MIRA INFORM REPORT
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Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LABELMAKERS GROUP PTY. LTD. |
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Registered Office : |
"Rialto Towers" Level 29, 525 Collins Street, Melbourne, Victoria, Zip/postal Code 3000 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
10.06.2005 |
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Com. Reg. No.: |
114717814 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Label Manufacturing and Printing |
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No. of Employees : |
357 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4,000,000 |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Identification details
Verified Address
Subject name : LABELMAKERS GROUP PTY. LTD.
Business address : 55 Austrak Drive
Town : Somerton
Province : Victoria
Zip/postal code : 3062
Country : Australia
Tel : +61 3 93033300
Fax : +61 3 93053040
Website : www.labelmakers.com.au
Registered address : "Rialto Towers" Level 29
525 Collins Street Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Summary details
Executive Summary
Date founded or registered : 10/06/2005
Legal form : Australian Proprietary Company
Chief executive : Kevin Leslie Bamford
Issued & paid up capital : AUD 79,600,000
Sales turnover : AUD 133,618,412 (Non-consolidated 12 months, 30/06/2011)
Net income : AUD 2,323,925 (Non-consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 167,540,380 (Non-consolidated 12 months, 30/06/2011)
Line of business : Label manufacturing and printing.
Staff employed : 357 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 4,000,000
Credit amount asked : Not described.
Statutory details
Registry Data
Registration date : 10/06/2005
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 114717814
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 41114717814
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Kevin Leslie Bamford
Designation : Managing Director
Name : Rod Bryan
Designation : General Manager
Name : Graeme Lang
Designation : Technical Manager
Board of directors / other
appointments
Appointments
Name : Kevin
Leslie Bamford
Designation : Director and Company Secretary
Appointment date : 10/06/05
Address : 65
Daisy Hill Road
Doreen, VIC 3754
Australia
Biography Born
on 09-01-1945 in Melbourne, Victoria, Australia.
Staff employed 357
employees
Key Advisors
Auditors : BDO AUDIT (NSW-VIC) PTY LTD
"Rialto Towers" Level 30
525 Collins Street
Melbourne, VIC 3000
Australia
Share capital
Composition
Authorized Capital : AUD 79,600,000
No of shares : 79,600,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 79,600,000
Paid up capital : AUD 79,600,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name LABELMAKERS GROUP HOLDINGS PTY LTD
Address 55 Austrak Drive
Somerton, VIC 3062
Australia
No. of shares 75,500,000 Ordinary Shares
Shareholder name BROADMORE PROPRIETARY LIMITED
Address "Rialto Towers" Level 29
525 Collins Street
Melbourne, VIC 3000
Australia
No. of shares 4,100,000 Ordinary Shares
Related companies & corporate Affiliations
Structure
Name LABELMAKERS GROUP
HOLDINGS PTY LTD
Affiliation type Parent Company
Address 55 Austrak Drive
Somerton, VIC 3062
Australia
Name LABELMAKERS WINE DIVISION PTY
LTD
Affiliation type Subsidiary
Address 589 South Road
Regency Park, SA 5010
Australia
Name LABELMAKERS GROUP WA PTY. LTD.
Affiliation type Subsidiary
Address 24 Century Road
Malaga, WA 6090
Australia
Name LABELMAKERS ADVISORS PTY LTD
Affiliation type Subsidiary
Address 55 Austrak Drive
Somerton, VIC 3062
Australia
Name LABELMAKERS (AUST.) PTY. LTD.
Affiliation type Subsidiary
Address 55 Austrak Drive
Somerton, VIC 3062
Australia
Name LABELMAKERS LIMITED
Affiliation type Subsidiary
Address 2 Foreman Road
Te Rapa, Hamilton 3257
New Zealand
Bank & mortgages
Bank Details
Name of bank : Westpac Banking Corporation
Address : Australia
Account details : Current Account
Name of bank : National Australia Bank Limited
Address : Australia
Account details : Current Account
Comments : It is generally not the policy of local
banks to provide credit status information to non related parties, however
interested parties would be advised to consult first with the Subject if
banker's references are required.
