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MIRA INFORM REPORT
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Report No. : |
502213 |
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Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
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Name : |
BIMVILLE PTY LTD |
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Registered Office : |
Level 16, 60 Station St, W Parramatta NSW 2150 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
30.04.1984 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the wholesale of commercial kitchen equipment and
catering utensils etc. |
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No. of Employees : |
49 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2018 facing a range of growth constraints, principally driven
by the sharp fall in global prices of key export commodities. Demand for
resources and energy from Asia and especially China has stalled and sharp drops
in current prices have 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 benefited from a dramatic surge in its terms of trade in
recent years, although this trend has reversed 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 WTO, APEC, the G20, and other trade forums.
Australia’s free trade agreement (FTA) with China entered into force in 2015,
adding to existing FTAs with the Republic of Korea, Japan, 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 10 ASEAN countries and China, Japan, Korea, New
Zealand and India.
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Source
: CIA |
CORPORATE
REPORT
REGISTERED NAME BIMVILLE PTY LTD
T/AS TRENTON INTERNATIONAL HOTEL AND RESTAURANT
SUPPLIES
ACN:
002 757 566
ABN: 30 002 757 566
Summary
Panel
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Established |
1984 |
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Incorporated |
1984 |
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Line of Business |
wholesale of commercial kitchen and catering equipment |
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Status |
Trading |
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EXECUTIVE
SUMMARY
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Bimville P/L |
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As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
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Sales |
$59,129,058.00 |
$46,473,114.00 |
27.23% |
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Profit b/tax |
$7,679,634.00 |
$5,179,411.00 |
48.27% |
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Profit a/tax |
$5,609,768.00 |
$3,569,655.00 |
57.15% |
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Net Profit Margin |
9.49% |
7.68% |
1.81% |
During fiscal 2017, the subject recorded Net Cashflows from operating
activities totaling $4,521,029.
As at 30 June 2017 the subject recorded Working Capital of $27,760,148
and a current ratio of 5.37 to 1 indicating strong liquidity levels.
Net Assets totalled $29,109,849 as at 30 June 2017. Nil intangibles were
recorded at this time.
CORPORATE
SEARCH
Company Type Australian
Proprietary Company
INCORPORATED 30
April 1984
REGISTERED ADDRESS Level
16, 60 Station St
W
Parramatta NSW 2150
SHARECAPITAL $3
SHAREHOLDERS REINER,
Thomas Holds 3000
shares
DIRECTORS
Current Directors Total: 4
Director Name BOBROW, JACQUELINE
SUZANNE
Appointment Date 05 Jun 2014
Date of Birth 10 Sep 1967
Place of Birth MONTREAL CANADA
Gender FEMALE
Resident Overseas N
Address 74 OLD SOUTH HEAD RD,
VAUCLUSE NSW 2030
Director Name REINER, COLIN
Appointment Date 14 Nov 2007
Date of Birth 11 Jun 1979
Place of Birth SYDNEY NSW
Gender MALE
Resident Overseas N
Address 1804, 588 OXFORD ST, BONDI
JUNCTION NSW 2022
Director Name REINER, DEAN
Appointment Date 14 Aug 1998
Date of Birth 11 Aug 1971
Place of Birth MONTREAL CANADA
Gender MALE
File Number 285771105
Resident Overseas N
Address 80, 22 GADIGAL AVE, ZETLAND
NSW 2017
Director Name REINER, THOMAS
Appointment Date 15 May 1984
Date of Birth 04 Mar 1935
Place of Birth BUDAPEST HUNGARY
Gender MALE
File Number 22064999
Resident Overseas N
Address 24 DEEPWATER RD, CASTLE
COVE NSW 2069
Current Secretaries Total: 1
Secretary Name REINER, DEAN
Appointment Date 03 Dec 1993
Date of Birth 11 Aug 1971
Place of Birth MONTREAL CANADA
Address UNIT 80, 22 GADIGAL AVENUE
ZETLAND NSW, 2017
SECURITY
INTERESTS
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).
