MIRA INFORM
REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BBN UNIVERSAL PTY LTD |
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Registered Office : |
Suite 12, 58 The Boulevarde, Strathfieldnsw 2135 |
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Country : |
Australia |
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Date of Incorporation : |
05.09.2008 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Import and distribution of hardware and fabrication products including uni mesh, shade cloth, mig wire, clamps, tie wire, fence panel shoes etc. |
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
BBN UNIVERSAL PTY LTD
ACN: 133 103 492
ABN: 28 133 103
492
ADDRESS GIVEN 29,
323 Woodpark Rd
SMITHFIEILD,
NSW 2164
CORPORATE SEARCH
Incorporation
State: NSW
Incorporation
Date: 05 SEP 2008
Registered Office
SUITE 12,
58 THE BOULEVARDE,
STRATHFIELD
NSW 2135
Current Directors
Total: 1
SHWETA GUPTA –
Appointed: 05 SEP 2008
16 COTTON Grove STANHOPE
GARDENS, NSW
DOB: 01 OCT 1985
Share Structure -
Classes Total: 1
ORD SHARE: 100 –
amount paid: $100
Shareholders
Total: 1
ORD 100 - VED PRAKASH GUPTA
BUSINESS STRUCTURE
TRADING ADDRESS 29,
323 Woodpark Rd
SMITHFIEILD,
NSW 2164
TELEPHONE (612) 9757 4711
MOBILE 0423
225 230
FACSIMILE (612)
9757 4718
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 2 (Active
Director and his wife)
BACKGROUND
The subject was incorporated in New South Wales on 5 September 2008 to commence operations under the current style as a new venture.
OPERATIONS
The subject operates in the import and distribution of hardware and fabrication products including uni mesh, shade cloth, mig wire, clamps, tie wire, fence panel shoes etc.
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 Director Shweta Gupta he advised that for the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue of $2,000,000.
A similar result is forecast for the current financial year ending 30 June 2011.
Current assets include stock on hand of $250,000.
The subject maintains no overdraft facilities or further external borrowings as all operations are funded through the internal cashflows of the company.
Mr Gupta declined to release any further details pertaining to the subjects financial position for the current enquiry.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
· (Unispan Australia) Nominated supplier declined to provide a reference owing to company policy.
· (Durbo scaffolding) Nominated supplier was unable to be contacted for a reference.
SUMMARY
The subject was incorporated in New South Wales on 5 September 2008 to commence operations under the current style as a new venture.
For the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue of $2,000,000.
A similar result is forecast for the current financial year ending 30 June 2011.
The subject maintains no overdraft facilities or further external borrowings as all operations are funded through the internal cashflows of the company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.87 |
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UK Pound |
1 |
Rs.72.83 |
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Euro |
1 |
Rs.64.37 |
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.