Mortgages
Satisfied Charges:
ASIC Charge Number: 1178807
Date Registered: 06-07-2005
Charge type: Both Fixed & Floating
Date Created: 01-07-2005
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
Unsatisfied
Charges:
ASIC Charge Number: 1323958
Date Registered: 11-07-2006
Charge type: Fixed
Date Created: 30-06-2006
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1332134
Date Registered: 20-07-2006
Charge type: Fixed
Date Created: 03-07-2006
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1332721
Date Registered: 20-07-2006
Charge type: Fixed
Date Created: 03-07-2006
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 1377007
Date Registered: 09-11-2006
Charge type: Fixed
Date Created: 03-10-2006
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 1540451
Date Registered: 07-11-2007
Charge type: Fixed
Date Created: 17-10-2007
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1666033
Date Registered: 21-07-2008
Charge type: Fixed
Date Created: 15-07-2008
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1691069
Date Registered: 09-09-2008
Charge type: Fixed
Date Created: 28-08-2008
Chargees Name: CBFC LIMITED
ASIC Charge Number: 2003064
Date Registered: 30-06-2010
Charge type: Fixed
Date Created: 26-05-2010
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge Number: 2123793
Date Registered: 31-01-2011
Charge type: Fixed
Date Created: 29-12-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 2137216
Date Registered: 02-03-2011
Charge type: Both Fixed & Floating
Date Created: 21-02-2011
Chargees Name: COMMONWEALTH BANK OF AUSTRALIA
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Commercial
Registry Filings
Financial statement date : 30/06/11
Type of accounts : Full audited
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 1.03 as of 28-11-2011
Summarized Financial Information
Consolidation type : Consolidated Consolidated
Currency : Australia Dollar (AUD) Australia
Dollar (AUD) Denomination : (x1) One (x1) One
Date of financial year end : 30/06/11 30/06/10
Length of accounts : 12 months 12 months
Sale turnover / Income : 133,618,412 136,185,674
Profit before tax : 10,982,201 13,502,030
Net income : 2,323,925 8,311,967
Non current assets : 119,409,060 124,944,803
Current assets : 48,131,320 49,865,889
Inventories : 19,687,849 19,484,824
Total assets : 167,540,380 174,810,692
Current liabilities : 67,110,288 66,180,160
Non current liabilities : 15,124,802 14,807,453
Total liabilities : 82,235,090 80,987,613
Share equity : 85,305,290 93,823,079
Reserve : 28,023 69,737
Retained earning : 5,677,267 6,230,211
Comments : The consolidated financial information
above relates to the Subject and all its subsidiaries.
Operation details
Main activities The
Subject is engaged as a label manufacturing and printing
company.
The Subject
offers various pressure sensitive, wet-glue, roll-fed wrap around, pallet ID,
promotional, VIP, RFID, and shrink sleeve labels; and self-adhesive, cut and
stack, roll-fed and ROSO, direct thermal, and thermal transfer products, as
well as thermal ribbons. It serves wine, small goods, personal care, household
products, transport, food and beverage, warehousing, pharmaceutical, pet food,
supermarkets, retail ready, and track and trace market segments in Australasia
and internationally.
Purchases
International : Mainly from United States, Germany,
Taiwan, China
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of production facilities,
warehouse and administrative office.
Branches : In addition, the Subject operates from
branch production facilities located at:
62-66 Freight Drive
Somerton, VIC 3062
Australia
Tel: +61 3 93033500
Other property : Total
Group NBV of property, plant and equipment as of 30-06-2011 was AUD
61,409,060.
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2007:5.2 %
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
Government bond
ratings Standard
& Poor's: AAA-/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 1.258 trillion
Largest
companies in the country : Commonwealth Bank (Banking), BHP
Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials),
National Australia Bank (Banking), ANZ Banking (Banking), Telstra
(Telecommunications)
Trade & Competitiveness Overview
Total exports US$210.7
billion
Exports commodities coal,
iron ore, gold, meat, wool, alumina, wheat
Total imports US$187.2
billion
Imports commodities machinery and
transport equipment, computers and office machines, telecommunication equipment
and parts, crude oil and petroleum products
Export - major partners Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany
5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows 2007: US$16,822 million
2008: US$32,819 million
2009: US$ 18,426 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 16
(ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population :
22.23 million
Total area :
7,692,024 km2
Capital : Canberra
Currency : Australian Dollars (AUD)
Internet
users as % of total population
: 74.00%
Payment history
Purchase Term
International : L/C, Prepayment, Credit up to 90 days
Sales Term
Local : Prepayment, Credit up to 90 days
International : Prepayment, Credit up to 90 days
Trade Reference/ Payment Behaviour
Comments : As local and international trade
references were not supplied, the Subject's payment track record history cannot
be appropriately determined but based on our research, payments are believed to
be met without delay.
Investigation Note
Sources : Interviews and material provided by the
Subject
: Other
official and local business sources
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.17 |
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UK Pound |
1 |
Rs.81.29 |
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Euro |
1 |
Rs.69.47 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.