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Report No. : |
341063 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MACQUARIE BANK PTY LTD |
|
|
|
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Registered Office : |
50, Martin Place, Sydney, NSW 2000 |
|
|
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Country : |
Australia |
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|
|
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Financials (as on) : |
31.03.2015 (Consolidated) |
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Year of Establishment : |
1969 |
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Legal Form : |
Australian Public Company |
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Line of Business : |
Banking and Financial Services. |
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No. of Employees : |
14,085 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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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 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 |
ACN: 008 583 542
ABN: 46 008 583 542
|
Established |
1969 |
|
|
Incorporated |
1983 |
|
|
Line of Business |
Banking and financial services |
|
|
Status |
Trading |
|
|
Chief Executive Officer |
NICHOLAS WILLIAM MOORE |
|
|
Macquarie Bank Ltd - consolidated |
|||
|
|
As at 31 March 2015 |
As at 31 March 2014 |
Change (%) |
|
Revenue |
$5,295,000,000.00 |
$4,578,000,000.00 |
15.66% |
|
Profit b/tax |
$1,518,000,000.00 |
$1,174,000,000.00 |
29.30% |
|
Profit a/tax |
$1,119,000,000.00 |
$774,000,000.00 |
44.57% |
|
Net Profit Margin |
21.13% |
16.91% |
4.23% |
During fiscal 2015, the subject recorded a deficiency in Net Cashflows
from operating activities totalling $3,403 million.
As at 31 March 2010 the subject recorded total assets of $172,580
million.
Furthermore at 31 March 2015 the subject recorded Net Assets of $11,599
million.
Company Type Australian
Public Company
Incorporation
Date: 26 Apr 1983
Incorporation
State: Australian Capital
Territory
Top 20 Shareholders
(As at 22 April
2015) Navigator Australia Ltd
HSBC Custody Nominees (Australia) Limited
National Nominees Limited
Citicorp Nominees Pty Ltd
Netwealth Investments Limited
Questor Financial Services Limited
Nulis Nominees (Australia) Limited
BNP Paribas Noms Pty Ltd
Mr Zhiliang
J P Morgan Nominees Australia Limited
UBS Wealth Management Australia Nominees Pty
Ltd
RBC Investor Services Australia Nominees Pty
Limited
Aust Executor Trustees Ltd
Netwealth Investments Limited
Pacific Development Corporation Pty Ltd
Pelatron Pty Ltd
Shengli Investments Pty Ltd
Viridian Investment Fund No 1 Pty Ltd
VIP Finance Pty Ltd
Cremorne Co Pty Ltd
Directors GORDON MCKELLAR CAIRNS
Appointment Date
01 Nov 2014
Address
26 REDAN LA
MOSMAN NSW 2088
Date of Birth
25 Jul 1950
Gender
MALE
Place of Birth
BRIDGE OF ALLAN
UNITED KINGDOM
MARY JOYCE
REEMST
Appointment Date
01 Jul 2014
Address
50 MARTIN PL
SYDNEY NSW 2000
Date of Birth
06 Dec 1957
Place of Birth
SYDNEY NSW
NICOLA WAKEFIELD
EVANS
Resident overseas
Appointment
Date07 Feb 2014
Address
106 VICTORIA RD
BELLEVUE HILL NSW
2023
Date of Birth
29 Nov 1960
Place of Birth
FORBES NSW
PATRICIA ANNE
CROSS
Resident
overseasN
Appointment Date
07 Aug 2013
Address
22 COUNCIL ST
HAWTHORN EAST VIC
3123
Date of Birth
