEPHONE (613) 8665 9900
FACSIMILE (613) 8665
9955
TRADING STYLE BEVILLES JEWELLERY
BRANCHES The subject
maintains a total of 29 stores including the following branches:
AIRPORT WEST, VIC
3042
BROADMEADOWS,
VIC 3047
CHADSTONE,
VIC 3148
DONCASTER,
VIC 3108
RINGWOOD,
VIC 3134
FRANKSTON,
VIC 3199
GEELONG,
VIC 3220
GREENSBOROUGH, VIC 3088
MARIBYRNONG,
VIC 3032
WANTIRNA,
VIC 3152
PRESTON,
VIC 3072
KEYSBOROUGH,
VIC 3173
CHELTENHAM,
VIC 3192
HOPPERS
CROSSING, VIC
MELBOURNE,
VIC 3000
NARRE
WARREN, VIC 3805
MIRANDA,
NSW 2228
PARRAMATTA,
NSW 2150
BONDI
JUNCTION, NSW 2022
MODBURY,
SA 5092
OAKLAND
PARK, SA 5046
BANK COMMONWEALTH
BNAK OF AUSTRALIA
Branch:
Bourke St
MELBOURNE, VIC 3000
EMPLOYEES 700
BACKGROUND
The subject was incorporated in Victoria on 25 June 1974 as Darm P/L, adopting the current style on 6 August 1974.
The subject was formed to restructure the assets and operations of an existing business, which has origins that date back to 1934.
OPERATIONS
The subject operates in the retail of jewellery, watches and giftware.
The subject is also one of
Australia's largest online stores for jewellery, giftware and watches. The
subject stock a range of pieces such as gold and sterling silver, beads,
coloured stones, diamonds and pearls, designer watch brands Jag, Seiko and
Pierre Cardin plus giftware including dinner sets, cutlery, clocks and
figurines.
The subject has over 5000 products to choose from.
Administration activities are conducted from leased 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 investigation contact with the subject’s financial controller, Tony was unable to be established. Despite numerous messages being left, no reply has been received.
As a result, information relating to the subjects current trading and financial position were unable to be obtained for the current enquiry.
Previous investigations have revealed that for the last financial year
ended 30 June 2008, the subject traded profitably and recorded revenue of
$77,000,000.
The subject maintains a financing
facility with the Commonwealth Bank, which is secured by a registered charge
over certain fixed and floating assets of the company.
TRADE SURVEY
During the current investigation, details pertaining to the subject’s suppliers were unable to be obtained.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in Victoria on 25 June 1974 as Darm P/L, adopting the current style on 6 August 1974. Records disclose Share Capital of $100,002.
The subject was formed to restructure the assets and operations of an existing business, which has origins that date back to 1934.
Details pertaining to the subject’s current financial and trading position were unable to be obtained for the current enquiry.
For the financial year ended 30 June 2008, the subject traded profitably and recorded revenue of $77,000,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.72 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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.