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Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
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Name : |
MINERAL TECHNOLOGIES PTY LTD |
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Formerly Known As : |
ROCHE MINING (MT) PTY LIMITED |
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Registered Office : |
Triniti 111, Triniti Business Campus, Level 2, 39 Delhi Road, North Ryde, New South Wales, 2113 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
27.06.2003 |
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Com. Reg. No.: |
105309260 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing and distribution of mineral processing equipments. |
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No. of Employees : |
298 |
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 |
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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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
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 |
Verified Address
Subject name : MINERAL
TECHNOLOGIES PTY LTD
Business address : 11 Elysium Road
Town : Carrara
Province : Queensland
Zip/postal code : 4211
Country : Australia
Tel : +61
7 55691300
Fax : +61
7 55253810
Email : info@mineraltechnologies.com
Website : www.mineraltechnologies.com
Registered address : Triniti
111
Triniti Business Campus
Level 2, 39 Delhi Road
Town : North
Ryde
Province : New
South Wales
Zip/postal code : 2113
Country : Australia
Executive Summary
Date founded or registered : 27/06/2003
Legal form : Australian
Proprietary Company
Chief executive : Andrew
Foster
Issued & paid up capital : AUD
2
Sales turnover : AUD
68,902,000 (Non-Consolidated 12 months, 30/06/2013)
Net income : AUD
6,881,000 (Non-Consolidated 12 months, 30/06/2013)
Total fixed assets : AUD
75,789,000 (Non-Consolidated 12 months, 30/06/2013)
Line of business : Manufacturing
and distribution of mineral processing equipments.
Staff employed : 298
employees (Subject); 20,000 employees (Downer Edi Group)
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is steady
Management experience : Management
is reasonably experienced
Financial performance : Financial
performance is good
Organization structure : Organizational
structure is stable
Detrimental : No
detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 27/06/2003
Legal form : Australian
Proprietary Company
Registration no Australian
Company Number: 105309260
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 52105309260
Registry status : Live/Active
Previous name : CPG
RESOURCES - MINERAL TECHNOLOGIES PTY LTD DOWNER EDI
MINING-MINERAL TECHNOLOGIES PTY LTD
ROCHE MINERAL TECHNOLOGIES PTY LTD
ROCHE MINING (MT) PTY LIMITED (initial)
Change of legal form : None
reported.
Key Management
Name : Andrew
Foster
Designation : Managing
Director
Appointments
Name : Peter
John Tompkins
Designation : Director
Appointment date : 18/08/11
Address : 58
Ritchard Avenue
Coogee, NSW 2034
Australia
Biography : Born
on 27-12-1978 in Melbourne, Victoria, Australia.
Name : Andrew
Arthur William Titter
Designation : Director
Appointment date : 01/09/11
Address : 178
Trig Road
Whitford, Auckland
New Zealand
Biography : Born
on 08-02-1962 in Wellington, New Zealand.
Name : Jeffrey
Dale Fraser
Designation : Director
Appointment date : 23/05/12
Address : 2
Robey Road
Coal Point, NSW 2283
Australia
Biography : Born
on 28-10-1958 in Newcastle, New South Wales, Australia.
Name : David
Andrew Cattell
Designation : Director
Appointment date : 01/09/11
Address : 337
Padbury Avenue
Millendon, WA 6056
Australia
Biography : Born
on 24-06-1963 in England, United Kingdom.
Name : Kevin
John Fletcher
Designation : Director
Appointment date : 27/10/10
Address : 5
Seaview Street
Clovelly, NSW 2031
Australia
Biography : Born
on 20-11-1961 in Norwich Norfolk, United Kingdom.
Name : Peter
Lyons
Designation : Company
Secretary
Appointment date :
01/06/11
Address :
8 Silky Oak Grove
Elderslie, NSW 2570
Australia
Biography : Born
on 05-10-1973 in Sydney, New South Wales, Australia.
Name : Kate
Leanne Williams
Designation : Company
Secretary
Appointment date : 26/11/13
Address : Unit
3, 18 Elm Street
Hawthorn, VIC 3122
Australia
Biography : Born
on 20-03-1984 in Gladstone, Queensland, Australia.
Staff employed :
298 employees (Subject); 20,000 employees (Downer Edi Group)
Key Advisors
Auditors : DELOITTE
TOUCHE TOHMATSU
Riverside Centre
Level 25, 123 Eagle Street
Brisbane, QLD 4000
Australia
Composition
Authorized Capital : AUD
2
No of shares :
2 Ordinary Shares
Share par value : AUD
1
Issued capital : AUD
2
Paid up capital : AUD
2
How listed : Full
List
Composition
Shareholder name : DOWNER
EDI RAIL PTY LTD
Address : Triniti
Business Campus
Level 2, 39 Delhi Road
North Ryde, NSW 2113
Australia
No. of shares : 2
Ordinary Shares
% of shares : 100%
Structure
Name : DOWNER
EDI LIMITED
Affiliation type : Ultimate
Holding Company
Address : Triniti
Business Campus
Level 2, 39 Delhi Road
North Ryde, NSW 2113
Australia
Comments : Downer EDI Limited,
together with its subsidiaries, provides engineering, construction, and asset
management services primarily to minerals and metals, oil and gas, power,
transport, telecommunications, water, and property sectors. It provides a suite
of engineering, construction, and project management services; contract mining
services, including open-cut and underground operations, whole-of-lifecycle
mine planning, tire management, explosives and exploration, drilling, blasting,
and dust suppression services and technology; and design, build, fit-out, and
maintenance services for passenger rolling stock and freight rolling stock,
including locomotives and rail wagons. The company also imports and commissions
completed locomotives units for use in the resources sector. In addition, it
offers essential services for the construction, development, management, and
maintenance of road and rail assets in the public and private sectors; utility
services, such as ground works for power, open space and facilities management
services, infrastructure management services, and construction and maintenance
services for water supply and wastewater treatment. Further, the company
provides consulting, project management, and other engineering services. It
serves customers primarily in Australia, Papua New Guinea, Fiji, the United
Kingdom, Canada, India, South Africa, Botswana, Chile, and Brazil. Downer EDI
Limited is headquartered in North Ryde, Australia.