18 May 1959
Place of Birth
GEORGIA UNITED
STATES
GARY RONALD
BANKS
Resident overseas
Appointment Date
01 Aug 2013
Address
71 BARRY ST
CARLTON VIC 3053
Date of Birth
02 Dec 1949
Place of Birth
GREENSBOROUGH VIC
MICHAEL JOHN
COLEMAN
Resident
overseasN
Appointment Date
09 Nov 2012
Address
38 RIDGE ST
SURRY HILLS NSW
2010
Date of Birth
21 Jul 1950
Gender
MALE
Place of Birth
SYDNEY NSW
DIANE JENNIFER
GRADY
Resident overseas
Appointment Date
19 May 2011
Address
15 NOONBINNA CRS
NORTHBRIDGE NSW
2063
Date of Birth
31 Jul 1948
Gender
FEMALE
Place of Birth
PHOENIX, ARIZONA
UNITED STATES
MICHAEL JOHN
HAWKER
Resident overseas
Appointment Date
22 Mar 2010
Address
50 MARTIN PL
SYDNEY NSW 2000
Date of Birth
11 Oct 1959
Gender
MALE
Place of Birth
WELLINGTON NSW
NICHOLAS WILLIAM
MOORE
Resident overseas
Appointment Date
24 May 2008
Address
50 MARTIN PL
SYDNEY NSW 2000
Date of Birth
05 Oct 1958
Place of Birth
MORDIALLOC VIC
Director Name
PETER HASTINGS
WARNE
Resident
overseasN
Appointment Date
01 Jul 2007
Address
21 PRINCE ALBERT
ST
MOSMAN NSW 2088
Date of Birth
03 Dec 1955
Place of Birth
GUNNEDAH NSW
Director Name
HARRY KEVIN
MCCANN
Resident overseas
Appointment Date
23 Dec 1996
Address
14 MIDDLE HEAD RD
MOSMAN NSW 2088
Date of Birth
26 Dec 1940
Gender
MALE
Place of Birth
PERTH WA
SECURITY
INTERESTS 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.
TRADING ADDRESS 50 Martin Place
SYDNEY,
NSW 2000
TELEPHONE (612)
8232 3333
FACSIMILE (612)
8232 4330
WEBSITE http://www.macquarie.com
CONTROLLED
ENTITIES Delaware
Investment Advisers (United States)
Delaware Investments Advisers Partner, Inc.
(United States)
Delaware Investments Management Company, LLC
(United States)
Delaware Management Company (United States)
Delaware Management Holdings, Inc. (United
States)
Macquarie Aerospace Limited (Ireland)
Macquarie Affiliated Managers (USA) Inc.
(United States)
Macquarie Affiliated Managers Holdings (USA)
Inc. (United States)
Macquarie Aircraft Leasing Limited (Ireland)
Macquarie Alternative Assets Management
Limited (Australia)
Macquarie America Holdings Inc. (United States)
Macquarie Americas Holdings Pty Ltd
(Australia)
Macquarie Australia Pty Limited (Australia)
Macquarie Bank International Limited (United
Kingdom)
Macquarie BFS Holdings Ltd. (Canada)
Macquarie CAF Holdings Inc. (United States)
Macquarie Corporate and Asset Finance Limited
(Australia)
Macquarie Energy LLC (United States)
Macquarie FG Holdings Inc. (United States)
Macquarie FICC (UK) Limited (United Kingdom)
Macquarie FICC Holdings USA Inc. (United
States)
Macquarie Financial Holdings (USA) LLC (United
States)
Macquarie Financial Ltd./Financiere Macquarie
Ltee. (Canada)
Macquarie Financial Markets LLC (United
States)
Macquarie Financial Products Management
Limited (Australia)
Macquarie Funding Holdings LLC (United
States)
Macquarie Funds Management Holdings Pty
Limited (Australia)
Macquarie Investment Management Ltd
(Australia)
Macquarie Investments (UK) Limited (United
Kingdom)
Macquarie Investments 2 Limited (United
Kingdom)
Macquarie Leasing Pty Limited (Australia)
Macquarie Prism Pty Limited (Australia)
Macquarie Rail Inc. (United States)
Macquarie Real Estate Inc (United States)
Macquarie Services (USA) LLC (United States)
Macquarie TCG (USA) LLC (United States)
Utility Metering Services Limited (United
Kingdom).
