MIRA INFORM REPORT

 

 

Report Date :

01.03.2011

 

IDENTIFICATION DETAILS

 

Name :

ANTEC ENGINEERINGPTY LTD

 

 

Registered Office :

9 Chicago Avenue, Blacktown, Nsw 2148

 

 

Country :

Australia

 

 

Date of Incorporation :

23.09.2005

 

 

Legal Form :

Prorpietray Company

 

 

Line of Business :

Manufacturer and supply products and components including refractory anchors, hexagonal mesh, ceramic fibre fixings and stainless steel reinforcing fibres.

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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      

 

ANTEC ENGINEERINGPTY LTD

ACN: 116 380 226

ABN: 23 116 380 226

 

 

CORPORATE SEARCH

 

Incorporation State: NSW

 

Incorporation Date: 23 SEP 2005

 

Registered Office

9 CHICAGO AVENUE,

BLACKTOWN

NSW 2148

 

Main Business Location

State: New South Wales

Postcode: 2148

 

Registered Charges: 1

Both Fixed &Floating

WESTPAC BANKING CORPORATION (007457141)

1395713

Registered 02 JAN 2007

 

Current Directors Total: 5

 

MICHAEL JOHN BRIGGS – Appointed: 15 DEC 2006

20 RYRIES Parade CREMORNE, New South Wales

DOB: 07 FEB 1960 Male

 

GARRY ANDREW CRAIG – Appointed: 15 DEC 2006

5 MALES Road MOOROODUC, Victoria 3933 Aus

DOB: 13 OCT 1960

 

CALEB JAMES HAYHOE – Appointed: 15 DEC 2006

19 JUL 1963

Resident overseas

 

JOHN ROBERT CLARE – Appointed: 15 DEC 2006

394 WILLARONG Road CARINGBAH, New South

DOB: 10 SEP 1959 Male

 

GRAHAM PETER MILLAR – Appointed: 23 SEP 2005

4 NICHOLII Place KENTHURST, New South Wales

DOB: 26 JUL 1949

 

Current Secretaries Total: 1

 

JOHN YOULL NESBITT – Appointed: 03 MAY 2007

 

Class Shares Issued Amount Paid Amount Due

ORD ORDINARY SHARES - 102500 – Amount paid: $159,027.1

 

Shareholders Total: 10

 

ORD 10000 - GRAHAM PETER MILLAR

ORD 10000 -CRAIG LAWRANCE NOMINEES

ORD 12500 -  TEXAS INCOME INC

ORD 12500 - BEST CONDUCT ENTERPRISES

ORD 16000 - JATOLI PTY LIMITED

ORD 2500 - JYN NOMINEES PTY. LIMITED 073376897

ORD 2500 - ROBERT JAMES GARDE

ORD 2500 - DAVID JOHN ALWIN

ORD 28000 - ADCLARE SERVICES PTY LTD

ORD 6000 - CHRISYL PTY LIMITED

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     9 Chicago Ave

                                    BLACKTOWN, NSW 2148                                 

 

TELEPHONE                 (612) 9622 9622

 

FACSIMILE                   (612) 9622 9199

 

BANK                           ST GEORGE BANK

                                               

EMPLOYEES                35        

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 23 September 1995 under the current style.

 

The subject was formed restore the assets and operations of a business that has been established for 25 years.

 

OPERATIONS

 

The subject operates in the manufacturer and supply products and components including refractory anchors, hexagonal mesh, ceramic fibre fixings and stainless steel reinforcing fibres.

 

The subject also supplies Paddle & Pan mixers, gunning, pumping and grouting equipment.

 

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 Financial Controller John Nesbitt, 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 Westpac Bank, which is secured by a registered charge over certain fixed and floating assets of the company.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

1.         (Val Bruna) Nominated supplier failed to respond to correspondence despite chasing

 

2.         (Thiessenkrupp) Nominated supplier failed to respond to correspondence despite chasing.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 23 September 1995 under the current style.

 

The subject was formed restore the assets and operations of a business that has been established for 25 years.

 

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

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.18

UK Pound

1

Rs.72.79

Euro

1

Rs.62.15

 

 

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.