MIRA INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
PLATYPUS GRAPHICS PTY LTD |
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Formerly Known As : |
Noxcorp P/L |
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Registered Office : |
Hanrick Curran Level 9, 324 Queen Street, Brisbane, Qld 4000 |
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Country : |
Australia |
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Date of Incorporation : |
07.06.1989 |
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Legal Form : |
Proprietary Company |
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Line of Business : |
provider of print and packaging products and
services |
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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Exists |
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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
REGISTERED NAME
PLATYPUS GRAPHICS PTY
LTD
ACN:
010 942 417
ABN: 89 010 942 417
CORPORATE SEARCH
Incorporation
State: QLD
Incorporation
Date: 07 JUN 1989
Registered Office
HANRICK CURRAN
LEVEL 9,
324 QUEEN STREET,
BRISBANE
QLD 4000
Registered
Charges: 2
2016153
Registered 14 JUL
2010
Fixed
NATIONAL AUSTRALIA
BANK LIMITED (004044937)
Both Fixed &
Floating
COMMONWEALTH BANK
OF AUSTRALIA (123123124)
790777
Registered 14 MAR
2001
Current Directors
Total: 1
THOMAS CLAUDE
LUSCH – appointed: 29 JUN 1989
36 DUNEDOO Street
STAFFORD, Queensland 4053
DOB: 05 JAN 1955
Share Structure -
Classes Total: 1
ORD1 ORDINARY
SHARES: 120 – amount paid: $120
Shareholders
Total: 1
ORD1 120 - DRAYGON
PTY. LIMITED
BUSINESS STRUCTURE
TRADING ADDRESS 24 Webster Rd
STAFFORD,
QLD 4053
TELEPHONE (617) 3352 0300
FACSIMILE (617) 3856 4159
HOLDING ENTITY DRAYGON P/L
EMAIL accounts@platypusgraphics.com
BANK Not determined
EMPLOYEES 82
BACKGROUND
The subject was incorporated
in Queensland on 7 June 1989 as Noxcorp P/L before adopting the current style
on 20 September 1989.
Operations were
established in 1985.
OPERATIONS
The subject operates as a provider of print and packaging products and
services.
The subject prints a range of large and small format publications and
design and construct packaging solutions for the display, promotional and
retail markets.
Activities are
conducted from premises located at the above listed trading address.
ADVERSE
A search of traced the following adverse findings listed against the subject at that date.
Court Actions
Date : 04.09.2008
Creditors name : Manpower Services Aust Pty Limited
Amount : $11,473
Plaintiff No. : 2284/08/QBNE
Association Code : Companys Account
Court Code : Magistrates Court Judgment
Status : Paid 08.09.2008
FINANCES
The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.
During the current investigation contact with the subject’s financial controller, Johanne Grancourt, was unable to be established. Despite messages being left, no reply has been received. Eventually it was advised that any queries pertaining to the subject should be forwarded to her in writing to accounts@platypusgraphics.com.au. An email has been sent however no reply has been received.
As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.
The subject is noted to maintain financing facilities with the National Australia Bank and Commonwealth Bank which are secured by registered charges.
During a later interview conducted with the subjects Financial Controller Johanne Grancourt she advised that for the last financial year ended 30 June 2010 the subject recorded a profit of $1,300,000.
Further details pertaining to the subject’s financial position were not released for the current enquiry.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
TRADE SURVEY
A trade survey on the subject traced the following accounts:
· (Daltons Paper) Purchases average $30,000 and range up to $100,000 per month on 30 day terms. Payment is met in 30 days and the account is considered satisfactory, having been known over 20 years.
· (CPI) Nominated supplier declined to provide a reference owing to company policy.
· (KW Doggetts) Nominated supplier failed to respond to correspondence despite chasing.
SUMMARY
The subject was incorporated in Queensland on 7 June 1989 as Noxcorp P/L before adopting the current style on 20 September 1989.
Operations were established in 1985.
For the last financial year ended 30 June 2010 the subject recorded a profit of $1,300,000.
Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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UK Pound |
1 |
Rs.74.31 |
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Euro |
1 |
Rs.64.40 |
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.