MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
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Tel. No.: |
612-45711000 |
IDENTIFICATION DETAILS
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Correct Name : |
THE HANNA GROUPPTY LTD |
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Formerly Known As : |
Hanna Match ( |
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Registered Office : |
Bells Line Of
Road, |
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Country : |
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Date of Incorporation : |
14.09.1967 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
one of the top four folding carton manufacturers |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NAME GIVEN
THE HANNAPAK GROUP
PTY LTD
SPECIAL NOTE
A search of failed to trace any registered entity under the given style. Further investigations revealed that the correct legal entity is The Hanna Group P/L which trades as Hannapak.
REGISTERED NAME
THE HANNA GROUPPTY
LTD
ACN: 000 592 745
ABN: 17 000 592
745
CORPORATE SEARCH
Incorporation
Date: 14 SEP 1967
Registered
Office
BELLS LINE OF
ROAD,
NSW 2754
Registered
Charges: 1
902777
Registered 12
NOV 2002
Fixed
WESTPAC BANKING
CORPORATION (007457141)
Current
Directors Total: 2
SAMUEL CHARLES
HANNA – Appointed: 05 NOV 2009
DOB: 15 SEP 1978
CHARLES ALFRED
HANNA – Appointed: 15 SEP 1967
DOB: 11 NOV 1943
Current
Secretaries Total: 1
CHARLES ALFRED
STUART HANNA 14 JUL 1998
Share
Structure - Classes Total: 1
ORD ORDINARY
SHARES -100 – Amount Paid: $100
Shareholders
Total: 1
ORD 100 -
CHARLES HANNA PTY LTD 000562274
BUSINESS STRUCTURE
TRADING ADDRESS Bells Line of Rd
TELEPHONE (612) 4571 1000
FACSIMILE (612) 4571 1222
HOLDING ENTITY CHALRS HANNA PTY LTD
BANK Not determined
EMPLOYEES OVER 175
BACKGROUND
The subject was incorporated in
Operations began o in a small factory at Carlingford, NSW in 1957.
In 1967 the company moved to its current headquarters at
OPERATIONS
The subject operates as one of the top four folding carton
manufacturers in
Additional services include retail strategies such as gift and promotional packaging as well as point of sale manufacturing to achieve maximum results for clients' brands.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of records 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 interview conducted with Financial Controller Jon Kaplin he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was revealed.
Subsequently details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.
TRADE SURVEY
Details pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey on the subject was subsequently unable to be conducted.
SUMMARY
The subject was incorporated in
Operations began o in a small factory at Carlingford, NSW in 1957.
The subject operates as one of the top four folding carton
manufacturers in
Details pertaining to the subject’s financial and trading position were unable to be obtained for the current enquiry.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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 and their relative weights (as indicated through
%) are as follows:
Financial condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.