D&B-MAXWELL FOOD PRODUCTS PTY LTD       
        

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Business Information Report
      Reference
      corves22/Jul/2003   11:57  GMT 
      BUSINESS SUMMARY

MAXWELL FOOD PRODUCTS PTY LTD

Status:              Registered

DUNS                 75-048-2812
ACN:                 002669810
ABN:                 67002669810

ABN Issue Date:      30 Mar 2000
ASIC Extract Date:   31 Mar 2003

Subsidiary of:       NEPEAL TRADING PTY LTD
                     NSW
                     Australia

Line of Business:    WHOLESALER OF FRUIT INGREDIENTS

Chief Executive Officer: CHRISTOPHER MICHAEL SPRATT
              Managing Director and Company secretary

Founded:             1983

Current control:     1998

Industry SIC Codes:  5149 - Wholesales groceries and related products

Employs:             14

Import:              Yes

Export:              Yes

Rating:              --
REPORT SUMMARY

Collections: 1                          Court Actions: 0
                                        Registered Charges: 1

INCORPORATION
________________________________________________________________________________

State: NSW                              Date Incorporated: 07 Oct 1983
Type: Australian Proprietary Company    Status: Registered
Name Start: 20 Dec 1983

Head Office
________________________________________________________________________________

Street Address:      SUITE B30 LEVEL1, MARKET PLAZA BUILDING
                     SYDNEY MARKETS
                     NSW 2129
Postal Address:      PO Box 565
                     SYDNEY MARKETS
                     NSW 2129

Tel:                 02 93256793
Fax:                 02 93256143

Website:             www.maxwellfoods.com

Registered Office
-----------------

Start Date:          08 Nov 2001

                     MAXWELL FOOD PRODUCTS PTY LTD
                     SUITE
                     B30 FIRST FLOOR MARKET PLAZA BUILD PLAZA
                     SYDNEY MARKETS
                     NSW 2129
PAYMENTS *1

Date     Supp   Industry        Terms Usually       Maximum   Current    Beyond
                                      Pays      Outstanding   Balance    Terms
----     ----   --------        ----- -------   -----------   -------    ------

30/06/03 Ref A  Finance / Insur  30   30 - 90          $500      $500      $250

On 07 May 2003, 2 trade suppliers were unavailable.
COLLECTIONS *2

Date        Creditor             Start Amount    Amount Owing    Comment
08 May 2001 P&O NEDLLOYD LIMITED $412.00         $412.00

COURT ACTIONS & REGISTERED CHARGES *3

Court Actions
-------------
Registered Charges
------------------
Date            26 Aug 1985
registered:
Date created:   20 Aug 1985
Type of Charge: Fixed & Floating
Status:         Satisfied
ASIC File No:   61088
Secured Party:  CARRINGTON CONFIRMERS PTY. LTD.

Documents Received
------------------
Document No:    000002544
No Of Pages:    2
Form Type:      C1
Description:    NOTICE OF CHARGE

Document No:    103097704
Date Lodged:    10 Jul 1997
Date Processed: 10 Jul 1997
No Of Pages:    2
Form Type:      312
Description:    NOTIFICATION OF DISCHARGE

                ____________________________________________________________

Date            28 Aug 1986
registered:
Date created:   18 Aug 1986
Type of Charge: Fixed & Floating
Status:         Satisfied
ASIC File No:   61103
Secured Party:  CARRINGTON CONFIRMERS PTY. LTD.

Documents Received
------------------
Document No:    000002545
No Of Pages:    2
Form Type:      C1
Description:    NOTICE OF CHARGE

Document No:    001840328
Date Lodged:    06 Nov 1991
Date Processed: 08 Nov 1991
No Of Pages:    1
Form Type:      312
Description:    NOTIFICATION OF DISCHARGE

                ____________________________________________________________

Date            06 Nov 1991
registered:
Date created:   01 Nov 1991
Type of Charge: Fixed & Floating
Status:         Satisfied
ASIC File No:   318251
Secured Party:  CARRINGTON CONFIRMERS PTY. LTD.