Name : DOWNER
EDI RAIL PTY LTD
Affiliation type : Parent
Company
Address : Triniti
Business Campus
Level 2, 39 Delhi Road
North Ryde, NSW 2113
Australia
Name : MINERAL
TECHNOLOGIES, INC
Affiliation type : Sister
Company
Address : United
States of America
Name : MD
MINERAL TECHNOLOGIES PRIVATE LIMITED
Affiliation type : Sister
Company
Address : Alliance
Junction, Tripuinithura
Kochi - 682301,
Kerala
India
Name : MD
MINERAL TECHNOLOGIES SA (PTY) LTD.
Affiliation type : Sister
Company
Address :
47 Bezuidenhout Street
Wadeville
South Africa
Related companies and : Other
companies of the Downer Edi Limited should be considered affiliated corporate
affiliations comments companies of the
Subject.
Bank Details
Name of bank : The
Australia and New Zealand Banking Group 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 : 30/06/13
Type of accounts : Full
unaudited
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 1.07 as of 09-04-2014
Summarized
Financial Information
|
Consolidation
type |
: Non Consolidated |
Non Consolidated |
Group Consolidated |
|
Currency |
: Australia Dollar (AUD) |
Australia
Dollar (AUD) |
Australia
Dollar (AUD) |
|
Denomination |
: (x1) One |
(x1) One |
(x1) One |
|
Date of financial year end |
: 30/06/13 |
30/06/12 |
30/06/13 |
|
Length of accounts |
: 12 months |
12 months |
12 months |
|
Sale turnover / Income |
: 68,902,000 |
92,914,000 |
8,375,014,000 |
|
Profit before tax |
: 9,494,000 |
24,234,000 |
291,689,000 |
|
Net income |
: 6,881,000 |
17,298,000 |
203,986,000 |
|
Non current assets |
: 58,581,000 |
63,805,000 |
1,810,432,000 |
|
Current assets |
: 17,208,000 |
18,175,000 |
2,361,590,000 |
|
Inventories |
: 2,443,000 |
4,951,000 |
349,880,000 |
|
Total assets |
: 75,789,000 |
81,980,000 |
4,172,022,000 |
|
Current liabilities |
:
15,385,000 |
16,926,000 |
1,822,370,000 |
|
Non current liabilities |
48,014,000 |
25,363,000 |
523,078,000 |
|
Total liabilities |
63,399,000 |
42,289,000 |
2,345,448,000 |
|
Share equity |
12,390,000 |
39,691,000 |
1,826,574,000 |
|
Retained earning |
12,619,000 |
39,322,000 |
395,123,000 |
Comments : The
non-consolidated financial information above relates to the Subject only.
The group consolidated financial information
above relates to the Subject's Ultimate Holding Company Downer Edi Limited and
all its subsidiaries which includes the Subject.
Main activities : The Subject engages in
manufacturing and distribution of mineral processing equipments.
The Subject is
ultimately owned by Downer EDI Limited.
Downer EDI Limited, together with its
subsidiaries, provides engineering, construction, and asset management services
primarily to minerals and metals, oil and gas, power, transport,
telecommunications, water, and property sectors. It provides a suite of engineering,
construction, and project management services; contract mining services,
including open-cut and underground operations, whole-of-lifecycle mine
planning, tire management, explosives and exploration, drilling, blasting, and
dust suppression services and technology; and design, build, fit-out, and
maintenance services for passenger rolling stock and freight rolling stock,
including locomotives and rail wagons. The company also imports and commissions
completed locomotives units for use in the resources sector. In addition, it
offers essential services for the construction, development, management, and
maintenance of road and rail assets in the public and private sectors; utility
services, such as ground works for power, open space and facilities management
services, infrastructure management services, and construction and maintenance
services for water supply and wastewater treatment. Further, the company
provides consulting, project management, and other engineering services. It
serves customers primarily in Australia, Papua New Guinea, Fiji, the United
Kingdom, Canada, India, South Africa, Botswana, Chile, and Brazil. Downer EDI
Limited is headquartered in North Ryde, Australia.
Product & services : Mineral
processing equipments
Mineral testing equipments
Shaking Tables
Magnetic Separation products
Gravity separation spirals
Slurry distribution and laundering systems
Electrostatic separators
Kelsey centrifugal jig
Plant design services
Process plant engineering services
Mineral characterisation & separation
testwork services
Purchases
International : India,
United States of America
Sales
Local :
Yes
International : Worldwide
Property &
Assets
Premises : The Subject operates
from the verified heading address consisting of an administrative office,
production facility and warehouse.
Branches : In addition, the
Subject operates from branches located at Western Australia and South
Australia.
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 2010:
20.4%
(General Government gross debt as 2011:
22.9%
a % GDP) 2012:
24%
Government bond ratings : Standard
& Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded: US$1.198
trillion
shares
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 petroleum products
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: 79%
population
Purchase Term
International : L/C,
Telegraphic transfer, D/P, Credit 30-120 days
Sales Term
Local : Prepayment,
Bank transfer, D/P, Credit 30-120 days
International : L/C,
Telegraphic transfer, D/P, Credit 30-120 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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NNA |
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.