MIRA INFORM REPORT

 

 

Report Date :           

30.05.2011

 

IDENTIFICATION DETAILS

 

Name :

BRIGHT AND BEAUTIFUL AUSTRALIA PTY LTD

 

 

Registered Office :

Rob Baker & Associates, Suite 28, 1-5 Jacobs Street, Bankstown Nsw 2200

 

 

Country :

Australia

 

 

Date of Incorporation :

12.02.2007

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

wholesalers and importers of Diamond

 

 

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

 

REGISTERED NAME      

 

BRIGHT AND BEAUTIFUL AUSTRALIA PTY LTD

ACN: 123 883 054

ABN: 61 123 883 054

 

     

CORPORATE SEARCH

 

Incorporation Date: 12 FEB 2007

 

Registered Office

ROB BAKER & ASSOCIATES

SUITE 28,

1-5 JACOBS STREET,

BANKSTOWN

NSW 2200

 

Current Directors Total: 1

 

BAKULA MANOJKUMAR DOSHI - Appointed: 30 SEP 2009

2202/199 CASTLEREAGH Street SYDNEY, New South Wales 2000 Australia

DOB: 13 NOV 1962

 

Current Secretaries Total: 1

 

BAKULA MANOJKUMAR DOSHI - Appointed: 30 SEP 2009

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 1 – Amount paid: $1

 

Shareholders Total: 1

 

ORD 1 - BAKULA MANOJKUMAR DOSHI

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     unit 2202, 197 Castlereagh St

                                    SYDNEY NSW 2000                             

 

TELEPHONE                 (612) 9264 7778

 

BANK                           Not determined

                                               

EMPLOYEES                2 (active Director and her husband)         

 

BACKGROUND

 

The subject was incorporated in New South Wales on 12 February 2007 to commence operations under the current style as a new venture.

 

 

OPERATIONS

 

The subject operates as Diamond wholesalers and importers.

 

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 Manager, Mr Doshi he advised that for the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue of $1,500,000 to $2,000,000.

 

A similar result is forecast for the current financial year ending 30 June 2011.

 

Further details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

1.         (Cronulla Customs) nominated supplier was unable to failed to be contacted for the current enquiry.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 12 February 2007 to commence operations under the current style as a new venture.

 

for the last financial year ended 30 June 2010 the subject traded profitably and recorded revenue of $1,500,000 to $2,000,000.

 

A similar result is forecast for the current financial year ending 30 June 2011.

                                   


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.21

UK Pound

1

Rs.74.31

Euro

1

Rs.64.40

 

 

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.