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MIRA
INFORM REPORT
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Report No. : |
495060 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BODY SCIENCE INTERNATIONAL P/L |
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Registered Office : |
Unit 4, 24-30 Dover Drive, Burleigh Heads Qld, 4220 |
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Country : |
Australia |
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Date of Incorporation : |
01.07.2002 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution of health nutrition and supplement products including protein shakes and bars, protein powders, amino acids thermogenics and vitamins |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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.
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 |
Company name
REGISTERED NAME BODY SCIENCE
INTERNATIONAL P/L
ACN 101197835
ABN 69101197835
Summary Panel |
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Established |
2002 |
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Incorporated |
2002 |
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Line of Business
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Sport nutrients and supplements |
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Status |
Trading |
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EXECUTIVE SUMMARY
Details
pertaining to the subjects trading and financial position could not be obtained
for the current enquiry.
Enquiries in
trade quarters revealed satisfactory payment patterns from suppliers in dealing
with the subject on a credit basis.
CORPORATE SEARCH
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 01 Jul
2002
Incorporation State QLD
Registered Office UNIT 4,
24-30 DOVER DRIVE
BURLEIGH HEADS QLD, 4220
Current Directors
Total: 2
Director Name PICKLUM,
NATHAN BENTLEY
Appointment Date 06 Jan
2005
Date of Birth 05
Jun 1966
Place of Birth SYDNEY
NSW
Gender MALE
Resident Overseas N
Address 8
DIBBS ST, ALEXANDRIA NSW2015
Director Name YOUNG,
GREGORY JOHN
Appointment Date 01 Jul
2002
Date of Birth 28
Jan 1969
Place of Birth SYDNEY
NSW
Gender MALE
Resident Overseas N
Address 2,
44 TAMBORINE ST, MERMAID
BEACH QLD 4218
Current
Secretaries
Total: 1
Secretary Name YOUNG,
SHEREE LYN
Appointment Date 01 Jul
2002
Date of Birth 21
Nov 1967
Place of Birth WHANGAREI
NEW ZEALAND
Address UNIT
2, 44 TAMBORINE STREET
MERMAID BEACH QLD, 4218
Company Shares
Total: 300 Amount:
$300,200
Class ORDINARY
[ORD]
Number of Shares Issued 300
Paid Capital $300,200.00
Total Amount Due and Payable $0.00
Current
Shareholders
Shareholder Name YOUNG,
SHEREE LYN
Address UNIT
2, 44 TAMBORINE STREET
MERMAID BEACH QLD, 4218
Class ORD
Number Held 150
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name INTERPRO
MANAGEMENT PTYLTD
ACN 103859829
ABN 40103859829
Address 98-100
RILEY STREET
DARLINGHURST NSW, 2010
Class ORD
Number Held 150
Beneficially Held N
Fully Paid Y
Jointly Held N
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 4, 24-30 DOVER DRIVE
BURLEIGH HEADS QLD, 4220
TELEPHONE (617) 5586 0700
FACSIMILE (617) 5568 7155
WEBSITE www.bodyscience.com.au
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in Queensland on 1 July 2002 to commence operations under the current style as a new venture.
OPERATIONS
The subject operates in the distribution of health nutrition and supplement products including protein shakes and bars, protein powders, amino acids thermogenics and vitamins
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of records of on 28 February 2018 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 the subject’s financial controller was unable to be established.
In an interview conducted with the subjects supply chain manager Julie, she declined to confirm or release any details pertaining to the subject unless the source of the enquiry was revealed.
As a result, details pertaining to the subjects trading and financial position could not be obtained for the current enquiry.
Enquiries in trade quarters revealed satisfactory payment patterns from suppliers in dealing with the subject on a credit basis.
TRADE SURVEY
Trade payment records from further sources in the past 4 months have traced the following data for the subject.
Total Owing: $54,849
Total Past Due: $864
Average Late Payment Days: 8
All Industries Late Payment Days: 10
Within terms: $53,984
1 – 30 days past due: $0
31 – 60 days past due: $864
61 – 90 days past due: $0
91+ days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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AUD |
1 |
INR 50.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.