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Report Date : |
23.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ANCA PTY LTD |
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Formerly Known As : |
AUSTRALIAN N.C. AUTOMATION 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 : |
26.02.1976 |
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Com. Reg. No.: |
00516324 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Designs and manufactures CNC grinding machines. |
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No. of Employees : |
656 employees (Anca 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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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Verified Address
Subject name : ANCA PTY LTD
Business address : 25 Gatwick Road
Town : Bayswater North
Province : Victoria
Zip/postal code : 3153
Country : Australia
Tel : +61 3 97518200
Fax : +61 3 97517300
Website : www.anca.com
Registered address : 25 Gatwick Road
Town : Bayswater North
Province : North Victoria
Zip/postal code : 3153
Country : Australia
Executive Summary
Date founded or registered : 26/02/1976
Legal form : Australian Proprietary Company
Chief executive : Grantly Martin Anderson
Issued & paid up capital : AUD 125,717
Sales turnover : AUD 128,549,406 (Consolidated 12 months, 30/06/2011)
Net income : AUD 13,798,587 (Consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 116,070,422 (Consolidated 12 months, 30/06/2011)
Line of business : Designs and manufactures CNC grinding machines.
Staff employed : 656 employees (Anca 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
Registry Data
Registration date : 26/02/1976
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 005163244
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 43005163244
Registry status : Live/Active
Previous name : AUSTRALIAN N.C. AUTOMATION PTY. LTD.
DROMADEL PTY. LTD. (initial)
Change of legal form : None reported.
Key Management
Name : Grantly Martin Anderson
Designation : Chief Executive Officer
Name : Jeffrey Foregard
Designation : Executive Director
Name : David John Stubbings
Designation : Chief Financial Officer
Appointments
Name : Patrick John McCluskey
Designation : Director
Appointment date : 11/06/76
Address : 6 Kingfield Court
Camberwell, VIC 3124
Australia
Biography : Born on 24-08-1948 in Koroit, Victoria, Australia.
Name : Patrick Gerard Boland
Designation : Director
Appointment date : 11/06/76
Address : 73 Alfred Street
Kew, VIC 3101
Australia
Biography : Born on 02-11-1948 in Yallourn, Victoria, Australia.
Name : Russell John Riddiford
Designation : Director
Appointment date : 12/03/96
Address : Commerce Township
Michigan 48382
United States
Biography : Born on 25-03-1962 in Melbourne, Victoria, Australia.
Name : Jeffrey Foregard
Designation : Director
Appointment date : 30/06/06
Address : Pudong, Shanghai
China
Biography : Born on 08-12-1963 in London, United Kingdom.
Name : Grantly Martin Anderson
Designation : Director
Appointment date : 25/08/10
Address : 25 Mariposa Place
Port Melbourne, VIC 3207
Australia
Biography : Born on 01-10-1954 in Adelaide, South Australia, Australia.
Name : David John Stubbings
Designation : Company Secretary
Appointment date : 12/03/96
Address : 59 Broadford Crescent
Macleod, VIC 3085
Australia
Biography : Born on 06-09-1954 in Cambridge, United Kingdom.
Staff employed : 656 employees (Anca Group)
Key Advisors
Auditors : DELOITTE & CO
550 Bourke Street
Melbourne, VIC 3000
Australia
Composition
Authorized Capital :
AUD 125,717
No of shares : 1,251 Employee Shares / 124,466 Founder Shares
Share par value :
AUD 1
Issued capital : AUD 125,717
Paid up capital : AUD 125,717
How listed : Full List
Composition
Shareholder name : Russell John Riddiford
Address : Commerce Township
Michigan 48382
United States
No. of shares : 1,251 Employee Shares
Shareholder name : PICOPROP PTY. LTD.
Address : 73 Alfred Street
Kew, VIC 3101
Australia
No. of shares : 302 Founder Shares
Shareholder name : Patrick Gerard Boland
Address : 73 Alfred Street
Kew, VIC 3101
Australia
No. of shares : 29,735 Founder Shares
Shareholder name : Elizabeth Anne Boland
Address : 73 Alfred Street
Kew, VIC 3101
Australia
No. of shares : 29,678 Founder Shares
Shareholder name : Patrick John McCluskey
Address : 6 Kingfield Court
Camberwell, VIC 3124
Australia
No. of shares : 59,715 Founder Shares
Shareholder name : Russell John Riddiford
Address : Commerce Township
Michigan 48382
United States
No. of shares : 5,036 Founder Shares
Structure
Name : ANCA MOTION PTY LTD
Affiliation type : Wholly-owned
Subsidiary Address : 41 Gatwick Road
Bayswater North, VIC 3153
Australia
Name : PATRIX FENCING PTY LTD
Affiliation type : Wholly-owned
Subsidiary Address : 25 Gatwick Road
Bayswater North, VIC 3153
Australia
Name : ANCA INC.
Affiliation type : Wholly-owned Subsidiary
Address : 31129 Century Drive
Wixom
Michigan 48393
United States
Name : ANCA (U.K.) LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : 2 Eastwood Business Village
Harry Weston Road, Binley
Coventry CV3 2UB West Midlands United Kingdom
Name : ANCA MOTION TAIWAN CO., LTD.
