MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
J K INTERNATIONAL PTY LTD |
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Registered Office : |
49 Suscatand St, Peakhurst, Nsw 2210 |
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Country : |
Australia |
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Date of Incorporation : |
28.03.1980 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
Global Commodities Trading Company with a strong focus on
Agricultural products and related goods. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually Correct |
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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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
REGISTERED NAME
J K INTERNATIONAL PTY
LTD
ACN: 010 127 750
ABN: 49 010 127
750
CORPORATE SEARCH
INCORPORATED 28 March
1980
REGISTERED ADDRESS 49
Suscatand St
PEAKHURST,
NSW 2210
SHARECAPITAL $50,000
SHAREHOLDERS JK
PROPERTIES P/L Holds
50,000
DIRECTORS MOHAN, Suman Bala
55
Ham Rd
MANSFIELD,
QLD 4122
MOHAN, Jiwan Kumar
55
Ham Rd
MANSFIELD,
QLD 4122
SECRETARY MOHAN, Suman Bala
55
Ham Rd
MANSFIELD,
QLD 4122
REGISTERED CHARGES Registered Charge Number : 2044489
Date
Registered : 09.09.2010
Status : Fixed
and floating
Creditor : HSBC Bank
Australasia
Registered
Charge Number : 1263877
Date
Registered : 13.02.2006
Status : Fixed
and floating
Creditor : BNP
Paribas
Registered
Charge Number : 1217753
Date
Registered : 13.10.2005
Status : Fixed
and floating
Creditor : Suncorp
Metway
BUSINESS STRUCTURE
TRADING ADDRESS 49
Suscatand St
PEAKHURST, NSW 2210
TELEPHONE (617) 3274 1023
FACSIMILE (617)
3274 1367
HOLDING ENTITY JK PROPERTIES P/L
ASSOCIATED ENTITIES JK
MILLING P/L
JK
COMMODITIES P/L
JK
SHIPPING
BANK SUNCORP
METWAY
BNP
PARIBAS
HSBC
EMPLOYEES 50
to 60
BACKGROUND
The subject was incorporated in Queensland on 28 March 1980 to commence operations under the current style.
Group operations were established as a new venture in 1979.
DIRECTORS
PROFILES MOHAN, Suman Bala, Director was born on
22 October 1954 and was appointed to the subjects board on 25 August 1980. She
maintains an active role in the subject’s daily operations.
MOHAN, Jiwan Kumar Director was born on
13 December 1949 and was appointed to the subject’s board on 25 August 1980. He
maintains an active role in the subject’s daily operations.
OPERATIONS
The subject operates as a global commodities trading company
with a strong focus on Agricultural products and related goods.
Commodities traded included barley, edible oils, legumes, peas, spices, beans, fertilizers, lentils, pulses, steel, bird seeds, grains, oats, rice and sugar.
The subject has a Pea-Splitting and De-Hulling plant in Brisbane for the production
of Chana Dhall from Chick Peas. The company has a milling facility in Horsham
for the production of Dun Peas, Faba Beans, Broad Beans and Lentils.
Activities are conducted from premises located at the above listed trading address.
ADVERSE
A search of the 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.
The subject is an Australian-owned, private company that derives the bulk of its revenue by exporting and importing a wide variety of foodstuff, specialising in legumes and pulses. The subject has 8 associated offices worldwide and an extensive global network of agents and suppliers from Australia, Canada, United States of America, South America, Europe, Asia and other parts of the world.
During the current investigation, contact with financial controller Judy Smith was unable to be established. Despite messages being left, no reply has been received.
Current financial and trading details pertaining to the subject were subsequently unable to be obtained for the current enquiry.
Further investigations have revealed that the subject generates annual revenue of $1.2 billion.
The subject is noted to be listed in the top 100 private companies in Australia based on revenue.
The subject maintains
financing facilities with the Suncorp Metway, HSBC and BNP Paribas, which are
secured by registered charges over certain fixed and floating assets of the
company.
In regards to asset backing, the holding entity JK Properties P/L is noted to own the premises located at the above listed trading address. A property search can be conducted at your request to confirm ownership.
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.
SUMMARY
The subject was incorporated in Queensland on 28 March 1980 to commence operations under the current style.
Group operations were established as a new venture in 1979.
Current financial and trading details pertaining to the subject were unable to be obtained for the current enquiry.
Investigations have revealed that the subject generates annual revenue in the order of $1.2 billion.
In regards to asset backing, the holding entity JK Properties P/L is noted to own the premises located at the above listed trading address.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.06 |
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 |
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 |
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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.