MIRA INFORM REPORT
|
Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAIEI AUSTRALASIA PTY LTD |
|
|
|
|
Formerly Known As : |
DAIEI PAPERS ( |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 (Group Consolidated) |
|
|
|
|
Date of Incorporation : |
30.03.1971 |
|
|
|
|
Com. Reg. No.: |
004873581 |
|
|
|
|
Legal Form : |
Australian Proprietary
Company |
|
|
|
|
Line of Business : |
Import, export & distribution of paper and plastic film products |
|
|
|
|
No. of Employees : |
11 employees (Subject); 881
employees (Kokusai Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : DAIEI AUSTRALASIA PTY LTD
Business address : 1 Remington Drive
Town : Dandenong South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61 3 87955200
Fax : +61 3 97998911
Email : melbourne@daieiaust.com.au
Website : www.daieiaust.com.au
Registered address : 'Rialto Towers' Level 29
525 Collins Street
Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Postal address : P.O. Box 4269
Town : Dandenong South
Province : Victoria
Zip/postal code : 3164
Country : Australia
Executive Summary
Date founded or registered : 30/03/1971
Legal form : Australian
Proprietary Company
Chief executive : Takahiko Kodera
Issued & paid up capital
: AUD 5,000,000
Sales turnover : AUD
64,202,241 (Non-consolidated 12 months, 31/12/2010)
Net income : AUD 515,328
(Non-consolidated 12 months, 31/12/2010)
Total fixed assets : AUD 22,101,407
(Non-consolidated 12 months, 31/12/2010)
Line of business : Import, export &
distribution of paper and plastic film products.
Staff employed : 11 employees (Subject);
881 employees (Kokusai Group)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 600,000
Credit amount asked : USD 200,000
Comments : Larger credit can
still be considered. The Subject is well positioned in the market
and the financial stability of the group is positive.
Registry Data
Registration date : 30/03/1971
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
004873581
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
98004873581
Registry status : Live/Active
Previous name : DAIEI PAPERS (AUSTRALIA) PTY LTD
DAIDO (AUSTRALASIA) PTY. LIMITED (initial)
Key Management
Name : Takahiko Kodera
Designation : Managing Director
Name : Jacqueline Clair Rowley
Designation : Administration Manager
Appointments
Name : Jacqueline Clair Rowley
Designation : Director
Appointment date : 22/08/96
Address : 1 Stanhill Drive
Cranbourne South, VIC 3977
Australia
Biography : Born on 20-10-1963 in London,
United Kingdom.
Name : Takahiko Kodera
Designation : Director and Company Secretary
Appointment date : 04/03/11
Address : 4 Darling Street
South
Yarra, VIC 3141
Australia
Biography : Born on 07-07-1953 in Japan.
Name : Hidehiro Adachi
Designation : Director
Appointment date : 09/03/12
Address : 5-8-1103 Mihama
Urayasu
City, Chiba 279-0011
Japan
Biography : Born on 01-11-1949 in Gifu
Prefecture, Japan.
Staff employed : 11 employees (Subject);
881 employees (Kokusai Group)
Key Advisors
Auditors : BDO AUDIT (NSW-VIC) PTY LTD
'Rialto
Towers' Level 30
525 Collins Street
Melbourne, VIC 3000
Australia
Composition
Authorized Capital : AUD 5,000,000
No of shares : 5,369,107 Ordinary Shares
Share par value : No par value
Issued capital : AUD 5,000,000
Paid up capital : AUD 5,000,000
OWNERSHIP /
How listed : Full List
Composition
Shareholder name : DAIEI PAPERS INTERNATIONAL CORPORATION
Address : 6-24 Akashi-cho
Chuo-ku,
Tokyo 104-0044
Japan
No. of shares : 5,369,107 Ordinary Shares
% of shares : 100%
Structure
Name : KOKUSAI PULP & PAPER CO., LTD.
Affiliation type : Ultimate
Holding Company
Address : 1-23-9, Ginza
Chuo-ku,
Tokyo 104-8220
Japan
Comments : KOKUSAI PULP & PAPER CO., LTD. engages
in the import and export of paper and pulp. The company was founded in 1924 and
is based in Tokyo, Japan.
