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Report No. : |
355931 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
HUBERGROUP AUSTRALIA P/L |
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|
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Registered Office : |
unit 8, 450-466 princes highway noble park vic, 3174 |
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Country : |
Australia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
21.10.2005 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject operates in the in the manufacture and distribution of
printing inks and related products. |
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No. of Employee : |
45 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Australia |
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 |
AUSTRALIA ECONOMIC OVERVIEW
Following
two decades of continuous growth, low unemployment, contained inflation, very
low public debt, and a strong and stable financial system, Australia enters
2015 facing a range of growth constraints, principally driven by a sharp fall
in global prices of key export commodities. Although demand for resources and
energy from Asia and especially China has grown rapidly, creating a channel for
resources investments and growth in commodity exports, sharp drops in current
prices have already impacted growth.
The
services sector is the largest part of the Australian economy, accounting for
about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the
global financial crisis as the banking system has remained strong and inflation
is under control.
Australia
has benefited from a dramatic surge in its terms of trade in recent years,
although this trend could reverse or slow due to falling global commodity
prices. Australia is a significant exporter of natural resources, energy, and
food. Australia's abundant and diverse natural resources attract high levels of
foreign investment and include extensive reserves of coal, iron, copper, gold,
natural gas, uranium, and renewable energy sources. A series of major investments,
such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly
expand the resources sector.
Australia
is an open market with minimal restrictions on imports of goods and services.
The process of opening up has increased productivity, stimulated growth, and
made the economy more flexible and dynamic. Australia plays an active role in
the World Trade Organization, APEC, the G20, and other trade forums. Australia
entered into free trade agreements (FTAs) with the Republic of Korea and Japan,
and concluded an FTA with China, in 2014, adding to existing FTAs with Chile,
Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with
ASEAN and New Zealand. Australia continues to negotiate bilateral agreements
with India and Indonesia, as well as larger agreements with its Pacific
neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional
Comprehensive Economic Partnership that includes the ten ASEAN countries and
China, Japan, Korea, New Zealand and India. Australia is also working on the
Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
NAME GIVEN HOSTMANN STEINBERG
AUSTRALIA PTY LTD
SPECIAL NOTE On 13 October 2015 the
subject changed name to Hubergroup Australia Pty Ltd
REGISTERED NAME HUBERGROUP AUSTRALIA P/L
ACN 115955327
ABN 88115955327
Summary
Panel
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Incorporated |
2005 |
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Line of Business |
Distribution of printing inks |
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Status |
Trading |
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Hubergroup Australia Pty Ltd |
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||
|
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As at 31 Dec 2014 |
As at 31 Dec 2013 |
Change (%) |
|
Revenue |
$34,378,481.00 |
$30,917,120.00 |
11.20% |
|
Profit b/tax |
$1,859,727.00 |
$1,540,519.00 |
20.72% |
|
Profit a/tax |
$1,311,436.00 |
$1,171,793.00 |
11.92% |
|
Net Profit Margin |
3.81% |
3.79% |
0.02% |
During fiscal 2014, the subject recorded Net Cashflows from operating activities
totalling $1,745,745.
As at 31 December 2014 the
subject recorded total current assets of $17,742,156. They included cash of
$1,218,184, receivables of $8,986,800 and inventories of $7,450,138.
Current liabilities at the same date totalled $6,023,070 and included
payables of $4,643,810 and provisions of $458,650.
As at 31 December 2014 the subject recorded Working Capital of
$11,719,086 and a current ratio of 2.95 to 1 indicating strong liquidity
levels.
Net Assets totalled $15,218,395 as at 31 December 2014. At this date,
the subject further recorded a Debt to Equity ratio of 0.41 to 1 showing low
levels of gearing. Nil intangibles were recorded at this time.
Company Type Australian
Proprietary Company
Status Registered
Incorporation Date 21 Oct 2005
Incorporation State VIC
Registered Office UNIT 8, 450-466 PRINCES
HIGHWAY NOBLE PARK VIC,
3174
Current Directors Total: 3
Director Name WELCH, BLAIR DUNCAN
Appointment Date 01 Nov 2015
Date of Birth 04 Dec 1973
Place of Birth HOWICK NEW ZEALAND
Gender MALE
Resident Overseas N
Address 17 SWEET GUM PL, SANDHURST
VIC 3977
Document Number 7E7460389
Director Name KLOKKERS, HEINER
Appointment Date 16 May 2014
Date of Birth 30 Oct 1970
Place of Birth NEUENHAUS GERMANY
Gender UNKNOWN
Resident Overseas Y
Address -
Document Number 7E6053345
Director Name TOAL, RAYMOND JAMES
Appointment Date 21 Oct 2005
Date of Birth 18 Aug 1965
Place of Birth BELFAST UNITED KINGDOM
Gender MALE
Resident Overseas N
Address 44 RANGEVIEW RD, MOUNT
EVELYN VIC 3796
Document Number 019693982
Current Secretaries Total: 1
Secretary Name HERRICK, MARGARET JEAN
Appointment Date 06 Apr 2010
Date of Birth 04 Mar 1965
Place of Birth MELBOURNE VIC
Address 7 ASTRID COURT BERWICK VIC,
3806
Document Number 7E7420773
Company Shares Total: 3300000 Amount: $3,300,000
Class ORDINARY SHARES [ORD]
Number of Shares Issued 3300000
Paid Capital $3,300,000.00
Total Amount Due and Payable $0.00
Document Number 019693982
Current Shareholders
Shareholder Name HUBERGROUP INDIA PRIVATELIMITED
Address BILAKHIA HOUSE, MUKTANAND
MARG CHALA VAPI GUJARAT
396191 INDIA
Class ORD
Number Held 3300000
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number
7E7166672
Effective 30 January 2012 the Personal Property Securities Register (PPSR) was introduced to give the different Commonwealth, State and Territory laws and registers regarding security interests in personal property under one national system.
