MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HELENSBURGH COAL PTY LTD |
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Registered Office : |
9/1 York Street, Sydney, NSW 2000 |
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Country : |
Australia |
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Date of Incorporation : |
26.02.1999 |
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Legal Form : |
Australian Proprietary Company, Limited
By Shares. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Summary
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REGISTERED
NAME: |
HELENSBURGH
COAL PTY LTD |
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AUSTRALIAN
COMPANY NUMBER: |
086
463 452 |
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AUSTRALIAN
BUSINESS NUMBER: |
49
086 463 542 |
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OPERATING
ADDRESS: |
Parkes Street, HELENSBURGH, NSW 2508 |
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REGISTERED ADDRESS: |
9/1 York Street, SYDNEY, NSW 2000 |
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OTHER TRADING NAMES: |
Nil |
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TELEPHONE NUMBER: |
(02) 4294 7204 Mobile – 0408 844 387 |
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WEB
SITE ADDRESS: |
Unknown |
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DATE
OF INCORPORATION: |
26 February 1999 – Incorporated in New South Wales. |
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CHANGE OF NAME: |
Nil |
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PAID
CAPITAL: |
$2 in $1 shares. |
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DIRECTORS: |
ALLAN
JAMES DAVIES Metulla 0 Bureen Road, DENMAN, NSW 2328 CHRISTOPHER
JULIAN ELLIS 35A Shellcove Road, NEURAL BAY, NSW 2089 ANTHONY
JAMES HAGGARTY 2 Osborne Road, MANLY, NSW 2095 ANDREW
HENDERSON PLUMMER 22/155 Kent Street, SYDNEY, NSW 2000 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
ANTHONY
FRANCIS MCFADDEN |
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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: |
Refer RECORDED ACTIONS |
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EMPLOYEES: |
The number of employees have not been ascertained. |
PARENT COMPANY
SOUTHCOAL
PTY LTD
ACTIVITIES
Details pertaining to the nature of the subject’s operations have not been ascertained at this time.
The subject is believed to operate within the coal mining
industry.
Operations are conducted from premises situated at the
heading address.
The
number of employees have not been ascertained.
HISTORY
The subject was incorporated in New South Wales on 26 February 1999 as Helensburgh Coal Pty Ltd, being an Australian Proprietary Company, Limited By Shares.
Australian Company Number: 086 463 452.
Paid capital $2 in 2 shares paid to $1 each.
Shares
are held by:
SOUTHCOAL PTY LTD 2
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.
By virtue of the shareholding the subject is a wholly owned subsidiary of Southcoal Pty Ltd. This company was incorporated on 17 April 1997 as Mount Arthur Coal Pty Ltd, subsequently adopting the present name, being an Australian Proprietary Company, Limited By Shares. Australian Company Number: 078 236 816. Australian Business Number: 73 078 236 816.
Details pertaining to the company history and antecedent information on the directors have not been ascertained.
DIRECTORS
ALLAN JAMES DAVIES was born on 6 November 1951 and was appointed to the board of directors on 27 June 2005.
CHRISTOPHER JULIAN ELLIS was born on 24 July 1952 and was appointed to the board of directors on 27 June 2005.
ANTHONY JAMES HAGGARTY was born on 31 October 1957 and was appointed to the board of directors on 7 March 2002.
ANDREW HENDERSON PLUMMER was born on 22 May 1950 and was appointed to the board of directors on 7 March 2002.
BANK
Details pertaining to the subject’s banking facilities have not been ascertained.
TRADING
Trade references in relation to the subject have not been obtained.
FINANCE
disclose the following inquiries in relation to finance applications:
Nothing has been recorded to date in 2007, or during 2006, 2005 and 2004.
On 16 April 2003 to ING BK-Intermediary Dist NSW for Real Estate Mortgage.
On 18 November 2002 to Sanwa Aust Finance Ltd for Factored Account for an amount of $480,000.
On 14 November 2002 to WBC Equipment Finance NSW for Hire Purchase for an amount of $2,233,000.
On 8 July 2002 to Hunter Premium Funding Vic for Premium Finance.
REGISTERED CHARGES
There are no Registered Charges existing over the subject’s assets.
RECORDED ACTIONS
The following has been recorded against the subject:
Payment
Defaults:
ACCOUNT NUMBER: 1128111
ACCOUNT TYPE: TELECOMMUNICATION SERVICE
ROLE IN PAYMENT DEFAULT: PRINCIPAL
LATEST CREDIT PROVIDER: PEOPLE TELECOM LIMITED
LATEST DATE: 22 MARCH 2006
LATEST AMOUNT: $2,845
LATEST REASON TO REPORT: PAYMENT DEFAULT
INVESTIGATION
Attempts have been made to contact Mr Anthony F McFadden, Company Secretary, in January 2007, however it has been advised he is unavailable for interview.
Messages have been left requesting he contact this office, however to date a reply has not been received.
Should additional information come to hand this will be sent to you as an addendum to this report.
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 26 February 1999 as Helensburgh Coal Pty Ltd, being an Australian Proprietary Company, Limited By Shares.
Paid capital $2 in 2 shares paid to $1 each.
Details
in relation to the company have not been ascertained. If dealing with the
subject on a credit basis, caution would be recommended until further details
are obtained or the account is proven.
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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