History of ION Consolidated Group Sample Clauses

History of ION Consolidated Group. ION Limited is a public company listed on the Australian Stock Exchange (“ASX”). It is the ultimate parent company of the other companies in the ION Consolidated Group, which comprises 23 Australian companies and 7 foreign companies (see section 1.4.2 above for details of all companies in the ION Consolidated Group). The ION Consolidated Group manufactures automotive products and until recently provided logistical services for the Australian oil and gas distribution industry. The ION Consolidated Group evolved as a result of a series of acquisitions over the last 5 years by Iron Carbide Australia Limited, a company established in 1984 and renamed ION Limited in January 2001. A timeline of the evolution of the ION Consolidated Group is as follows: December 1999 Acquisition of Castalloy Limited, a manufacturer of motorcycle wheels and aluminium engine components. December 2000 Acquisition of XCHO Pty Ltd (formerly known as Cootes Holdings Pty Ltd), an oil and gas transport company. August 2001 Acquisition of a 75% interest in Argent Metal Technology Limited (now known as ION Automotive (New Zealand) Ltd), a manufacturer of light alloy wheels for Ford US, based in Auckland, New Zealand. The remaining 25% interest was purchased in December 2001. February 2002 The ION Consolidated Group commenced developing a greenfield site at Wingfield, South Australia, to support a new contract to supply engine components to Holden. April 2002 Acquisition of the business of BTR Automotive Pty Limited, a manufacturer and supplier of transmission systems, based in Albury, New South Wales, which became ION Transmissions. October 2002 Commencement of planning of a new greenfield site at Altona, Victoria to support the supply of engine blocks to Holden from late 2005. May 2003 Acquisition of a non-operating manufacturing plant in Warsaw, Kentucky, re-commissioning of which commenced in October 2003 to supply Ford US with large diameter wheels. June 2003 Acquisition of XST Pty Ltd (formerly known as Xxxxxxxxx Transport Pty Ltd), a liquid petroleum and gas distribution company. December 2003 Acquisition of XLS Pty Ltd (formerly Liquip Sales Pty Ltd) and its subsidiaries, a designer and manufacturer of fluid transfer equipment.
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Related to History of ION Consolidated Group

  • Certified and Minority Business Enterprises Reports Upon Customer request, the Contractor shall report to the requesting Customer the Contractor’s spend with certified and other minority business enterprises in the provision of commodities or services related to the Customer’s orders. These reports shall include the period covered, the name, minority code, and Federal Employer Identification Number of each minority business utilized during the period; commodities and services provided by the minority business enterprise, and the amount paid to each minority business enterprise on behalf of the Customer.

  • FINANCIAL STATEMENTS TO OWNER The Agent shall render statements of receipts, expenses, and other charges for the Property as requested by the Owner with no more than one (1) statement per month.

  • Audits and Financial Statements A. Audits

  • STATEMENT OF MUTUAL BENEFIT AND INTERESTS   In consideration of the above premises, the parties agree as follows:

  • Audited Financial Statements The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Repatriation of Investments and Returns (1) Each Contracting Party shall guarantee to the investors of the other Contracting Party the transfer out of its territory without delay in any freely convertible currency of:

  • Annual Financial Statements Within 90 days after the end of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2011, (i) the consolidated balance sheets of Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year commencing with the first Fiscal Year for which such corresponding figures are available, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon by an independent certified public accountant (or accountants) of recognized national standing selected by Borrower, and reasonably satisfactory to Administrative Agent (which report and/or the accompanying financial statements shall be unqualified as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review of the terms of Section 6.7 of this Agreement and the related definitions, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default under Section 6.7 has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof (which statement may be limited to the extent required by accounting rules or guidelines);

  • Repatriation of Investment and Returns (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay and on a nondiscriminatory basis. Such funds may include:

  • FINANCIAL STATUS REPORTS (FSRS Except as otherwise provided, for contracts with categorical budgets, Grantee shall submit quarterly FSRs to System Agency by the last business day of the month following the end of each quarter for System Agency review and financial assessment. Grantee shall submit the final FSR no later than forty-five (45) calendar days following the end of the applicable term.

  • FINANCIAL CONTRIBUTIONS 10.1 The Financial Contribution of the CCG and the Council to any Pooled Fund or Non-Pooled Fund for the first Financial Year of operation of each Individual Scheme shall be as set out in the relevant Scheme Specification.

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