As a result of PPS Reform a number of existing Commonwealth, State and Territory personal property security registers will close. Interests registered on existing security interest registers will be migrated to the national PPS Register. Subsequently Registered Charges are no longer lodged with the Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS 8
/ 450 Princes Hwy
Noble Park VIC 3174
TELEPHONE (613) 9549 9300
WEBSITE http://www.hubergroup.com.au
BRANCH PRESTONS, NSW
HEMMANT, QLD
CARLISLE, WA
BOWDEN SA
HOLDING ENTITY HUBERGROUP INDIA PVT LTD
ULTIMATE HODING
ENTITY MHM HOLDING GMBH
BANK Not determined
EMPLOYEES 45
The subject was incorporated in Victoria on 21 October 205 as Hostmann-Steinberg Australia Ltd before adopting the current style on 13 October 2015.
In 2015 the global operations of Michael Huber München GmbH and Hostmann-Steinberg GmbH, Celle, followed by immediate renaming to hubergroup Deutschland GmbH
The subject operates in the in the
manufacture and distribution of printing inks and related products.
Activities are conducted from premises
located at the above listed trading address.
A search of of
on 18 December 2015 failed to trace any litigation listed against the subject
at that date.
From the subjects most recently lodged financial statements, it is noted
that for the financial year ended 31 December 2014 the subject recorded revenue
of $34,378,481, which resulted in an operating profit before tax of $1,859,727
and an operating profit after tax of $1,311,436 representing a Net Profit
Margin of 3.81%.
Below is a summary of the subject’s income results for the past two
financial years.
|
Hubergroup Australia Pty Ltd |
|
||
|
|
As at 31 Dec 2014 |
As at 31 Dec 2013 |
Change (%) |
|
Revenue |
$34,378,481.00 |
$30,917,120.00 |
11.20% |
|
Profit b/tax |
$1,859,727.00 |
$1,540,519.00 |
20.72% |
|
Profit a/tax |
$1,311,436.00 |
$1,171,793.00 |
11.92% |
|
Net Profit Margin |
3.81% |
3.79% |
0.02% |
During fiscal 2014, the subject recorded Net Cashflows from operating
activities totalling $1,745,745.
As at 31 December 2014 the
subject recorded total current assets of $17,742,156. They included cash of
$1,218,184, receivables of $8,986,800 and inventories of $7,450,138.
Current liabilities at the same date totalled $6,023,070 and included
payables of $4,643,810 and provisions of $458,650.
As at 31 December 2014 the subject recorded Working Capital of
$11,719,086 and a current ratio of 2.95 to 1 indicating strong liquidity
levels.
Net Assets totalled $15,218,395 as at 31 December 2014. At this date,
the subject further recorded a Debt to Equity ratio of 0.41 to 1 showing low
levels of gearing. Nil intangibles were recorded at this time.
|
Hubergroup Australia Pty Ltd |
|
||
|
|
As at 31 Dec 2014 |
As at 31 Dec 2013 |
Change (%) |
|
Revenue |
$34,378,481.00 |
$30,917,120.00 |
11.20% |
|
Profit b/tax |
$1,859,727.00 |
$1,540,519.00 |
20.72% |
|
Profit a/tax |
$1,311,436.00 |
$1,171,793.00 |
11.92% |
|
Net Profit Margin |
3.81% |
3.79% |
0.02% |
|
Current Assets |
$17,742,156.00 |
$14,137,630.00 |
25.50% |
|
Non Current Assets |
$3,710,517.00 |
$3,365,135.00 |
10.26% |
|
Total Assets |
$21,452,673.00 |
$17,502,765.00 |
22.57% |
|
Current Liabilities |
$6,023,070.00 |
$3,423,083.00 |
75.95% |
|
Non Current Liabilities |
$211,208.00 |
$172,723.00 |
22.28% |
|
Total Liabilities |
$6,234,278.00 |
$3,595,806.00 |
73.38% |
|
Net Assets |
$15,218,395.00 |
$13,906,959.00 |
9.43% |
|
Working Capital |
$11,719,086.00 |
$10,714,547.00 |
9.38% |
|
Current Ratio |
2.95 |
4.13 |
-28.68% |
|
Debt to Equity |
0.41 |
0.26 |
58.44% |
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $1,164
Total Past Due: $0
Average Late Payment Days: 0
All Industries Late Payment Days: 7
-
Within
terms: $1,164
-
1 – 30
days past due: $0
-
31 – 60
days past due: $0
-
61 – 90
days past due: $0
-
91+
days: $0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
|
AUD |
1 |
Rs.47.93 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.