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MIRA INFORM REPORT
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Report No. : |
482656 |
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Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TNA SOLUTIONS PL |
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Registered Office : |
TNA International Pty Limited, 24 Carter Street,
Sydney Olympic Park NSW, 2127 |
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Country : |
Australia |
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Date of Incorporation : |
12.04.2016 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the distribution of food processing and
packaging machinery including: Processing solutions Coating solutions Distribution solutions Seasoning solutions Metal detection solutions Weighing solutions Verification solutions Packaging solutions Inserting and label solutions Controls and integration. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2017 facing a range of growth constraints, principally driven
by the sharp fall in global prices of key export commodities. Demand for
resources and energy from Asia and especially China has stalled and sharp drops
in current prices have 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 benefited from a dramatic surge in its terms of trade in
recent years, although this trend has reversed 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 WTO, APEC, the G20, and other trade forums.
Australia’s free trade agreement (FTA) with China entered into force in 2015,
adding to existing FTAs with the Republic of Korea, Japan, 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 10 ASEAN countries and China, Japan, Korea, New
Zealand and India.
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Source
: CIA |
CORPORATE
REPORT
REGISTERED NAME TNA SOLUTIONS PL
ACN 611810229
ABN 18611810229
Summary
Panel
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Established |
1982 |
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Incorporated |
2016 |
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Line of Business |
Distribution of food processing and packaging machinery |
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Status |
Trading |
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Chief Executive Officer |
Michael Green |
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EXECUTIVE
SUMMARY
Details pertaining to the subject’s financial and trading position were
unable to be obtained for the current enquiry.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 12 Apr 2016
Incorporation State NSW
Registered Office TNA International Pty
Limited, 24
Carter Street
Sydney Olympic
Park NSW, 2127
Current Directors Total: 2
Director Name TAYLOR, NADIA JOSEPHINE
Appointment Date 12 Apr 2016
Date of Birth 19 Mar 1953
Place of Birth CAIRO EGYPT
Gender FEMALE
Resident Overseas N
Address 116 LUGARNO PDE, LUGARNO
NSW 2210
Director Name TAYLOR, ALFRED ALEXANDER
Appointment Date 12 Apr 2016
Date of Birth 07 Oct 1950
Place of Birth GLASGOW, SCOTLAND UNITED
KINGDOM
Gender MALE
Resident Overseas N
Address 116 LUGARNO PDE, LUGARNO
NSW 2210
Current Secretaries Total: 1
Secretary Name TAYLOR, NADIA JOSEPHINE
Appointment Date 12 Apr 2016
Date of Birth 19 Mar 1953
Place of Birth CAIRO EGYPT
Address 116 LUGARNO PARADE
LUGARNO NSW, 2210
Current Other Organisation Officers Total: 1
Officer Role Ultimate Holding Company
Officer Name TNA AUSTRALIA PTY LIMITED
ACN 002937859
Appointment Date -
Company Shares Total: 100 Amount: $100
Class ORDINARY [ORD]
Number of Shares Issued 100
Paid Capital $100.00
Total Amount Due and Payable $0.00
Document Number 2E3479559
Current Shareholders
Shareholder Name TNA AUSTRALIA PTY LIMITED
ACN 002937859
ABN 38002937859
Address 24 CARTER STREET SYDNEY
OLYMPIC PARK NSW, 2127
Class ORD
Number Held 100
Beneficially Held Y
Fully Paid Y
Jointly Held N
SECURITY
INTERESTS
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).
BUSINESS STRUCTURE
TRADING ADDRESS 24 CARTER STREET
HOMEBUSH BAY NSW,
2127
TELEPHONE (612)
9714 2300
WEBSITE http://www.tnasolutions.com
HOLDING ENTITY TNA
AUSTRALIA P/L
ASSOCIATED ENTITIES TNA
CENTRAL EUROPE GMBH
TNA EQUIPAMENTOS DE EMBALAGEM DO BRASIL LTDA
TNA PACKAGING SYSTEMS (SOUTH AFRICA) PTY LTD
TNA CHINA
TNA DUBAI
TNA NORTH AMERICA
THE SUBJECT ALSO MAINTAINS OPERATIONS IN THE
PHILIPPINES AND SOUTH AFRICA
TNA NEW ZEALAND LTD
BANK Not
determined
EMPLOYEES Not
determined
BACKGROUND
The subject was incorporated in New South Wales on 12 April 2016 under
the current style.
The group was established in February 1982 with Alf & Nadia Taylor,
John North (who has since left the company).
In 2009 the group listed in the Australian Business Review Weekly (BRW)
'FAST 100' list for the 10th consecutive year
OPERATIONS
The subject operates in the distribution of food processing and
packaging machinery including:
Processing solutions
Coating solutions
Distribution solutions
Seasoning solutions Metal detection solutions
Weighing solutions
Verification solutions
Packaging solutions
Inserting and label solutions
Controls and integration.
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of of on 2 January 2017 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 investigation contact with the subject’s financial
controller or principals could not be established. It was advised that they are
all on annual leave and are not due to return until 8 January 2017.
As a result, details pertaining to the
subjects trading and financial position could not be obtained for the current
enquiry.
TRADE
SURVEY
During the current investigation, contact with the subject’s 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.67 |
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1 |
INR 85.90 |
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Euro |
1 |
INR 76.41 |
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AUD |
1 |
INR 49.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.