Documents Received
------------------
Document No:    001840380
Date Lodged:    06 Nov 1991
Date Processed: 07 Nov 1991
No Of Pages:    41
Form Type:      309
Description:    NOTIFICATION OF DETAILS OF A CHARGE

Document No:    005184330
Date Lodged:    03 Feb 1994
Date Processed: 04 Feb 1994
No Of Pages:    1
Form Type:      312
Description:    NOTIFICATION OF DISCHARGE

                ____________________________________________________________

Date            30 Dec 1991
registered:
Date created:   12 Dec 1991
Type of Charge: Fixed & Floating
Status:         Registered
ASIC File No:   324263
Secured Party:  NATIONAL AUSTRALIA BANK LIMITED

Documents Received
------------------
Document No:    002061957
Date Lodged:    30 Dec 1991
Date Processed: 03 Jan 1992
No Of Pages:    14
Form Type:      309
Description:    NOTIFICATION OF DETAILS OF A CHARGE

                ____________________________________________________________

Date            24 Dec 1993
registered:
Date created:   23 Dec 1993
Type of Charge: Fixed & Floating
Status:         Satisfied
ASIC File No:   420597
Secured Party:  KENT (AUSTRALIA) PTY LTD
                HELLER EQUIPMENT FINANCE PTY LTD
                S.H. LOCK ACCEPTANCES LIMITED
                S H LOCK (N.Z.) LIMITED
                S H LOCK (HONG KONG) LIMITED

Documents Received
------------------
Document No:    004880433
Date Lodged:    24 Dec 1993
Date Processed: 24 Dec 1993
No Of Pages:    23
Form Type:      309
Description:    NOTIFICATION OF DETAILS OF A CHARGE

Document No:    103097705
Date Lodged:    10 Jul 1997
Date Processed: 10 Jul 1997
No Of Pages:    3
Form Type:      312
Description:    NOTIFICATION OF DISCHARGE

                ____________________________________________________________

Comments:
---------
On 07 May 2003 Chris Spratt, Managing Director & Company Secretary, advised that
the above collections had been the result of disputed demurrage charges. In the
case of the collection of 06 Aug 2002, Mr Spratt provided Dun & Bradstreet with
a copy of a letter to him from the creditor retracting its claim and apologising
for the inconvenience caused.
FINANCE

On 07 May 2003, subject's current proprietary company classification could not
be ascertained.

Accounts are unaudited.
BANK

Daily Transactional Bank and Financing Bank National Australia Bank Limited.

Subject's secured overdraft facility of $100,000 is used as required and is
secured by company assets.
CURRENT INVESTIGATION

On 07 May 2003 Chris Spratt, Managing Director and Company secretary declined
financial statement stating enquirer should contact subject directly but
confirmed all other information in this report

Revenue:    For 12 mths ending 30 J For 12mths ending 30 Ju Year Ending 30 Jun 2
            $12,500,000 (Est)       $14,500,000 (Est)       >$17,000,000 (Prj)

No Rating has been assigned due to lack of a current financial statement.

Comments:
--------
The ASIC extract dated 31 Mar 2003 included in this report is current at 07 May
2003.
EXECUTIVES

Directors
_______________________________________________________________________________

Name:                HENRY ATHOLL CUNNINGHAM, ROBERTSON
Appointment Date:    03 Jul 1998
Date of Birth:       11 Jun 1952 - LONDON, UNITED KINGDOM
Address:             20 MIDDLE HEAD ROAD
                     MOSMAN
                     NSW  2088

Name:                CHRISTOPHER MICHAEL , SPRATT
Appointment Date:    06 Jul 2001
Date of Birth:       23 Sep 1968 - SYDNEY, NSW
Address:             41 MINTARO AVENUE
                     STRATHFIELD
                     NSW  2135

Name:                GRAHAM JOHN , REANEY
Appointment Date:    03 Jul 1998
Date of Birth:       05 May 2043 - BRISBANE, QLD
Address:             14 THE GROVE
                     BALMORAL
                     NSW  2088