Name : DAIEI PAPERS INTERNATIONAL
CORPORATION
Affiliation type : Parent Company
Address : 6-24 Akashi-cho
Chuo-ku,
Tokyo 104-0044
Japan
Comments : DaiEi
Papers International Corporation distributes papers. It offers printing and
drawing papers, as well as coated and uncoated boards; packaging products,
including packaging paper and boards, and container boards; and communication
papers, which include thermal, inkjet, PPC, business form, carbonless, OCR/OMR,
and magnetic recording papers. The company also provides specialty papers, such
as release, glassine, and fancy papers, as well as self-adhesive papers/films;
functional papers and boards, including synthetic, decorative base, saturating
kraft, metalized, and sanitary papers, as well as book-binding cloths and
aluminum foils; and plastic films. In addition, DaiEi Papers International
Corporation offers machinery, including offset printing, labeling, corrugating,
film making, box-making, sealing, flexo folder gluer, strapping, platen die
cutting, flexible packaging, tying, blister packaging, fill and seal, stacker,
shrink packaging, slitter, diesel generator, and boiler machines. The company
was founded in 2002 and is based in Chuo-ku, Japan with additional offices in
Chesapeake, Virginia; Hong Kong, Hong Kong; Singapore; Victoria, Australia;
Tokyo, Japan; and Shanghai, China. It has operations in Los Angeles,
California; Sao Paulo, Brazil; Taipei, Taiwan; Jakarta, Indonesia; Manila,
Philippines; Bangkok, Thailand; Kuala Lumpur and Penang,
Malaysia; Hochiminh, Vietnam;
The United Arab Emirates; Bangalore,
Delhi, and Mumbai, India; Johannesburg, South Africa; Beijing, China; and
Seoul, Korea. DaiEi Papers International Corporation is a subsidiary of Kokusai
Pulp & Paper Company Limited.
Name : DAIEI
PAPERS (USA) CORP.
Affiliation type : Sister Company
Address : 505 Independence Parkway, Suite 200
Chesapeake, VA 23320
United States
Name : DAIEI
PAPERS (S) PTE. LTD.
Affiliation type : Sister Company
Address : #14-02 Pil Building
140 Cecil Street
Singapore 069540
Singapore
Name : DAIEI
PAPERS (THAILAND) CO., LTD.
Affiliation type : Sister Company
Address : 152 Chartered Square Building
12th Floor Unit 12-02
North Sathon Road,
Silom
Bangrak, Bangkok 10500
Thailand
Name : KOKUSAI
PULP & PAPER (CHINA) CO., LTD.
Affiliation type : Sister Company
Address : Room 2801, New Town Center
83 LouShanGuan Road
Shanghai 200336
China
Name : DAIEI
PAPERS (INDIA) PVT. LTD.
Affiliation type : Sister Company
Address : 2nd Floor, #5/4, B.P. Wadia Road
Basavanagudi,
Bangalore 560004
India
Name : KEISHIN
PAPERS TRADE (SHANGHAI) LTD.
Affiliation type : Sister Company
Address : Room 2811, New Town Center
83 LouShanGuan Road
Shanghai 200336
China
Name : DAIEI
PAPERS (M) SDN. BHD.
Affiliation type : Sister Company
Address : 10th Floor, Bangunan Yee Seng
15 Jalan Raja Chulan
50200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : DAIEI
PAPERS (H.K.) LTD.
Affiliation type : Sister Company
Address : 25th Floor, Catic Plaza
8-14 Causeway Road,
Causeway Bay
Hong Kong
Related companies
and corporate affiliations comments
Other companies of the Kokusai Group
should be considered affiliates of the Subject
Bank Details
Name of bank : The Bank of Tokyo-Mitsubishi UFJ,
Ltd
Address : Australia
Account details : Current Account
Name of bank : Mizuho Corporate Bank, Ltd
Address : Australia
Account details : Current Account
Comments : It is generally not the policy
of local banks to provide credit status information to non
related parties,
however interested parties would be advised to consult first with the Subject
if banker's references are required.
Mortgages :
None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None
reported.
Others : None reported.
