MIRA INFORM REPORT
|
Report No. : |
333216 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
JEWEL OF INDIA ENTERPRISES PTY LIMITED |
|
|
|
|
Registered Office : |
683 Gardeners Road, Mascot, New South Wales, NSW 2020 |
|
|
|
|
Country : |
Australia |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
15.12.1997 |
|
|
|
|
Com. Reg. No.: |
081063774 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Subject is engaged in food processing and retail food sales. |
|
|
|
|
No. of Employees : |
150+ |
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 : |
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 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 |
IDENTIFICATION
|
|
|
|
Subject name: |
|
|
Address: |
|
|
Town: |
|
|
State/province: |
|
|
Zip/postal code: |
|
|
Country: |
|
|
Telephone: |
|
|
Fax: |
|
|
Email: |
|
|
Website: |
EXECUTIVE
SUMMARY
|
Legal form: |
|
|
Main activities: |
|
|
Employees: |
REGISTRY DATA
|
Key Facts |
|
|
Date registered: |
|
|
Legal form: |
|
|
Registration no: |
|
|
Registry auth.: |
|
|
Tax number: |
|
|
Registry status: |
LEGAL
FILINGS
|
|
|
|
Bankruptcy filings: |
|
|
Court judgements: |
|
|
Tax liens: |
|
|
Other: |
MANAGEMENT
& STAFF
|
|
|
|
|
|
|
Name: |
Kishore Matta |
|
Job
title: |
Chief Executive Officer |
|
|
|
|
Name: |
Jim Keatinge |
|
Job
title: |
General Manager |
|
|
|
|
Name: |
Anita O'Sullivan |
|
Job
title: |
Quality Control Manager |
|
|
|
|
|
|
|
No of employees |
BOARD
OF DIRECTORS/ OTHER APPOINTMENTS
|
|
|
|
Rose Bay, NSW
2029 Australia |
|
|
Birth Place: Bombay, India |
|
|
|
|
|
Name: |
Indrani Matta |
|
Board function: |
Director and Company Secretary |
|
Date appointed: |
15-12-1997 |
|
Address: |
639 New South Head Road Rose Bay, NSW 2029 Australia |
|
Biography: |
Born: 13/03/1963 Birth Place: Patiala, India |
SHARE CAPITAL
|
|
|
|
Authorised: |
|
|
Number/type: |
|
|
Share value: |
|
|
Issued: |
|
|
Paid-up: |
Shareholders/Owners
|
|
|
|
|
|
|
Mascot, NSW 2020 Australia |
CORPORATE
AFFILIATIONS
|
|
|
|
Mascot, NSW 2020 Australia |
FINANCIAL
ACCOUNTS
OPERATIONS
& HISTORY
|
|
|
|
Full
description: |
The Subject is engaged in food processing
and retail food sales. |
PROPERTY & ASSETS
|
The Subject principally operates from premises
located at the heading address, consisting of administrative offices. |
PAYMENTS
INVESTIGATIVE NOTES
|
Interviews and material provided by the Subject Other official
and local business sources |
ATTACHMENTS
|
Financial ratios |
|
Financial Ratios |
|||
|
|
30-06-2012 |
30-06-2011 |
Trend |
|
PROFITABILITY
[%] |
|
|
|
|
Gross
Margin |
N/A |
N/A |
N/A |
|
Gross Profit / Sales Turnover * 100 |
|
|
|
|
Operating
Margin |
N/A |
N/A |
N/A |
|
Operating Profit / Sales Turnover *
100 |
|
|
|
|
Net
Profit Margin |
0.22% |
19.57% |
-98.88% |
|
Profit After Tax / Sales
Turnover * 100 |
|
|
|
|
Return
On Equity (ROE) |
10.7% |
71.12% |
-84.96% |
|
Profit After Tax / Equity * 100 |
|
|
|
|
Return
On Assets (ROA) |
0.41% |
39.62% |
-98.97% |
|
Profit After Tax / Total Assets *
100 |
|
|
|
|
Return
On Investment (ROI) |
20.89% |
101.61% |
-79.44% |
|
Profit Before Tax / Equity *
100 |
|
|
|
|
EFFICIENCY
[%] |
|
|
|
|
Asset
Turnover |
191.45% |
202.41% |
-5.41% |
|
Sales Turnover / Total Assets * 100 |
|
|
|
|
Inventory
Turnover |
7843.32% |
4840.42% |
62.04% |
|
Sales Turnover / Inventory * 100 |
|
|
|
|
LIQUIDITY
[%] |
|
|
|
|
Current
Ratio (CR) |
190.02% |
56.8% |
234.54% |
|
Current Assets / Current
Liabilities * 100 |
|
|
|
|
Quick
Ratio (QR) |
169.84% |
46.82% |
262.75% |
|
(Current Assets – Inventory) /
Current Liabilities * 100 |
|
|
|
|
DEBT
[%] |
|
|
|
|
Debt
Ratio |
96.15% |
44.29% |
117.09% |
|
Total Liabilities / Total Assets *
100 |
|
|
|
|
Long-Term
Debt Ratio |
2185.36% |
4.33% |
50370.21% |
|
Long-Term Liabilities / Equity *
100 |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.