|
Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHP BILLITON MITSUI COAL PTY LTD |
|
|
|
|
Registered Office : |
'Waterfront Place' Level 20 1 Eagle Street, Brisbane, Queensland 4000 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
23.02.1962 |
|
|
|
|
Com. Reg. No.: |
009713875 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Open cut coal mining and exploration in Queensland. |
|
|
|
|
No. of Employees : |
88 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Australia - ECONOMIC OVERVIEW
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.
|
Source : CIA |
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 :
'Waterfront Place' Level 20
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 1,389,094,000 (Non-consolidated 12 months, 30/06/2012)
Net income :
USD 292,885,000 (Non-consolidated 12 months, 30/06/2012)
Total fixed assets :
USD 1,361,455,000 (Non-consolidated 12 months, 30/06/2012)
Line of business :
Open cut coal mining and exploration in Queensland.
Staff employed :
88 employees (Subject); 46,370 employees (BHP Billiton 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 very good
Organization structure :
Organizational structure is stable
Detrimental :
No detrimental 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 :
Hiroshi Toyoda
Designation :
Director
Appointment date :
14/01/13
Address :
Japan
Biography :
Born on 07-11-1970 in Osaka, 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 :
Colin Robert Gilligan
Designation :
Alternate Director
Appointment date :
11/05/12
Address :
'Lushington 4107'
205 King Arthur Terrace
Tennyson, QLD 4105
Australia
Biography :
Born on 24-10-1965 in Kensington, Johannesburg, South Africa.
Staff employed :
88 employees (Subject); 46,370 employees (BHP Billiton Group)
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 engages in the wholesale, retail, and processing of steel
products; domestic sales, export, and import of steel products for construction
and other steel products; mining and sale of iron ore; sales and trading of
scrap, ferroalloys, and non-ferrous material products; copper mining in Chile;
scrap metal recycling; and nickel and cobalt smelting. 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, membership car sharing,
shipping, and deepwater drilling services. In addition, it is involved 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; sales and trading of solvents and coating
materials; crop protection business; phosphorous ore mining; exploration, development, and production of oil, natural
gas, and condensate; coal and uranium mining; sale of petroleum products and
crude oil. Further, the company engages in food and retail, real estate, water
supply, consumer services, information technology, logistics, insurance, and
financial 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, 2004.
Name :
BHP BILLITON PETROLEUM (AUSTRALIA) PTY LTD
Affiliation type :
Sister Company
Address :
BHP Billiton Centre
180 Lonsdale Street
Melbourne, VIC 3000
Australia
Comments :
Hydrocarbons production.
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.
Description
Source of financial statement :
Commercial Registry Filings
Financial statement date :
30/06/12
Type of accounts :
Full audited
Currency :
US Dollar (USD)
Exchange rate :
1 USD = AUD 0.96 as of 25-01-2013
Summarized
Financial Information
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 :
30/06/12 30/06/11 30/06/12
Length of accounts :
12 months 12 months 12 months
Sale turnover / Income :
1,389,094,000 1,241,270,000 72,226,000,000
Operating profit :
23,752,000,000
Profit before tax :
417,583,000 527,064,000 23,022,000,000
Net income :
292,885,000 400,336,000 15,532,000,000
Non current assets :
791,816,000 348,671,000 108,822,000,000
Current assets :
569,639,000 596,769,000 20,451,000,000
Inventories :
44,169,000 40,665,000 6,233,000,000
Total assets
: 1,361,455,000 945,440,000 129,273,000,000
Current liabilities :
240,868,000 140,373,000 22,034,000,000
Non current liabilities :
99,225,000 74,771,000 40,154,000,000
Total liabilities :
340,093,000 215,144,000 62,188,000,000
Share equity :
1,021,382,000 730,296,000 67,085,000,000
Retained earning :
928,667,000 635,782,000 62,236,000,000
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 PLC Bhp
Billiton Limited / Bhp Billiton PLC is diversified natural resources company.
The Company generally operates through customer sector groups (CSGs). The
Company operates in nine segments: Petroleum, Aluminium, Base Metals, Diamonds
and Specialty Products, Stainless Steel Materials, Iron Ore, Manganese, Metallurgical
Coal and Energy Coal.
As of June 30, 2012, the Company was working in more than 100 locations
worldwide. During the fiscal year ended June 30, 2012 (fiscal 2012), the
Company total petroleum production was 222.3 millions of barrels of oil equivalent.
During fiscal 2012, its aluminium had a total production in 1.2
million tones (Mt) of aluminium. In August 2011, the Company acquired
Petrohawk Energy Corporation. On September 30, 2011, it acquired HWE
Mining Subsidiaries from Leighton Holdings. On September 7, 2012, the
Company announced the sale of its 37.8 % non-operated interest in Richards Bay
Minerals
Product & services :
Coal
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
administrative office.
Branches
: In addition, the Subject operates from 2 mines in the Bowen Basin: South
Walker Creek Mine and Poitrel Mine.
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 : 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 :
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, D/P, Credit up to 120 days
Sales Term
Local :
Bank transfer, D/P, Credit up to 120 days
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.