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Report No. : |
334939 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
KIMING TRADING PTY LTD |
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Registered Office : |
Level 2 Rya Pty Ltd, 442, Murray Street Perth Wa,
6000 |
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Country : |
Australia |
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Date of Incorporation : |
29.04.1996 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Subject is engaged in retail of Asian groceries and related products. |
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No. of Employee : |
3 |
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.
AUSTRALIA - ECONOMIC OVERVIEW
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2015 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. Although demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports, sharp drops in current prices have already impacted growth. 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, although this trend could reverse or slow due to falling 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 entered into free trade agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the ten ASEAN countries and China, Japan, Korea, New Zealand and India. Australia is also working on the Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source
: CIA |
KIMING TRADING PTY
LTD
ACN:
073 780 588
ABN:
51 336 681 597
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Summary Panel |
||
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Established |
1996 |
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Incorporated |
1996 |
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Line of Business
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Retail of groceries |
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Status |
Trading |
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Chief Executive
Officer |
Ming Tran |
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Adverse Listings |
YES |
9 |
The subject has been
experiencing very tough trading conditions over the last few years which have
resulted in trading losses and the closure of a branch in Highgate.
In view of the
above and averse listings the subject has been assigned with a rating of NA 6.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 29 Apr 1996
Incorporation State WA
Registered Office LEVEL 2 RYA PTY LTD, 442
MURRAY STREET PERTH WA,
6000
Total: 2
Director Name NGUYEN, KIM DUNG
Appointment Date 29 Apr 1996
Date of Birth 20 Jul 1959
Place of Birth VIET NAM
Gender FEMALE
Resident Overseas N
Address 61 ARMADALE CRS, COOLBINIA
WA 6050
Document Number 0E9822133
Director Name TRAN, MING HOANG
Appointment Date 29 Apr 1996
Date of Birth 22 Jul 1957
Place of Birth VIET NAM
Gender MALE
Resident Overseas N
Address 61 ARMADALE CRS, COOLBINIA
WA 6050
Document Number 0E9822133
Total: 1
Secretary Name TRAN, MING HOANG
Appointment Date 29 Apr 1996
Date of Birth 22 Jul 1957
Place of Birth null VIET NAM
Address 61 ARMADALE CRESCENT
COOLBINIA WA, 6050
Document Number 0E9822133
Total: 2 Amount: $2
Class ORDINARY SHARES [ORD]
Number of Shares Issued 2
Paid Capital $2.00
Total Amount Due and Payable $0.00
Document Number 07378058G
Shareholder Name NGUYEN, KIM DUNG
Address 61 ARMADALE CRESCENT
COOLBINIA WA, 6050
Class ORD
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Shareholder Name TRAN, MING HOANG
Address 61 ARMADALE CRESCENT
COOLBINIA WA, 6050
Class ORD
Number Held 1
Beneficially Held Y
Fully Paid Y
Jointly Held N
Effective 30 January 2012 the Personal Property Securities Register (PPSR) was introduced to give the different Commonwealth, State and Territory laws and registers regarding security interests in personal property under one national system.
As a result of PPS Reform a number of existing Commonwealth, State and Territory personal property security registers will close. Interests registered on existing security interest registers will be migrated to the national PPS Register. Subsequently Registered Charges are no longer lodged with the Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS 405 to 407 William St
NORTHBRIDGE,
WA 6050
TELEPHONE (618) 93287 9570
TRADING STYLE DAILY SUPERMARKET
BANK WESTPAC BANKING
CORPORATION
EMPLOYEES 3
The subject was
incorporated in Western Australia on 29 April 1996 to commence operations under
the current style as a new venture.
The subject operates in the retail of Asian
groceries and related products.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 31 July 2015 traced the following litigation listed against the subject at
that date.
Payment Defaults Total: 2 Amount: $23,512
Original Account Details
Credit Provider SYNERGY
Date of Listing 14 Nov 2013
Amount $8,980
Reason to Report Payment Default
Update Account Details
Credit Provider SYNERGY
Date of Listing 14 Nov 2013
Amount $8,980
Reason to Report Payment Default
Account Number 366650830
Account Type Utilities
Default Status Outstanding
Original Account Details
Credit Provider SYNERGY
Date of Listing 25 Jun 2013
Amount $14,532
Reason to Report Payment Default
Update Account Details
Credit Provider SYNERGY
Date of Listing 25 Jun 2013
Amount $14,532
Reason to Report Payment Default
Account Number 0050469010
Account Type Utilities
Default Status Outstanding
Total: 2 Amount: $6,260
Action Date 03 Jun 2014
Amount $2,046.00
Creditor GENERAL PROVISIONS PTY LTD
Plaint Number 10595/14/WPER
Court Type Magistrates Court
Role in Court Action Principal
Co-Borrower -
Status Outstanding
Status Date -
Writ Type SUMMONS
Action Date 10 Jan 2014
Amount $4,214.00
Creditor VIHENTHICO PTY LTD
Plaint Number 290/14/WPER
Court Type Magistrates Court
Role in Court Action Principal
Co-Borrower -
Status Outstanding
Status Date -
Writ Type SUMMONS
Total: 5 Amount: $39,108
Action Date 16 Jul 2014
Amount $2,196.00
Creditor GENERAL PROVISIONS PTY LTD
Plaint Number 10595/14/WPER
Court Type Magistrates Court
Role in Court Action Principal
Action Date 28 Feb 2014
Amount $8,976.00
Creditor JOSH ISAKI PTY LTD
Plaint Number 13088/13/WPER
Court Type Magistrates Court
Role in Court Action Principal
Action Date 31 Jan 2014
Amount $4,488.00
Creditor VIHENTHICO PTY LTD
Plaint Number 290/14/WPER
Court Type Magistrates Court
Role in Court Action Principal
Co-Borrower -
Status Outstanding
Action Date 16 Oct 2013
Amount $20,148.00
Creditor PACIFIC WORLDWIDE PTY LTD
Plaint Number 00263560/13/2DWN
Court Type Local Court
Role in Court Action Principal
Action Date 28 Jun 2013
Amount $3,300.00
Creditor METCASH FOOD & GROCERY
CONVENI
Plaint Number 00121661/13/2PRR
Court Type Local Court
Role in Court Action Principal
Status Outstanding
The subject is
not required to lodge financial statements with the Australian Securities and
Investments Commission
During the
current interview conducted with the subjects Director Ming Tran, he advisedthat
the subject has been experiencing very tough trading conditions over the last
few yers which have resulted in trading losses and the closure of a branch in
Highgate.
Detailed
financial information was unable to be obtained for the current enquiry.
The subject
maintains no overdraft facilities as operations are funded through the
cashflows of the company.
A trade survey
on the subject traced the following accounts:
1. (Oriental Merchants) Nominated supplier
failed to respond to correspondence despite chasing.
2. (Ettason) Nominated supplier failed to
respond to correspondence despite chasing.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ASH |
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.