MIRA INFORM REPORT

 

 

Report Date :           

06.05.2011

 

IDENTIFICATION DETAILS

 

Name :

DRIALL (AUSTRALIA) PTY LTD

 

 

Formerly Known As :

Justmatter P/L

 

 

Registered Office :

C/- J S Felman And Associates, 24 Balcombe Road, Mentone, Vic 3194

 

 

Country :

Australia

 

 

Date of Incorporation :

10.02.1988

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Subject operates in the recycling and distribution of waste paper products.

 

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 – 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      

 

DRIALL (AUSTRALIA) PTY LTD

ACN: 006 918 298

ABN: 60 006 918 298

 

 

CORPORATE SEARCH

 

Incorporation State: VIC

 

Incorporation Date: 10 FEB 1988

 

Registered Office

C/- J S FELMAN AND ASSOCIATES

24 BALCOMBE ROAD,

MENTONE

VIC 3194

 

Registered Charges: 1

 

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (005357522)

Both Fixed & Floating

1307361

Registered 01 JUN 2006

 

Current Directors Total: 2

 

NORELLE VERONICA AMES – appointed: 26 OCT 2006

129 CENTRE Road LANGWARRIN, Victoria 3910

DOB: 25 FEB 1979

 

LENORE MARGARET WARDEN – appointed: 30 JUN 2004

5 GREENWOOD Court BOTANIC RIDGE, Victoria

DOB: 23 JAN 1948

 

Current Secretaries Total: 1

LENORE MARGARET WARDEN – appointed: 26 OCT 2006

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 2 – amount paid: $2

 

Shareholders Total: 1

 

ORD 2 - CHADECCA PTY. LTD.

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     5 Greenwood Ct

                                    BOTANIC RIDGE, VIC 3977

 

TELEPHONE                 (613) 9785 9444

 

HOLDING ENTITY            CHANDECCA P/L                                                                                           

 

BANK                           ANZ BANKING GROUP 

                                               

EMPLOYEES                Not determined

 

           

BACKGROUND

 

The subject was incorporated in Victoria on 10 February 1988 as Justmatter P/L before adopting the current style on 16 October 1989.

 

                       

OPERATIONS

 

The subject operates in the recycling and distribution of waste paper products.

 

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 director  Geoff Warden, he advised that the subject is not a significant seeker of commercial credit and declined to release or confirm any details pertaining to the subject unless the source of the enquiry was provided.

 

As a result, details pertaining to the subjects operating trading and financial position were 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.

 

 

TRADE SURVEY

 

Details pertaining to the subjects suppliers were not provided for the current enquiry.

 

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

 

 

SUMMARY

 

The subject was incorporated in Victoria on 10 February 1988 as Justmatter P/L before adopting the current style on 16 October 1989.

                       

Details pertaining to the subjects operating trading and financial position were 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.

 

                                               


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.57

UK Pound

1

Rs.73.58

Euro

1

Rs.66.23

 

 

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

----

NB

New Business

----

 

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.