MIRA INFORM REPORT

Report Date :

26.12.2014

IDENTIFICATION DETAILS

Name :	BAMBURY PTY LTD
Formerly Known As :	BAMBURY TEXTILES PTY LTD
Registered Office :	20 Hines Road, O'Connor Western, Australia WA 6163
Country :	Australia
Date of Incorporation :	26.07.1994
Com. Reg. No.:	065811949
Legal Form :	Australian Proprietary Company
Line of Business :	The Subject is engaged in design, importing, supplying and wholesaling of bedding, homeware and lifestyle products to retailers and other wholesale customers.
No. of Employee :	18 [Estimated]

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
Australia	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

AUSTRALIA - ECONOMIC OVERVIEW

The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.

Source : CIA

IDENTIFICATION
Verified
Subject name:	BAMBURY PTY LTD
Other style:	BAMBURY AUSTRALIA
Address:	20 Hines Road
Town:	O'Connor
State/province:	Western Australia
Zip/postal code:	WA 6163
Country:	Australia
Telephone:	+61 (8) 94189000
Fax:	+61 (8) 93317155
Email:	info@bambury.com.au andrew.lodge@bambury.com.au
Website:	www.bambury.com.au
EXECUTIVE SUMMARY
Date registered:	26-07-1994
Legal form:	Australian Proprietary Company
Share capital	AUD 2
Main activities:	Wholesaler of bedding, homeware and lifestyle products.
Employees:	18 (estimated)
REGISTRY DATA
Key Facts
Date registered:	26-07-1994
Legal form:	Australian Proprietary Company
Registration no:	ACN: 065811949
Registry auth.	Australian Securities & Investments Commission
Tax number:	ABN: 68 104 570 531 (The Trustee for the Lodge Family Trust)
Registry status:	Live/Active
Previous names:	The Subject initially operated under the name of BAMBURY TEXTILES PTY LTD and changed to the present style on 25-08-2003.
LEGAL FILINGS
Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None
MANAGEMENT & STAFF
Key Managers
Name:	Andrew Souttar Lodge
Job title:	Managing Director
Staff
No of employees	18 (estimated)
BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	Andrew Souttar Lodge
Board function:	Director and Company Secretary
Date appointed:	26-07-1994
Address:	50 North Street Cottesloe, WA 6011 Australia
Biography:	DOB: 12/10/1963 Birth Place: Perth, Western Australia
SHARE CAPITAL
Composition
Authorised:	AUD 2
Number/type:	2 ordinary shares
Share value:	AUD 1
Issued:	AUD 2
Paid-up:	AUD 2
Shareholders/Owners
How Listed	Full List
Composition
Name:	Andrew Souttar Lodge
No. of shares:	2 ordinary shares
% of shares:	100%
Address:	50 North Street Cottesloe, WA 6011 Australia
CORPORATE AFFILIATIONS
Structure
Name:	BAMBURY NEW ZEALAND LIMITED
Affiliation type:	Subsidiary (99.90% owned)
Address:	H2 59 Apollo Drive Mairangi Bay 0632 Auckland New Zealand Tel: +64 9 479 1375 Fax: +64 9 479 1376 Mobile: +64 21 746 288 Email: info@bambury.co.nz
Comment:	Company Number: 1515756 NZBN: 9429035380597 Incorporation Date: 17/05/2004
Comments	The Trustee for the Lodge Family Trust (ABN: 68 104 570 531) should be considered an affiliate of the Subject.
BANKING & FINANCING
Bankers
Bank name:	ST.GEORGE BANK LIMITED
Address:	Australia
Relationship type:	Current Account
Bank name:	WESTPAC BANKING CORPORATION
Address:	Australia
Relationship type:	Current Account
Comments	It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the Subject if banker's references are required.
FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A
Comments	Private Companies in Australia are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met: - The company has a sales turnover of over AUD 25,000,000; - The company has total assets of over AUD 12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of being a large proprietary company.
OPERATIONS & HISTORY
Activities
Full description:	The Subject is engaged in design, importing, supplying and wholesaling of bedding, homeware and lifestyle products to retailers and other wholesale customers.
Products/services:	Bathroom - Quilt Covers, Sheet Sets, Blankets Bedding Basics - Bedding Protection, Quilts, Pillows, Sonar Brand Homewares - Throw Rugs, Cushions Bathroom - Towels, Bath Mats, Robes Beach - Beach Towels, Poncho Pals
Purchases
Import:	China, India
Sales
Local:	Products are supplied to small boutique gift stores through to large supermarket chains and online retailers.
Export:	New Zealand
PROPERTY & ASSETS
Premises	The Subject's head office is located at the heading address.
PAYMENTS
Purchase Terms
Local:	Cash Credits 14-30 days
Imports:	L/Cs Credits 30 days net
Sales Terms
Local:	Cash Credits 14-30 days
Exports:	L/Cs Credits 30 days net
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.
INVESTIGATIVE NOTES
Sources:		Interviews and material provided by the Subject Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.46
UK Pound	1	Rs.98.51
Euro	1	Rs.77.31

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TPT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.