|
Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Daiei Australia Pty LtD |
|
|
|
|
Registered Office : |
'Rialto Towers', Level 29, 525 Collins Street, Melbourne, Victoria 3000 |
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|
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Country : |
Australia |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
30.03.1971 |
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Com. Reg. No.: |
004873581 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject is engaged in import, export & distribution of paper
and plastic film products. |
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|
No. of Employees : |
13 Employees (Subject); 715 Employees (Kokusai Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
AUSTRALIA - ECONOMIC OVERVIEW
The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. 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 is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
Verified Address
Subject name : DAIEI
AUSTRALASIA PTY LTD
Business address : 1 Remington
Drive
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3175
Country : Australia
Tel : +61 3 87955200
Fax : +61
3 97998911
Email : melbourne@daieiaust.com.au
Website : www.daieiaust.com.au
Registered address : 'Rialto
Towers', Level 29
525 Collins Street
Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Postal address : P.O.
Box 4269
Town : Dandenong
South
Province : Victoria
Zip/postal code : 3164
Country : Australia
Executive Summary
Date founded or registered : 30/03/1971
Legal form : Australian
Proprietary Company
Chief executive : Takahiko
Kodera
Issued & paid up capital : AUD
5,000,000.13
Sales turnover : AUD
48,327,954 (Non-Consolidated 12 months, 31/12/2012)
Net income : AUD
570,145 (Non-Consolidated 12 months, 31/12/2012)
Total fixed assets : AUD
17,635,413 (Non-Consolidated 12 months, 31/12/2012)
Line of business : Import,
export & distribution of paper and plastic film products.
Staff employed : 13
employees (Subject); 715 employees (Kokusai Group)
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is adequately experienced
Financial performance : Financial
performance is good
Organization structure : Organizational
structure is consistent
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 : 30/03/1971
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 004873581
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 98004873581
Registry status : Live/Active
Previous name : DAIEI
PAPERS (AUSTRALIA) PTY LTD
DAIDO
(AUSTRALASIA) PTY. LIMITED (initial)
Change of legal form : None
reported.
Key Management
Name : Takahiko
Kodera
Designation : Managing
Director
Name : Jacqueline
Clair Rowley
Designation : Administration
Manager
Appointments
Name : Jacqueline
Clair Rowley
Designation : Director
Appointment date : 22/08/96
Address : 1
Stanhill Drive
Cranbourne South, VIC 3977
Australia
Biography : Born
on 20-10-1963 in London, United Kingdom.
Name : Takahiko
Kodera
Designation : Director
and Company Secretary
Appointment date : 04/03/11
Address : 4
Darling Street
South Yarra, VIC 3141
Australia
Biography : Born
on 07-07-1953 in Japan.
Name : Hidehiro
Adachi
Designation : Director
Appointment date : 09/03/12
Address : 5-8-1103
Mihama
Urayasu City, Chiba 279-0011
Japan
Biography : Born
on 01-11-1949 in Gifu Prefecture, Japan.
Staff employed : 13
employees (Subject); 715 employees (Kokusai Group)
Key Advisors
Auditors : GRANT
THORNTON AUDIT PTY LTD
'The Rialto', Level 30
525 Collins Street
Melbourne, VIC 3000
Australia
Composition
Authorized Capital : AUD
5,000,000.13
No of shares : 5,369,107
Ordinary Shares
Share par value : No par
value
Issued capital : AUD
5,000,000.13
Paid up capital : AUD
5,000,000.13
How listed : Full
List
Composition
Shareholder name : KOKUSAI
PULP & PAPER CO., LTD.
Address : 6-24
Akashi-cho
Chuo-ku, Tokyo 104-0044
Japan
No. of shares : 5,369,107
Ordinary Shares
% of shares : 100%
Structure
Name : KOKUSAI PULP & PAPER CO., LTD.
Affiliation type : Parent Company
Address : 6-24 Akashi-cho
Chuo-ku, Tokyo 104-0044
Japan
Comments : Kokusai Pulp & Paper Company Limited
engages in the import and export of paper and pulp. The company was founded on
December 1, 1924 and is based in Tokyo, Japan.
Name : KOKUSAI PULP
& PAPER (CHINA) CO., LTD.
Affiliation type : Sister Company
Address : Room 2801, New
Town Center
83 LouShanGuan
Road
Shanghai 200336
China
Name : DAIEI PAPERS
(USA) CORP.?
Affiliation type : Sister Company
Address : 5701 Cleveland
Street, Suite 650
Virginia Beach, VA 23462
United States
Name : DAIEI PAPERS
(S) PTE. LTD.
