MIRA
INFORM REPORT
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Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SEKTOR DISTIRBUTORS PTY LTD |
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Registered Office : |
Goodwin Chivas & Co |
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Country : |
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Date of Incorporation : |
25.11.2009 |
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Legal Form : |
Sektor Investments Ltd |
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Line of Business : |
Distribution of point of sale equipment including barcode scanners, cables, card printers, cash drawers, digital displays, keyboards, kiosk printers label printers, LCD monitors, mobile computing etc. |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
SEKTOR DISTIRBUTORS PTY LTD
ACN:
140 763 417
ABN:
54 140 763 417
CORPORATE SEARCH
Incorporation
Date: 25 NOV 2009
Registered
Office
GOODWIN CHIVAS
& CO
29-31
BAULKHAM HILLS
NSW 2153
Current
Directors Total: 5
RHYS ANTHONY
WARREN – Appointed: 10 MAY 2010
DOB: 03 NOV 1975
Resident
overseas
ANDRE VAN DUIVEN
– Appointed: 10 MAY 2010
DOB: 06 NOV 1963
Resident
overseas
MICHAEL DENNIS
BRYAN – Appointed: 10 MAY 2010
DOB: 02 MAR 1958
Resident
overseas
CAMERON ALLEN
ARNOLD – Appointed: 10 MAY 2010
DOB: 26 MAR 1975
JOHN EVELYN
DOB: 25 NOV 1949
Resident
overseas
GAVIN HILTON –
Appointed: 25 NOV 2009
DOB: 19 NOV 1973
Current
Secretaries Total: 1
JOHN EVELYN
WARREN GAVIN HILTON – Appointed: 25 NOV 2009
Share
Structure - Classes Total: 1
ORD ORDINARY
SHARES: 100 – Amount paid: $100
Shareholders
Total: 1
ORD 100 - SEKTOR
INVESTMENTS LIMITED
BUSINESS STRUCTURE
TRADING ADDRESS Unit 5,
POSTAL ADDRESS
TELEPHONE (612) 9947 1555
FACSIMILE (612) 9947 1599
BRANCH MT
HOLDING ENTITY SEKTOR INVESTMENTS LTD
ULTIMATE HOLDING
ENTITY SEKTOR
HOLDINGS LTD
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES 8
BACKGROUND
The subject was
incorporated in
Operations
commenced trading in
OPERATIONS
The subject operates in the distribution of point of sale
equipment including barcode scanners, cables, card printers, cash drawers,
digital displays, keyboards, kiosk printers label printers, LCD monitors,
mobile computing etc.
Activities are
conducted from premises located at the above listed trading address.
ADVERSE
A search of 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 subjects Financial Controller he advised
that operations commenced as a new venture in September 2010.
For the
financial year ended 31 March 2011 the subject traded profitably and recorded
revenue of $2,500,000.
On a projected
basis the subject expects to record revenue of $18,000,000 for the current
financial year ending 31 March 2012.
Current assets
include stock on hand of $1,500,000 and receivables of $800,000.
The subject
maintains access to a group financing facility with its bankers which is used
to assist in funding Working capital requirements.
Current
liabilities include creditors of $600,000.
Further details
pertaining to the subject’s financial position were unable to be obtained for
the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey
on the subject traced the following accounts:
1. (Epson)
Purchases average $150,000 to $200,000 per month on 30 day terms. Payment is
met in 30 days and the account is considered satisfactory having been known since
April 2009.
2. (Datalogic)
Purchases average over $15,000 per month on 30 day terms. Payment is met in 30
days and the account is considered satisfactory having been known since
September 2010.
SUMMARY
The subject was
incorporated in
Operations commenced trading in
For the financial year ended 31 March 2011
the subject traded profitably and recorded revenue of $2,500,000.
On a projected basis the subject expects to
record revenue of $18,000,000 for the current financial year ending 31 March
2012.
Enquiries in trade quarters revealed
satisfaction from suppliers contacted in dealing with the subject on a credit
basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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1 |
Rs.72.97 |
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Euro |
1 |
Rs.63.57 |
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 |
-- |
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.