MIRA
INFORM REPORT
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Report Date : |
14.08.2007 |
IDENTIFICATION DETAILS
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Name : |
NUFARM LABUAN PTE LTD |
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Registered Office : |
Equity Trust Business Centre, |
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Country : |
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Date of Incorporation : |
2006 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Traders of Agriculture Chemicals. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and a part of a well – established Nufarm
Group. The company is into trading
activities. No payment records could
be made available. However, as it is a part of Nufarm Group, business dealings can be
recommended at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Equity Trust Business Centre, |
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Tel. No.: |
6087-415 802 |
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Fax No.: |
6087-416 802 |
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E-mail : |
KEY EXECUTIVES
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Name : |
Ms. Tai |
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Designation : |
Key Executive |
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Tel. No. : |
603 3176 1888 |
BUSINESS DETAILS
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Line of Business : |
Traders of Agriculture Chemicals. |
GENERAL INFORMATION
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Group Companies : |
Nufarm Limited 103-105
Pipe Road, Tel:
61 3 9282 1000 Fax: 61 3 9282 1001 Website : http://www.nufarm.com Nufarm Australia Limited 103-105 Pipe Road, Website : http://www.nufarm.com.au Nufarm Coogee Pty Ltd Kwinana, Ag-Seed Research Pty Ltd
Crop Care Australasia Pty Ltd Portal North, 15/16
Metroplex Avenue, Murarrie QLD 4172, PO Box 84, Morningside QLD 4170,
Australia Website : http://www.cropcare.com.au Croplands Equipment Pty Ltd 50 Cavan Rd, Dry Creek,
Adelaide SA 5094, Website : http://www.croplands.com.au Nugrain Pty Ltd 103-105 Pipe Road, Nuseed
Website : http://www.nuseed.com.au Nufarm
Website : http://www.nufarmargentina.com Nufarm GmbH & Co KG St Peter Strasse 25,
A-4021 email: sales@at.nufarm.com website : http://www.nufarm.at Agripec Quimica e Farmaceutica SA Av.Parque Sul, 2138,
1°Distrito Industrial, Maracanau CE61939-000, Website : http://www.agripec.com.br Nufarm do Brasil Ltda. Rua Samuel Morse, 74-Cj
153 15o andar, Brooklin cep 04576-060, Sao Paulo SP, Brazil Website : http://www.nufarmsouthamerica.com Nufarm Agriculture Inc 5507 Website : http://www.nufarm.ca Nufarm
Av. Las Condes 11.380,
Torre A, Oficina 72 San Damian, Las Condes 7590992 Website : http://www.nufarmsouthamerica.com Nufarm
Chemical ( B-29A, Citic Plaza
Pent-Ox Metropolis, 1085 Agrogen Nufarm de Colombia Cra. 100 No. 11-60
Holguines Trade Center, Torre Farallones Of.318, Website : http://www.agrogen.com.co Framchem
Km 26, Nufarm
28 Boulevard Camelinat,
BP 75-92233, Website : http://www.nufarm.fr Nufarm Deutschland GmbH Im MediaPark 4d, 50670 Website : http://www.nufarm.de Pt
Nufarm Plaza Aminta, Nufarm Italia srl Via Classicana, 313 48100
Website : http://www.agrosol.net Nufarm K.K. 21st Nufarm
No. 9 A&B, Jalan
USJ21/5, UEP Croplands Equipment Pty Ltd
Website : http://www.croplands.com.au Nufarm NZ
Website : http://www.nufarm.co.nz email: info@nz.nufarm.com Nufarm b.v. Haven 4150, Welplaatweg
12, 3197 KS Botlek, email: info@nl.nufarm.com Nufarm
Av. da Igreja, 42-3 Esq.,
1700-036 Website : http://www.nufarm.pt Nufarm SRL Str. Caraiman Nr. 108,
Sector 1, RO-011564, Nufarm España S.A. C/ Balmes, 200, 1o 4a, Website : http://www.nufarm.es Nufarm UK Ltd Crabtree Manorway North
Belvedere Website : http://www.nufarm.co.uk Nufarm
Website : http://www.ag.us.nufarm.com Nufarm Turf and Specialty
email: ask@us.nufarm.com website : http://www.turf.us.nufarm.com |
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FINANCIAL DATA
BALANCE SHEET
For The Year Ended
31st July, 2006
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consolidated |
The Company |
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2006 |
2005 |
2006 |
2005 |
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$000 |
$000 |
$000 |
$000 |
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Current assets |
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Cash and cash equivalents |
51269 |
55791 |
10739 |
4265 |
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Trade and other receivables |
524164 |
402473 |
452112 |
216462 |
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Inventories |
432023 |
421438 |
13598 |
15924 |
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Income tax receivable |
6172 |
8425 |
377 |
175 |
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Assets classified as held for sale |
23909 |
5480 |
-- |
-- |
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Total current
assets |
1037537 |
893607 |
476826 |
236826 |
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Non – current
assets |
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Receivables |
17738 |
66409 |
-- |
207390 |
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Equity accounted investments |
228130 |
218057 |
7724 |
7140 |
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Other investments |
503 |
1943 |
247213 |
247213 |
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Deferred tax assets |
61073 |
55479 |
1137 |
1818 |
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Property, plant and equipment |
285738 |
310138 |
3892 |
20693 |
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Intangible assets |
296406 |
201531 |
17 |
40 |
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Other |
-- |
1567 |
-- |
-- |