Affiliation type : Sister Company
Address : #14-02 Pil
Building
140 Cecil Street
Singapore 069540
Singapore
Name : DAIEI PAPERS
(THAILAND) CO., LTD.
Affiliation type : Sister Company
Address : 152 Chartered
Square Building
12th Floor, Unit 12-02
North Sathon Road
Silom, Bangrak
Bangkok 10500
Thailand
Name : DAIEI PAPERS
BRASIL LTDA.
Affiliation type : Sister
Company
Address : Rua Luisiana,
No.274
Sao Paulo, SP 04560-020
Brazil
Name : DAIEI PAPERS
(INDIA) PVT. LTD.
Affiliation type : Sister Company
Address : 2nd Floor, #5/4,
B.P.Wadia Road
Basavanagudi, Bangalore 560004
India
Name : KEISHIN PAPERS
TRADE (SHANGHAI) CO., LTD.
Affiliation type : Sister Company
Address : Room 2803, New
Town Center
83 LoShanGuan Road
Shanghai 200336
China
Name : DAIEI PAPERS
(M) SDN. BHD.
Affiliation type : Sister Company
Address : 10th Floor,
Bangunan Yee Seng
15 Jalan Raja Chulan
50200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : DAIEI PAPERS
(H.K.) LTD.
Affiliation type : Sister Company
Address : 25th Floor,
Catic Plaza
8-14 Causeway Road, Causeway Bay
Hong Kong
Related companies and corporate : Other companies of the Kokusai Group
should be considered affiliates of the affiliations comments Subject.
Bank Details
Name of bank : Mizuho
Corporate Bank, Ltd
Address : Australia
Account details : Current
Account
Name of bank : The
Bank of Tokyo-Mitsubishi UFJ, Ltd
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 : 31/12/12
Type of accounts : Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.97 as of 02-05-2013
Summarized
Financial Information
Consolidation type : Non
Consolidated Non Consolidated Group Consolidated
Currency : Australia
Dollar (AUD) Australia Dollar (AUD) Japan, Yen (JPY)
Denomination : (x1)
One (x1) One (x1) One
Date of financial year end : 31/12/12
31/12/11 31/03/12
Length of accounts : 12
months 12 months 12 months
Sale turnover / Income : 48,327,954
50,581,798 286,425,000,000
Gross profit : 16,567,000,000
Profit before tax : 775,472
908,005 1,013,000,000
Net income : 570,145
636,437 1,212,000,000
Non current assets : 151,065
963,519 47,171,000,000
Current assets : 17,484,348
17,690,411 115,794,000,000
Inventories : 1,455,330
4,008,679 12,737,000,000
Total assets : 17,635,413
18,653,930 162,966,000,000
Current liabilities : 11,103,817
12,698,288 114,182,000,000
Non current liabilities : 26,670
20,861 18,273,000,000
Total liabilities : 11,130,487
12,719,149 132,455,000,000
Share equity :
6,504,926 5,934,781 30,510,000,000
Retained earning : -306,106
-954,699
Comments : The
non-consolidated financial information above relates to the Subject only.
The group’s
consolidated financial information above relates to the Subject’s
Parent Company
Kokusai Pulp & Paper Co., Ltd. and all its subsidiaries which
include the Subject.
Main activities : The
Subject is engaged in import, export & distribution of paper and plastic
film products.
The Subject operates as wholly owned
subsidiary of Kokusai Pulp & Paper
Company Limited engages in the import and
export of paper and pulp. The
company was founded on December 1, 1924 and
is based in Tokyo, Japan.
Product & services : Paper
& paperboard
Paper products
Plastic film products
Specialty paper
Purchases
International : Indonesia,
India, Japan, Brazil, South Korea, Spain, Italy, Germany,
Thailand
Sales
Local : Yes
International : Oceania
Property &
Assets
Premises : The
Subject operates from premises at the verified heading address
consisting of a
warehouse and administrative office.
Branches : In
addition, the Subject operates from branch office located at:
26 Giles Avenue
Padbury, WA 6025
Australia
Tel:+61 8 94025656
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 2009:
16.9%
a % GDP) 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 :
US$1.258 trillion
shares
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 76%
Population :
Purchase Term
International : L/C,
Telegraphic transfer, D/P, D/A, Credit up to 120 days
Sales Term
Local : Prepayment,
Bank transfer, D/P, D/A, Credit up to 120 days
International : L/C,
Telegraphic transfer, D/P, D/A, 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.54.28 |
|
|
1 |
Rs.84.32 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.