MIRA INFORM REPORT

 

 

Report Date :           

01.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

THE SOS PRINT AND MEDIA GROUP (AUSTRALIA) PTY LTD

 

 

Formerly Known As :

The SOS Printing Group (Australia) P/L

 

 

Registered Office :

63 Burrows Road Alexandria, New South Wales 2015

 

 

Country :

Australia

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

10.01.1977

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Service provider of Offset printing; Digital printing;Finishing and binding; Warehousing and distribution; Pre-media and IT services and Print Management.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Australia

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

                                                                                               


REGISTERED NAME 

 

THE SOS PRINT AND MEDIA GROUP (AUSTRALIA) PTY LTD

ACN: 001 430 093

ABN: 80 001 430 093

 

     

CORPORATE SEARCH

 

Incorporation Date: 10 Jan 1977

 

Incorporation State: New South Wales

 

Registered Office

63 BURROWS Road ALEXANDRIA, New South Wales 2015 Australia

 

Number of Shares Issued: 50000

 

Paid Capital: 50000

 

Shareholders

Shareholder Name: BANTYVILLE PTY. LIMITED

Number of Shares: 16666

 

Shareholder Name: LINAGLADE PTY. LIMITED

Number of Shares: 16666

 

Shareholder Name: LORFARE PTY. LIMITED

Number of Shares: 16666

 

Shareholder Name: BANTYVILLE PTY. LIMITED AND OTHERS

Number of Shares: 2

 

Current Directors

Director Name: VON FABER-CASTELL, ANDREAS GRAF

Appointment Date: 10 Jan 1977

Date of Birth: 01 Jun 1946

Gender: Male

Address: 395 BOBBIN HEAD Road NORTH TURRAMURRA, New South Wales 2074 Australia

Resident Overseas: No

 

PEEL, MICHAEL DESMOND

Appointment Date: 10 Jan 1977

Date of Birth: 14 Sep 1944

Gender: Male

Address: 61 STANHOPE Road KILLARA, New South Wales 2071 Australia

Resident Overseas: No

 

Director Name: GARDNER, ROBERT JAN

Appointment Date: 10 Jan 1977

Date of Birth: 25 Oct 1940

Gender: Male

Address: 56/23 BRUCE Avenue KILLARA, New South Wales 2071 Australia

Resident Overseas: No

 

Secretary

Secretary Name: MICHAEL DESMOND PEEL

Appointment Date: 10 Jan 1977

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 63 Burrows Rd

                                                ALEXANDRIA, NSW 2015                                 

 

TELEPHONE                             (612) 9549 2100

 

FACSIMILE                               (612) 9549 2111

 

ASSOCIATED ENTITY               CPX PTY LTD   

 

BANK                                       Not determined

                                               

EMPLOYEES                            117

 

 

BACKGROUND

 

The subject was incorporated in New South Wales on 10 January 1977 as Service Office Supplies P/L changing name eon 13 March 1981 to SOS Instant Printing P/L changing name on 10 January 1990 to The SOS Printing Group (Australia) P/L before adopting the current style on 30 September 2004.

 

Operations were founded in 1976.

 

OPERATIONS

The subject operates as a privately owned print company. The subjects provides the following services

 

·         Offset printing;

·         Digital printing;

·         Finishing and binding;

·         Warehousing and distribution;

·         Pre-media and IT services and

·         Print Management.

 

The subject maintains a comprehensive equipment list in offset and digital printing and in finishing. Most recent additions include a second ten colour press (2008), two OCE 6250 high speed production printers and a third perfect binder.

 

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

 

From the subjects most recently lodged financial statements, it is noted that for the financial year ended 30 June 2010 the subject recorded revenue of $28,363,438, which resulted in an operating profit before tax of $339,192 and an operating profit after tax of $222,606 representing a Net Profit Margin of 0.78%.

 

Below is a summary of the subject’s income results for the past two financial years.

 

 

The SOS Print & Media Group (Australia) Pty Ltd

 

As at 30 June 2010

As at 30 June 2009

Change (%)

Revenue

$28,363,438

$28,342,745

0.07%

Profit b/tax

$339,192

$36,382

832.31%

Profit a/tax

$222,606

($132,007)

-268.63%

Net Profit Margin

0.78%

-0.47%

1.25%

 

In July 2010 the subject acquired cross media company U&I direct. U&I create cross media campaigns and online solutions for a wide range of customers from real estate to the entertainment sector.

 

During fiscal 2010, the subject recorded Net Cashflows from operating activities totalling $2,460,532.

 

As at 30 June 2010 the subject recorded total current assets of $7,816,248. They included cash of $2,014,538 and receivables of $4,629,733.

 

Current liabilities at the same date totalled $6,013,509 and included payables of $3,709,600 and provisions of $1,193,455.

 

As at 30 June 2010 the subject recorded Working Capital of $1,802,739 and a current ratio of 1.3 to 1 indicating satisfactory liquidity levels.

 

Net Assets totalled $4,236,553 as at 30 June 2010. At this date, the subject further recorded a Debt to Equity ratio of 2.47 to 1.

 

 

The SOS Print & Media Group (Australia) Pty Ltd

 

As at 30 June 2010

As at 30 June 2009

Change (%)

Revenue

$28,363,438

$28,342,745

0.07%

Profit b/tax

$339,192

$36,382

832.31%

Profit a/tax

$222,606

($132,007)

-268.63%

Net Profit Margin

0.78%

-0.47%

1.25%

Current Assets

$7,816,248

$8,293,911

-5.76%

Non-Current Assets

$6,872,446

$7,775,961

-11.62%

Total Assets

$14,688,694

$16,069,872

-8.59%

Current Liabilities

$6,013,509

$6,651,887

-9.60%

Non-Current Liabilities

$4,438,632

$5,104,038

-13.04%

Total Liabilities

$10,452,141

$11,755,925

-11.09%

Net Assets

$4,236,553

$4,313,947

-1.79%

Working Capital

$1,802,739

$1,642,024

9.79%

Current Ratio

1.3

1.25

4.25%

Debt to Equity

2.47

2.73

-9.47%

 

TRADE SURVEY

 

During the current investigation, contact with the subject’s principals was unable to be established.

 

Subsequently details pertaining to the company’s suppliers were unable to be obtained and a trade survey could not be conducted.

 

 

SUMMARY

 

The subject was incorporated in New South Wales on 10 January 1977 before adopting the current style on 30 September 2004.

 

Operations were founded in 1976.

 

For the financial year ended 30 June 2010 the subject recorded revenue of $28,363,438, which resulted in an operating profit before tax of $339,192 and an operating profit after tax of $222,606 representing a Net Profit Margin of 0.78%.

 

As at 30 June 2010 the subject recorded Working Capital of $1,802,739 and a current ratio of 1.3 to 1 indicating satisfactory liquidity levels.

 

Net Assets totalled $4,236,553 as at 30 June 2010.

 

                                               


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.03

UK Pound

1

Rs.74.43

Euro

1

Rs.64.75

 

 

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.