Affiliation type : Wholly-owned Subsidiary
Address : 1F., No.57, Gongyequ 37th Rd.
Xitun Dist., Taichung City 407
Taiwan
Name : ANCA MACHINE TOOL (SHANGHAI) CO., LTD.
Affiliation type : Wholly-owned Subsidiary
Address : West Wing, 1/F., Building 4
475 Fu Te No.1 Road(W) Waigaoqiao FTZ, Shanghai China
Name : ANCA (EUROPE) GMBH
Affiliation type : Wholly-owned Subsidiary
Address : Alois-Senefelder-Str. 4
68167 Mannheim
Germany
Name : ANCA MANUFACTURING (THAILAND) LTD
Affiliation type : Wholly-owned Subsidiary
Address : Eastern Seaboard Industrial Estate
No. 109/20 Moo 4
Tambon, Pluakdaeng Amphur, Pluakdaeng Rayong 21140
Thailand
Name : ANCA ISRAEL LTD
Affiliation type : Wholly-owned Subsidiary
Address : 3 Hayetzira Street
Ramat Gan
Israel
Name : ANCA DO BRASIL RETIFICAS DE PRECISAO LTDA
Affiliation type : Wholly-owned Subsidiary
Address : Rua Francisco Ferreira Leăo 377
Sorocaba 18040 330
Săo Paulo
Brasil
Related companies and corporate affiliations comments: Other companies of the ANCA 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 : Satisfied Charges:
ASIC Charge Number: 95204
Date Registered: 01-10-1982
Charge type: Both Fixed & Floating
Date Created: 17-09-1982
Chargees Name: RURAL FINANCE CORPORATION OF VICTORIA
ASIC Charge Number: 95235
Date Registered: 14-10-1987
Charge type: Both Fixed & Floating
Date Created: 23-09-1987
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 473174
Date Registered: 05-01-1995
Charge type: Both Fixed & Floating
Date Created: 22-12-1994
Chargees Name: ST.GEORGE BANK LIMITED & ST. GEORGE FINANCE LIMITED
ASIC Charge Number: 526982
Date Registered: 12-02-1996
Charge type: Both Fixed & Floating
Date Created: 24-01-1996
Chargees Name: AUSTRALIAN TRADE COMMISSION
ASIC Charge Number: 808823
Date Registered: 06-07-2001
Charge type: Both Fixed & Floating
Date Created: 31-05-2001
Chargees Name: BANK ONE, NATIONAL ASSOCIATION
ASIC Charge Number: 987206
Date Registered: 22-10-2003
Charge type: Both Fixed & Floating
Date Created: 18-09-2003
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
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 : 30/06/11
Type of accounts :
Full audited
Currency : Australia Dollar (AUD)
Exchange rate :
1 USD = AUD 0.93 as of 15-02-2012
Summarized Financial
Information
Consolidation type : Consolidated Consolidated
Currency : Australia Dollar (AUD) Australia Dollar (AUD)
Date of financial year end : 30/06/11 30/06/10
Length of accounts : 12 months 12
months
Sale turnover / Income : 128,549,406 81,209,272
Gross profit : 56,476,023 31,258,860
Profit before tax : 17,477,122 2,462,876
Net income : 13,798,587 3,043,757
Non current assets : 37,464,526 39,846,721
Current assets : 78,605,896 52,957,658
Inventories : 49,954,777 31,260,171
Total assets :
116,070,422 92,804,379
Current liabilities : 56,204,421 39,001,814
Non current liabilities : 3,588,280 5,796,020
Total liabilities : 59,792,701 44,797,834
Share equity : 56,277,721 48,006,545
Retained earning : 58,477,199 46,439,458
Comments : The consolidated financial information
above relates to the Subject and all its subsidiaries.
Main activities :
The Subject is an Australia company
which designs and manufactures
CNC grinding machines. The company
was founded in 1974 by Pat Boland and Pat McCluskey in Melbourne, Australia.
The Subject products
include CNC grinding machines, CNC tool and cutting machines, CNC sharpening
machines, CNC tap manufacturing machines, CNC specialist stick-blade grinding
machines. In addition the Subject also design and produce software and offer
refurbishment services. It is considered a leader in its field of high-end
precision grinders that are used in many industries including aeronautics and
the automotive production and has claimed to be the No. 1 supplier of CNC
machines in China, Britain and the US.
Product & services : -CNC system design, manufacture and
assembly
-System and application software development
-Mechanical design, manufacture and assembly
-Electrical and electronic design, manufacture and assembly
-Global sales,
engineering and support network
Purchases
International : Mainly from China, Taiwan, Thailand
Sales
Local : Yes
International : Worldwide
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of production facilities, warehouse and administrative office.
Branches : None reported.
Other property : Total Group NBV of property, plant and equipment as of 30-06-2011 was
AUD 23,492,587.
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$ 1.448 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%
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 : 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, Prepayment, Cash against document,
Credit up to 120 days
Sales Term
Local : Prepayment, Cash against document,
Credit up to 120 days
International : L/C, Prepayment, Cash against document,
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.55.16 |
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UK Pound |
1 |
Rs.88.03 |
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Euro |
1 |
Rs.70.86 |
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.