MIRA INFORM REPORT
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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BHP BILLITON MITSUI COAL PTY LTD |
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Formerly Known As : |
BHP MITSUI COAL PTY. LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
23.02.1962 |
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Com. Reg. No.: |
009713875 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Open cut coal mining and
exploration in |
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No. of Employees : |
40,757 employees (BHP Billiton) |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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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
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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 : BHP BILLITON MITSUI COAL PTY LTD
Business address : Level 25, 12 Creek Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Tel : +61 7 38352000
Fax : +61 7 33298932
Website : www.bhpbilliton.com
Registered address : '
1 Eagle Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Executive Summary
Date founded or registered : 23/02/1962
Legal form : Australian
Proprietary Company
Chief executive : Jill Margaret Buckle
Issued & paid up capital
: AUD 168,372,130
Sales turnover : USD
1,241,270,000 (Non-consolidated 12 months, 30/06/2011)
Net income : USD 400,336,000
(Non-consolidated 12 months, 30/06/2011)
Total fixed assets : USD 945,440,000
(Non-consolidated 12 months, 30/06/2011)
Line of business : Open cut coal mining and
exploration in Queensland.
Staff employed : 40,757 employees (BHP
Billiton)
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 very good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
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 : 23/02/1962
Legal form : Australian
Proprietary Company
Registration no Australian Company
Number: 009713875
Registered authority : Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business
Number: 34009713875
Registry status : Live/Active
Previous name : BHP MITSUI COAL PTY.
LTD.
THIESS
DAMPIER MITSUI COAL PTY. LTD.
THIESS PEABODY
MITSUI COAL PTY. LTD.
PEABODY
COAL PTY. LTD. (initial)
Change of legal form : None reported.
Key Management
Name : Jill Margaret Buckle
Designation : Managing Director
Name : Gideon Johannes Oberholzer
Designation : Director
Name : Hubrecht van Dalsen
Designation : Director
Appointments
Name : Jill Margaret Buckle
Designation : Director and Company Secretary
Appointment date : 12/04/99
Address : 30 Tinarra Crescent
Kenmore
Hills, QLD 4069
Australia
Biography : Born on 05-03-1959 in
Lismore, New South Wales, Australia.
Name : Gideon Johannes
Oberholzer
Designation : Director
Appointment date : 16/12/08
Address : 28 Addison Avenue
Bulimba,
QLD 4171
Australia
Biography : Born on 22-12-1967 in
Empangeni, South Africa.
Name : Hubrecht van Dalsen
Designation : Director
Appointment date : 01/03/09
Address : 21 Nolan Rise
Brookfield,
QLD 4069
Australia
Biography : Born on 28-11-1960 in Outjo, Namibia.
Name : Michael David Rosengren
Designation : Director
Appointment date : 01/05/11
Address : 11 Jennings Court
Carindale, QLD 4152
Australia
Biography : Born on 05-10-1962 in
Melbourne, Victoria, Australia.
Name : Takeshi Kakinuma
Designation : Director
Appointment date : 03/10/11
Address : Japan
Biography : Born on 09-11-1958 in Tokyo, Japan.
Name : David Lyle Ruddell
Designation : Alternate Director
Appointment date : 04/08/11
Address : 48 Dennis Street
Indooroopilly,
QLD 4068
Australia
Biography : Born on 31-03-1969 in
Melbourne, Victoria, Australia.
Name : Katsuaki Fukamachi
Designation : Alternate Director
Appointment date : 03/10/11
Address : Unit 4, 81 Collings Street
Balmoral,
QLD 4171
Australia
Biography : Born on 03-10-1968 in Tokyo,
Japan.
Staff employed : 40,757 employees (BHP Billiton)
Key Advisors
Auditors : KPMG
'Riparian
Plaza'
Level 16,
71 Eagle Street
Brisbane,
QLD 4000
Australia
Composition
Authorized Capital : AUD 168,372,130
No of shares : 48,140,000 Class A
Shares / 18,260,000 Class B Shares / 11,361,697 Class C
Shares / 6,424,368 Cumulative Redeemable Preference Shares
Share par value : No par value
Issued capital : AUD 168,372,130
Paid up capital : AUD 168,372,130
How listed : Full List
Composition
Shareholder name : DAMPIER COAL (QUEENSLAND) PROPRIETARY
LIMITED
Address : 'Waterfront Place'
Level 20,
1 Eagle Street
Brisbane,
QLD 4000
Australia
No. of shares : 48,140,000 Class A Shares /
18,260,000 Class B Shares / 948,852 Cumulative
Redeemable Preference Shares
Shareholder name : MITSUI & CO. (AUSTRALIA) LTD.