Name:                REGINALD DENNIS , GUY
Appointment Date:    21 Oct 2002
Date of Birth:       08 Apr 2049 - FERGUS, IRELAND
Address:             41 BENNETT STREET
                     NEUTRAL BAY
                     NSW  2089

Directors Background
_______________________________________________________________________________

Name:                    CHRISTOPHER MICHAEL SPRATT

Principals Background
---------------------
Title:                   Managing Director and Company secretary

Activity Status:         Active in day-to-day operations

Other Boards:
                         Nepeal Trading Pty Ltd

Name:                    GRAHAM  JOHN REANEY

Principals Background
---------------------
Title:                   Director

Activity Status:         Inactive in day-to-day operations

Other Boards:
                         MGS Real Estate (Qld) Pty Ltd
                         Pemcray Pty Ltd
                         and Nepeal Trading Pty Ltd

Name:                    HENRY ATHOLL CUNNINGHAM ROBERTSON

Principals Background
---------------------
Title:                   Director

Activity Status:         Inactive in day-to-day operations

Other Boards:
                         Nepeal Trading Pty Ltd

Name:                    REGINALD  DENNIS GUY

Principals Background
---------------------
Title:                   Director

Activity Status:         Inactive in day-to-day operations

Company Secretary(s)
--------------------

Name:                CHRISTOPHER MICHAEL, SPRATT
Appointment Date:    03 Jul 1998
Date of Birth:       23 Sep 1968
Address:             41 MINTARO AVENUE
                     STRATHFIELD
                     NSW  2135
HISTORY

Statements
----------

Subject was incorporated on 07 Oct 1983

Incorporated as a new venture commencing operations in 1983.

Current ownership commenced in 1998.

Name was changed from Balesgram Pty Ltd to current name on 20 Dec 1983.

Shares
_______________________________________________________________________________
Structure
---------
Class:                        ORD  (ORDINARY
Number of Shares Issued:      113,712
Total Paid on Shares Issued:  $470,398.46

Class:                        REDP (REDEEMABLE PREFERENCE SHARES
Number of Shares Issued:      40,000
Total Paid on Shares Issued:  $40,000.00

Holdings
---------

Major Shareholders:

ORDINARY

Name of Shareholder:     NEPEAL TRADING PTY LTD
Location:                'SUITE B 30 LEVEL 1'
                         MARKET PLAZA BUILDING
                         SYDNEY MARKETS
                         NSW 2129
No. Held:                113,712                        %Held: 100.00
Beneficially Held: Yes   Paid: Yes                       (AR 2002)
_____________________________________________________________________

REDEEMABLE PREFERENCE SHA

Name of Shareholder:     NEPEAL PTY LTD
Location:                'SUITE B 30 LEVEL 1'
                         MARKET PLAZA BUILDING
                         SYDNEY MARKETS
                         NSW 2129
No. Held:                40,000                         %Held: 100.00
Beneficially Held: Yes   Paid: Yes                       (AR 2002)
_____________________________________________________________________

The above shareholding information has been obtained from ASIC. The percentage
calculations are based on the figures provided as at the extract date.
OPERATIONS

Line of Business:
                      Wholesaler of fruit ingredients.

Specialises in:
                      fruits for baking and confectionery

Exports:
                      30% of finished goods to New Zealand, Middle East
                      Countries and United States on various terms

Imports:
                      70% of finished goods from United States, France and Italy
                      on sight draft and open account

Customs Agents:
                      Barry Taylor & Partners,
                      0393974422
                      4/8 Techno Park Drive, Williamstown VIC 3016

Types of customers:
                      Food Manufacturers
                      Wholesalers

Territory:
                      Australia-wide

Terms:
                      60 days
                      90 days
                      Various Terms

Major Clients:
                      Cadbury Schweppes, Nestle
                      Sanitarium, Woolworths

Major suppliers:
                      Barry Taylor & Partners - Ph: 0393974422
                      Simplot - Ph: 0398046111

Receivable Accounts:
                      60 active accounts

Employs:
                      14
                      Including the active director

