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MIRA INFORM REPORT
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Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PRINT WORKS (QUEENSLAND) PTY. LTD. |
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Registered Office : |
102 Adelaide Street, Brisbane, Queensland , Zip/postal code 4000 |
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Country : |
Australia |
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Date of Incorporation : |
27.07.1995 |
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Com. Reg. No.: |
070510011 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Commercial Printing Services. |
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No. of Employees : |
30 Persons |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 200,000 |
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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 – 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 : PRINT WORKS (QUEENSLAND) PTY. LTD.
Business address : 90 Basalt Street
Town : Geebung
Province : Queensland
Zip/postal code : 4034
Country : Australia
Tel : +61 7 38654433
Fax : +61 7 38652338
Email : corporateservices@printworks.net.au
Website : www.printworks.net.au
Registered address : 102 Adelaide Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Postal address : P.O. Box 32
Town : Geebung
Province : Queensland
Zip/postal code : 4034
Country : Australia
Summary details
Executive Summary
Date founded or registered : 27/07/1995
Legal form : Australian Proprietary Company
Chief executive : Paul Barry Scanlon
Issued & paid up capital : AUD 2
Sales turnover : AUD 7,000,000 (Estimated
Non-consolidated 12 months,
30/06/2011)
Line of business : Commercial printing services.
Staff employed : 30 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 200,000
Credit amount asked : USD 200,000
Statutory details
Registry Data
Registration date : 27/07/1995
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 070510011
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 39395540658
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Paul Barry Scanlon
Designation : Managing Director
Name : Suzette Louise Scanlon
Designation : Director
Board of directors / other
appointments
Appointments
Name : Paul Barry Scanlon
Designation : Director and Company Secretary
Appointment date: 27/07/95
Address : 29 Ford Street
Clayfield, QLD 4011
Australia
Biography Born on 04-06-1969 in Brisbane, Queensland, Australia.
Name Suzette Louise Scanlon
Designation Director
Appointment date 29/03/96
Address 29 Ford Street
Clayfield, QLD 4011
Australia
Biography : Born on 14-07-1970 in Brisbane, Queensland, Australia.
Staff employed : 30 employees
Share capital
Composition
Authorized Capital : AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
ownership / shareholders
How listed : Full List
Composition
Shareholder name Paul Barry Scanlon
Address 29 Ford Street
Clayfield, QLD 4011
Australia
No. of shares 1 Ordinary Share
% of shares 50%
Shareholder name Suzette Louise Scanlon
Address 29 Ford Street
Clayfield, QLD 4011
Australia
No. of shares 1 Ordinary Share
% of shares 50%
Related companies & corporate Affiliations
Structure
Related
companies and corporate affiliations comments : None Reported
Bank & mortgages
Bank Details
Name of bank : National Australia Bank Limited
Address : Australia
Account details : Current Account
Name of bank : Westpac Banking Corporation
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: 510327
Date Registered: 09-10-1995
Charge type: Both Fixed & Floating
Date Created: 03-10-1995
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 533681
Date Registered: 04-04-1996
Charge type: Both Fixed & Floating
Date Created: 29-03-1996
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 795448
Date Registered: 17-04-2001
Charge type: Fixed
Date Created: 30-03-2001
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1041488
Date Registered: 07-05-2004
Charge type: Fixed
Date Created: 28-04-2004
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1050863
Date Registered: 09-06-2004
Charge type: Fixed
Date Created: 07-06-2004
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1059200
Date Registered: 08-07-2004
Charge type: Fixed
Date Created: 01-07-2004
Chargees Name: CBFC LIMITED Unsatisfied Charges:
ASIC Charge Number: 868091
Date Registered: 12-06-2002
Charge type: Fixed
Date Created: 27-05-2002
Chargees Name: CBFC LIMITED
ASIC Charge Number: 914796
Date Registered: 08-01-2003
Charge type: Fixed
Date Created: 20-12-2002
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 967208
Date Registered: 08-08-2003
Charge type: Fixed
Date Created: 21-07-2003
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 1262329
Date Registered: 27-01-2006
Charge type: Fixed
Date Created: 20-01-2006
Chargees Name: TOYOTA FINANCE AUSTRALIA LTD
ASIC Charge Number: 1338429
Date Registered: 02-08-2006
Charge type: Fixed
Date Created: 20-07-2006
Chargees Name: CAPITAL FINANCE AUSTRALIA LIMITED
ASIC Charge Number: 1516897
Date Registered: 21-09-2007
Charge type: Fixed
Date Created: 29-08-2007
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1612721
Date Registered: 31-03-2008
Charge type: Fixed
Date Created: 20-02-2008
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number:
1676488
Date Registered:
07-08-2008
Charge type: Fixed
Date Created:
30-07-2008
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number:
1703943
Date
Registered: 08-10-2008
Charge type: Fixed
Date Created:
01-10-2008
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number:
1755624
Date Registered:
12-02-2009
Charge type: Fixed
Date Created:
03-02-2009
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number:
1764507
Date Registered:
11-03-2009
Charge type: Fixed
Date Created:
25-02-2009
Chargees Name:
WESTPAC BANKING CORPORATION
ASIC Charge Number:
1772869
Date Registered:
02-04-2009
Charge type: Both
Fixed & Floating
Date Created:
20-03-2009
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number:
1958304
Date Registered:
14-04-2010
Charge type: Fixed
Date Created:
31-03-2010
Chargees Name:
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number:
2036981
Date Registered:
25-08-2010
Charge type: Fixed
Date Created:
16-08-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number:
2124658
Date Registered:
01-02-2011
Charge type: Both
Fixed & Floating
Date Created:
13-01-2011
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy fillings :
None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Provided by the Subject
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 1.00 as of 30-11-2011
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 7,000,000
Comments : The estimated turnover was provided by
Ms. Suzette Louise Scanlon.
The Subject is classified
as a small proprietary company by the Australian Securities & Investments
Commission hence is not required to disclose their financial statement.
A proprietary
company is defined as small for a financial year if it satisfies at least two
of the following:
- The
consolidated revenue for the financial year of the company and any entities it
controls is less than $25 million;
-The value of
the consolidated gross assets at the end of the financial year of the company
and any entities it controls is less than $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities : The Subject is engaged in providing
commercial printing services.
In addition, the
Subject also provides warehousing and logistics service for their clients.
Product & services : Promotional printing Publications
printing Packaging printing Labels printing
Warehousing and logistics services
Purchases
Local : Yes
International :
Planning to import from Taiwan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of printing facilities,
warehouse and administrative office.
Branches : None reported.
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
Local : Prepayment, Credit 60-90 days
International : Credit 60-90 days
Sales Term
Local : Credit 45 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.51.65 |
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UK Pound |
1 |
Rs.81.06 |
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Euro |
1 |
Rs.69.51 |
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.