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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SCANTECH
INTERNATIONAL PTY LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2011 (Group Consolidated) |
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Date of Incorporation : |
13.05.1999 |
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Com. Reg. No.: |
087557426 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing, export and distribution of real-time measurement instruments /products mainly used in the cement, coal and mining industries. |
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No. of Employees : |
32 employees (Scantech Group) |
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 : |
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) |
|
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 : SCANTECH INTERNATIONAL
PTY LTD
Business address :
143 Mooringe Avenue
Town : Camden
Park
Province : South Australia
Zip/postal code : 5038
Country : Australia
Tel : +61 8
83500200
Fax : +61 8
83500188
Email : service@scantech.com.au
Website : www.scantech.com.au
Registered address
: 143 Mooringe Avenue
Town : Camden
Park
Province : South Australia
Zip/postal code : 5038
Country : Australia
Postal address : P.O. Box 64
Town : Unley
Province : South Australia
Zip/postal code : 5061
Country : Australia
Sales and Marketing Office : P O Box 1485,
Springwood,
Queensland 4127,
Australia
Executive Summary
Date founded or
registered : 13/05/1999
Legal form : Australian
Proprietary Company
Chief executive : David John Lindeberg
Issued & paid
up capital : AUD 1,000
Sales turnover : AUD 9,545,508 (Group consolidated
12 months, 30/06/2011)
Net income : AUD 701,051 (Group
consolidated 12 months, 30/06/2011)
Total fixed assets
: AUD 20,371,227
(Group consolidated 12 months, 30/06/2011)
Line of business :
Manufacturing,
export and distribution of real-time measurement
instruments/products mainly used in the cement, coal and mining
industries.
Staff employed : 32 employees (Scantech
Group)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience
: Management is reasonably
experienced
Financial
performance : Financial
performance is fair
Organisation
structure : Organizational
structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
asked : Not described.
Registry Data
Registration date
: 13/05/1999
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 087557426
Registered
authority : Australian Securities
and Investments Commission
Fiscal/ Tax no : Australian Business
Number: 56087557426
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : David John Lindeberg
Designation : Managing Director
Appointments
Name : David John Lindeberg
Designation : Director
Appointment date :
13/05/99
Address : 67 Ridgway Drive
Flagstaff Hill, SA 5159
Australia
Biography : Born on 05-08-1953 in
Nambour, Queensland, Australia.
Mr. David J. Lindeberg serves as Managing Director and Executive
Director of Scantech Ltd. He is a Fellow of the Institute of Chartered
Accountants in Australia and joined Scantech in December 1998 as
the Chief Financial Officer and Company Secretary. He has had
experience in accounting worldwide, working for international
accounting firms from 1974 to 1989 in London, Johannesburg,
Sydney and Adelaide. David also spent five years working for the
South Australian Government. David joined the board of Scantech on
January 20, 2000, as an Executive Director and was appointed
Managing Director on March 2, 2001. He is a member of the
Nomination Committee and Audit Committee.
Name : Peter David Pedler
Designation : Director
Appointment date :
31/05/05
Address : 38 Kyre Avenue
Kingswood, SA 5062
Australia
Biography : Born on 12-01-1955 in Blyth,
South Australia, Australia.
Mr. Peter D. Pedler serves as Independent Non-Executive Chairman
of the Board of Scantech Ltd. He is a partner of an Adelaide law firm
Duncan Basheer Hannon. He practices in the fields of commercial
and property transactions and advises on due diligence and
corporate governance issues. He also advises on Corporations Act
and ASX compliance. He advises a range of public and proprietary
companies. Peter graduated with honours in 1980 and was admitted
as a legal practitioner in February 1981. He is involved in a number of
church and community organisations. Peter was appointed to the
Board on August 12, 2003. He is Chairman of the Nomination
Committee and member of the Audit Committee and Remuneration
Committee.
Name : Valerie Dawn Steer
Designation : Company Secretary
Appointment date :
15/10/01
Address : 41A Nyonga Avenue
Croydon Park, SA 5008
Australia
Biography : Born on 16-12-1955 in Mile
End, South Australia, Australia.
