MIRA
INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALIAN GRAPHIC SUPPLIES PTY LTD |
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Registered Office : |
Unit 1, 38 Neumann Road Capalaba Queensland 4157 |
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Country : |
Australia |
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Date of Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
082517691 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of consumables, software, digital printing, and material converting equipment used in the visual graphics industry. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 340,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
IDENTIFICATION DETAILS
Verified Address
Subject name : AUSTRALIAN GRAPHIC SUPPLIES PTY LTD
Other style / Business name : POWER DIGITAL SIGN SYSTEMS
Business address : Unit 1, 38 Neumann Road
Town : Capalaba
Province : Queensland
Zip/postal code : 4157
Country : Australia
Tel : +61 7 38236000
Fax : +61 7 33903546
Website : www.ags.com.au
Registered address : C/o IMPERIUM CAPITAL GROUP PTY LTD
Level 12, 600 St Kilda Road
Town : Melbourne
Province : Victoria
Zip/postal code : 3004
Country : Australia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 05/05/1998
Legal form : Australian Proprietary Company
Chief executive : Luke Naumann
Issued & paid up capital : AUD 100
Sales turnover : AUD 12,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Import and distribution of consumables, software, digital printing, and material converting equipment used in the visual graphics industry.
Staff employed : 37 employees
CREDIT RISK OPINION
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 340,000
Credit amount asked : Not described.
STATUTORY DETAILS
Registry Data
Registration date : 05/05/1998
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 082517691
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 81082517691
Registry status : Live/Active
Previous name : AUSTRALIAN SIGN SUPPLIES (QLD) PTY LTD ORAPEX PTY LTD (initial)
Change of legal form : None reported.
Other registration : POWER DIGITAL SIGN SYSTEMS is a business name owned by the Subject registered on 17/08/1998 under business number: QLD BN6994805.
MANAGEMENT / DIRECTORS
Key Management
Name : Andrew Lawton Cox
Designation : Managing Director
Name : Luke Naumann
Designation : General Manager
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Andrew Lawton Cox
Designation : Director
Appointment date : 14/06/06
Address : 3 Moule Avenue
Brighton, VIC 3186
Australia
Biography : Born on 17-11-1967 in Christchurch, New Zealand.
Andrew has over 22 years business management experience in organisational change, corporate finance and marketing. Prior to establishing the Imperium Group, Andrew was a Director of KPMG Corporate Finance where he specialised in International Mergers and Acquisitions his clients included Telstra Corporation Limited, Fosters Group Limited, Tabcorp Limited and Coles Myer Limited. Andrew has previously held senior executive finance positions with Coles Myer Limited, J Boag and Son Limited where he was General Manager Finance and Corporate Affairs, and with HSBC Plc where he was Corporate Banking Manager in Christchurch New Zealand.
Name : Gavin Donald Coote
Designation : Director
Appointment date : 01/10/07
Address : 8 Karoola Street
Hampton, VIC 3188
Australia
Biography : Born on 28-10-1967 in Melbourne, Victoria, Australia.
Gavin has over 23 years business experience in corporate mergers, acquisitions, venture capital, planning and analysis, turnarounds and operational restructurings in the United States and Australia. His Company experience includes start-up through billion dollar plus revenue businesses in import / distribution, technology, software, financial services, hospitality, and healthcare, operating in business to consumer and business to business product markets. Gavin completed his MBA at the University of Michigan (USA), and
Bachelor of Economics at Monash University. Gavin obtained his CPA during his 6 years with Price Waterhouse in Melbourne, San Jose California and Chicago Illinois (USA).
Name : Leslie Kleinheksel Coote
Designation : Company Secretary
Appointment date : 08/04/11
Address : 8 Karoola Street
Hampton, VIC 3188
Australia
Biography : Born on 28-06-1966 in South Haven, Michigan, United States.
Leslie has extensive transaction experience advising on mergers, acquisitions and divestitures, equity, debt and private placement offerings while working for Credit Suisse First Boston investment bank in Chicago Illinois (USA) where she held the position of Vice President, and was also Chief Operating Officer of the Firm’s Technology Group in Palo Alto California. Leslie obtained her CPA
and had 5 years of auditing experience working for Price Waterhouse in San Jose, California (USA). Leslie completed her MBA at the J.L. Kellogg School of Management at Northwestern University (honours) in Chicago and her Bachelor of Arts (Human Biology) at Stanford University in California. Leslie is currently completing a Graduate Diploma in Corporate Governance with Chartered Secretaries Australia in Melbourne.
