MIRA
INFORM REPORT
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Report Date : |
28.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SPORTSBRAND MEDIA AUSTRALASIA PTY LTD |
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Registered Office : |
Level 2, |
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Country : |
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Date of Incorporation : |
16 April 2002 |
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Legal Form : |
Proprietary Company, Limited By Shares |
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Line of Business : |
Offers a
wide range of broadcast, event management, production, publishing and
marketing services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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REGISTERED NAME: |
SPORTSBRAND
MEDIA AUSTRALASIA PTY LTD |
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AUSTRALIAN
COMPANY NUMBER: |
100 237 796 |
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AUSTRALIAN
BUSINESS NUMBER: |
27 100 237 796 |
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OPERATING
ADDRESS: |
Level 2, |
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REGISTERED
ADDRESS: |
Level 2, |
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OTHER TRADING
NAMES: |
Sportsbrand Media Group |
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TELEPHONE
NUMBER: |
(03) 9321 2000 |
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FAX NUMBER: |
(03) 9321 2010 |
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WEB SITE
ADDRESS: |
www.sportsbrand.tv |
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DATE OF
INCORPORATION: |
16 April 2002 – Incorporated in |
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CHANGE OF NAME: |
30 May 2002 - To present name. |
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PAID CAPITAL: |
$1 in $1 shares. |
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DIRECTORS: |
PETER ANTHONY
WRAITH TEMPLESTOWE, VIC 3106 KRISHNAN ANIL
NAIR IVANHOE EAST, VIC 3079 MARK WILLIAM
HARDGRAVE 38 New Street, JAMES IGNATIUS BALWYN, VIC 3103 |
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SHAREHOLDERS: |
Refer HISTORY |
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SECRETARY: |
PETER ANTHONY
WRAITH |
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AUDITORS: |
Not shown |
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REGISTERED
CHARGES: |
Refer REGISTERED CHARGES |
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PAYMENTS: |
Refer TRADING |
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LEGAL ACTIONS /
DEFAULTS: |
Nil |
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EMPLOYEES: |
40-50 |
PARENT COMPANY
WESTMINSTER COMMUNICATIONS GROUP PTY LTD
ACTIVITIES
Sportsbrand is
an international sports media and marketing company. It provides strategic
media solutions for a wide range of commercial partners, helping broadcasters,
sports associations and sponsors leverage maximum commercial value from their
media assets.
The subject
offers a wide range of broadcast, event management, production, publishing and
marketing services.
Sportsbrand is
ultimately a wholly owned subsidiary of the Bennelong Group Pty Ltd., the
private investment company of Jeff Chapman.
The company
has significant commercial interests in the
Sportsbrand
Media Group has its head office in
Crown Golf
owns more than 30 golf courses in the
Bennelong are
also the major shareholder in Crown Sports - owners and operators of 21 health
clubs in the
Taking
advantage of the economic benefits of television production in
The NZ
operations are focussed on
The Dubai
Tennis Open is the subject’s pinnacle event, run from it’s
The
The
Sales and marketing offices are located in
The subject employs 40-50 in activities.
HISTORY
The subject was incorporated in
Australian Company Number: 100 237 796.
Paid capital $1 in 1 share paid to $1.
Shares are held by:
The above information is in accordance with the last Company Statement
Annual lodged with the Australian Securities and Investments Commission and
compiled at report date.
By virtue of the shareholding the subject is a subsidiary of Westminster
Communications Group Pty Ltd. This company was incorporated in
Operations of the company were commenced 7 years ago.
DIRECTORS
PETER ANTHONY
WRAITH was born on 9 August 1967 and was appointed to the board of directors on
22 July 2004. He is also the Company Secretary, having been appointed to this
position on 22 July 2004.
KRISHNAN ANIL NAIR
was
born on 25 February 1959 and was appointed to the board of directors on 23
August 2002.
MARK WILLIAM
HARDGRAVE was born on 7 March 1958 and was appointed to the board of directors on
17 April 2002.
JAMES IGNATIUS
WILTON was born on 14 September 1956 and was appointed to the board of
directors on 17 April 2002.
BANK
NATIONAL AUSTRALIA BANK LIMITED
MELBOURNE, VIC
3000
The bank holds a Registered Charge over company assets. Please refer to
the REGISTERED CHARGE section for
details.
TRADING
Following are details of a trade survey undertaken in May 2007:
Two references were provided during the current investigation, however
when contacted both have declined to provide references as a matter of company
policy.
FINANCE
Due to amendments to the Corporations Law by
the First Corporate Law Simplification Act 1995, subject is not required to
lodge financial statements with the Australian Securities & Investment
Commission.
disclose the following inquiries in relation
to finance applications:
On 4 June 2003 to Hunter Premium Funding Vic for Premium Finance.
On 6 August 2002 to CIT Vic for Leasing.
On 22 July 2002 to Hunter Premium Funding Vic for Premium Finance.
Nothing further has been recorded.
REGISTERED CHARGES
The following Registered Charge has been recorded over the subject’s
assets:
On 3 October 2003, Fixed and Floating Charge to National Australia Bank
Limited, ASIC Charge No. 982157.
RECORDED ACTIONS
Nothing of an adverse nature has been recorded against the subject.
INVESTIGATION
An interview was conducted with the Financial Controller in May 2007. At
this time he confirmed operational and trading details, however declined all
financial information as a matter of company policy.
It was advised that premises at the heading address are leased.
Enquiries made with trade sources failed to trace any additional
information in relation to the subject.
A Land Titles Search has not been undertaken to ascertain what land, if
any, stands in the subject’s name. This
can be undertaken on request.
CONCLUSION
The subject was incorporated in
Paid capital $1 in 1 share paid to $1.
Sportsbrand is
an international sports media and marketing company. It provides strategic
media solutions for a wide range of commercial partners, helping broadcasters,
sports associations and sponsors leverage maximum commercial value from their media
assets.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)