Ms. Valerie D. Steer serves as Chief Financial Officer and Company
Secretary of Scantech Ltd. Her qualifications include Business
Certificate (Accounting), Advanced Certificate (Industrial Relations)
and Affiliate Member of Chartered Secretaries Australia. Ms. Steer
has worked for Scantech for the past 9 years and is currently
performing the role of Chief Financial Officer. Ms. Steer was
appointed Company Secretary on October 15, 2001.
Staff employed : 32 employees (Scantech Group)
Key Advisors
Auditors : PKF AUSTRALIA
Level 6, 10 Eagle Street
Brisbane, QLD 4000
Australia
Composition
Authorized Capital
: AUD 1,000
No of shares : 1,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 1,000
Paid up capital : AUD 1,000
How listed : Full List
Composition
Shareholder name :
SCANTECH LIMITED
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
No. of shares : 1,000 Ordinary Shares
% of shares : 100%
Structure
Name : SCANTECH LIMITED
Affiliation type :
Parent Company
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
Comments : Scantech Limited, through its
subsidiaries, manufactures and markets scientific
and industrial instruments for the resource sector, including cement, coal,
and
minerals industries in Australia and internationally. It also offers
consulting
services and in-field support of scientific and industrial instruments.
The
company’s products include GEOSCAN–M, a real time elemental analyzer,
for a
range of industries, including iron, copper, phosphate, nickel,
manganese,
bauxite, and zinc. It also provides IRONSCAN and MINERALSCAN Model 1500
Natural Gamma Minerals Monitor, which is used for dilution monitoring,
mine
optimization, plant process control, uranium ore grade monitoring and
control, and
bulk sorting through flow redirection; and COALSCAN, a real time coal
quality
analyzer used for automated blending, sorting, washery optimization,
loadout
quality control, and moisture for the coal production market, as well as
for
stockpile management, contract surveillance, automated blending,
bunker-feed
monitoring, moisture, ash, elemental, and mine and wash plant control
applications for the power generation sector. In addition, the company
offers
GEOSCAN-C for mine feedback and control, limestone sorting, stockpile
building,
and raw mix proportioning in cement manufacturing; CIFA for carbon in
fly ash
monitoring; and CM100 Moisture Monitor for use in moisture monitoring of
coke
and sinter feed for blast furnaces in steel production. Further, it
provides TBM 200
Series Microwave Moisture Monitor for use in moisture monitoring, dust
management, filter and dryer control, tonnage correction, and metal
accounting.
Additionally, the company offers design, installation, and radiation
services; and
customer support services and spare parts. Scantech Limited was founded
in
1981 and is headquartered in Camden Park, Australia.
Name : COALSCAN PTY LTD
Affiliation type :
Sister Company
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
Name : MINERAL CONTROL
INSTRUMENTATION PTY LIMITED
Affiliation type :
Sister Company
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
Name : SCANTECH APPLICATIONS
PTY LTD
Affiliation type :
Sister Company
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
Name : SCANTECH PROPERTIES PTY
LTD
Affiliation type :
Sister Company
Address : 143 Mooringe Avenue
Camden Park, SA 5038
Australia
Related companies
and corporate
affiliations comments:
Other companies of the Scantech Group
should be considered affiliates of the
Subject.
Bank Details
Name of bank : Bendigo 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 : Public Record
Sources
Financial
statement date : 30/06/11
Type of accounts :
Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.99 as of
16-06-2012
Summarized Financial Information
Consolidation type
: Group Consolidated Group Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar
(AUD)
Denomination : (x1) One (x1) One
Date of financial
year end : 30/06/11 30/06/10
Length of accounts
: 12 months 12 months
Sale turnover /
Income : 9,545,508 13,181,906
Gross profit : 5,866,033 7,419,294
Profit before tax
: 25,303 237,248
Net income : 701,051 441,362
Non current assets
: 8,016,707 7,082,496
Current assets : 12,354,520 12,416,096
Inventories : 2,565,123 3,376,027
Total assets : 20,371,227 19,498,592
Current
liabilities : 6,765,901
6,946,589
Non current
liabilities : 3,269,171 2,916,899
Total liabilities
: 10,035,072 9,863,488
Share equity : 10,336,155 9,635,104
Reserve : 1,320,991 703,241
Retained earning :
-7,701,005 -7,784,306
Comments : The group’s consolidated
financial information above relates to the Subject’s
Parent Company Scantech Limited and all its subsidiaries which include
the
Subject.