Location:
                      Leases office premises at heading address.
                      Premises located in western commercial and residential
                      suburb of Sydney NSW

                    

CORPORATE STRUCTURE
_______________________________________________________________________________

Parent:              NEPEAL TRADING PTY LTD                         74-443-4403
                     GROUND FL 21-23 GROSVENOR ST
                     NEUTRAL BAY

Affiliates:          NEPEAL PTY LTD                                 89-102-4408

                    
DOCUMENTS RECEIVED
_______________________________________________________________________________

Documents Received (except those listed already under charges)
--------------------------------------------------------------

Date Received    25 Feb 2003
Description      316
                    ANNUAL RETURN
                 316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
                 316X
                    EDGE LODGEMENT PROGRAM - EXTENSION OF TIME
Doc. No.         5E1021868
Doc. Qualifier   (AR 2002)
No. Pages        3
Date Processed   10 Mar 2003
Effective Date   20 Jan 2003
                 --------------------------------------------------------------

Date Received    30 Oct 2002
Description      304A
                    NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIAN
                    COMPANY
Doc. No.         018663715
No. Pages        2
Date Processed   11 Nov 2002
Effective Date   21 Oct 2002
                 --------------------------------------------------------------

Date Received    09 Jul 2002
Description      304C
                    NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER
Doc. No.         018282144
No. Pages        2
Date Processed   07 Aug 2002
Effective Date   01 Jul 2002
                 --------------------------------------------------------------

Date Received    21 Jan 2002
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         5E0767681
Doc. Qualifier   (AR 2001)
No. Pages        3
Date Processed   07 Feb 2002
Effective Date   18 Jan 2002
                 --------------------------------------------------------------

Date Received    01 Nov 2001
Description      203A
                    NOTIFICATION OF CHANGE OF ADDRESS
Doc. No.         017101400
No. Pages        1
Date Processed   08 Nov 2001
Effective Date   17 Oct 2001
                 --------------------------------------------------------------

Date Received    03 Oct 2001
Description      304A
                    NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIAN
                    COMPANY
Doc. No.         017497020
No. Pages        2
Date Processed   18 Oct 2001
Effective Date   21 May 2001
                 --------------------------------------------------------------

Date Received    13 Jul 2001
Description      203
                    NOTIFICATION OF
                 203A
                    CHANGE OF ADDRESS
                 203G
                    CHANGE OF ADDRESS - PRINCIPAL PLACE OF BUSINESS
Doc. No.         017293550
No. Pages        1
Date Processed   17 Jul 2001
Effective Date   06 Jul 2001
                 --------------------------------------------------------------

Date Received    13 Jul 2001
Description      304A
                    NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIAN
                    COMPANY
Doc. No.         017293551
No. Pages        5
Date Processed   17 Jul 2001
Effective Date   13 Apr 2001
                 --------------------------------------------------------------

Date Received    31 Jan 2001
Description      304A
                    NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIAN
                    COMPANY
Doc. No.         5E0548977
No. Pages        1
Date Processed   31 Jan 2001
Effective Date   03 Jul 1998
                 --------------------------------------------------------------

Date Received    31 Jan 2001
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         5E0549303
Doc. Qualifier   (AR 2000)
No. Pages        3
Date Processed   31 Jan 2001
Effective Date   22 Jan 2001
                 --------------------------------------------------------------

Date Received    31 Jan 2000
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         0E4197716
Doc. Qualifier   (AR 1999)
No. Pages        3
Date Processed   01 Feb 2000
Effective Date   14 Jan 2000
                 --------------------------------------------------------------

Date Received    02 Jul 1999
Description      207
                    NOTIFICATION OF SHARE ISSUE
Doc. No.         011701718
No. Pages        1
Date Processed   13 Jul 1999
Effective Date   30 Jun 1999
                 --------------------------------------------------------------

