MIRA INFORM REPORT

 

 

Report Date :

06.05.2013

 

IDENTIFICATION DETAILS

 

Name :

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

 

 

India Branch Office :

Cynergy, A-1, Ground Floor, and A-6th Floor, Appa Saheb Marathe MArg, Prabhadevi, Mumbai-400025, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

21.10.2010

 

 

FCRN :

F04035

 

 

Capital Investment / Paid-up Capital :

Rs. 5854.184 Millions

 

 

Legal Form :

Foreign Registry Company

 

 

Line of Business :

Banking Activities

 

 

No. of Employees :

Information denied by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 23420000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a branch of “Australia and New Zealand Banking Group Limited, Australia.

 

It is a relatively new bank having a satisfactory track record.

 

As the branch is newly started the financial position seems to be improving.

 

However, the bank gets strong financial and managerial support from its group.

 

The trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment.

 

In view of experience promoters the company can be considered for business dealings of usual trade terms and condition. 

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

 

INFORMATION DECLINED BY

 

Management non co-operative

 

LOCATIONS

 

Registered Office :

ANZ Centre Melbourne, Level 9, 833, Collins Street, Docklands, Melbourne, Victoria-3008, Australia

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

sandhya.vishal@anz.com

Website :

www.anz.com

 

 

India Branch Office :

Cynergy, A-1, Ground Floor, and A-6th Floor, Appa Saheb Marathe MArg, Prabhadevi, Mumbai-400025, Maharashtra, India 

Tel. No.:

91-22-33620000

 

 

DIRECTORS

 

AS ON 22.10.2010

 

Name :

John Powell Morschel

Designation :

Chairman

Address :

ANZ Centre Melbourne, Level 9, 833, Collins Street, Docklands, Melbourne, Victoria-3008, Australia

Other Directorship:
  • Capitaland Limited (From 2010)
  • Tenix Group Pty Limited (From 1998)
  • Gilfford Communication Pty Limited (From 2000)

 

 

Name :

Dr. Gregory John Clark

Designation :

Director

Address :

Apartment SD 715, Park Avenue, New York-10021, USA

Other Directorship:
  • KaComm Communication Pty Limited (Director From 2006)

 

 

Name :

Mr. Peter Algemon Franc May

Designation :

Director

Address :

59, Cromwell Road, South Yarna VIC 3141, Australia

Other Directorship:
  • Lazard Pty Limited (Chairman From 2009)
  • Alumina Limited (From 2002)
  • Landcare Australia Limited (From 2008)
  • GUD Holdings Limited (From 2009)
  • NBN Co Limited (From 2009)
  • Myer Holdings Limited (From 2010)

 

 

Name :

Mr. HsienYang LEE

Designation :

Director

Address :

ANZ Centre Melbourne, Level 9, 833, Collins Street, Docklands, Melbourne, Victoria-3008, Australia

Other Directorship:
  • Fraser and Neave Limited (From 2007)
  • Civil Aviation Authority of Singapore (From 2009)
  • Singapore Exchange Limited (From 2004)
  • The Islamic Bank of Asia Limited (From 2007)
  • Kwa Geok Choo Pte Limited (From 1979) 

 

 

Name :

Mr. Ian John Macfralane

Designation :

Director

Address :

10, Alexander Avenue Mosman NSW 2088, Australia

Other Directorship:
  • Woolworths Limited (From 2007)
  • Leighton Holdings Limited (From 2007)
  • The Lowy Institute for International Policy (From 2004)

 

 

Name :

Mr. David Edward Metklejohn

Designation :

Director

Address :

23 Chivers Road, Templestowe VIC 3106, Australia

Other Directorship:
  • Papaerlinx Limited (Director From 1999)
  • Coca Cola Amati Limited (From 2005)
  • Mirrabooka Investments Limited (From 2005)

 

 

Name :

Mr. Michael Roger Pearson Smith

Designation :

Director

Address :

ANZ Centre Melbourne, Level 9, 833, Collins Street, Docklands, Melbourne, Victoria-3008, Australia

 

 

Name :

Allson Mary Watkins

Designation :

Director 

Address :

