MIRA INFORM REPORT

 

 

Report Date :           

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

DOMAIN PAPER (AUSTRALIA) PTY LTD

 

 

Registered Office :

43 Cleeland Rd, Oakleigh South, Vic 3167

 

 

Country :

Australia

 

 

Date of Incorporation :

16.08.2005

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Paper Merchants

 

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      

 

DOMAIN PAPER (AUSTRALIA) PTY LTD

 

ACN: 115 788 308

ABN: 49 115 788 308

 

 

CORPORATE SEARCH

 

INCORPORATED                       16 Aug 2005

 

REGISTERED ADDRESS           43 Cleeland Rd

                                                OAKLEIGH SOUTH, VIC 3167

 

SHARECAPITAL                        $1,560             

 

SHAREHOLDERS                     EICHHORN, William Joseph                   Holds 1,200

                                                NABURGS, Uldis Martin                         Holds 300

                                                JAGO, Richard                                      Holds 50

                                                DAVIS, Alan                                          Holds 10

 

DIRECTORS                              JAGO, Richard

                                                35 Westminster Dr

                                                ROWEVILLE, VIC 3178

 

                                                EICHHORN, William Joseph

                                                58 St Andrews St

                                                BRIGHTON, VIC 3186

                                               

                                                DAVIS, Alan

                                                404, 189 Graham St

                                                PORT MELBOURNE, VIC 3207

 

                                                NABURGS, Uldis Martin

                                                5 Jacks Pl

                                                RINGWOOD, VIC 3134              

                                                           

SECRETARY                            Not shown

 

REGISTERED CHARGES          Registered Charge Number     : 2152643

                                                Date Registered             : 29.03.2011

                                                Status                                       : Fixed

                                                Creditor                                     : ANZ Banking Group

 

Registered Charge Number     : 2133016

                                                Date Registered             : 21.022011

                                                Status                                       : Fixed

                                                Creditor                                     : ANZ Banking Group

 

Registered Charge Number     : 2040111

                                                Date Registered             : 01.09.2010

                                                Status                                       : Fixed

                                                Creditor                                     : ANZ Banking Group

 

Registered Charge Number     : 2016591

                                                Date Registered             : 16.07.2010

                                                Status                                       : Fixed

                                                Creditor                                     : William Joseph Eichhorn

 

Registered Charge Number     : 1414350

                                                Date Registered             : 09.02.2007

                                                Status                                       : Fixed

                                                Creditor                                     : BMW Australia Finance

 

Registered Charge Number     : 1410581

                                                Date Registered             : 31.01.2007

                                                Status                                       : Fixed and floating

                                                Creditor                                     : HSBC Bank Australia

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 43 – 47 Cleeland Rd

                                                OAKLEIGH SOUTH, VIC 3167

 

TELEPHONE                             (613) 9542 3900

 

MOBILE                                    0438 123 444

 

FACSIMILE                               (613) 9542 3949

 

BANK                                       ST GEORGE BANK

                                                           

EMPLOYEES                            10

 

           

BACKGROUND

 

The subject was incorporated in Victoria on 16 August 2005 to commence operations under the current style.

 

Operations commenced as a new venture in January 2006.

DIRECTORS PROFILES                         EICHHORN, William Joseph, Director was born on 4 April 1957 and was appointed to the subjects board on 12 October 2005. He maintains over 30 years experience in the paper industry and maintains an active role in the operations of the company.

                                               

                                                            DAVIS, Alan, Director was born on 5 May 1974    and was appointed to

the subjects board on 12 October 2005. He maintains 14 years experience in the paper             industry and maintains an active role in the operations of the company.

 

NABURGS, Uldis Martin Director was born on 4 April 1957 and was appointed to the subject’s board on 12 October 2005. He maintains 7 years experience in the paper industry and maintains an active role in the operations of the company.

 

OPERATIONS

 

The subject operates as paper merchants.

 

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, Alan Davis he declined to provide any details pertaining to the subject’s financial or trading position as a matter of company policy unless the source of the enquiry was released.

 

Subsequently details in this regard were unable to be obtained for the current enquiry.

 

The subject maintains a financing facility with the HSBC Bank, ANZ Bank, BMW Australia and Director William Eichhorn which are secured by registered charges.

 

TRADE SURVEY

 

During the current investigation, details pertaining to the subject’s suppliers were not provided.

 

As a result, a trade survey on the subject was unable to be conducted.

 

 

SUMMARY

 

The subject was incorporated in Victoria on 16 August 2oo5 to commence operations under the current style.

 

Operations commenced as a new venture in January 2006.

 

During the current interview investigation, details pertaining to the subjects trading and financial position were not provided.

 

The subject maintains a financing facility with the HSBC Bank, ANZ Bank, BMW Australia and Director William Eichhorn which are secured by registered charges.

 

           


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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.