|
Report Date : |
30.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOSHIBA TEC AUSTRALIA PTY. LTD. |
|
|
|
|
Registered Office : |
'Building C', |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
07.02.1985 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Import and distribution of electronic business equipments such as point of sale (POS) systems, POS peripherals, cash registers, barcode
systems, radio-frequency identification (RFID) systems and software
information systems. |
|
|
|
|
No. of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operatio n is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 |
|
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, 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
BUSINESS DETAILNTIFICATION DETAILS
Verified Address
Subject name : TOSHIBA TEC AUSTRALIA PTY. LTD.
Business address : 'Building C', 12-24 Talavera Road
Town : North Ryde
Province : New South Wales
Zip/postal code : 2113
Country : Australia
Tel : +61 2 99001300
Fax : +61 2 99001390
Email : sales@toshibatec.com.au
Website : www.toshibatec.com.au
Registered address : 'Building
C',
Town :
Province :
Zip/postal code : 2113
Country :
Postal address :
Town :
Province :
Zip/postal code : 1670
Country :
Executive Summary
Date founded or registered : 07/02/1985
Legal form : Australian Proprietary Company
Chief executive : Peter Edward Wells Parry
Issued & paid up capital : AUD 2,000,000
Sales turnover : AUD 7,060,586 (Non-Consolidated 12 months, 31/03/2013)
Net income : AUD 74,153 (Non-Consolidated 12 months, 31/03/2013)
Total fixed assets : AUD 3,218,384 (Non-Consolidated 12 months, 31/03/2013)
Line of business : Import and distribution of electronic business equipments such as point of sale
(POS) systems, POS peripherals, cash registers, barcode systems, radio-frequency identification (RFID) systems and software information systems.
Staff employed : 17 employees (Subject); 20,517 employees (Toshiba Tec Group)
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Credit amount asked : Not described.
Comments : Larger credit can still be granted if guaranteed by Parent Company.
Registry Data
Registration date : 07/02/1985
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 002890673
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 93002890673
Registry status : Live/Active
Previous name : TOSHIBA TEC AUSTRALIA PTY LIMITED
TEC AUSTRALIA PTY. LTD.
TEC RETAIL SYSTEMS & OFFICE PRODUCTS PTY LTD
EDENGREEN PTY LTD (initial)
Change of legal form : None reported.
Key Management
Name : Peter Edward Wells Parry
Designation : Managing Director
Appointments
Name : Peter Edward Wells Parry
Designation : Director
Appointment date : 17/10/11
Address : 3 St Annes Close
Belrose, NSW 2085
Australia
Biography : Born on 21-07-1949 in Chatswood, New South Wales, Australia.
Name : Junichi Kawasaki
Designation : Director
Appointment date : 17/10/11
Address : 2-11-6, Kurigidai, Asao-ku
Kawasaki-shi, Kanagawa 215-0032
Japan
Biography : Born on 26-05-1957 in Fuji City, Shizuoka, Japan.
Name : Noboru Sawada
Designation : Director
Appointment date : 01/01/12
Address : 512 Miyazawa-Cho
Akishima-Shi, Tokyo 196-0024
Japan
Biography : Born on 24-07-1961 in Itabashi, Japan.
Name : Anthony Kenneth Brooks
Designation : Company Secretary
Appointment date : 03/08/94
Address : 5 Adina Road
Curl Curl, NSW 2096
Australia
Biography : Born on 01-10-1958 in Sydney, New South Wales, Australia.
Staff employed : 17 employees (Subject); 20,517 employees (Toshiba Tec Group)
Key Advisors
Auditors : ERNST & YOUNG
Level 45, 680 George Street
Sydney, NSW 2000
Australia
Composition
Authorized Capital : AUD 2,000,000
No of shares : 2,000,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2,000,000
Paid up capital : AUD 2,000,000
How listed : Full List
Composition
Shareholder name : TOSHIBA TEC CORPORATION
Address : Gate City Ohsaki West Tower
1-11-1, Osaki
Shinagawa-ku, Tokyo 141-0032
Japan
No. of shares : 2,000,000 Ordinary Shares
% of shares : 100%
Structure
Name : TOSHIBA CORPORATION
Affiliation type : Ultimate Holding Company
Address : 1-1 Shibaura 1-chome
Minato-ku
Tokyo, 105-8001
Japan
Comments : Toshiba Corporation, together with its subsidiaries, is engaged in the research
and development, manufacture, and sale of electronic and energy products
worldwide. The company operates through five segments: Digital Products,
Electronic Devices, Social Infrastructure, Home Appliances, and Others. The
Digital Products segment offers personal computers, POS systems, multi-function
peripherals, visual products, LCD TVs, Blu-ray recorders, tablets, and other
products. The Electronic Devices segment provides semiconductors, hard disk
drives, etc. The Social Infrastructure segment offers energy-related equipment,
medical equipment, IT solutions, elevators, etc. The Home Appliances segment
provides refrigerators, washing drying machines, light fixtures, air-conditioners,
etc. The Others segment offers logistics services, etc. Toshiba Corporation was
founded in 1875 and is headquartered in Tokyo, Japan.
