MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
CARTER
HOLT HARVEY AUSTRALIA PTY LTD |
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Registered Office : |
22
Prospect Street, Box Hill, VIC 3128 |
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Country : |
Australia
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Date of Incorporation : |
1st
December 1967 |
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Legal Form : |
Proprietary
Company, Limited By Shares |
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Line of Business : |
Leading forest products company, with
significant interests in wood products, pulp, paper and packaging. |
RATING & COMMENTS
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MIRA’s Rating : |
Aaa |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REGISTERED NAME: |
CARTER HOLT HARVEY AUSTRALIA PTY LTD |
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AUSTRALIAN COMPANY NUMBER: |
000 601 892 |
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AUSTRALIAN BUSINESS NUMBER: |
77 000 601 892 |
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OPERATING ADDRESS: |
22
Prospect Street, BOX HILL, VIC 3128 |
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REGISTERED ADDRESS: |
22
Prospect Street, BOX HILL, VIC 3128 |
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OTHER TRADING NAMES: |
Nil |
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TELEPHONE NUMBER: |
(03)
9258 7600 |
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WEB SITE ADDRESS: |
www.chh.com |
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DATE OF INCORPORATION: |
1
December 1967 – Incorporated in New South Wales. |
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CHANGE OF NAME: |
5 June
1996 - To present name. |
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PAID CAPITAL: |
$1,119,802,942
in $1 shares. |
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DIRECTOR: |
NICHOLAS MICHAEL WOODS 203A
Stawell Street, BURNLEY,
VIC 3121 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
NICHOLAS MICHAEL WOODS |
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AUDITORS: |
Not
shown |
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REGISTERED CHARGES: |
Nil |
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PAYMENTS: |
Refer TRADING
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LEGAL ACTIONS / DEFAULTS: |
Nil |
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EMPLOYEES: |
10,000
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PARENT COMPANY
CARTER HOLT INVESTMENTS
ACTIVITIES
Carter Holt Harvey is Australasia's leading forest products company, with significant interests in wood products, pulp, paper and packaging. Leading Carter Holt Harvey brands include Bestwood, Customwood, Ecoply, Kopine and Pinex, and the company's packaging can be found in most supermarket aisles.
Carter Holt Harvey is a family of six different businesses. Each business has its own Chief Executive, who is accountable for profits and value delivered by their business.
Head office in Australia is situated at the heading address.
The
group employs 10,000 people throughout Australia, New Zealand and Asia.
HISTORY
The
subject was incorporated in New South Wales on 1 December 1967 as Carter Merchants (Australia) Pty Ltd,
adopting the present name on 5 June 1996, being an Australian Proprietary
Company, Limited By Shares.
Australian
Company Number: 000 601 892.
Paid
capital $1,119,802,942 in 258,661,326 issued shares.
Shares
are held by:
CARTER
HOLT INVESTMENTS 258,661,326
The
above information is in accordance with the last Company Statement Annual
lodged with the Australian Securities and Investments Commission and compiled
at report date.
A search conducted with the Australian
Securities and Investments Commission revealed the name, Carter Holt Harvey
Ltd, (the subject of your enquiry) as having been struck off the register. It
was stated during the current investigation that there had been a restructuring
of group operations and the subject is now the ultimate holding company.
Operations
of the company were commenced in 1900.
DIRECTOR
NICHOLAS MICHAEL WOODS was born on 18 January 1969 and
was appointed to the board of directors on 14 May 2004. He is fully active in
the day to day operations of the subject.
BANK
AUSTRALIA
AND NEW ZEALAND BANKING GROUP LIMITED
CORPORATE
OFFICE,
MELBOURNE, VIC 3000
The bank
does not hold a Registered Charge over company assets.
TRADING
Trade
references in relation to the subject could not be provided, it being stated
that trading is conducted through the various operating entities.
FINANCE
disclose the following inquiries in relation to finance applications:
On 12
December 2006 to Credit Suisse First Boston for Credit Card.
On 21
July 2006 to Credit Suisse First Boston for Credit Card.
On 15
March 2006 to BOQ Equipment Finance NSW for Leasing for an amount of $300,000.
On 8
March 2006 to Retail Decision New Accounts for Credit Card for an amount of
$1,000.
On 28
March 2004 to GE Capital Australia Ltd NSW for Leasing for an amount of
$100,000.
On 18
September 2002 to Copy Management Systems for Leasing.
REGISTERED CHARGES
There
are no Registered Charges existing over the subject’s assets.
RECORDED ACTIONS
Nothing
of an adverse nature has been recorded against the subject.
INVESTIGATION
An
interview was conducted with the Financial Controller in January 2007. At this
time he confirmed operational and trading details, however declined all
financial information as a matter of company policy.
Enquiries
made with trade sources failed to trace any additional information in relation
to the subject.
A Land
Titles Search has not been undertaken to ascertain what land, if any, stands in
the subject’s name. This can be
undertaken on request.
CONCLUSION
The
subject was incorporated in New South Wales on 1 December 1967 as Carter Merchants (Australia) Pty Ltd,
adopting the present name on 5 June 1996, being an Australian Proprietary
Company, Limited By Shares.
Paid
capital $1,119,802,942 in 258,661,326 issued shares.
Carter Holt Harvey is Australasia's leading forest products company, with significant interests in wood products, pulp, paper and packaging. Leading Carter Holt Harvey brands include Bestwood, Customwood, Ecoply, Kopine and Pinex, and the company's packaging can be found in most supermarket aisles.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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