Address : 'Gateway Building'
Level 46,
1 Macquarie Place
Sydney NSW
2000
Australia
No. of shares : 136,888 Class C Shares / 5,475,516
Cumulative Redeemable Preference Shares
Shareholder name : MITSUI & CO., LTD.
Address : 2-1 Ohtemachi 1-chome
Chiyoda-ku,
Tokyo 100-0004
Japan
No. of shares : 11,224,809 Class C Shares
Structure
Name : BHP BILLITON LIMITED /
BHP BILLITON PLC
Affiliation type : Ultimate Holding Company
Address : BHP BILLITON LIMITED
BHP
Billiton Centre
180
Lonsdale Street
Melbourne,
VIC 3000
Australia
BHP
BILLITON PLC
Neathouse
Place
London
SW1V 1BH, United Kingdom
Comments :
Bhp Billiton Limited / Bhp Billiton PLC together with its
subsidiaries, operates as a diversified natural resources company worldwide.
The company engages in the exploration, development, and production of oil and
gas; mining and refining of bauxite into alumina, and smelting of alumina into
aluminum metal; and mining of
copper, silver, lead, zinc, molybdenum, uranium, gold, diamonds,
and titanium minerals, as well as development of potash deposits. It also
involves in the mining and production of nickel products, manganese ore, and
manganese metal and alloys, as well as in the mining of iron ore, metallurgical
coal, and thermal coal.
BHP Billiton Limited sells its copper, lead, and zinc
concentrates, and alumina to smelters; copper cathodes to wire rod mills, brass
mills, and casting plants; uranium oxide to electricity generating utilities;
rough diamonds to diamond buyers and diamond manufacturers; nickel products to
stainless steel, specialty alloy, foundry, chemicals, and refractory material
industries; metallurgical coal to steel producers; and energy coal to power
stations, power generators, and industrial users. The company, formerly known
as BHP Ltd. and changed its
name to BHP Billiton Ltd. in July, 2001. It was founded in 1885
and is headquartered in Melbourne, Australia.
The company has a dual listing in Australian Stock Exchange and
London Stock Exchange.
Name : DAMPIER
COAL (QUEENSLAND) PROPRIETARY LIMITED
Affiliation type : Parent
Company
Address :
'Waterfront Place'
Level 20, 1 Eagle Street
Brisbane, QLD 4000
Australia
Name : MITSUI
& CO., LTD.
Affiliation type : Minority
Shareholder
Address : 2-1
Ohtemachi 1-chome
Chiyoda-ku, Tokyo 100-0004
Japan
Comments :
Mitsui & Co., Ltd., together with its subsidiaries, operates
as a general trading company. It involves in the wholesale, retail, and
processing of steel products; domestic sales, export, and import of steel
products for construction and other steel products; manufacture and sale of
steel tube; mining and sale of iron ore; sales and trading of scrap,
ferroalloys, and non-ferrous material products; and copper mining in Chile. The
company also engages in sales of various plants, electric power facilities, and
transportations; manufacturing plant-related materials and equipment;
designing, building, and operation of water treatment plants; operation of LNG
terminals and gas distribution; operation and maintenance of power plants;
freight car and locomotive leasing and management; import and sale of
automobiles and auto parts; sale of trucks and buses; motorcycle retail
finance; sales of construction and mining equipment; and import
and sales of helicopters, and defense and aerospace products, as well as
provision of auto parts logistics, shipping, and deepwater drilling services.
In addition, it involves in the operation and leasing of chemical tankers;
production and sale of methanol, salt, industrial chemicals, anhydrous ammonia,
fertilizers, and agricultural products; export of electronic devices; sale of
plastics and chemicals; sale and trading of solvents and coated materials; crop
protection business; phosphorous ore mining; exploration, development, and
production of oil, natural gas, and condensate; coal and uranium mining;
liquefied natural gas project activities; and sale and installation of
photovoltaic systems. Further, the company engages in water supply, real
estate, food and retail, consumer services, information technology,
transportation logistics, and financial markets businesses. It has operations
primarily in the Americas, Europe, the Middle East, Africa, and the
Asia-Pacific. The company was founded in 1947 and is headquartered in Tokyo,
Japan.