Staff employed : 37 employees
SHARE CAPITAL
Composition
Authorized Capital :
AUD 100
No of shares : 100 Ordinary Shares
Share par value :
AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name : IMPERIUM SIGNAGE GROUP ASIA PACIFIC HOLDINGS PTY LTD
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
RELATED COMPANIES &
CORPORATE AFFILIATIONS
Structure
Name : IMPERIUM CAPITAL GROUP PTY LTD
Affiliation type : Ultimate Holding Company
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
Comments : Imperium Capital Group of Companies is a privately held investment group, established in 1996 with a focus on the acquisition and re-engineering of companies that fit within its strategy of acquiring businesses in the late stage start up, growth, mature or sunset phase of their economic lifecycle.
Name : IMPERIUM SIGNAGE GROUP ASIA PACIFIC HOLDINGS PTY LTD
Affiliation type : Parent Company
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
Comments : Holding Company.
Name : AUSTRALIAN SIGNAGE AND INDUSTRIAL PLASTICS PTY LTD
Affiliation type : Sister Company
Address : Unit 1, 38 Neumann Road
Capalaba, QLD 4157
Australia
Comments : Australian Signage & Industrial Plastics Pty Ltd (“ASIP”) is an importer and distributor of solid sheet plastics (or substrates) including flexible / rigid / semi rigid plastic sheets made from a range of raw materials including aluminium and polyethylene composites, thermoplastic polymers (polycarbonates), polypropylene, Polyvinyl Chloride (PVC), and Polymethyl methacrylates (Acrylic). These products are distributed by ASIP into a variety of industries including building, packaging, glazing, display, industrial fabrication. End use applications include waterproofing, tank linings, ventilation hoods, electrical switchboards, pylon signage, sky lights, car windshields, machine guards, aquariums, fascia, vending machines, and safety visors.
Name : TGI FRIDAYS ASIA PACIFIC PTY. LTD.
Affiliation type : Sister Company
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
Comments : Imperium acquired the rights to the T.G.I. Friday's franchise in Australia along with three restaurants - Jam Factory South Yarra, Doncaster Shoppingtown and Epping Shopping Centre from J Boag and Son Limited in August 2002. In addition Imperium secured the rights to the T.G.I. Friday's brand in New Zealand from T.G.I. Friday's Inc. Imperium opened its fourth restaurant at Southland Shopping Centre in 2005.
T.G.I. Friday's is the worlds largest full service casual dining chain with in excess of 750 restaurants in over 55 countries. T.G.I. Friday's was established in New York in 1965 and arrived in Australia in 1995 with the opening of the first restaurant at the Jam Factory site in Chapel Street, South Yarra.
Name : PRAETORIAN CORPORATE FINANCE PTY LTD
Affiliation type : Sister Company
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
Comments : Fund management, underwriting and debt financing.
Name : GARAGE SMART ASIA PACIFIC PTY. LTD.
Affiliation type : Sister Company
Address : 156 Cochranes Road
Moorabbin, VIC 3189
Australia
Comments : Distributor of home storage solutions.
Name : WARDROBE WORLD AUSTRALIA PTY LTD
Affiliation type : Sister Company
Address : 156 Cochranes Road
Moorabbin, VIC 3189
Australia
Comments : Wardrobe design, wardrobe organisation, wardrobe shelving and wardrobe systems.
Name : EICHARDT'S HOTEL MANAGEMENT LIMITED
Affiliation type : Sister Company
Address : Marine Parade
Queenstown 9300
New Zealand
Comments : Operator of the Eichardt's Private Hotel.
Imperium acquired Eichardt’s Private Hotel in December 2010, making it the first New Zealand based investment for the Group. Eichardt's Private Hotel provides fine accommodation in five luxurious Hotel Suites and four Lakefront Cottage Suites located in the historic district on a premium lakefront position at the heart of Queenstown's café and restaurant precinct. The Hotel dates back to the goldrush era of the mid to late 19th century and is an historical icon of New Zealand’s South Island.
BANK & MORTGAGES
Bank Details
Name of bank : Suncorp Bank
Address : Australia
Account details : Current Account
Comments : It is generally not the policy of local banks to provide credit status information to non related parties, however interested parties would be advised to consult first with the Subject if banker's references are required.
Mortgages : Satisfied Charges:
ASIC Charge Number: 678871
Date Registered: 11-01-1999
Charge type: Both Fixed & Floating
Date Created: 08-01-1999
Chargees Name: SCOTTISH PACIFIC BUSINESS FINANCE PTY. LIMITED
ASIC Charge Number: 791180
Date Registered: 15-03-2001
Charge type: Fixed
Date Created: 15-02-2001
Chargees Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 860855
Date Registered: 07-05-2002
Charge type: Fixed
Date Created: 05-04-2002
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 867753
Date Registered: 07-06-2002
Charge type: Fixed
Date Created: 23-05-2002
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 910978
Date Registered: 19-12-2002
Charge type: Fixed
Date Created: 26-11-2002
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 962072
Date Registered: 21-07-2003
Charge type: Fixed
Date Created: 13-06-2003
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
ASIC Charge Number: 992222
Date Registered: 28-10-2003
Charge type: Fixed
Date Created: 10-10-2003
Chargees Name: ESANDA FINANCE CORPORATION LIMITED
Unsatisfied Charges:
ASIC Charge Number: 1326857
Date Registered: 14-07-2006
Charge type: Both Fixed & Floating
Date Created: 14-06-2006
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
FINANCIAL DATA
Description
Source of financial statement : Provided by the Subject
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 03/11/2011
Summarized Financial
Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 12,000,000
Comments : The estimated turnover was provided by Mr. Luke Naumann.
