MIRA INFORM REPORT

 

 

Report Date :           

18.06.2011

 

IDENTIFICATION DETAILS

 

Name :

NEWSTYLE PRINTING CO PTY LTD

 

 

Registered Office :

305 Unley Road, Malvern, Sa 5061

 

 

Country :

Australia

 

 

Date of Incorporation :

13.08.1973

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Commercial Offset Printers Producing Full Colour, Large and Small Print Run Production

 

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 

 

NEWSTYLE PRINTING CO PTY LTD

 

ACN: 007 749 706

ABN: 52 007 749 706

 

 

CORPORATE SEARCH

 

Incorporation State: SA

 

Incorporation Date: 13 AUG 1973

 

 Registered Office

305 UNLEY ROAD,

MALVERN

SA 5061

 

Registered Charges: 2

Both Fixed &Floating

LLOYD WATTS PTY. LTD. (007846255)

1211446

Registered 28 SEP 2005

 

962713

Registered 23 JUL 2003

Fixed

CBFC LIMITED (008519462)

 

Current Directors Total: 2

 

BARBARA LESLEY RICHARDS – Appointed: 07 APR 1976

13 WOODLAND Road SPRINGFIELD, SA

DOB: 08 AUG 1952

 

IAN LLOYD RICHARDS – Appointed: 15 AUG 973

13 WOODLAND Road SPRINGFIELD, SA

DOB: 23 DEC 1947

Current Secretaries Total: 1

 

BARBARA LESLEY RICHARDS – Appointed: 07 APR 1976

Share Structure - Classes Total: 3

 

B CLASS B: 3000 – Amount paid: $3,000

C CLASS C: 4000– Amount paid:  $4,000

A CLASS A: 3000– Amount paid:  $3,000

 

Shareholders Total: 6

 

B 2700 - IAN LLOYD RICHARDS

A 2700 - IAN LLOYD RICHARDS

A 300 - KYM CHRISTOPHER BURNS

B 300 - KYM CHRISTOPHER BURNS

C 3600 - LLOYD WATTS PTY. LTD.

C 400 - KYM CHRISTOPHER BURNS

           

                                   

BUSINESS STRUCTURE

 

TRADING ADDRESS     41 t0 43 Manchester St

                                    MILE END SOUTH, SA 5031                             

 

TELEPHONE                 (618) 8234 6155

 

FACSIMILE                   (618) 8234 6115

 

BANK                           Not determined

                                               

EMPLOYEES                80        

 

 

BACKGROUND

 

The subject was incorporated in South Australia on 13 August 1973 under the current style.

 

The subject was established by Ian Richards Managing Director in 1972.

 

In 1992 the subject moved to purpose-built 4,000 sq metre premises at Mile Ends.

 

 

OPERATIONS

 

The subject operates as commercial offset printers producing full colour, large and small print run productions.

 

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 Director Ian Richards, he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was released.

 

Subsequently details pertaining to the subjects trading and financial position were 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 South Australia on 13 August 1973 under the current style.

 

The subject was established by Ian Richards Managing Director in 1972.

 

Details pertaining to the subjects trading and financial position were unable to be obtained for the current enquiry.

                                               

                                               


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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.