11, Russell Street, Tootak, VIC 3142, Australia

Other Directorship:
  • GralnCorp Limited (From 2010)
  • AICD Victorian Council (From 2007)
  • The Nature Conservancy Australian Advisory Board (From 2007)

 

 

KEY EXECUTIVES

 

Name :

Mr. John William Priestley 

Designation :

Secretary

Address :

B Cosham Street, Brighton VIC 3186, Australia

 

 

Name :

Mr. Peter Ralph Marriott

Designation :

Secretary

Address :

ANZ Centre Melbourne, Level 9, 833, Collins Street, Docklands, Melbourne, Victoria-3008, Australia

 

 

Name :

Mr. Richard Batholomew Santamaria

Designation :

Secretary

Address :

653, Burke Road, Hawthorn East VIC-3123, Australia

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

NOT AVAILABLE

 

 

BUSINESS DETAILS

 

Line of Business :

Banking Activities

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by the management

 

 

Bankers :
  • Reserve Bank of India

 

 

Facilities :

BORROWINGS

 

Rs. In Millions

31.03.2012

Rs. In Millions

31.03.2011

Borrowings In India From

 

 

Reserve Bank of India

0.000

0.000

Other Banks

0.000

0.000

Other Institutional and Agencies

0.000

0.000

Borrowings Outside India

5947.294

0.000

 

 

 

TOTAL

5947.294

0.000

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Haribhakti and Company

Chartered Accountant

Address :

42, Free Press House, 215, Nariman Point, Mumbai-400021, Maharashtra, India

Tel. No.:

91-22-61326999

Fax No.:

91-22-22856237

Website :

www.bdoindia.co.in

 

 

Head Office and Branches :
  • Australia and New Zealand Banking Group Limited, Australia
  • Australia and New Zealand Banking Group Limited, Singapore
  • Australia and New Zealand Banking Group Limited, New York
  • Australia and New Zealand Banking Group Limited, Japan
  • Australia and New Zealand Banking Group Limited, London
  • ANZ Bank (Vietnam) Limited

 

 

Other Group Entities :
  • Australia and New Zealand Banking Group Limited, Cambodia
  • Australia and New Zealand Banking Group Limited, China
  • Australia and New Zealand Banking Group Limited, Shanghai
  • Australia and New Zealand Bank (China) Company Limited
  • ANZ Capital Private Limited
  • ANZ Support Services India Private Limited
  • ANZ Operations and Technology Private Limited
  • PT Bank Pan Indonesia, TBK
  • ANZ Panin Bank

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2012

 

CAPITAL

 

Particulars

31.03.2012

(Rs. In Millions)

Amount of deposits kept with Reserve Bank of India under Section 11 (2) (b) of the Banking Regulation Act. 1949

2.000

 

 

HEAD OFFICE ACCOUNT

 

Particulars

31.03.2012

(Rs. In Millions)

Capital Remitted by Head Office

5854.184

TOTAL

5854.184

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET (MUMBAI BRANCH)

 

SOURCES OF FUNDS

 

 

31.03.2012

31.03.2011

CAPITAL AND LIABILITIES 

 

 

 

Capital

 

5854.184

5854.184

Reserves and Surplus

 

2.237

0.000

Deposits

 

17349.574

0.000

Borrowings

 

5947.294

0.000

Other Liabilities  and Provisions

 

2112.188

125.033

Total Capital and Liabilities 

 

31265.477

5979.217

 

 

 

 

ASSETS

 

 

 

Cash and Balances With Reserve Bank of India

 

1399.819

0.100

Balances with Banks and Money at Call and Short Notice

 

9303.893

5543.126

Investments

 

4519.748

0.000

Advances

 

13187.239

0.000

Fixed Assets

 

399.365

116.545

Other Assets

 

2455.413

319.446

Total Assets

 

31265.477

5979.217

Contingent Liabilities

 

147695.684

0.000

Bills for Collection

 

11.319

0.000

 

 

PROFIT & LOSS ACCOUNT (MUMBAI BRANCH)

 

 

PARTICULARS

 

31.03.2012

31.03.2011

 

 

SALES

 

 

 

 

 

Interest Earned

 

943.864

21.888

 

 

Other Income

 

704.790

0.000

 

 

TOTAL                                    

 

1648.654

21.888

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Operating Expenses

 

