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MIRA INFORM REPORT
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Report No. : |
483993 |
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Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JAYLON INDUSTRIES PL |
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Registered Office : |
11 Hunt Street Malaga Wa, 6090 |
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Country : |
Australia |
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Date of Incorporation : |
07.01.1997 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject operates in the manufacture
of soft plastic products including stationary, packaging materials, hospital
equipment, grain coves and geosynthetic liners |
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No. of Employees : |
60 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Australia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2017 facing a range of growth constraints, principally driven by the sharp fall in global prices of key export commodities. Demand for resources and energy from Asia and especially China has stalled and sharp drops in current prices have 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 benefited from a dramatic surge in its terms of trade in recent years, although this trend has reversed 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 WTO, APEC, the G20, and other
trade forums. Australia’s free trade agreement (FTA) with China entered into
force in 2015, adding to existing FTAs with the Republic of Korea, Japan,
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
10 ASEAN countries and China, Japan, Korea, New Zealand and India.
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Source
: CIA |
REGISTERED
NAME
JAYLON INDUSTRIES P/L
ACN
076978179
ABN
78076978179
Summary
Panel
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Established |
1942 |
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Incorporated |
1997 |
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Line of Business |
Manufacture
of plastic products |
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Status |
Trading
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Chief Executive Officer |
REES, WILLIAM STEWART |
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Adverse Listings |
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EXECUTIVE
SUMMARY
The
subject has been trading profitably and generates revenue of more than
$10,000,000 per annum.
In
regards to asset backing the subject owns the premises located at the above
listed trading address.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 07
Jan 1997
Incorporation State WA
Registered Office 11
HUNT STREET MALAGA WA,
6090
Current Directors
Total: 2
Director Name REES,
WILLIAM STEWART
Appointment Date 10
Jan 1997
Date of Birth 11
May 1959
Place of Birth SUBIACO
WA
Gender MALE
Resident Overseas N
Address 2
LYONS ST, COTTESLOE WA6011
Director Name LLOYD,
STEPHEN JOHN
Appointment Date 10
Jan 1997
Date of Birth 04
May 1956
Place of Birth CANBERRA
ACT
Gender MALE
Resident Overseas N
Address 37
BRAZIER RD, YANCHEP WA6035
Current Secretaries
Total: 2
Secretary Name DWIGHT,
DENISE
Appointment Date 23
Jun 2015
Date of Birth 23
Oct 1964
Place of Birth LONDON
UNITED KINGDOM
Address 34
TARBERT PARADE
RIDGEWOOD
WA, 6030
Secretary Name REES,
WILLIAM STEWART
Appointment Date 10
Jan 1997
Date of Birth 11
May 1959
Place of Birth SUBIACO
WA
Address 2
LYONS STREET COTTESLOE
WA,
6011
Company Shares
Total: 1950000 Amount:
$950,000
Class A
CLASS [A]
Number of Shares Issued 500000
Paid Capital $243,590.00
Total Amount Due and Payable $0.00
Document Number 0E7089164
Class ORDINARY
[ORD]
Number of Shares Issued 1450000
Paid Capital $706,410.00
Total Amount Due and Payable $0.00
Document Number 0E7089164
Current Shareholders
Shareholder Name LLOYD,
STEPHEN JOHN
Address 7
COLONIAL GARDENS MOSMAN
PARK
WA, 6012
Class A
Number Held 500000
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name LLOYD,
STEPHEN JOHN
Address 7
COLONIAL GARDENS MOSMAN
PARK
WA, 6012
Class ORD
Number Held 200000
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name PAPER
BOARD AUSTRALIA PTYLTD
Number Held 842000
Address UNIT
5 BUTLER REES & CO PTY
LTD,
20-22 GIBBERD ROAD
BALCATTA
WA, 6021
Class ORD
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name KYROU
NOMINEES PTY LTD
ACN 052046527
ABN 52052046527
Address UNIT
5 ATF WSR TRUST BUTLER
REES
& CO PTY LTD, 20-22
GIBBERD
ROAD BALCATTA WA, 6021
Class ORD
Number Held 158000
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name KYROU
NOMINEES PTY LTD
ACN 052046527
ABN 52052046527
Address UNIT
5 ATF REES TRUST NO. 2
BUTLER
REES & CO PTY LTD,
20-22
GIBBERD ROAD BALCATTA
WA,
6021
Class ORD
Number Held 112500
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name PAPER
BOARD AUSTRALIA PTYLTD
ACN 062566278
ABN 99062566278
Address UNIT
5 BUTLER REES & CO PTY
LTD, 20-22
GIBBERD ROAD
BALCATTA
WA, 6021
Class ORD
Number Held 100000
Beneficially Held N
Fully Paid Y
Jointly Held N
Shareholder Name KYROU
NOMINEES PTY LTD
ACN 052046527
ABN 52052046527
Address UNIT
5 BUTLER REES & CO PTY
LTD, 20-22
GIBBERD ROAD
BALCATTA
WA, 6021
Class ORD
Number Held 37500
Beneficially Held N
Fully Paid Y
Jointly Held N
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.
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).
BUSINESS STRUCTURE
MALAGA,
WA 6090
POSTAL
ADDRESS PO BOX 2004
MALAGA,
WA 6944
TELEPHONE (618) 9249 2088
FACSIMILE (618) 9249 3690
WEBSITE http://www.jaylon.com.au
EMAIL jaylon@jaylon.com.au
ASSOCIATED
ENTITIES JAYLON ENVIRONMENTAL
SERVICES P/L
JAYLON
PACIFIC P/L
BRANCH BRENDALE, QLD
NEW
GISBORNE VIC
BANK NATIONAL
AUSTRALIA BANK
Branch:
Osborne Park, WA
EMPLOYEES 60
BACKGROUND
The subject was incorporated in
Western Australia on 7 January 1997 as Jayview Holdings P/L, adopting the
current style on 5 February 1997.
Operations were founded in 1946 as 'J
& L Plastics', which manufactured a small range of soft plastic products.
In 1989 the company relocated to a
4,000m2 purpose-built factory in Malaga, Western Australia, where
manufacturing facilities were modernised and expanded.
In
1992, Jaylon Environmental Systems was formed to fabricate, and install
geomembranes and other geosynthetic products for mining and civil engineering
applications.
In 2001, the Jaylon Group established
a Brisbane office and factory in Brendale.
OPERATIONS
The
subject operates in the manufacture of soft plastic products including
stationary, packaging materials, hospital equipment, grain coves and geosynthetic
liners
Activities
are conducted from premises located at the above listed trading address.
ADVERSE
A
search of of on 2 January 2017 failed to trace any litigation listed against
the subject at that date.
FINANCES
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, she advised that the subject has been
trading profitably and generates revenue of more than $10,000,000 per annum.
In regards to asset backing the
subject owns the premises located at the above listed trading address.
Further financial details were not
released as a matter of company policy.
TRADE
SURVEY
Details pertaining to the subjects
suppliers were not released for the current enquiry.
A trade survey on the subject was
subsequently unable to be conducted.
Trade payment records from further
sources in the past 4 months have traced the following data for the
subject.
Total Owing:
$9,992
Total Past
Due: $7,800
Average Late
Payment Days: 22
All
Industries Late Payment Days: 9
Within terms: $2,193
1 – 30 days past due: $4,132
31 – 60 days past due: $3,460
61 – 90 days past due: $0
91+ days: $298
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.39 |
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UK Pound |
1 |
INR 85.74 |
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Euro |
1 |
INR 76.25 |
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AUD |
1 |
INR 49.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.