BUSINESS STRUCTURE
TRADING ADDRESS Unit 2, 9 Canal Rd
ST
PETERS, NSW 2044
TELEPHONE (612)
8571 9988
FACSIMILE (612)
8571 9977
WEBSITE www.trenton.com.au
EMAIL office@trenton.com.au
BANK COMMONWEALTH
BANK OF AUSTRALIA
EMPLOYEES 49
BACKGROUND
The subject was incorporated in New South Wales on 30 April 1984 under
the current style.
Operations were established as a new venture in 1984.
OPERATIONS
The subject operates in the wholesale of commercial kitchen equipment
and catering utensils etc.
The company carries some 300 separate lines in the area of Cutlery,
Table and serving wares, Buffetware, Bar and counter server equipment, kitchenwares,
cookware, rack and food trays, bakeware etc.
The company acts as sales agents for CATER CHEF, CATER-RAX, RYNER fine
bone china, tableware, melamine and servingwares, PUJADAS, WESTMARK, STOHA
DESIGN, SUNNEX, ZICCO and JONAS products.
Activities are conducted from leased 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 investigation contact with Company Secretary Dean
Reiner was unable to be established.
Below is a summary of the subject’s income results for the past two
financial years.
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Bimville P/L |
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|
|
|
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As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
|
Sales |
$59,129,058.00 |
$46,473,114.00 |
27.23% |
|
Profit b/tax |
$7,679,634.00 |
$5,179,411.00 |
48.27% |
|
Profit a/tax |
$5,609,768.00 |
$3,569,655.00 |
57.15% |
|
Net Profit Margin |
9.49% |
7.68% |
1.81% |
During fiscal 2017, the subject recorded Net Cashflows from operating
activities totaling $4,521,029.
As at 30 June 2017 the subject recorded total current assets of $34,116,698.
They included cash of $8,748,055, receivables of $8,150,211 and inventories of
$17,035,017.
Current liabilities at the same date totaled $6,356,550 and included
payables of $4,004,765 and borrowings of $1,443,108.
As at 30 June 2017 the subject recorded Working Capital of $27,760,148
and a current ratio of 5.37 to 1 indicating strong liquidity levels.
Net Assets totalled $29,109,849 as at 30 June 2017. At this date, the
subject further recorded a Debt to Equity ratio of 0.31 to 1 showing low levels
of gearing. Nil intangibles were recorded at this time.
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Bimville P/L |
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As at 30 June 2017 |
As at 30 June 2016 |
Change (%) |
|
Sales |
$59,129,058.00 |
$46,473,114.00 |
27.23% |
|
Profit b/tax |
$7,679,634.00 |
$5,179,411.00 |
48.27% |
|
Profit a/tax |
$5,609,768.00 |
$3,569,655.00 |
57.15% |
|
Net Profit Margin |
9.49% |
7.68% |
1.81% |
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Current Assets |
$34,116,698.00 |
$28,817,396.00 |
18.39% |
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Non Current Assets |
$4,114,084.00 |
$3,875,920.00 |
6.14% |
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Total Assets |
$38,230,782.00 |
$32,693,316.00 |
16.94% |
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Current Liabilities |
$6,356,550.00 |
$4,793,053.00 |
32.62% |
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Non Current Liabilities |
$2,764,383.00 |
$4,400,182.00 |
-37.18% |
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Total Liabilities |
$9,120,933.00 |
$9,193,235.00 |
-0.79% |
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Net Assets |
$29,109,849.00 |
$23,500,081.00 |
23.87% |
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Working Capital |
$27,760,148.00 |
$24,024,343.00 |
15.55% |
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Current Ratio |
5.37 |
6.01 |
-10.73% |
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Debt to Equity |
0.31 |
0.39 |
-19.91% |
TRADE
SURVEY
During the current investigation, contact with the subjects principals
was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable
to be obtained and a trade survey could not be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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|
1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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AUD |
1 |
INR 50.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.