MIRA INFORM REPORT

 

 

Report Date :           

26.05.2011

 

Note:  Given the absence of financial and trading information we are unable to provide a credit limit at this time.

 

IDENTIFICATION DETAILS

 

Name :

BLUEGUM PHARMACEUTICALS PTY LTD

 

 

Formerly Known As :

Blooms Health Products P/L

 

 

Registered Office :

1-7 Doody Street, Alexandria, NSW 2015

 

 

Country :

Australia

 

 

Date of Incorporation :

05.07.1994

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

manufacturers of natural health care products, nutritional supplements, packaging, containers, sports foods, vitamins and minerals

 

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

 

 Bottom of Form

REGISTERED NAME 

 

BLUEGUM PHARMACEUTICALS PTY LTD

ACN: 065 528 574

ABN: 61 440 747 532

                                                           

     

CORPORATE SEARCH

 

Incorporation State: NSW

 

Incorporation Date: 05 JUL 1994

 

Registered Office

1-7 DOODY STREET,

ALEXANDRIA

NSW 2015

 

Registered Charges: 1

 

Both Fixed &Floating

NATIONAL AUSTRALIA BANK LIMITED (004044937)

2013934

Registered 13 JUL 2010

 

Current Directors Total: 1

 

BRETT JAMES DITCHFIELD – Appointed: 05 JUL 1994

5 GIBSON Street BRONTE, New South Wales 2024

DOB: 12 OCT 1957

 

Current Secretaries Total: 1

 

BRETT JAMES DITCHFIELD – Appointed: 05 JUL 1994

 

 

Share Structure - Classes Total: 1

ORD ORDINARY SHARES: 2 – Amount paid: $2 $

 

Shareholders Total: 1

 

ORD 2 - BRETT JAMES DITCHFIELD

                                               


 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 1- 7 Doody St

                                                ALEXANDRIA, NSW 2015

 

POSTAL ADDRESS                   PO Box 6193

                                                ALEXANDRIA, NSW 2015                                 

 

TELEPHONE                             (612) 9700 8850

 

FACSIMILE                               (612) 9700 8855

 

BANK                                       NATIONAL AUSTRALIA BANK

                                               

EMPLOYEES                            Not determined 

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 5 July 1994 as Blooms Health Products P/L changing name to the current style on 14 August 2009.

 

 

OPERATIONS

 

The subject operates as contract manufacturers of natural health care products, nutritional supplements, packaging, containers, sports foods, vitamins and minerals.

 

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 investigation all queries pertaining to the subject were forwarded to Director Brett Ditchfield. Contact with Mr. Ditchfield was unable to be established for the current enquiry. It was advised that he is presently overseas and is not due to return until next week.

 

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

 

Please note, this is an interim report and upon contact the subjects Director next week and receiving addition information this report will be updated and forwarded to your office.

 

The subject is noted to operate in its capacity on behalf of the Brett Ditchfield Family Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

 

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 New South Wales on 5 July 1994 as Blooms Health Products P/L changing name to the current style on 14 August 2009.

 

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

 

The subject is noted to operate in its capacity on behalf of the Brett Ditchfield Family Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.

 

Please note, this is an interim report and upon contact the subjects Director next week and receiving addition information this report will be updated and forwarded to your office.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.31

Euro

1

Rs.63.70

 

 

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.