Name : TOSHIBA TEC CORPORATION
Affiliation type : Parent Company
Address : Gate City Ohsaki West Tower
1-11-1, Osaki
Shinagawa-ku, Tokyo 141-0032
Japan
Comments : Toshiba Tec Corporation, together with its subsidiaries, engages in the retail
solutions, office solutions, supply chain solutions, and inkjet head businesses in
Japan and internationally. The company offers electronic cash registers, POS
systems and peripheral devices, and double-sided thermal printers for retail
sector; copiers, facsimile machines, other office automation devices, and
multifunction peripherals for the office automation sector; and auto-ID systems,
RFID tags, dot-impact printers, thermal printers, counter terminals, and printers
and related equipment for the supply chain sector, as well as provides kiosk and
signage solutions. It has operations in Japan, the United States, Canada, Mexico,
Puerto Rico, Panama, Venezuela, Brazil, Chile, the United Kingdom, France,
Germany, Belgium, Spain, the Netherlands, Sweden, Norway, Denmark, Finland,
Switzerland, Poland, Singapore, Malaysia, Indonesia, China, Australia, and
Korea. The company was founded in 1950 and is headquartered in Tokyo, Japan.
Toshiba Tec Corporation is a subsidiary of Toshiba Corporation.
Name : TOSHIBA AMERICA BUSINESS SOLUTIONS, INC.
Affiliation type : Sister Company
Address : 9740 Irvine Blvd.
Irvine, California 92618
United States
Name : TOSHIBA TEC INFORMATION SYSTEMS (SHENZHEN) CO.,LTD.
Affiliation type : Sister Company
Address : Area 16, Dayang Development Zone
Fuyong, Baoan District
Shenzhen 518103
China
Name : TOSHIBA TEC SINGAPORE PTE LTD
Affiliation type : Sister Company
Address : 2 Ang Mo Kio Street 62
Singapore 569138
Singapore
Name : TIM ELECTRONICS SDN. BHD.
Affiliation type : Sister Company
Address : Plot 111-A, Hala Kampung Jawa 2
Bayan Lepas Industrial Estate
11900 Penang
Malaysia
Name : P.T. TEC INDONESIA
Affiliation type : Sister Company
Address : Lot 108-110 Batamindo Industrial Park
Muka Kuning, Batam
Indonesia
Name : TOSHIBA TEC U.K. IMAGING SYSTEMS LIMITED
Affiliation type : Sister Company
Address : Abbey Cloisters, Abbey Green
Chertsey, Surrey, KT16 8RB
The United Kingdom
Name : TOSHIBA TEC (H.K.) LOGISTICS & PROCUREMENT LIMITED
Affiliation type : Sister Company
Address : Unit No. 2305-2307, 23/F, The Metropolis Tower
No.10, Metropolis Drive, Hung Hom, Kowloon
Hong Kong
Name : TOSHIBA TEC AMERICA RETAIL INFORMATION SYSTEMS, INC.
Affiliation type : Sister Company
Address : 2 Musick
Irvine, California 92618
United States
Related companies and
corporate
affiliations comments
: Other companies of the Toshiba Tec Corporation and Toshiba Corporation 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 : 31/03/13
Type of accounts : Full audited
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 1.04
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 : 31/03/13 31/03/12 31/03/13
Length of accounts : 12 months 12 months 12 months
Sale turnover / Income : 7,060,586 6,724,172 403,693,000,000
Gross profit : 3,230,361 2,572,160 179,331,000,000
Profit before tax : 74,153 -369,891 12,880,000,000
Net income : 74,153 -369,891 6,212,000,000
Non current assets : 78,267 123,588 158,149,000,000
Current assets : 3,140,117 3,702,662 230,171,000,000
Inventories : 1,054,831 1,454,940
Total assets : 3,218,384 3,826,250 388,512,000,000
Current liabilities : 1,645,472 2,436,777 162,553,000,000
Non current liabilities : 109,286 0 49,400,000,000
Total liabilities : 1,754,758 2,436,777 211,954,000,000
Share equity : 1,463,626 1,389,473 176,558,000,000
Retained earning : -536,374 -610,527 60,483,000,000
Comments : The non-consolidated financial information above relates to the Subject only.
