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MIRA INFORM REPORT
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Report No. : |
507876 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
THYSSENKRUPP
MATERIALS AUSTRALIA PL |
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Registered Office : |
'Level 4 Tower' B, 799 Pacific Highway
Chatswood NSW, 067 |
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Country : |
Australia |
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Date of Incorporation : |
22.07.1997 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The subject is a part of the ThyssenKrupp AG Group Materials Services
Division. They operate in the supply of raw materials such as
carbon, stainless & special steels, to the aerospace, defence,
general engineering & fabrication industries throughout Australia and New
Zealand. They are located in Wetherill Park, NSW Australia, in a 2700 square
metre purpose built facility. |
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No. of Employees : |
65 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 2018 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 is growing at a slower pace
and sharp drops in export 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 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 |
CORPORATE
REPORT
REGISTERED NAME THYSSENKRUPP
MATERIALS AUSTRALIA PL
T/AS THYSSENKRUPP MATERIALS TRADING AUSTRALIA
ACN 078033520
ABN 94078033520
Summary
Panel
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Incorporated |
1997 |
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Line of Business |
supply of raw materials |
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Status |
Trading |
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Chief Executive Officer |
KOCH, JOACHIM |
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EXECUTIVE
SUMMARY
Details pertaining to the subjects financial and trading position were
unable to be obtained for the current enquiry.
In view of the above the subject has been assigned with a rating of ‘NA
5’.
CORPORATE
SEARCH
Company Type Australian Proprietary Company
Status Registered
Incorporation Date 22 Jul 1997
Incorporation State NSW
Registered Office 'Level 4 Tower' B, 799 Pacific
Highway Chatswood NSW, 067
Current Directors Total: 3
Director Name SCHNITTKER, WOLFGANG
Appointment Date 04 Mar 2016
Date of Birth 28 Feb 1967
Place of Birth RATINGEN GERMANY
Gender UNKNOWN
Resident Overseas Y
Director Name ZAMZOW, ROUVEN
Appointment Date 04 Mar 2016
Date of Birth 31 Dec 1973
Place of Birth BOCHUM GERMANY
Gender MALE
Resident Overseas N
Address 21, 89 DEE WHY PDE, DEE WHY NSW 2099
Director Name KOCH, JOACHIM
Appointment Date 04 Mar 2016
Date of Birth 18 Jun 1969
Place of Birth HILDEN GERMANY
Gender MALE
Resident Overseas N
Address 302, 28 THE CORSO, MANLY NSW 2095
Current Secretaries Total: 1
Secretary Name GOERGES, THOMAS
Appointment Date 04 Mar 2016
Date of Birth 30 Jun 1966
Place of Birth MARALA PAKISTAN
Address 23 HIGH STREET CRONULLA NSW, 2230
Current Other Organisation Officers Total: 2
Officer Role Appointed Auditor
Officer Name KPMG
ACN 067086506
Appointment Date 18 Sep 2008
Address LEVEL 10, 10 SHELLEY STREET
SYDNEY NSW, 2000
Officer Role Ultimate Holding Company
Officer Name THYSSENKRUPP AG
Company Shares Total: 2549170
Amount:$2,549,170
Class ORDINARY SHARES [ ORD ]
Number of Shares Issued 2549170
Paid Capital $2,549,170.00
Total Amount Due and Payable $0.00
Current Shareholders
Shareholder Name THYSSENKRUPP UK PLC
Address APOLLO HOUSE REDFERN RD
TYSELEY BIRMINGHAM UNITED
KINGDOM B11 2BH
Class ORD
Number Held 2549170
Beneficially Held Y
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
TRADING ADDRESS Unit
2, 7 to 10 Denoci Cl
WETHERILL
PARK NSW 2164
POSTAL ADDRESS Locked Bag 2103,
North
Sydney, New South Wales, 2059.
TELEPHONE (612)
9757 7777
FACSIMILE (612)
9757 7700
EMAIL thomas.goerges@thyssenkrupp.com
WEBSITE http://www.thyssenkrupp-materials-australia.com
HOLDING ENTITY THYSSENKRUPP UK PLC
ULTIMATE HOLDING
ENTITY THYSSENKRUPP
AG
BANK ANZ
BANKING GROUP
WESTPAC
BANK
EMPLOYEES 65
BACKGROUND
The subject was incorporated in New South Wales on 22 July 1997 before
adopting the current style on 14 January 2015.
The ultimate holding entity Thyssenkrupp AG was formed in 1999 from the
merger of two of Germany's oldest industrial giants, Thyssen AG and Fried.
Krupp AG Hoesch-Krupp.
OPERATIONS
The subject is a part of the ThyssenKrupp AG Group Materials Services
Division. They operate in the supply of raw materials such as
carbon, stainless & special steels, to the aerospace, defence,
general engineering & fabrication industries throughout Australia and New
Zealand. They are located in Wetherill Park, NSW Australia, in a 2700 square
metre purpose built facility.
The subject hold over 1,000 tonnes of fully certified aluminium sourced
from the world's most reputable mills.
The subject offer.
Water Jet Cutting
Plate Saw Cutting
Band Saw Cutting
Guillotine
Activities are conducted from premises located at the above listed
trading address.
ADVERSE
A search of records of on 6 May 2018 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 Company Secretary Thomas
Goerges he requested that any queries pertaining to the subject be conducted in
writing. An email was subsequently sent.
Upon responding Mr Goerges provided relevant trading details however
declined to release any financial information. Details in this regard were
subsequently unable to be obtained for the current enquiry.
For the year ended 30 September 2015 the subject recorded revenue of
$7,907,362.
Enquiries in trade quarters revealed satisfaction from suppliers
contacted in dealing with the subject on a credit basis.
TRADE
SURVEY
A trade survey on the subject traced the following accounts:
1.
(Allied Customs Services) Purchases range up to
$100,000 per week on 7 day terms. Payment is met in
7 days and the account is considered good
having been known for 20 years.
2. (Daryl
Dickson Transport) Nominated supplier failed to respond to correspondence
despite chasing.
Trade payment records from further sources in the past 4 months have traced the following data for the subject.
Total Owing:
$8,361
Total Past Due:
$534
Average Late
Payment Days: 7
All Industries
Late Payment Days: 9
Within terms: $7,847
1 – 30 days past due: $269
31 – 60 days past due: $0
61 – 90 days past due: $264
91+ days: $0
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.50 |
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AUD |
1 |
INR 51.05 |
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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NIY |
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Report Prepared
by : |
TPT |
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
·
Promoters
/ Management background
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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.