MIRA INFORM
REPORT
PRELIMINARY
REPORT
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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BERJAK NOMINEES (VIC) PTY LTD |
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Formerly Known As : |
One Hundred and
Seventh Kapp Nominees P/L |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.05.1981 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
import and Export of scrap metal products and mineral sands |
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No. of Employees : |
9 to 10 |
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 : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Australia |
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 |
BERJAK NOMINEES (VIC)
PTY LTD
T/AS BERJAK &
PARTNERS
ACN: 005 829 863
ABN: 61 373 856 797
Incorporation
Date: 14 May 1981
Incorporation
State: Victoria
Registered Office 240
BAY Street
BRIGHTON,
Victoria 3186 Australia
Charges Date
Registered: 25 Sep 2006
Chargee Name: 004 044 937 NATIONAL AUSTRALIA
Charge Type: Fixed and floating charge
ASIC Charge No: 1359009
Date Registered: 25 Sep 2006
Chargee Name: 004 044 937 NATIONAL AUSTRALIA
Charge Type: Fixed and floating charge
ASIC Charge No: 1359007
Number
of Shares Issued: 2
Paid
Capital: 2
Shareholders SUSAN
JANET RICH
Number of Shares: 1
JACQUES RICH
Number of Shares: 1
Directors RICH,
JEREMY BENJAMIN
Appointment Date: 31 Jan 2003
Date of Birth: 15 Mar 1974
Gender: Male
Address: 10 WATTS Parade MOUNT ELIZA, Victoria 3930
Australia
Resident Overseas: No
RICH, SIMON CHARLES
Appointment Date: 30 Jul 1991
Date of Birth: 20 Apr 1970
Gender: Male
Address: 10 WATTS Parade MOUNT ELIZA, Victoria 3930
Australia
Resident Overseas: No
RICH, ADAM JOSHUA
Appointment Date: 30 Jul 1991
Date of Birth: 01 Nov 1971
Gender: Male
Address: 10 WATTS Parade MOUNT ELIZA, Victoria 3930
Australia
Resident Overseas: No
RICH, JACQUES
Appointment Date: 14 May 1981
Date of Birth: 05 Mar 1928
Gender: Male
Address: 10 WATTS Parade MOUNT ELIZA, Victoria 3930
Australia
Resident Overseas: No
RICH, SUSAN JANET
Appointment Date: 14 May 1981
Date of Birth: 18 Aug 1941
Gender: Female
Address: 10 WATTS Parade MOUNT ELIZA, Victoria 3930
Australia
Resident Overseas: No
Secretary JACQUES
RICH AND OTHERS
Appointment
Date: 14 May 1981
TRADING ADDRESS 240
Bay St
BRIGHTON,
VIC 3186
TELEPHONE (613) 9596 6999
FACSIMILE (613) 9596 8024
TRADING STYLE BERJAK & PARTNERS
BANK NATIONAL
AUSTRLAIA BANK
EMPLOYEES 9
to 10
The subject was incorporated in Victoria on 14 May 1981 as One Hundred
And Seventh Kapp Nominees P/L, before adopting the current style on 25 June
1981.
Operations were originally established as a new venture in 1954.
The subject operates in the import and export of scrap metal products and mineral sands.
Activities are conducted from premises located at the above listed trading address.
A search of failed to trace any litigation listed against the subject at that date.
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current interview conducted with the subjects fincnial controller, Joe, he requested that any queries pertaining to the subject be conducted in writing. An email was subsequently sent to him at Joe@berjak.com.au. Despite chasing a reply is yet to be received.
As a result, details pertaining to the subjects current trading and financial position were unable to be obtained for the current enquiry.
Previous investigations have revealed that for the financial year ended 30 June 2009 the subject traded profitably and recorded revenue of $17,000,000. This compares to revenue of $23,000,000 for the previous corresponding year ended 30 June 2008.
The subject maintains
a financing facility with the National Australia Bank, which is secured by a
registered charge over certain fixed and floating assets of the company.
Further
details pertaining to the subject’s financial position were unable to be
obtained for the current enquiry.
The subject is noted to operate in its capacity on behalf of the Berjak & Partners Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.
During the current investigation details pertaining to the subjects suppliers were not provided.
A trade survey on the subject was subsequently unable to be conducted.
The subject was incorporated in Victoria on 14 May 1981 as One Hundred and Seventh Kapp Nominees P/L, before adopting the current style on 25 June 1981.
Operations were originally established as a new venture in 1954.
Details pertaining to the subjects current trading and financial position were unable to be obtained for the current enquiry.
Previous investigations have revealed that for the financial
year ended 30 June 2009 the subject traded profitably and recorded revenue of
$17,000,000.
The subject is noted to operate in its capacity on behalf of the Berjak & Partners Trust. Unsecured creditors are placed at maximum risk when dealing with a trustee company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.28 |
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UK Pound |
1 |
Rs.88.25 |
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Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
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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.