1105.894

141.201

 

 

Provisions and Contingencies

 

128.460

9.244

 

 

TOTAL                                    

 

1234.354

150.445

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

414.300

(128.557)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

 

405.353

0.000

 

 

 

 

 

 

NET PROFIT

 

8.947

(128.557)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

 

(128.557)

0.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to Statutory Reserve

 

2.237

0.000

 

BALANCE CARRIED TO THE B/S

 

(121.847)

(128.557)

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last two years

Yes

12]

Profitability for last two years

Yes

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

-----

26]

Buyer visit details

-----

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

No

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

SUNDRY CREDITORS DETAILS

(Rs. In Millions)

Particulars

 

 

31.03.2012

31.03.2011

Sundry Creditors

 

 

 

Bills Payable

 

4.556

0.000

TOTAL

 

4.556

0.000

 

 

BACKGROUND

 

The accompanying financial statements or the year ended 31st March 2012 comprise of the accounts of the Mumbai Branch of Australia and New Zealand Banking Group Limited which is incorporated in Australia with limited liability. The Bank as only one branch in India as on 31st March 2012

 

 

FIXED ASSETS

 

  • Furniture and Fixtures
  • Office Equipments
  • Computers
  • Leasehold Improvements
  • Plant and Machinery

 

 

WEBSITE DETAILS

 

NEWS

 

AUSTRALIA AND NEW ZEALAND BANKING GROUP RECEIVES BUY RATING FROM BBY LIMITED (ANZ)

Australia and New Zealand Banking Group (ASX: ANZ)'s stock had its "buy" rating reaffirmed by BBY Limited in a research note issued on Wednesday. They currently have a $30.73 (30 AUD) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase reiterated a "neutral" rating on shares of Australia and New Zealand Banking Group in a research note to investors on Friday, March 8th. They now have a $28.04 price target on the stock. Separately, analysts at Nomura reiterated a "neutral" rating on shares of Australia and New Zealand Banking Group in a research note to investors on Wednesday, February 27th. They now have a $27.32 price target on the stock. Finally, analysts at Goldman Sachs reiterated a "neutral" rating on shares of Australia and New Zealand Banking Group in a research note to investors on Friday, February 15th. They now have a $27.08 price target on the stock.

Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Australia and New Zealand Banking Group has a consensus rating of "Buy" and a consensus price target of $28.70 (28 AUD).

Shares of Australia and New Zealand Banking Group (ASX: ANZ) traded up 0.49% during mid-day trading on Wednesday, hitting A$28.580. Australia and New Zealand Banking Group has a one year low of A$20.260 and a one year high of A$29.450. The stock's 50-day moving average is currently A$27.77. The company has a market cap of A$76.840 billion and a P/E ratio of 13.83.

Australia and New Zealand Banking Group Limited (ASX: ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients

 

CFTC ORDERS AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. TO PAY $350,000 PENALTY FOR VIOLATING WHEAT AND COTTON FUTURES SPECULATIVE POSITION LIMITS

 

September 27, 2012

 

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Australia and New Zealand Banking Group Limited (ANZ), an Australia-based financial services company, for exceeding speculative position limits in wheat and cotton futures contracts in trading on the Chicago Board of Trade and the Intercontinental Exchange U.S. (ICE Futures US). The CFTC order requires ANZ to pay a $350,000 civil monetary penalty and cease and desist from further violations of the position limits provisions of the Commodity Exchange Act and CFTC regulations.

 

The CFTC order, filed on September 26, 2012, finds that on multiple occasions in August 2010, ANZ held net positions that exceeded the all-months speculative position limit of 6,500 contracts for wheat futures traded on the Chicago Board of Trade. The CFTC order also finds that on one day in February 2011, ANZ held a net short position in excess of the 5,000 contracts all-months speculative position limit for Cotton No. 2 futures traded on ICE Futures US.

 

CFTC Division of Enforcement staff members responsible for this case are Lara Turcik, Manal M. Sultan, Lenel Hickson, Jr., Stephen J. Obie, and Vincent A. McGonagle.

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 53.95

UK Pound

1

Rs. 83.80

Euro

1

Rs. 70.49

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Report Prepared by :

DPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

48

 

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%)

 

 

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

-

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.