The group’s consolidated financial information above relates to the Subject’s
Parent Company Toshiba Tec Corporation and all its subsidiaries which include
the Subject.
Main activities : The Subject engages in import and distribution of electronic business
equipments such as point of sale (POS) systems, POS peripherals, cash
registers, barcode systems, radio-frequency identification (RFID) systems
and software information systems mainly in Australia.
The Subject operates as a wholly owned subsidiary of Toshiba Tec
Corporation.
Toshiba Tec Corporation is a Japan-based company mainly engaged in the
development, manufacture, sale and maintenance of office equipment and
electrical machinery. The Company operates in two business segments.
The System Solution segment is involved in the development,
manufacture, sale and maintenance of point-of-sale (POS) systems,
combined machines, automatic ID system, such as barcode systems and
radio-frequency identification (RFID) systems, and related products in
Japan.
The Global Solution segment is involved in the development, manufacture,
sale and maintenance of POS systems, combined machines, automatic ID
system, and inkjet heads and related products in overseas markets.
The Company distributes its products mainly under the brand TOSHIBA.
Product & services : Electronic Point of Sale (POS) systems
POS peripherals: Cash Drawers, Receipt Printers & Accessories, Pole
Mounting, Scanners etc
Barcode printers
Radio-frequency identification (RFID) systems
Electronic cash registers
Installation, support and maintenance services
Brand : TOSHIBA
PROTECH
Purchases
International : Japan, Singapore, Taiwan
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from the verified heading address consisting of a
warehouse and an administrative office.
Branches : In addition, the Subject operates from the following locations:
Melbourne, Branch Office
411 Ferntree Gully Road
Mount Waverly, VIC 3149
Australia
Tel: +61 3 85417980
Service Centre and Logistic Warehouse
Unit 4, 7 St. James Place
Seven Hills, NSW 2147
Australia
Tel: +61 2 88111100
Gross Domestic Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : U S$ 46.714 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 : 2010: 2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate : 2010: 5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross debt as
a % GDP) : 2010: 20.4%
2011: 22.9%
2012: 24%
Government bond ratings : Standard & Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded
Shares : US$1.198 trillion
Largest companies in the country : Qantas Airways (Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal Services),Crown Ltd (Casinos & Gaming),
Amcor (Containers & Packaging),Suncorp-Metway (Diversified Insurance),
BHP Billiton (Diversified Metals & Mining),Newcrest Mining (Diversified
Metals & Mining), Orica (Diversified Metals & Mining), Iluka
Resources(Diversified Metals & Mining), Origin Energy (Electric Utilities),
AGL Energy (Electric Utilities), Wesfarmers (Food Retail), Woolworths
(Food Retail), Metcash (Food Retail), Macquarie Group (Investment
services), AMP (Investment services), Challenger Ltd (Investment
services), Fortescue Metals Group (Iron & Steel), Bluescope Steel (Iron &
Steel), Commonwealth Bank (Major Banks), Westpac Banking Group
(Major Banks), National Australia Bank (Major Banks), ANZ (Major Banks),
Woodside Petroleum (Oil & Gas Operations), Santos (Oil & Gas
Operations), Caltex Australia (Oil & Gas Operations), WorleyParsons (Oil
Services & Equipment), Toll Holdings (Other Transportation), Transurban
Group (Other Transportation), QBE Insurance Group (Property & Casualty
Insurance), Insurance Australia Group (Property & Casualty Insurance),
QR National (Railroads), Westfield Group (Real Estate), Stockland
Australia (Real Estate), Westfield Retail Trust (Real Estate), Lend Lease
(Real Estate), CFS Retail Property Trust (Real Estate), Goodman Group
(Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank of
Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals),
Telstra (Telecommunications Services)
Trade &
Competitiveness Overview
Total exports : US$263.9 billion
Exports commodities : Coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Total imports : US$239.7 billion
Imports commodities : Machinery and transport equipment, computers and office machines,
Telecommunication equipment and parts; crude oil and petroleumproducts
Export - major partners : China 27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Import - major partners : China 18.5%, US 11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009: US$26,554 million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows : 2009: US$16,693 million
2010: US$12,791 million
2011: US$19,999 million
Best countries for doing business : 10 out of 185 countries
Global competitiveness ranking : 20 (ranking by country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 22.68 million
Total area : 7,692,024 km2
Capital : Canberra
Currency : Australian dollars (AUD)
Internet users as % of total
Population : 79%
Purchase Term
International : Prepayment, Credit up to 90 days
Sales Term
Local : Prepayment, Credit up to 90 days
International : Prepayment, Credit up to 90 days
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.61.46 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.