MIRA INFORM REPORT

 

 

Report Date :

21.06.2011

 

IDENTIFICATION DETAILS

 

Name :

WORLD SHINER PTY LTD

 

 

Registered Office :

7/225 Clarence Street, Sydney, New South Wales 2000

 

 

Country :

Australia

 

 

Date of Incorporation :

21.10.1996

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

import and wholesale of diamond jewellery including rings, earrings, pendants and bracelets

 

 

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      

 

WORLD SHINER PTY LTD

ACN: 076 563 356

ABN: 90 076 563 356

 

 

CORPORATE SEARCH

 

Incorporation Date:                     21 Oct 1996

 

Incorporation State:                    New South Wales

 

Registered Office                       7/225 CLARENCE Street

                                                SYDNEY, New South Wales 2000 Australia

Public Record Information

Charges                                    Date Registered: 18 Jul 2005

Chargee Name: 005 357 522 AUSTRALIA AND NEW

Charge Type: Fixed and floating charge

ASIC Charge No: 1183923

 

Date Registered: 22 Sep 2003

Chargee Name: 004 346 043 ESANDA FINANCE COR

Charge Type: Fixed charge

ASIC Charge No: 981066

 

Number of Shares Issued:           10

 

Paid Capital:                              10

 

Shareholders                             TREASURE INVESTMENTS

                                                Number of Shares: 10

 

Directors                                   SHAH, MAULIN

Appointment Date: 05 Oct 2008

Date of Birth: 17 Aug 1977

Gender: Male

Address: 804/80 LORIMER Street DOCKLANDS, Victoria 3008 Australia

Resident Overseas: No

 

DOSHI, JIGGAR

Appointment Date: 16 Mar 2006

Date of Birth: 06 Jun 1977

Gender: Male

Address: 2004, 79 Albert St

BRISBANE, Queensland 4000 Australia

Resident Overseas: No

 

Secretary                                  ANAND MAHENDRA JHAVERI AND OTHERS

                                                Appointment Date: 26 Oct 1996

 

 

BUSINESS STRUCTURE

 

HEAD OFFICE              Suite 1103, 227 Collins St

                                    MELBOURNE, VIC 3000

 

TELEPHONE                 (613) 9654 6369

 

FACSIMILE                     (613) 9650 1401

 

BRANCHES                                           SYDNEY, NSW

                                                            BRISBANE, QLD

                                                               PERTH, WA

 

AFFILIATED ENTITIES The subject maintains affiliated entities in Belgium, India,                                                                

UK, Canada, Germany, Japan, Spain and Taiwan.

 

BANK                           ANZ BANKING GROUP 

                                               

EMPLOYEES                16

           

 

BACKGROUND

 

The subject was incorporated in New South Wales on 21 October 1996 to commence operations under the current style as a new venture.

 

           

OPERATIONS

 

The subject operates in the import and wholesale of diamond jewellery including rings, earrings, pendants and bracelets.

 

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 the Director, Maulin Shah, he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was revealed.

 

Details pertaining to the subjects trading and financial position were subsequently unable to be obtained for the current enquiry.

 

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

 

In regards to asset backing, the subject is noted to own the premises located at the above listed trading address. A property search can be conducted at your request to confirm ownership.

 

 

TRADE SURVEY

 

The subject imports most requirements. Details pertaining to the subject’s domestic suppliers were not provided.

 

A trade survey on the subject was subsequently unable to be conducted.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 21 October 1996 to commence operations under the current style as a new venture.

           

Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.

 

In regards to asset backing, the subject is noted to own the premises located at the above listed trading address.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.72.60

Euro

1

Rs.64.01

 

 

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

 

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.