MIRA INFORM REPORT

 

 

Report Date :           

21.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ODIN CERAMICS PTY LTD

 

 

Formerly Known As :

Meracus Nominees P/L

 

 

Registered Office :

Level 2, 35-37 Havelock Street, West Perth Wa 6005

 

 

Country :

Australia

 

 

Date of Incorporation :

04.02.1986

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

import and distribution of residential and commercial ceramic wall and floor tiles

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 

 

ODIN CERAMICS PTY LTD

ACN: 009 164 452

ABN: 77 014 494 640

 

     

CORPORATE SEARCH

 

Incorporation State: WA

 

Incorporation Date: 04 FEB 1986

 

Registered Office

LEVEL 2,

35-37 HAVELOCK STREET,

WEST PERTH

WA 6005

 

Current Directors Total: 3

 

DONALD JOHN EARNSHAW – Appointed: 22 JAN 1988

24 YARINGA Way CITY BEACH, Western Australia

DOB: 18 OCT 1943

 

FILIPPO DANZE – Appointed: 06 MAR 1986

18 MANAKOORA Rise SORRENTO, WA

DOB: 15 MAY 1941

 

DOMENIC ROSSI – Appointed: 06 MAR 1986

50 NEWCOMEN Road STIRLING, Western Australia

DOB: 06 MAR 1951

 

Current Secretaries Total: 1

 

FILIPPO DANZE – Appointed: 06 MAR 1986

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES - 10 – Amount Paid: $10

 

Shareholders Total: 5

ORD 1 -D.R. DEVELOPMENTS PTY LTD 009053310

ORD 1 - DONALD JOHN EARNSHAW

ORD 1 - FILIPPO DANZE

ORD 4 - PHIL DANZE CORPORATION PTY LTD

ORD 4 - WOODFIELD NOMINEES PTY LTD

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     99 Erindale Rd

                                    BALCATTA, WA 6021                           

 

TELEPHONE                 (618) 9344 1135

 

FACSIMILE                   (618) 9345 3130

 

BANK                           Not determined

                                               

EMPLOYEES                Not determined 

 

 

BACKGROUND

 

The subject was incorporated in Western Australia on 4 February 1986 as Meracus Nominees P/L before adopting the current style on 14 May 1986.

 

Operations have been established for over 30 years.

 

 

OPERATIONS

 

The subject operates in the import and distribution of residential and commercial ceramic wall and floor tiles.

 

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 investigations current investigation contact with the subject’s principals was unable to be established. It was advised that they are presently away and could not be contacted for the current enquiry.

 

As a result details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

 

TRADE SURVEY

 

During the current investigation, contact with the subject’s principals was unable to be established.

 

Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.

 

 

SUMMARY

 

The subject was incorporated in Western Australia on 4 February 1986 as Meracus Nominees P/L before adopting the current style on 14 May 1986.

 

Operations have been established for over 30 years.

 

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

 

 

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.09

UK Pound

1

Rs.72.82

Euro

1

Rs.63.43

 

 

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.