Date Received    27 May 1999
Description      316
                    ANNUAL RETURN
                 316A
                    CHANGE OF REGISTERED OFFICE ADDRESS
                 316T
                    CHANGE TO PRINCIPAL PLACE OF BUSINESS
                 316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         0E3142637
Doc. Qualifier   (AR 1998)
No. Pages        3
Date Processed   27 May 1999
Effective Date   25 May 1999
                 --------------------------------------------------------------

Date Received    20 Jul 1998
Description      304A
                    NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIAN
                    COMPANY
Doc. No.         014594132
No. Pages        2
Date Processed   14 Aug 1998
Effective Date   03 Jul 1998
                 --------------------------------------------------------------

Date Received    20 Jul 1998
Description      207
                    NOTIFICATION OF SHARE ISSUE
Doc. No.         014594133
No. Pages        2
Date Processed   23 Jul 1998
Effective Date   03 Jul 1998
                 --------------------------------------------------------------

Date Received    30 Jun 1997
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         0E1195745
Doc. Qualifier   (AR 1997)
No. Pages        4
Date Processed   30 Jun 1997
Effective Date   30 Jun 1997
                 --------------------------------------------------------------

Date Received    29 Nov 1996
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         0E0773476
Doc. Qualifier   (AR 1996)
No. Pages        4
Date Processed   30 Nov 1996
Effective Date   27 Nov 1996
                 --------------------------------------------------------------

Date Received    03 Nov 1995
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         009978348
Doc. Qualifier   (AR 1995)
No. Pages        5
Date Processed   20 Dec 1995
Effective Date   31 Oct 1995
                 --------------------------------------------------------------

Date Received    16 Mar 1995
Description      316L
                    ANNUAL RETURN - PROPRIETARY COMPANY
Doc. No.         007227317
Doc. Qualifier   (AR 1994)
No. Pages        5
Date Processed   21 Apr 1995
Effective Date   30 Dec 1994
                 --------------------------------------------------------------

Date Received    03 Dec 1993
Description      203
                    NOTIFICATION OF
                 203A
                    CHANGE OF ADDRESS
                 203B
                    CHANGE OF OFFICE HOURS
Doc. No.         005748284
No. Pages        1
Date Processed   08 Dec 1993
Effective Date   30 Nov 1993
                 --------------------------------------------------------------

Date Received    18 Nov 1993
Description      316L
                    ANNUAL RETURN
Doc. No.         005964114
Doc. Qualifier   (AR 1993)
No. Pages        5
Date Processed   14 Dec 1993
Effective Date   15 Nov 1993
                 --------------------------------------------------------------

Date Received    21 Jan 1993
Description      348
                    MISCELLANEOUS CHARGES DOCUMENT
Doc. No.         003574424
No. Pages        6
Date Processed   21 Jan 1993
Effective Date   21 Jan 1993
                 --------------------------------------------------------------

Date Received    13 Jan 1993
Description      316L
                    ANNUAL RETURN
Doc. No.         003679768
Doc. Qualifier   (AR 1992)
No. Pages        4
Date Processed   26 Jan 1993
Effective Date   31 Dec 1992
                 --------------------------------------------------------------

Date Received    16 Dec 1991
Description      316
                    ANNUAL RETURN
                 316E
                    CORRECTIONS
                 316L
                    ANNUAL RETURN
Doc. No.         00266981B
Doc. Qualifier   (AR 1991)
No. Pages        4
Date Processed   29 Jan 1992
Effective Date   16 Dec 1991
                 --------------------------------------------------------------

Date Received    17 Jun 1991
Description      316
                    ANNUAL RETURN
                 316E
                    CORRECTIONS
                 316L
                    ANNUAL RETURN
Doc. No.         001529922
Doc. Qualifier   (AR 1990)
No. Pages        4
Date Processed   18 Jun 1991
Effective Date   17 Jun 1991
                 --------------------------------------------------------------

NOTE:
-----
Where no Date Processed is shown, the document in question has not been
processed. In these instances care should be taken in using information that
may be updated by the document when it is processed.
Where the Date Processed is shown, but there is a zero under No pages,
the document has been processed, but a copy is not yet available.

