MIRA INFORM REPORT

 

 

Report Date :           

31.05.2011

 

IDENTIFICATION DETAILS

 

Name :

ALTSHUL PRINTERS PTY LTD

 

 

Formerly Known As :

Crossarc P/L

 

 

Registered Office :

'Rialto Towers' Level 29, 525 Collins Street, Melbourne, Vic 3000

 

 

Country :

Australia

 

 

Date of Incorporation :

09.04.1991

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Subject operates in the Sands is one of Australia’s largest print and graphic providers

 

 

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 

 

ALTSHUL PRINTERS PTY LTD

ACN: 051 617 899

ABN: 90 051 617 899

 

     

CORPORATE SEARCH

 

Incorporation State: VIC

 

Incorporation Date: 09 APR 1991

 

Registered Office

'RIALTO TOWERS' LEVEL 29,

525 COLLINS STREET,

MELBOURNE

VIC 3000

 

Registered Charges: 6

1720774

Registered 18 NOV 2008

Fixed

COMMONWEALTH BANK OF AUSTRALIA (123123124)

 

1720785

Registered 18 NOV 2008

Fixed

COMMONWEALTH BANK OF AUSTRALIA

 

1720773

Registered 18 NOV 2008

Fixed

COMMONWEALTH BANK OF AUSTRALIA (123123124)

 

1308486

Registered 06 JUN 2006

Fixed

WESTPAC BANKING CORPORATION (007457141)

 

1299540

Registered 12 MAY 2006

Fixed

CBFC LIMITED (008519462)

 

796872

Registered 26 APR 2001

Both Fixed and Floating

COMMONWEALTH BANK OF AUSTRALIA (123123124)

 

Current Directors Total: 2

 

ERNEST LEWIN – Appointed: 07 MAY 1991

341 DANDENONG Road ARMADALE, Victoria 3143

DOB: 13 FEB 1936

 

MENACHEM MANNIE STUB – Appointed: 07 MAY 1991

146 KOOYONG Road CAULFIELD, Victoria 3162

DOB: 23 MAR 1950

 

Current Secretaries Total: 3

 

JONATHAN ISAAC LEWIN – Appointed: 10 MAY 2011

MENACHEM MANNIE STUB – Appointed: 07 MAY 1991

ERNEST LEWIN – Appointed: 07 MAY 1991

 

Share Structure - Classes Total: 1

 

ORD ORDINARY SHARES: 3 – Amount paid: $3

 

Shareholders Total: 4

 

ORD 1 -  ERNEST LEWIN

ORD 1 - MENACHEM MANNIE STUB

ORD 1 -SUPRAY NOMINEES PROPRIETARY LIMITED

ORD 1 -JESLANDS INVESTMENTS PTY. LTD.

 

 

BUSINESS STRUCTURE

 

TRADING ADDRESS                 Corner of Boundary Rd & West Park Drive

                                                DERRIMUT, VIC                                   

 

TELEPHONE                             (613) 9489 1000

           

FACSIMILE                               (613) 9489 1444

 

TRADING STYLE                       SANDS PRINT GROUP

 

BANK                                       COMMONWEALTH BANK OF AUSTRALIA

                                               

EMPLOYEES                            120      

 

 

BACKGROUND

 

The subject was incorporated in Victoria on 9 April 1991 as Crossarc P/L before adopting the current style on 15 May 1991.

 

The subject has origins that date back 150 years.

 

In 2001 Altshul Printers joined with Sands Print Group.

 

 

OPERATIONS

 

The subject operates in the Sands is one of Australia’s largest print and graphic providers.

 

The subjects activities include design, printing, prepress, warehousing, logistics and distribution.

 

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 Financial Controller Jonathan Llewyn, he advised that the subject has been trading profitably however declined to release any details pertaining to the subject’s financial position.

 

Subsequently details in this regard were unable to be obtained 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:

 

1.         (Spicers Paper) Purchases average $100,000 per month on 65 day terms. Payment is met in 65 days and the account is considered satisfactory.

 

2.         (KW Doggett) Nominated supplier failed to respond to correspondence despite chasing.

 

3.         Nominated supplier failed to respond to correspondence despite chasing.

 

SUMMARY

 

The subject was incorporated in Victoria on 9 April 1991 as Crossarc P/L before adopting the current style on 15 May 1991.

 

The subject has origins that date back 150 years.

 

Details pertaining to the subject’s financial position were unable to be obtained for the current enquiry.

 

Enquiries in trade quarters revealed satisfaction from suppliers contacted in dealing with the subject on a credit basis.

 

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.10

UK Pound

1

Rs.74.27

Euro

1

Rs.64.35

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.