MIRA INFORM REPORT

 

 

Report Date :           

28.04.2011

 

IDENTIFICATION DETAILS

 

Name :

T C PRINTING PTY LTD

 

 

Registered Office :

Patrick D De Kretser, Suite 26, 1 Ricketts Road, Mount Waverley, Vic 3149

 

 

Country :

Australia

 

 

Date of Incorporation :

22.08.1985

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Commercial Printers

 

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 :

Unknown 

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Australia

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

                        

 

REGISTERED NAME 

 

T C PRINTING PTY LTD

ACN: 006 462 808

ABN: 13 006 462 808

 

 

CORPORATE SEARCH

 

Incorporation State: VIC

 

Incorporation Date: 22 AUG 1985

 

Registered Office

PATRICK D DE KRETSER

SUITE 26,

1 RICKETTS ROAD,

MOUNT WAVERLEY

VIC 3149

 

Registered Charges: 2

 

1451608

Registered 10 MAY 2007

Fixed

NATIONAL AUSTRALIA BANK LIMITED

 

451560

Registered 04 AUG 1994

Both Fixed and Floating

NATIONAL AUSTRALIA BANK LIMITED

 

Current Directors Total: 1

TAKVOR CULLU – appointed: 13 APR 2010

5 PONTFORD Court WHEELERS HILL, Victoria 3150

DOB: 16 OCT 1954

 

Current Secretaries Total: 1

 

TAKVOR CULLU – appointed: 13 APR 2010

 

Share Structure - Classes Total: 1

ORD ORDINARY SHARES: 2 – amount paid: $2

 

Shareholders Total: 2

 

ORD 1 - CHRISTINE CULLU

ORD 1 - TAKVOR CULLU

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 20 Jellico Dr

                                                SCORESBY, VIC 3179              

 

TELEPHONE                             (613) 9763 8800

 

BANK                                       NATIONAL AUSTRALIA BANK

                                               

EMPLOYEES                            20        

 

 

BACKGROUND

 

The subject was incorporated in Victoria on 22 August 1985 to commence operations under the current style as a new venture.

 

 

OPERATIONS

 

The subject operates as commercial printers

 

Activities are conducted from premises located at the above listed trading address.

 

 

ADVERSE

                                               

A search of 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 subjects Manager he confirmed the subjects search and operational details, however declined to provide any financial or trading information as a matter of strict company policy.

 

Subsequently details in this regard were unable to be obtained during the current investigation.

 

In regards to asset backing the subjects Director Takvor Cullin is advised to own the premises located at the above listed trading address.

 

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.         (KW Doggett) Purchases average $50,000 to $70,000 per month on 75 day terms. Payment is met in 75 days and the account is considered satisfactory having been known since March 1986.

 

2.         (CPI Paper) Nominated supplier declined to provide a reference owing to company policy.

 

 

SUMMARY

 

The subject was incorporated in Victoria on 22 August 1985 to commence operations under the current style as a new venture.

 

Details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.

 

In regards to asset backing the subjects Director Takvor Cullin is advised to own the premises located at the above listed trading address.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

                                               


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.40

UK Pound

1

Rs.73.26

Euro

1

Rs.65.17

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.