Pre ASIC Documents
------------------

Documents from the NSW state database

 Date Received             Form Type                 Status
 -------------             ---------                 ------

 31 Dec 1990               M'FICHE
 23 Feb 1990               55B                       RCVD
 23 Feb 1990               150A                      RCVD
 23 Feb 1990               66                        RCVD

Annual Returns
--------------

Year Return Due Extended Due AGM Due    Extended AGM AGM Held     O/Stand
     Date       Date         Date       Date         Date
---- ---------- ------------ -------    ------------ --------     -------
1987                                                 31/12/87        N
1988 31/01/89                31/12/88                31/12/88        N
1989 31/01/90                31/12/89                31/12/89        N
1990 31/01/91                31/12/90                31/12/90        N
1991 31/01/92                31/12/91                                N
1992 31/01/93                31/12/92                31/12/92        N
1993 31/01/94                31/12/93                15/11/93        N
1994 31/01/95                31/12/94                30/12/94        N
1995 31/01/96                31/12/95                31/10/95        N
1996 31/01/97                                                        N
1997 31/01/98                                                        N
OPERATIONS...

1998 31/01/99                                                        N
1999 31/01/00                                                        N
2000 31/01/01                                                        N
2001 31/01/02                                                        N
2002 31/01/03                                                        N
                  
_______________________________________________________________________________

(1) Dun & Bradstreet Trade Program
Over 95 per cent of the trade references within this report are collected
through the Dun & Bradstreet trade program. Companies participating in this
program supply Dun & Bradstreet with their monthly debtors ledgers which are
converted into individual trade references and added to the reports on a daily
basis. Such references provide evidence of organisations payment habits and
due to their objectivity are generally more accurate than those obtained from
suppliers provided as references by the subject during the interview.

Key Date:            The month in which the reference was recorded by
                     Dun & Bradstreet.

Letter Reference:    Each letter indicates a separate supplier. A repeated
                     letter in a given month indicates that the subject has
                     more than one account with that supplier.

Terms:               Reflect the number of days the supplier allows for payment
                     Terms of '0' days indicates that the account is paid on a
                     cash basis or on undisclosed special terms.

Usually Pays:        Indicates the number of days normally taken by the subject
                     to make payment.

Maximum Outstanding: Reflects the highest amount of credit provided in a given
                     transaction in the past 12 months. The absence of a dollar
                     amount indicates that more specific information was not
                     made available.

Current Balance:     The total amount owed to that supplier.

Beyond Terms:        The proportion of the current balance that is overdue.
Note:                In some instances, payment beyond terms can be the result
                     of disputes over merchandise, lost invoices, etc.
                     In certain industries such as the building and
                     construction industry, slow payments may often
                     be the norm. These circumstances should be given
                     due consideration when interpreting the subject's
                     payment habits.

(2) Dun & Bradstreet Receivable Management Services
Information contained within this report covers debt recovery action over
the past five years.

(3) Dun & Bradstreet Court File
Information contained within this report includes court actions, summonses and
judgements made over the past five years. The information contained within the
court file is updated daily with data gathered from the Magistrates, County,
Supreme and District Courts in each state. It should be noted that the
Attorney General of NSW has prohibited the publication of Judgement Debt
information obtained through the local courts until such time it is satisfied
with the Data Protection Laws in NSW. As a result, for NSW the only judgement
information published is that obtained through the customers of
Dun & Bradstreet's Receivable Management Services.

                  

 CURRENCY: All monetary amounts quoted in this report are shown in AUSTRALIAN
 DOLLAR unless otherwise stated.

                             *** End of Report ***



© 2002 D & B, Inc. All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributedin any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate andcomplete by reason of the immense quantity of detailed matter dealt within compiling the information and the fact that some of the data are supplied fromsources not controlled by D&B which cannot always be verified, includinginformation provided direct from the subject of enquiry as well as the possibilityof negligence and mistake, D&B does not guarantee the correctness or theeffective delivery of the information and will not be held responsible for anyerrors therein or omissions therefrom.© 2002 D & B, Inc.