Name : MITSUI & CO.
(AUSTRALIA) LTD.
Affiliation type : Minority Shareholder
Address : 'Gateway Building'
Level 46,
1 Macquarie Place
Sydney NSW
2000
Australia
Comments :
Mitsui & Co. (Australia) Ltd. engages in the development
and export of minerals, energy, and agricultural products in Australia. The company
also promotes telecommunications and forestry. It primarily exports minerals
and energy to Japan. Mitsui’s exports include coal, gas, iron ore, meat,
aluminum, woodchips, copper, and oil. The company is headquartered in Sydney,
Australia. Mitsui & Co. (Australia) Ltd. is wholly
owned by Mitsui & Co., Ltd., of Japan, as of May 31,
Name : BHP
BILLITON ENERGY COAL SOUTH AFRICA LIMITED
Affiliation type : Sister Company
Address : South Africa
Comments : Coal mining.
Name : BHP
BILLITON PETROLEUM (AUSTRALIA) PTY LTD
Affiliation type : Sister Company
Address : Australia
Comments : Hydrocarbons production.
Name : BHP
BILLITON MINERALS PTY LTD
Affiliation type : Sister Company
Address : Australia
Comments : Iron ore, coal, silver, lead and zinc mining.
Name : BHP
BILLITON ENERGY COAL AUSTRALIA PTY LTD
Affiliation type : Sister Company
Address : Australia
Comments : Holding company.
Name : BHP
BILLITON MARKETING INC.
Affiliation type : Sister Company
Address : United States
Comments : Marketing and trading.
Name : BHP
COAL PTY LIMITED
Affiliation type : Sister Company
Address : Australia
Comments : Holding company and coal mining.
Related
companies and corporate affiliations comments
Other companies of the BHP Billiton 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.
FINANCIAL
Description
Source of financial statement
: Commercial Registry Filings
Financial statement date : 30/06/11
Type of accounts : Full audited
Currency : US Dollar (USD)
Consolidation type : Non Consolidated Non Consolidated Group Consolidated
Currency : US Dollar (USD) US Dollar (USD) US Dollar (USD)
Denomination : (x1) One (x1) One (x1) One
Date of financial year end : 30/06/11 30/06/10 30/06/11
Length of accounts : 12 months 12 months 12 months
Sale turnover / Income : 1,241,270,000
876,218,000 71,739,000,000
Operating profit : 31,816,000,000
Profit before tax : 527,064,000 364,297,000 31,255,000,000
Net income : 400,336,000 243,970,000 23,946,000,000
Non current assets : 348,671,000 283,916,000 77,611,000,000
Current assets : 596,769,000 236,451,000 25,280,000,000
Inventories : 40,665,000 60,770,000 6,154,000,000
Total assets : 945,440,000 520,367,000 102,891,000,000
Current liabilities : 140,373,000 127,762,000 19,733,000,000
Non current liabilities : 74,771,000 67,394,000 25,403,000,000
Total liabilities : 215,144,000 195,156,000 45,136,000,000
Share equity : 730,296,000 325,211,000 57,755,000,000
Retained earning : 635,782,000 235,446,000 53,131,000,000
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 Bhp Billiton Limited / Bhp Billiton PLC and all its subsidiaries which include the Subject.
Main activities : The Subject engages in open cut
coal mining and exploration in Queensland.
The Subject operates 2 mines in the Bowen Basin: South Walker Creek Mine and Poitrel Mine. South Walker Creek Mine is located on the eastern flank of the Bowen Basin, 35 kilometres west of the town of Nebo and 132 kilometres west of the Hay Point port facilities.
Poitrel Mine is situated south-east
of the town of Moranbah and began open-cut operations in October 2006.
The Subject is 80% owned by BHP
Billiton Limited.
BHP Billiton Ltd., together with its
subsidiaries, operates as a diversified natural resources company worldwide.
BHP Billiton Limited is the world's
largest mining company measured by 2011 revenues and was the world's
third-largest company measured by market capitalisation.
Product & services :
Coal
Purchases
International : Worldwide
Sales
International : Worldwide
Property &
Assets
Premises : The Subject operates from premises located at the verified heading address consisting of
administrative office.
Branches : In addition, the Subject operates from 2 mines in the Bowen Basin: South Walker Creek Mine and Poitrel Mine
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, D/P, Credit up to 120 days
Sales Term
International : L/C, D/P, 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.