MIRA INFORM REPORT

 

 

Report Date :

02.05.2011

 

IDENTIFICATION DETAILS

 

Name :

DH TECHNOLOGY PTY LTD

 

 

Registered Office :

Level 3, 39 Leighton Place, Hornsby Nsw 2077

 

 

Country :

Australia

 

 

Date of Incorporation :

07.09.1988

 

 

Legal Form :

Proprietary Limited Company

 

 

Line of Business :

Import and Distribution of IT Hardware for the Point Of Sale, Data Capture, Healthcare, Education and Enterprise Markets.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Australia

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME      

 

DH TECHNOLOGY PTY LTD

ACN: 003 608 580

ABN: 65 003 608 580

 

 

CORPORATE SEARCH

 

Incorporation State: NSW

 

Incorporation Date: 07 SEP 1988

 

Registered Office

LEVEL 3,

39 LEIGHTON PLACE,

HORNSBY

NSW 2077

 

Registered Charges: 3

 

Both Fixed & Floating

VAUGHAN BLACKWOOD, CHRISTINE BLACKWOOD

1777479

Registered 16 APR 2009

 

Both Fixed & Floating

COMMONWEALTH BANK OF AUSTRALIA (123123124)

1170925

Registered 16 JUN 2005

 

Fixed

ESANDA FINANCE CORPORATION LIMITED

1105030

Registered 22 NOV 2004

 

Current Directors Total: 2

 

CHRISTINE ANN BLACKWOOD – appointed: 07 JUL 2000

46 WARATAH Road TURRAMURRA, New South Wales

DOB: 05 MAR 1957

 

VAUGHAN MURRAY BLACK – appointed: 04 OCT 1988

46 WARATAH Road TURRAMURRA, New South

DOB: 18 SEP 1956

 

Current Secretaries Total: 1

 

VAUGHAN MURRAY BLACKWOOD – appointed: 02 FEB 1989

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 80000 – Amount paid $80,000

 

Shareholders Total: 2

 

ORD 80000 - VAUGHAN MURRAY BLACKWOOD

ORD 80000 - CHRISTINE ANN BLACKWOOD

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS     Level 3, 39 Leighton Place

                                    HORNSBY, NSW 2077                         

TELEPHONE                 (612) 9472 7100

FACSIMILE                   (612) 9472 7125

BRANCHES                  KENT TOWN, SA

                                    MULGRAVE, VIC

 

 

BANK                 

 

COMMONWEALTH BANK OF AUSTRALIA

                       

                       

EMPLOYEES       

 

34 to 36           

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 7 September 1988 as Detuma P/L changing name on 13 February 1989 to Datacos P/L changing name on 14 February 1995 to D. H. Technology P/L before adopting the current style on 8 June 1995.

 

 

OPERATIONS

 

The subject operates in the import and distribution of IT hardware for the Point of Sale, Data Capture, Healthcare, Education and Enterprise markets.

 

The subject distributes brands including AVerMedia, Axiohm, CashBases, CipherLab, Cognitive TPG, Datalogic, Datamation, Epson, Ergotron, FEC, JAOtech, Key Source, LapCabby, LifeSize, Man & Machine, Motorola, Obvios, Onyx, PARAT Solutions, PSS, Seal Shield, Tangent, Uniform and Zebra

 

Activities are conducted from leased premises located at the above listed trading address.

 

 

ADVERSE

                                               

A search of of on 27 April 2011 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 the subjects Financial Controller Kerry, she confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of company policy.

 

Subsequently details in this regard were unable to be obtained during the current investigation.

 

The subject maintains registered charges in favour of its directors Vaughan Blackwood and Christine Blackwood and the Commonwealth Bank.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

 

 

TRADE SURVEY

 

A trade survey on the subject traced the following accounts:

 

1.         (Keysource Australia) Purchases average $5,000 to $10,000 per month on 30 day terms. Payment is met in 30 to 35 days and the account is considered satisfactory having been known for 8 years.

           

2.         (Data Logic) Nominated supplier failed to respond to correspondence despite chasing.

 

3.         (Charters Paper) Nominated supplier failed to respond to correspondence despite chasing.

 

 

 

 

 

 

 

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 7 September 1988 before adopting the current style on 8 June 1995.

 

Details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.

 

The subject maintains registered charges in favour of its directors Vaughan Blackwood and Christine Blackwood and the Commonwealth Bank.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

 

The information contained in this report is strictly confidential and has been compiled to assist in making a commercial credit decision. Whilst every care has been taken in compiling this report, Complete Corporate Reporting Pty Ltd shall not be liable for any claim, loss, injury or damage suffered by the recording of incorrect, incomplete, inaccurate or out of date information. This report should not be used as the sole basis for a business decision.  

                                               

                                               


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.73.88

Euro

1

Rs.65.83

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.