MIRA INFORM REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ORAN LEATHER PTY LTD |
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Registered Office : |
11/ 15 Meadows Way,
Banksweadow, Nsw 2019 |
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Country : |
Australia |
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Date of Incorporation : |
31.01.2007 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
import and distribution of leather products and travel goods |
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
ORAN LEATHER PTY LTD
ACN: 123 695 698
ABN: 75 123 695 698
CORPORATE SEARCH
Incorporation
Date: 31 Jan 2007
Incorporation
State: New South Wales
Registered Office 11/
15 Meadows Way
BANKSWEADOW,
NSW 2019
Number of Shares
Issued: 100
Paid Capital: 100
Shareholders NAOMI SARAH OR
Number of Shares: 50
OFER OR
Number of Shares: 50
Directors OR, NAOMI SARAH
Appointment Date: 31 Jan 2007
Date of Birth: 01 Dec 1976
Gender: Female
Address: 11/15 MEADOW Way BANKSMEADOW, New South Wales 2019 Australia
Resident Overseas: No
OR, OFER
Appointment Date: 31 Jan 2007
Date of Birth: 21 Jun 1970
Gender: Male
Address: 11/15 MEADOW Way BANKSMEADOW, New South Wales 2019 Australia
Resident Overseas: No
Secretary NAOMI SARAH OR AND
OTHERS
Appointment
Date: 31 Jan 2007
BUSINESS STRUCTURE
TRADING ADDRESS 11/ 15 Meadows Way
BANKSWEADOW,
NSW 2019
TELEPHONE 1300 131 115
FACSIMILE 1300 416 418
BANK ANZ BANKING GROUP
EMPLOYEES Not determined
BACKGROUND
The subject was incorporated in New South Wales on 31 January 2007 under the current style.
The subject was formed to restructure the assets and
operations of an existing business that were formed in 2001.
OPERATIONS
The subject operates in the import and distribution of leather products and travel goods.
Products include handbags, wallets, diaries, luggage, key rings, man bags etc.
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 Naomi Or, she confirmed the subjects search and operational details however declined to provide any financial information as a matter of strict company policy.
Subsequently details in this regard were unable to be obtained for the current enquiry.
TRADE SURVEY
During the current investigation, it was advised that the subject imports most requirements. Only one supplier was subsequently able to be provided for a reference.
A trade survey on the subject traced the following accounts:
(UPS SCS) Nominated supplier is yet to respond to correspondence.
SUMMARY
The subject was incorporated in New South Wales on 31 January 2007 under the current style.
The subject was formed to restructure the assets and
operations of an existing business that were formed in 2001.
During the current investigation, details pertaining to the subject’s financial and trading position were unable to be obtained.
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.