|
Report No. : |
354119 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TJM PRODUCTS PTY LTD |
|
|
|
|
Registered Office : |
150 Robinson Rd E Geebung Qld, 4034 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Date of Incorporation : |
13.03.1973 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
The subject operates in the manufacture an extensive range
of vehicle frontal protection systems (bull bars), side and rear protection
bars, sports bars, roof racks, side steps, tyre carriers, and canopies. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2015 facing a range of growth constraints, principally driven by a sharp fall in global prices of key export commodities. Although demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports, sharp drops in current prices have already impacted growth.
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, although this trend could reverse or slow due to falling 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 entered into free trade agreements (FTAs) with the Republic of Korea and Japan, and concluded an FTA with China, in 2014, adding to existing FTAs with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the ten ASEAN countries and China, Japan, Korea, New Zealand and India. Australia is also working on the Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
TJM PRODUCTS PTY LTD
ACN: 009 887 325
ABN: 56 009 887 325
Summary
Panel
|
||
|
Established |
1973 |
|
|
Incorporated |
1973 |
|
|
Line of Business |
Manufacture of 4WD parts |
|
|
Status |
Trading |
|
Effective 2 March 2015 the subject was acquired by Aeroklas, a
subsidiary of Eastern Polymer Group Public Company in Thailand for a price of $22.2 million plus cash.
Investigations have revealed that for
the 8 Months ended 2 March 2015 the subject recorded a Loss of $365,000.
Further financial and trading details were not provided for the
current enquiry.
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 13 Mar 1973
Incorporation State QLD
Registered Office 150 ROBINSON RD E
GEEBUNG
QLD, 4034
Current Directors Total: 1
Director Name VITOORAPAKORN, SUPAWADEE
Appointment Date 02 Mar 2015
Date of Birth 28 May 1966
Place of Birth BANGKOK THAILAND
Gender FEMALE
Resident Overseas N
Address 3, 6 LINLITHGOW WAY,
GREENVALE VIC 3059
Document Number 029191736
Current Secretaries Total: 1
Secretary Name VITOORAPAKORN, SUPAWADEE
Appointment Date 02 Mar 2015
Date of Birth 28 May 1966
Place of Birth BANGKOK THAILAND
Address UNIT 3, 6 LINLITHGOW WAY
GREENVALE VIC, 3059
Document Number 029191736
Company Shares Total: 445320 Amount:
$445,320
Class A CLASS [ A ]
Number of Shares Issued 222660
Paid Capital $222,660.00
Total Amount Due and Payable $0.00
Document Number 0E0198279
Class B CLASS [ B ]
Number of Shares Issued 222660
Paid Capital $222,660.00
Total Amount Due and Payable $0.00
Document Number 0E0198279
Current Shareholders
Shareholder Name AEROKLAS AUSTRALIA
PTY.LTD.
ACN 149775628
ABN 66149775628
Address UNIT 6, 1414 TOORAK ROAD
CAMBERWELL VIC, 3124
Class A
Number Held 222660
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 029191736
Shareholder Name AEROKLAS AUSTRALIA
PTY.LTD.
ACN 149775628
ABN 66149775628
Address UNIT 6, 1414 TOORAK ROAD
CAMBERWELL VIC, 3124
Class B
Number Held 222660
Beneficially Held Y
Fully Paid Y
Jointly Held N
Document Number 029191736
Effective 30 January 2012 the Personal Property Securities
Register (PPSR) was introduced to give
the different Commonwealth, State and Territory laws and registers regarding
security interests in personal property under one national system.
As a result of PPS Reform a number of existing Commonwealth, State
and Territory personal property security registers will close. Interests registered
on existing security interest registers will be migrated to the national PPS
Register. Subsequently Registered Charges are no longer lodged with the
Australian Securities and Investments Commission (ASIC).
Please contact us should you require a search of the PPSR.
TRADING ADDRESS 150
Robinson Road
Geebung, QLD 4034
TELEPHONE (617)
3865 9999
FACSIMILE (617)
3865 3677
WEBSITE http://www.tjm.com.au/en-oceania
EMAIL phil.drury@tjm.com.au
CONTROLLED ENTITIES TJM
OFF-ROAD PRODUCTS INC. – USA
JM
SHENZHEN LTD - China
HOLDING ENTITY AEROKLAS
AUSTRALIA PTY LTD
ULTIMATE HOLDING
ENTITY EASTERN
POLYMER GROUP
PUBLIC COMPANY LIMITED
BANK NATIONAL
AUSTRALIA BANK
EMPLOYEES Not
determined
The subject was incorporated in Queensland on 13 March 1973,
before adopting the current style on 31 August 1977.
The subject was acquired by CMI Ltd in 1999.
Effective 2 March 2015 the subject was acquired by Aeroklas, a
subsidiary of Eastern Polyermer Group Public Company in Thailand.
The subject operates in the manufacture an extensive range of
vehicle frontal protection systems (bull bars), side and rear protection bars,
sports bars, roof racks, side steps, tyre carriers, and canopies. The accessory
range includes recovery equipment, winches, suspension, wheel arch flares,
snorkels, air operated differential locks and other lines built to
TJM design specifications. TJM Canopies, TJM XGS Suspension, TJM Pro
Locker, TJM OX Recovery Equipment and TJM Airtec Snorkels are among our range
of branded products.
The 4WD accessory range is distributed and serviced throughout an
Australia Wide Network of over 50 outlets, offering after sales back-up and
service. Internationally, the subject supply to over 40 countries, spanning
every continent.
Clients include Nissan, Mazda, Mitsubishi, GMH and Ford, as well
as State/Local Governments and commercial fleet operations.
A search of of on 9 December 2015 failed to trace any litigation
listed against the subject at that date.
The subject is not required to lodge financial statements with the
Australian Securities and Investments Commission.
During the current interview conducted with the subject’s
financial controller Phil Drury he requested that any queries pertaining to the
subject be conducted in writing. An email laws subsequently sent.
Upon responding, Mr Drury declined to release any details
pertaining to the subject for the current enquiry.
As a result current financial details were unable to be obtained
for the current enquiry.
Effective 2 March 2015 the subject was acquired by Aeroklas, a subsidiary
of Eastern Polymer Group Public Company in Thailand for
a price of $22.2 million plus cash.
Investigations have revealed that for
the 8 Months ended 2 March 2015 the subject recorded a Loss of $365,000.
Details pertaining to the subjects suppliers were not provided for
the current enquiry.
A trade survey on the subject was subsequently unable to be
conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
AUD |
1 |
Rs.s48.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.