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Report No. : |
354486 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
JESTER
BAY P/L |
|
|
|
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Registered Office : |
30 Maxwell Street Blairgowrie Vic, 3942 |
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Country : |
Australia |
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|
|
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Date of Incorporation : |
28.06.1989 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates in the import and distribution of a range of souvenir
products specializing in tea towels. Other products include place mats and
table cloths. |
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|
|
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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.
|
Source
: CIA |
JESTER BAY P/L
ROSS TEXTILES
ACN 007265509
ABN 11007265509
Summary
Panel
|
||
|
Established |
30 years |
|
|
Incorporated |
1989 |
|
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Line of Business
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Distribution of place mats and promotional products. |
|
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Status |
Trading |
|
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Chief Executive
Officer |
David Yates |
|
Details
pertaining to the subject’s financial and trading position were unable to be
obtained for the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 28 Jun 1989
Incorporation State VIC
Registered Office 30 MAXWELL STREET
BLAIRGOWRIE VIC, 3942
Current Directors Total: 3
Director Name YATES, DAVID KENNETH
Appointment Date 29 Nov 2005
Date of Birth 22 Apr 1964
Place of Birth BOX HILL NSW
Gender MALE
Resident Overseas N
Address 13 FIELDEN CL, MOOROOLBARK
VIC 3138
Document Number 1E1597958
Director Name YATES, BARBARA HELEN
Appointment Date 28 Jun 1989
Date of Birth 11 Feb 1940
Place of Birth MELBOURNE VIC
Gender FEMALE
Resident Overseas N
Address 30 MAXWELL ST, BLAIRGOWRIE
VIC 3942
Document Number 1E1567861
Director Name YATES, KENNETH
Appointment Date 28 Jun 1989
Date of Birth 24 Oct 1937
Place of Birth BRISTOL UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 30 MAXWELL ST, BLAIRGOWRIE
VIC 3942
Document Number 1E1567861
Current Secretaries Total: 1
Secretary Name YATES, BARBARA HELEN
Appointment Date 28 Jun 1989
Date of Birth 11 Feb 1940
Place of Birth MELBOURNE VIC
Address 30 MAXWELL STREET
BLAIRGOWRIE VIC, 3942
Document Number 1E1567861
Company Shares Total: 100 Amount: $100
Class A CLASS ORDINARY SHARES [A]
Number of Shares Issued 26
Paid Capital $26.00
Total Amount Due and Payable $0.00
Document Number 027408784
Class B CLASS ORDINARY SHARES [B]
Number of Shares Issued 26
Paid Capital $26.00
Total Amount Due and Payable $0.00
Document Number 027408784
Class C CLASS ORDINARY SHARES [C]
Number of Shares Issued 24
Paid Capital $24.00
Total Amount Due and Payable $0.00
Document Number 027408784
Class D CLASS ORDINARY SHARES [D]
Number of Shares Issued 24
Paid Capital $24.00
Total Amount Due and Payable $0.00
Document Number 027408784
Current Shareholders
Shareholder Name YATES, KENNETH
Address 30 MAXWELL STREET
BLAIRGOWRIE VIC, 3942
Beneficially Held Y
Fully Paid Y
Jointly Held N
Class A
Number Held 26
Document Number 027408784
Shareholder Name YATES, BARBARA HELEN
Address 30 MAXWELL STREET
BLAIRGOWRIE VIC, 3942
Class B
Number Held 26
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 027408784
Shareholder Name YATES, DAVID KENNETH
Address 13 FIELDEN CLOSE
MOOROOLBARK VIC, 3138
Class C
Number Held 24
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 027408784
Shareholder Name ALLWOOD, TRACEY ANNE
Address 251 TINDALS ROAD
WARRANDYTE VIC, 3113
Class D
Number Held 24
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 027408784
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).
TRADING ADDRESS Unit 21, 107 – 113 Heatherdale
Rd
RINGWOOD,
VIC 3134
TELEPHONE (613) 9874 3566
EMAIL sales@rosstextiles.com.au
WEBSITE www.rosstextiles.com.au
TRADING STYLES ROSS TEXTILES
WESTPORT
MARKETING
BANK Not
determined
EMPLOYEES 10
The subject was
incorporated in Victoria on 28 June 1989 to commence operations under the
current style.
Trading
activities have been established for 30 years.
The subject operates in the import and
distribution of a range of souvenir products specializing in tea towels. Other
products include place mats and table cloths.
The subject also operates in the distribution
of promotional products through the trading division Westernport Marketing.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 11 December 2015 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 Director David Yates, he confirmed the subjects search and operational details, however declined to provide any financial information.
He did advise that the subject has been trading profitably and operates
from leased premises.
A trade survey
on the subject traced the following accounts:
(Inexpress) Nominated
supplier failed to respond to correspondence despite chasing.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $180
Total Past Due: $0
Average Late Payment Days: 0
All Industries Late Payment Days: 7
-
Within
terms: $180
-
1 – 30
days past due: $0
-
31 – 60
days past due: $0
-
61 – 90
days past due: $0
-
91+
days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
AUD |
1 |
Rs.47.92 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.