MIRA INFORM REPORT
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Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PACIFIC HOISTS PTY LTD |
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Formerly Known As : |
Relda Investments
P/L |
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Registered Office : |
C/- Priestley
& Morris, Level 7, |
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Country : |
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Date of Incorporation : |
27.06.1968 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
distribution
of lifting and materials handling equipment including hoists, trolleys,
clamps, chains, blocks etc. |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
REGISTERED NAME
PACIFIC HOISTS PTY
LTD
ACN: 000 631 032
ABN: 88 000 631
032
CORPORATE SEARCH
Incorporation
Date: 27 JUN 1968
Registered Office
C/- PRIESTLEY
& MORRIS
LEVEL 7,
NSW 2150
Registered
Charges: 1
Both Fixed &
Floating
WESTPAC BANKING
CORPORATION (007457141)
1445249
Registered 30 APR
2007
Current Directors
Total: 4
PATRICIA ANN
SUTTON – Appointed: 08 DEC 2009
3 JADCHALM Street
WEST PENNANT HILLS, NSW
DOB: 03 DEC 1946
KAREN HERBERT –
Appointed: 08 08 DEC 2009
DOB: 29 MAR 1958
GRAHAM SCOTT –
Appointed: 08 17 SEP 2008
27
DOB: 02 JUL 1954
RICHARD CRAKE –
Appointed: 08 26 AUG 2005
DOB: 01 MAY 1959
Male
Current
Secretaries Total: 1
KAREN HERBERT 13
DEC 2004
Share Structure -
Classes Total: 2
ORD ORD – 151-
Amount paid: $151
RPAR SECOND
REDEEMABLE PARTICPATING PREFERENC - 6 – Amount paid: $6
Shareholders
Total: 4
RPAR 3 - MAYDENE
PTY LTD
RPAR 3 - MOUNTAIN
SEA PTY. LTD.
ORD 75 - MAYDENE
PTY LTD
ORD 76 - MOUNTAIN
SEA PTY. LTD.
BUSINESS STRUCTURE
TRADING ADDRESS 24 Foundry Rd
SEVEN
HILLS, NSW 2147
TELEPHONE (612) 8825 6900
FACSIMILE (612) 8825 6999
BRANCHES
FRANKSTON
HILLS, VIC
BANK WESTPAC
BANKING CORPORATION
EMPLOYEES 23
BACKGROUND
The subject was
incorporated in
Operations commenced in
1976 when Ray Danckert and Dennis Herbert moved from
crane manufacturer
Herbert Morris to establish a partnership concentrating on the lifting market.
The
1980s saw a broader expansion into materials handling equipment.
OPERATIONS
The subject operates in the distribution of lifting and materials handling equipment including hoists, trolleys, clamps, chains, blocks etc.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of failed to trace any adverse findings 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 subjects Financial
Controller was unable to be established. It was advise that he is away and is
due back next week.
As a result, details pertaining to the subjects operating trading and
financial position were unable to be obtained for the current enquiry.
Please note, we will attempt to establish contact with the Financial
Controller next week. Should contact be established and further information
forthcoming this report will be updated and forwarded to your office as an
addendum to this report.
TRADE SURVEY
During the current investigation, contact with the subjects principals was unable to be established.
Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.
SUMMARY
The subject was incorporated in
Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
Please note, we will attempt to establish contact with the Financial Controller next week. Should contact be established and further information forthcoming this report will be updated and forwarded to your office as an addendum to this report.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.24 |
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1 |
Rs.72.57 |
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Euro |
1 |
Rs.63.00 |
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.