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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
TRIDONIC MANUFACTURING PTY LTD |
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Formerly Known As : |
T A MANUFACTURING PTY LTD (initial) |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
07.05.2004 |
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Com. Reg. No.: |
108995357 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturer and distribution of lighting control equipment and accessories. |
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No. of Employees : |
74 employees (Subject); 7,500 employees (Zumtobel Group) |
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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Maximum Credit Limit : |
USD 900,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Verified Address
Subject name : TRIDONIC MANUFACTURING PTY LTD
Business address :
130 Melrose Drive
Town : Tullamarine
Province : Victoria
Zip/postal code : 3043
Country : Australia
Tel : +61 3 93390200
Fax : +61 3 93303595
Website : www.tridonic.com
Registered address
: 130 Melrose Drive
Town : Tullamarine
Province : Victoria
Zip/postal code : 3043
Country : Australia
Executive Summary
Date founded or
registered : 07/05/2004
Legal form : Australian
Proprietary Company
Chief executive : Gerhard Fehle
Issued & paid
up capital : AUD 14,000,002
Sales turnover : AUD 49,689,000 (Non-consolidated 12
months, 30/04/2011)
Net income : AUD 1,397,000
(Non-consolidated 12 months, 30/04/2011)
Total fixed assets
: AUD 42,798,000
(Non-consolidated 12 months, 30/04/2011)
Line of business :
Manufacturer and
distribution of lighting control equipment and accessories.
Staff employed : 74 employees (Subject); 7,500 employees (Zumtobel Group)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational
trend is steady
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 900,000
Credit amount
asked : USD 300,000
Registry Data
Registration date
: 07/05/2004
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 108995357
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 66108995357
Registry status : Live/Active
Previous name : TRIDONIC.ATCO
MANUFACTURING PTY. LTD.
T A MANUFACTURING PTY LTD (initial)
Change of legal
form : None reported.
Key Management
Name : Gerhard Fehle
Designation : Managing Director
Appointments
Name : Savvas Christodoulou
Designation : Director
Appointment date :
27/07/05
Address : 10 Summerhill Road
Brighton East, VIC 3187
Australia
Biography : Born on 19-01-1959 in Cyprus.
Name : Gerhard Fehle
Designation : Director
Appointment date :
27/07/05
Address : 7 Lachlan Grange
Bulleen, VIC 3105
Australia
Biography : Born on 18-05-1963 in
Austria.
Name : Dimitrios Metaxas
Designation : Company Secretary
Appointment date :
31/05/06
Address : 1 Thorn Street
Essendon, VIC 3040
Australia
Biography : Born on 05-12-1966 in
Melbourne, Victoria, Australia.
Staff employed : 74 employees (Subject); 7,500 employees
(Zumtobel Group)
Key Advisors
Auditors : KPMG
147 Collins Street
Melbourne, VIC 3000
Australia
Composition
Authorized Capital
: AUD 14,000,002
No of shares : 14,000,002 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 14,000,002
Paid up capital : AUD 14,000,002
How listed : Full
List
Composition
Shareholder name : TRIDONIC OCEANIA HOLDING PTY LTD
Address : 130 Melrose Drive
Tullamarine, VIC 3043
Australia
No. of shares : 14,000,002 Ordinary Shares
% of shares : 100%
Structure
Name : ZUMTOBEL AG
Affiliation type :
Ultimate Holding Company
Address : Höchster Strasse 8
A-6850 Dornbirn
Austria
Comments : Zumtobel AG provides
professional lighting solutions, luminairies, lighting
management systems, and lighting components for indoor and outdoor
applications. The company offers lighting systems for office and
communication,
education and science, industry and engineering, presentations and
retail, art and
culture, sport and leisure, facade, hospitality and wellness, health and
care,
transit areas and car parks, and orientation and safety sectors, as well
as outdoor
lighting for streets, tunnels, and public areas. It also provides
magnetic,
electronic, and digital dimmable luminaire control gears; ignition
devices; light
management systems; LED modules; LED convertors; LED retrofit lamps; and
connection technology. The company offers its products under the
Zumtobel,
Thorn, Tridonic, and Ledon brands. It primarily operates in Europe,
Asia,
Australia, Australia, New Zealand, and the United States. The company
was
formerly known as Elektrogeräte und Kunstharzpresswerk W. Zumtobel KG.
Zumtobel AG was founded in 1950 and is headquartered in Dornbirn,
Austria.
Name : TRIDONIC OCEANIA
HOLDING PTY LTD
Affiliation type :
Parent Company
Address : 130 Melrose Drive
Tullamarine, VIC 3043
Australia
Name : ZUMTOBEL LIGHTING PTY.
LTD.