Description
Source of financial statement
: Commercial Registry Filings
Financial statement date : 31/12/10
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.97 as of
19-04-2012
Summarized
Financial Information
Consolidation type : Non Consolidated Non Consolidated Group Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar (AUD) Japan, Yen (JPY)
Denomination : (x1) One (x1) One (x1) One
Date of financial year end : 31/12/10 31/12/09 31/03/11
Length of accounts : 12 months 12 months 12 months
Sale turnover / Income : 64,202,241 54,336,961
294,079,000,000
Profit before tax : 874,616 1,235,714 982,000,000
Net income : 515,328 705,583 632,000,000
Non current assets : 1,389,568 1,796,790 42,947,000,000
Current assets : 20,711,839 25,131,343
113,296,000,000
Inventories : 2,734,414 4,963,354 10,961,000,000
Total assets : 22,101,407 26,928,133 156,244,000,000
Current liabilities : 16,780,976 22,052,398 107,363,000,000
Non current liabilities : 8,542 9,174 19,530,000,000
Total liabilities : 16,789,518 22,061,572 126,893,000,000
Share equity : 5,311,889 4,866,561
29,350,000,000
Reserve : 1,903,025 1,973,025
Retained earning : -1,591,136 -2,106,464 21,253,000,000
Comments : The non-consolidated financial information above relates to the Subject only. The group’s consolidated financial information above relates to the Subject’s Ultimate Holding Company Kokusai Pulp & Paper Co., Ltd. and all its subsidiaries which include the Subject.
Main activities : The Subject is engaged in import, export &
distribution of paper and plastic film products.
The Subject operates as wholly owned subsidiary of Daiei Papers
International Corporation, based in Japan.
DaiEi Papers International Corporation distributes papers. It offers
printing and writing papers, packaging products including packaging paper and
boards and specialty papers.
In addition, DaiEi Papers International Corporation offers
machinery, including offset printing, labeling, corrugating, film making,
box-making, sealing, flexo folder gluer, strapping, platen die cutting,
flexible packaging,
tying, blister packaging, fill and seal, stacker, shrink
packaging, slitter, diesel generator, and boiler machines.
The company was founded in 2002 and is based in Chuo-ku, Japan
with additional offices in Chesapeake, Virginia; Hong Kong, Hong Kong;
Singapore; Victoria, Australia; Tokyo, Japan; and Shanghai, China. It has
operations in Los Angeles, California; Sao Paulo, Brazil; Taipei,
Taiwan;Jakarta, Indonesia; Manila, Philippines; Bangkok, Thailand; Kuala Lumpur
and Penang, Malaysia; Hochiminh, Vietnam; The United Arab Emirates; Bangalore,
Delhi, and Mumbai, India; Johannesburg, South Africa; Beijing, China; and
Seoul, Korea. DaiEi Papers International Corporation is a subsidiary of Kokusai
Pulp & Paper Company Limited.
Product &
services :
· Paper & paperboard Paper products
· Plastic film products
· Specialty paper
Purchases
International : Indonesia, India, Japan, Brazil,
South Korea, Spain, Italy, Germany, Thailand
Sales
Local : Yes
International : Ocenia
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of warehouse and
administrative office
Branches : In addition, the Subject
operates from branch offices located at:
4th Floor
71-73 Archer Street
Chatswood,
NSW 2067
Australia
Tel: +61 2 9904 8185
26 Giles Avenue
Padbury, WA 6025
Australia
Tel:+61 8 9402 5656
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 64,351
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
2011: 3.0%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2010:5.2 %
2011: 5.0%
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
2011: 24.1%
Government bond
ratings Standard
& Poor's: AAA-/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 1.258 trillion
Largest companies in the country :
Westpac Banking Group (Major Banks),
BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major
Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks),
Telstra (Telecommunications services), Wesfarmers (Food Retail)
Trade & Competitiveness Overview
Total exports US$210.7
billion
Exports commodities coal,
iron ore, gold, meat, wool, alumina, wheat
Total imports US$187.2
billion
Imports commodities machinery and
transport equipment, computers and office machines, telecommunication equipment
and parts, crude oil and petroleum products
Export - major partners Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany
5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows 2008: US$46,722 million
2009: US$22,572 million
2010: US$32,472 million
FDI Outflows 2008: US$32,819 million
2009: US$18,426 million
2010: US$26,431 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 142, the first is the best)
Country and Population Overview
Total population :
22.23 million
Total area :
7,692,024 km2
Capital : Canberra
Currency : Australian Dollars (AUD)
Internet
users as % of total population
: 76.00%
Purchase Term
International : L/C, Telegraphic transfer, D/P,
D/A, Credit up to 120 days
Sales Term
Local : Prepayment, Bank
transfer, D/P, D/A, Credit up to 120 days
International : L/C, Telegraphic transfer, D/P,
D/A, Credit up to 120 days
Trade Reference/
Payment Behaviour
Comments : As local and international
trade references were not supplied, the Subject's payment
track record
history cannot be appropriately determined but based on our research, payments
are believed to be met without delay.
Investigation Note
Sources Interviews and material
provided by the Subject
Other official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
UK Pound |
1 |
Rs.8.18 |
|
Euro |
1 |
Rs.68.06 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.