MIRA INFORM REPORT

 

 

Report Date :           

09.06.2011

 

Note: The above given address is an old address of the subject and is no longer relevant to its operations.

 

IDENTIFICATION DETAILS

 

Name :

ALBA HOLDINGS PTY LTD

 

 

Registered Office :

CCC/ Galluccio Griggs, 620 Newcastle Street, Leederville, Wa 6007

 

 

Country :

Australia

 

 

Date of Incorporation :

03.07.1995

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Pre Press, Printing and Finishing Company

 

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 

 

ALBA HOLDINGS PTY LTD

ACN: 070 111 116

ABN: 98 369 321 245

 

 

CORPORATE SEARCH

 

Incorporation State: WA

 

Incorporation Date: 03 JUL 1995

 

Registered Office

CCC/ GALLUCCIO GRIGGS

620 NEWCASTLE STREET,

LEEDERVILLE

WA 6007

 

Registered Charges: 8

 

2032102

Registered 16 AUG 2010

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1943092

Registered 15 MAR 2010

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1838919

Registered 17 AUG 2009

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1426309

Registered 28 FEB 2007

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1386006

Registered 01 DEC 2006

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1332366

Registered

31 JUL 2006

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1095379

Registered 22 OCT 2004

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

Both Fixed & Floating

NATIONAL AUSTRALIA BANK LIMITED (004044937)

1081938

Registered

 

Current Directors Total: 4

 

AMIT KISHORILAL SHAH – Appointed: 01 JUN 2006

24 PAINE Court KARRINYUP, Western Australia

DOB: 17 MAR 1975

 

KISHORILAL RAMJI SHAH – Appointed: 06 FEB 1997

24 PAINE Court KARRINYUP, Western Australia

DOB: 07 JUN 1937

 

ATISHKUMAR KISHORILAL SHAH – Appointed: 01 SEP 1995

59 DUNROSSIL Place WEMBLEY DOWNS,

DOB: 23 SEP 1967

 

RAMESHBHAI HARMANBHAI PATEL – Appointed: 04 JUL 1995

20A SEAFORTH Road BALCATTA, Western Australia

– Appointed: 30 JUL 1953

 

Current Secretaries Total: 1

 

RAMESHBHAI HARMANBHAI PATEL – Appointed: 04 JUL 1995

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 148 – AMOUNT PAID: $148

 

Shareholders Total: 2

 

ORD 112 - KISHORILAL RAMJI SHAH

ORD 36 - RAMESHBHAI HARMANBHAI PATEL

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     8 to 10 Babel Rd

                                    WELSHPOOL, WA 6106

 

TELEPHONE                 (618) 6254 9999

 

TRADING STYLES          QUALITY PRESS

                                        Q PRINT ONLINE

                                            PACIFIC PRINTING CO                                                                 

 

BANK                           NATIONAL AUSTRALIA BANK

                                                           

EMPLOYEES                65

 

           

BACKGROUND

 

The subject was incorporated in Western Australia on 3 July 1995 to commence operations under the current style.

           

           

OPERATIONS

 

The subject operates as a pre press, printing and finishing company.

 

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 the subjects Financial Controller he confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.

 

Subsequently details in this regard were unable to be obtained during the current investigation.

 

The subject maintains a financing facility with the National Australia Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

 

The subject is noted to operate in its capacity on behalf of the Alba Unit Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

·         (CPI Paper) Subject operates a large account on 45 day terms. Payment is met in 45 to 60 days and the account is considered satisfactory.

 

·         (Spicers) Nominated supplier failed to respond to correspondence despite chasing.

 

 

SUMMARY

 

The subject was incorporated in Western Australia on 3 July 1995 to commence operations under the current style.

                       

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 National Australia Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

 

The subject is noted to operate in its capacity on behalf of the Alba Unit Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.61

UK Pound

1

Rs.73.28

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.