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Total
non-current assets |
889588 |
855124 |
259983 |
484294 |
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TOTAL ASSETS |
1927125 |
1748731 |
736809 |
721120 |
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Current
Liabilities |
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Bank overdraft |
19940 |
10398 |
23574 |
24762 |
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Trade and other payables |
474762 |
498847 |
62357 |
64065 |
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Interest bearing loans and borrowings |
495807 |
250006 |
190258 |
-- |
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Employee benefits |
14389 |
14964 |
358 |
521 |
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Income tax payable |
9999 |
12348 |
8199 |
4359 |
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Provisions |
3700 |
4752 |
-- |
-- |
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Liabilities classified as held for sale |
13425 |
1408 |
-- |
-- |
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Total current
liabilities |
1032022 |
792723 |
284746 |
93707 |
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Non – current
liabilities |
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Interest bearing loans and borrowings |
107012 |
280155 |
-- |
211655 |
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Deferred tax liabilities |
28088 |
20124 |
56 |
120 |
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Employee benefits |
38738 |
37870 |
31 |
56 |
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Payables |
11899
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545
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-- |
-- |
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Total
non-current liabilities |
185737 |
338694 |
87 |
211831 |
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TOTAL
LIABILITIES |
121759 |
1131417 |
284833 |
305538 |
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NET ASSETS |
709366 |
617314 |
451976 |
415582 |
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Equity |
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Issued Capital |
240760 |
219049 |
240760 |
219049 |
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Reserves |
23891 |
23395 |
39799 |
39997 |
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Retained earnings |
443707 |
368904 |
171417 |
156536 |
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Equity
attributable to equity holders of the parent |
708358 |
611348 |
451976 |
415582 |
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Minority interest |
1008 |
5966 |
-- |
-- |
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TOTAL EQUITY |
709366 |
617314 |
451976 |
415582 |
INCOME STATEMENT
For The Year Ended
31st July, 2006
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consolidated |
The Company |
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2006 |
2005 |
2006 |
2005 |
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$000 |
$000 |
$000 |
$000 |
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Revenue |
1676746 |
1573988 |
34313 |
35752 |
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Cost of sales |
[1049849] |
[1003762] |
[15837] |
[16475] |
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Gross Profit |
626897 |
570226 |
18476 |
19277 |
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Other income |
9914 |
8366 |
47803 |
44764 |
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Other operating expenses |
[460486] |
[443407] |
[8865] |
[11938] |
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Profit from
operating activities |
176325 |
135185 |
57414 |
52103 |
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Financial income |
7995 |
8278 |
20215 |
20592 |
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Financial expenses |
[57241] |
[46579] |
[21796] |
[22386] |
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Net financing
costs |
[49246] |
[38301] |
[1581] |
[1794] |
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Share of net profits of associates |
10545 |
33402 |
1013 |
997 |
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Profit before
tax |
137624 |
130286 |
56846 |
51306 |
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Income tax expense |
34459 |
26464 |
2710 |
2051 |
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Profit after tax
but before profit and loss of discontinued operations and gain on sale of
discontinued operations |
103165 |
103822 |
54136 |
49255 |
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Profit and loss of discontinued operations and gain on sale of
discontinued operations [after tax] |
18567 |
22812 |
6624 |
992 |
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Profit for the
year |
121732 |
126634 |
60760 |
50247 |
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Attributable to
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Equity holders of the parent |
121153 |
125045 |
60760 |
50247 |
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Minority interest |
579 |
1589 |
-- |
-- |
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Profit for the
year |
121732 |
126634 |
60760 |
50247 |
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Earnings per share
attributable to the ordinary equity holders of the company |
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Statutory
earnings per share |
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Basic earnings per share from continuing operations |
60.3 |
60.5 |
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Diluted earnings per share from continuing operations |
60.3 |
60.5 |
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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