Affiliation type :
Sister Company
Address : Light Center
333 Pacific Highway
North Sydney, NSW 2060
Australia
Name : TRIDONIC AUSTRALIA PTY
LTD
Affiliation type :
Sister Company
Address : 130 Melrose Drive
Tullamarine, VIC 3043
Australia
Name : ATCO INDUSTRIAL PTY.
LTD.
Affiliation type : Sister Company
Address : 130 Melrose Drive
Tullamarine, VIC 3043
Australia
Related companies
and corporate
affiliations
comments: Other companies of the
Tridonic Group should be considered affiliates of the
Subject.
Bank Details
Name of bank : National Australia Bank Limited
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 : 30/04/11
Type of accounts :
Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate : 1 USD = AUD
0.98 as of 12-07-2012
Summarized Financial Information
Consolidation type
: Non Consolidated Non Consolidated Group Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar (AUD) Euro (EUR)
Denomination : (x1) One (x1) One (x1) One
Date of financial
year end : 30/04/11 30/04/10 30/04/12
Length of accounts
: 12 months 12 months 12 months
Sale turnover / Income
: 49,689,000 53,900,000 1,280,312,000
Gross profit : 3,894,000 8,175,000 397,785,000
Operating profit :
2,385,000 6,743,000 34,591,000
Profit before tax
: 1,896,000 10,015,000 20,732,000
Net income : 1,397,000 7,001,000 13,483,000
Non current assets
: 11,560,000 11,466,000 531,782,000
Current assets : 31,238,000 29,667,000 504,502,000
Inventories : 7,948,000 7,452,000 172,748,000
Total assets : 42,798,000 41,133,000 1,036,284,000
Current liabilities
: 13,735,000 8,857,000 303,589,000
Non current
liabilities : 15,063,000 21,173,000 362,149,000
Total liabilities
: 28,798,000 30,030,000 665,738,000
Share equity : 14,000,000 11,103,000
370,546,000
Reserve : -91,880,000
Retained earning : -1,500,000 -2,897,000
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 Zumtobel AG and all its subsidiaries which
include the Subject.
Main activities : The Subject engages in
manufacturing and distribution of lighting control
equipment and accessories.
The Subject is ultimately owned by Zumtobel AG.
Zumtobel AG provides professional lighting solutions, luminairies,
lighting
management systems, and lighting components for indoor and outdoor
applications. The company offers lighting systems for office and
communication, education and science, industry and engineering,
presentations and retail, art and culture, sport and leisure, facade,
hospitality and wellness, health and care, transit areas and car parks,
and
orientation and safety sectors, as well as outdoor lighting for streets,
tunnels, and public areas. It also provides magnetic, electronic, and
digital
dimmable luminaire control gears; ignition devices; light management
systems; LED modules; LED convertors; LED retrofit lamps; and
connection technology. The company offers its products under the
Zumtobel, Thorn, Tridonic, and Ledon brands. It primarily operates in
Europe, Asia, Australia, Australia, New Zealand, and the United States.
The company was formerly known as Elektrogeräte und
Kunstharzpresswerk W. Zumtobel KG. Zumtobel AG was founded in 1950
and is headquartered in Dornbirn, Austria.
Product &
services : TALEXX LED
Organic Light Emitting Diodes (OLED)
Electronic ballasts (ECG)
Digital dimmable ballasts
Magnetic chokes
Magnetic chokes for HID
Electronic ballasts for HID
Ignitors and power switches
Electronic transformers for halogen lamps
Magnetic transformers for halogen lamps
Emergency lighting units
LuxCONTROL lighting control system
Connectors, connector strips, terminal blocks, electrical installation
material
Brand : Tridonic
Purchases
International : Worldwide
Sales
Local : Yes
International : Worldwide
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an production facilities, warehouse and
administrative office.
Branches : In addition, the Subject
operates from branch office located at:
Unit F1, Palm Grove Business Park
13 - 15 Forrester Street
Kingsgrove, NSW 2208
Australia
Tel: +61 2 9503 0800
Fax: +61 2 9503 0888
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 43.879
billion
Gross domestic
product - GDP : US$ 1.586
trillion
GPP (Purchasing
power parity) : 954.296
billion of International dollars
GDP per capita -
current prices : US$ 68,916
GDP - composition
by sector : agriculture: 4%
industry: 25.6%
services: 70.4%
Inflation :
2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment rate
: 2009: 5.6%
2010: 5.2%
2011: 5.1%
Public debt
(General
Government gross debt as
a % GDP):
2009: 16.9%
2010: 20.4%
2011: 22.9%
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$46,843
million
2009: US$25,716 million
2010: US$32,472 million
FDI Outflows : 2008: US$33,604
million
2009: US$16,160 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%
Purchase Term
International :
L/C, Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International :
L/C, Prepayment, Telegraphic transfer, Credit 30-90 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.55.36 |
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|
1 |
Rs.85.95 |
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Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.