BANK Not
determined
EMPLOYEES 14,085
The subject was incorporated in the ACT on 29 January 1985 as Plena Ltd,
changing name on 3 October 1983 to Bond St Associates Ltd, changing name on 8
March 1984 to Macquarie Associates Ltd, before adopting the current style on 15
March 2006.
The
subject has origins from the merchant bank Hill Samuel Australia (HSA), a
wholly-owned subsidiary of Hill Samuel & Co. Limited, London.
Established in Australia in 1969, it began operations in Sydney in January 1970
with only three staff.
In
1981, HSA commenced work on a proposal to become a trading bank. Authority for
HSA to become Macquarie Bank Limited (MBL) was received from the Federal
Treasurer on 28 February 1985, making it only the second private trading bank
to be established in Australia this century.
Macquarie
Bank took over all the existing activities of HSA and opened its doors for
business on 1 March 1985 with a retail branch in Sydney. A trading bank branch
was opened in Melbourne a few months later and in Brisbane in November 1986.
On
29 July 1996, Macquarie Bank Limited listed its fully paid ordinary shares on
the Australian Stock Exchange (ASX) and on 30 October 1996 entered the ASX's
All Ordinaries Index, with a market capitalisation of approximately $1.3
billion.
In October 2007, MBL
securityholders and optionholders and the Federal Court of Australia approved
the restructure of the Macquarie group into a non-operating holding company
(“NOHC”) structure. The NOHC and ultimate parent of the Macquarie group, Macquarie
Group Limited, is listed on the Australian Securities Exchange (ASX: MQG).
The subject
operates as a holding entity for the group which is involved as a provider of
financial services, offering a complete range of investing, commercial banking
and retail financial services in Australia and selected financial services
offshore.
Activities are
conducted from premises located at the above listed trading address.
A search of of on
14 September 2015 failed to trace any litigation listed against the subject at
that date.
For the financial year ended 31 March 2015 the subject recorded
consolidated Net Operating income of $5,295 million which resulted in an
operating profit before tax of $1,518 million and operating profit after tax of
$1,119 million representing a Net Profit Margin of 24.11%.
Net operating income of increased 16 percent on the prior year. Key
drivers of the changes from the prior year were a 16 percent increase in
combined net interest and trading income to $A3,871 million for the year ended
31 March 2015 from $A3,327 million in the prior year.
Since 31 March 2014, the Group raised $A21.3 billion of term Funding.
Below is a summary of the subject’s income results for the past two
financial years.
|
Macquarie Bank Ltd - consolidated |
|||
|
|
As at 31 March 2015 |
As at 31 March 2014 |
Change (%) |
|
Revenue |
$5,295,000,000.00 |
$4,578,000,000.00 |
15.66% |
|
Profit b/tax |
$1,518,000,000.00 |
$1,174,000,000.00 |
29.30% |
|
Profit a/tax |
$1,119,000,000.00 |
$774,000,000.00 |
44.57% |
|
Net Profit Margin |
21.13% |
16.91% |
4.23% |
During fiscal 2015, the subject recorded a deficiency in Net Cashflows from
operating activities totalling $3,403 million.
As at 31 March 2010 the subject recorded total assets of $172,580
million. They included Loan assets held at amortised cost of $43,794 million,
derivative financial instruments of $71,206 million, trading portfolio assets
of $30,039,000 and Receivables of $25,981,000.
Liabilities at the same date (excluding loan capital) totalled $157,741
million and included deposits of $47,333,000 and debt issued at amortised cost
of $53,033 million.
Furthermore at 31 March 2015 the subject recorded Net Assets of $11,599
million.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total
Owing: $140,944
Total
Past Due: $55,722
Average Late Payment Days: 46
All Industries Late Payment
Days: 9
-
Within
terms: $85,222
-
1 – 30
days past due: $18,261
-
31 – 60
days past due: $34,196
-
61 – 90
days past due: $0
-
91+
days: $3,265
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.63 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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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.