Main activities : The Subject engages in manufacturing,
export and distribution of real-time
measurement instruments/products mainly used in the cement, coal and
mining industries.
The Subject is wholly owned subsidiary of Scantech Limited, a public
listed
company on Australian Stock Exchange.
Scantech Limited, through its subsidiaries, manufactures and markets
scientific and industrial instruments for the resource sector, including
cement, coal, and minerals industries in Australia and internationally.
It also
offers consulting services and in-field support of scientific and
industrial
instruments.
The company’s products include GEOSCAN–M, a real time elemental
analyzer, for a range of industries, including iron, copper, phosphate,
nickel, manganese, bauxite, and zinc. It also provides IRONSCAN and
MINERALSCAN Model 1500 Natural Gamma Minerals Monitor, which is
used for dilution monitoring, mine optimization, plant process control,
uranium ore grade monitoring and control, and bulk sorting through flow
redirection; and COALSCAN, a real time coal quality analyzer used for
automated blending, sorting, washery optimization, loadout quality
control,
and moisture for the coal production market, as well as for stockpile
management, contract surveillance, automated blending, bunker-feed
monitoring, moisture, ash, elemental, and mine and wash plant control
applications for the power generation sector.
In addition, the company offers GEOSCAN-C for mine feedback and
control, limestone sorting, stockpile building, and raw mix
proportioning in
cement manufacturing; CIFA for carbon in fly ash monitoring; and CM100
Moisture Monitor for use in moisture monitoring of coke and sinter feed
for
blast furnaces in steel production. Further, it provides TBM 200 Series
Microwave Moisture Monitor for use in moisture monitoring, dust
management, filter and dryer control, tonnage correction, and metal
accounting.
Additionally, the company offers design, installation, and radiation
services;
and customer support services and spare parts. Scantech Limited was
founded in 1981 and is headquartered in Camden Park, Australia.
Product &
services : - On-line analysers for
Coal, Cement, Steel, Minerals and Power Plant
- COALSCAN: Range of real time coal analysers
- GEOSCAN: An On- Belt Elemental analysis system for monitoring bulk
materials such as limestone and iron ore.
- TBM 200 Series: Microwave Moisture Monitors
- CM100: CM100 Coke Moisture Monitor is a direct, on-conveyor monitor
for measuring moisture in conductive materials.
- CIFA350: Carbon in Fly Ash Monitor
- NG Minerals Monitor: Model 1500 Natural Gamma Minerals Monitor
Purchases
International :
Asian countries
page 12 / 16
Sales
Local : Yes
International :
Worldwide
Property & Assets
Premises : The Subject operates from the verified
heading address consisting of
production facilities, warehouse and administrative office.
Branches : In addition, the Subject operates from a
branch office located at:
U14, 2994 Logan Road
Underwood, QLD 4119
Australia
Tel: +61 7 37108400
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 41.385
billion
Gross domestic
product - GDP : US$ 1.235
trillion
GPP (Purchasing
power parity) : 918.529
billion of International dollars
GDP per capita -
current prices : US$ 55,590
GDP - composition
by sector : agriculture:
4.1%
industry: 26%
services: 70%
Inflation : 2008:
4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate
: 2008: 4.2%
2009: 5.6%
2010: 5.2%
Public debt
(General
Government gross debt as
a % GDP): 2008:
11.6%
2009: 17.6%
2010: 22.3%
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 : Commonwealth
Bank (Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio
Tinto (Materials), National Australia Bank (Banking), ANZ Banking (Banking),
Telstra (Telecommunications)
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 : 2007: US$45,477
million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows : 2007: US$16,822
million
2008: US$32,819 million
2009: US$18,426 million
Best countries for
doing business : 10 out of 183 countries
Global
competitiveness ranking : 16
(ranking by country on a basis of 133, 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: 74.00%
Purchase Term
International :
Prepayment, L/C, Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, D/P, 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.56.01 |
|
|
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.