MIRA INFORM REPORT

 

 

Report Date :           

01.06.2011

 

IDENTIFICATION DETAILS

 

Name :

VEGA COLOUR GROUP PTY LTD

 

 

Formerly Known As :

S R Frankland P/L

 

 

Registered Office :

274 Ferntree Gully Road, Notting Hill, Vic 3168

 

 

Country :

Australia

 

 

Date of Incorporation :

26.10.1999

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Commercial Offset 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 – 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      

 

VEGA COLOUR GROUP PTY LTD

ACN: 090 131 267

ABN: 88 119 578 289

 

 

CORPORATE SEARCH

 

Incorporation State: VIC

 

Incorporation Date: 26 OCT 1999

 

Registered Office

274 FERNTREE GULLY ROAD,

NOTTING HILL

VIC 3168

 

Registered Charges: 8

1930842

Registered 19 FEB 2010

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1765981

Registered 16 MAR 2009

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1590192

Registered 18 FEB 2008

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1471389

Registered 22 JUN 2007

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1444572

Registered 23 APR 2007

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

1380619

Registered 20 NOV 2006

Fixed

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

934540

Registered 08 APR 2003

Both Fixed and Floating

NOOJ ENTERPRISES PTY. LTD. (102691485)

 

750785

Registered 02 JUN 2000

Both Fixed &Floating

NATIONAL AUSTRALIA BANK LIMITED (004044937)

 

Current Directors Total: 1

 

PETER GUDE - Appointed: 26 OCT 1999

727 CANTERBURY Road SURREY HILLS, Victoria

DOB: 10 SEP 1942

 

Current Secretaries Total: 1

 

PETER GUDE - Appointed: 26 OCT 1999

 

Share Structure - Classes Total: 1

 

ORD1 ORDINARY SHARES: 12 – Amount paid: $12

 

Shareholders Total: 1

 

ORD 12 - PETER GUDE

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 274 Ferntree Gully Rd

                                                NOTTING HILL, VIC 3168           

 

POSTAL ADDRESS                   PO Box 618

                                                MT WAVERLEY, VIC 3149                    

 

TELEPHONE                             (613) 8542 1222

 

BANK                                       NATIONAL AUSTRALIA BANK

                                               

EMPLOYEES                            Not determined 

 

BACKGROUND

 

The subject was incorporated in Victoria on 26 October 1999 as Shandeen P/L changing name on 24 March 2000 to Vega Colour P/L changing name on 9 May 2000 to S R Frankland P/L before adopting the current style on 23 January 2003.

 

Operations were established in 1960 by Phillip Gude.

 

In 1966 Peter Gude joined the business and became Managing director in 1982.

 

 

OPERATIONS

 

The subject operates as commercial offset printers.

 

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

 

 

ADVERSE

                                               

A search of of on 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 Financial Controller he declined to confirm or release any details pertaining to the subject unless the source of the enquiry was released.

 

Subsequently information pertaining to the subjects operating trading and financial position was unable to be obtained for the current enquiry.

 

 

TRADE SURVEY

 

Details pertaining to the subjects suppliers were not provided for the current enquiry.

 

A trade survey on the subject was subsequently unable to be conducted.

 

 

 

 

 

SUMMARY

 

The subject was incorporated in Victoria on 26 October 1999 before adopting the current style on 23 January 2003.

 

Operations were established in 1960 by Phillip Gude.

 

Information pertaining to the subjects operating trading and financial position was unable to be obtained for the current enquiry.

                                               


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.