MIRA
INFORM REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
WESFARMERS CURRAGH PTY. LIMITED |
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Registered Office : |
Mine Site
Blackwater, QLD 4717 |
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Country : |
Australia |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Coal Mining |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – 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 |
COMPANY NAME
Wesfarmers Curragh Pty. Limited
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Business
Description
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Wesfarmers Curragh Queensland Mining owns and operates a number of
underground and open-cut coal mines. The company supplies a range of low ash hard
coking coal to several steel mills for the production and distribution of
steel in Asia and Europe. It also supplies a variety of high ash steam coal
to several domestic power generation stations in Australia. In addition, the
company operates and manages coal trains that provide services for the
transportation of coals from mines to marine ports. |
Industry
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Industry |
Coal |
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ANZSIC 2006: |
0600 - Coal Mining |
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NACE 2002: |
10 - Mining of Coal and Lignite;
Extraction of Peat |
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NAICS 2002: |
21211 - Coal Mining |
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UK SIC 2003: |
10 - Mining of Coal and Lignite;
Extraction of Peat |
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US SIC 1987: |
1221 - Bituminous Coal and Lignite Surface
Mining |
Key Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Corporate Family
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Total Corporate
Family Members: 46 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Perth, WA |
Australia |
Retail (Specialty) |
45,603.5 |
200,930 |
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Subsidiary |
Glen Iris, VIC |
Australia |
Retail (Department and Discount) |
20,907.6 |
113,000 |
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Subsidiary |
North Geelong, VIC |
Australia |
Retail (Department and Discount) |
3,058.1 |
25,000 |
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Subsidiary |
East Bentleigh, VIC |
Australia |
Retail (Specialty) |
62.8 |
1,400 |
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Subsidiary |
Albury , NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Malvern, VIC |
Australia |
Retail (Grocery) |
2,658.2 |
984 |
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Subsidiary |
Hawthorn East, VIC |
Australia |
Advertising |
1.7 |
30 |
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Subsidiary |
Silverwater, NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Silverwater, NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Tooronga, VIC |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Abbotsford, NSW |
Australia |
Retail (Specialty) |
1.0 |
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Subsidiary |
Glen Iris, VIC |
Australia |
Food Processing |
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Subsidiary |
Sydney, NSW |
Australia |
Miscellaneous Fabricated Products |
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12,000 |
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Subsidiary |
Sydney, NSW |
Australia |
Construction - Supplies and Fixtures |
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5,000 |
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Subsidiary |
Smithfield, NSW |
Australia |
Scientific and Technical Instruments |
951.8 |
3,191 |
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Subsidiary |
Murdoch, WA |
Australia |
Business Services |
251.0 |
900 |
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Subsidiary |
Murdoch, WA |
Australia |
Natural Gas Utilities |
29.3 |
200 |
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Subsidiary |
Kwinana, WA |
Australia |
Natural Gas Utilities |
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60 |
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Subsidiary |
Canning Vale, WA |
Australia |
Construction Services |
1.0 |
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Subsidiary |
Sydney, NSW |
Australia |
Insurance (Life) |
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850 |
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Subsidiary |
Auckland, Auckland |
New Zealand |
Appliance and Tool |
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530 |
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Subsidiary |
Marton, Taranaki |
New Zealand |
Construction - Supplies and Fixtures |
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30 |
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Subsidiary |
Kwinana , WA |
Australia |
Chemical Manufacturing |
492.0 |
500 |
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Subsidiary |
Bibra Lake, WA |
Australia |
Miscellaneous Transportation |
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Subsidiary |
Penrose |
New Zealand |
Fabricated Plastic and Rubber |
55.1 |
500 |
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Subsidiary |
South Auckland, Auckland |
New Zealand |
Auto and Truck Parts |
|
360 |
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Subsidiary |
Auckland, Auckland |
New Zealand |
Miscellaneous Capital Goods |
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10 |
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Subsidiary |
Auckland, Auckland |
New Zealand |
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Subsidiary |
Mount Eden |
New Zealand |
Investment Services |
25.7 |
349 |
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Branch |
Bassendean, WA |
Australia |
Investment Services |
122.2 |
346 |
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Subsidiary |
Brisbane , QLD |
Australia |
Coal |
112.1 |
300 |
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Subsidiary |
Sydney, NSW |
Australia |
Insurance (Property and Casualty) |
|
198 |
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Subsidiary |
Auckland |
New Zealand |
Insurance (Property and Casualty) |
171.2 |
190 |
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Subsidiary |
Yennora, NSW |
Australia |
Metal Mining |
12.6 |
180 |
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Subsidiary |
Glenfield, Auckland |
New Zealand |
Business Services |
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115 |
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Subsidiary |
Hawthorn East, VIC |
Australia |
Retail (Specialty) |
1.0 |
100 |
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Subsidiary |
Melbourne, VIC |
Australia |
Retail (Specialty) |
250.0 |
3,500 |
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Subsidiary |
Perth, WA |
Australia |
Appliance and Tool |
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70 |
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Subsidiary |
Sydney, NSW |
Australia |
Investment Services |
15.9 |
40 |
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Subsidiary |
Perth, WA |
Australia |
Forestry and Wood Products |
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5 |
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Subsidiary |
Tooronga, VIC |
Australia |
Retail (Grocery) |
14,056.5 |
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Subsidiary |
Welshpool, WA |
Australia |
Furniture and Fixtures |
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Subsidiary |
Bombala, NSW |
Australia |
Crops |
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Subsidiary |
Blackwater, QLD |
Australia |
Coal |
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Subsidiary |
Auckland, Auckland |
New Zealand |
Containers and Packaging |
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Subsidiary |
Welshpool, WA |
Australia |
Forestry and Wood Products |
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Executives
Report
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.12 |
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1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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 |
-- |
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.