The Subject is classified as a small proprietary company by the Australian Securities & Investments Commission hence is not required to disclose their financial statement.
A proprietary company is defined as small for a financial year if it satisfies at least two of the following:
- The consolidated revenue for the financial year of the company and any entities it controls is less than $25 million;
-The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is less than $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the end of the financial year.
OPERATION
DETAILS
Main activities : The Subject is engaged in imports and distribution of consumables, software, digital printing, and material converting equipment used in the visual graphics industry. Its e-store offers A and T-boards, accessories tools, adhesive tapes, application tapes, inkjet media, computer-cut films, display hardware, equipment sales, digital printing inks, mounting systems, laminating supplies, paint and accessories, point of sale hardware, screen printing films, solvent inkjet media, specialty films, and thermal transfer supplies. The company serves sign-making, screen printing, exhibition, display, shop fitting, printing, and point-of-sale businesses in Australia. Subject serves sign-making, screen printing, exhibition, display, shop fitting, printing, and point-of-sale businesses in Australia.
The Subject is ultimately owned by Imperium Capital Group of Companies. Imperium Capital Group of Companies is a privately held investment group, established in 1996.
Imperium Capital Group of Companies includes a number of diversified investment companies such as:
- T.G.I. Friday's Asia Pacific
- Eichardt's Private Hotel
- GarageSmart Asia Pacific
- Wardrobe World
- Australian Signage & Industrial Plastics
- Praetorian Corporate Finance Pty Ltd
Product & services : A and T-Boards
Accessories & Tools
Adhesive Tapes: Masking Tape and Poster Mounting Tapes
Application Tapes
Aqueous Inkjet Media: Canvas and Adhesive Vinyl and Films
Computer-Cut Films
Display Hardware
Equipment Sales: Cold Laminating Machines , Matan Thermal Transfer
Printers and Mimaki Vinyl Cutters
Inks - Digital Printing Laminating Supplies Paint and Accessories Screenprinting Films Solvent Inkjet Media Specialty Films
Thermal Transfer Supplies
Brand : VIZION
ORABOND
ORAJET
ORACAL
VINYL
MIMAKI
TECHINK
VIPONDS
Purchases
International : Asia, Europe, United States
Sales
Local : Yes
International : No exports.
Key events : April 2010
Australian Graphic Supplies Pty Ltd (“AGS”) acquired the business and assets of Power Digital Sign Supplies in April, 2010. The former Power Digital business and trading name will continue as the brand for the market leading dye sublimation and heat transfer products which are now
marketed and distributed throughout Australia by Australian Graphic Supplies. The acquisition of Power Digital has also seen AGS become an Authorised Reseller for the full range of Mimaki signage graphics printers, cutters and routers in Queensland, New South Wales and Australian Capital Territory.
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of warehouse and administrative office.
Branches : In addition, the Subject operates from branch offices located at:
172 Newton Rd
Wetherill Park, NSW 2170
Australia
Tel: 1300132677
Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Australia
61 3 95160030
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product - GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate : 2008: 4.2%
2009: 5.6%
2010: 5.2%
Public debt
(General Government gross
debt as a % GDP) : 2008: 11.6%
2009: 17.6%
2010: 22.3%
Government bond ratings : Standard & Poor's: AAA/Stable/A-1+
Moody's rating: Aaa
Moody's
outlook: STA
Market value of publicly traded shares : US$1.258 trillion
Largest companies in the country : Commonwealth Bank (Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials), National Australia Bank (Banking),
ANZ Banking (Banking), Telstra (Telecommunications)
Trade & Competitiveness Overview
Total exports : US$210.7 billion
Exports commodities : coal, iron ore, gold, meat, wool, alumina, wheat
Total imports : US$187.2 billion
Imports commodities : machinery and transport equipment, computers and office machines, telecommunication equipment and parts, crude oil and petroleum products
Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners : China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows : 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows : 2007: US$16,822 million
2008: US$32,819 million
2009: US$18,426 million
Best countries for doing business: 10 out of 183 countries
Global competitiveness ranking : 16 (ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population : 22.23 million
Total area : 7,692,024 km2
Capital : Canberra
Currency : Australian dollars (AUD)
Internet users as % of total population: 74.00%
PAYMENT HISTORY
Purchase Term
International : L/C, Prepayment, Credit 30-60 days
Sales Term
Local : Prepayment, Credit 30-60 days
Trade Reference/ Payment
Behaviour
Comments : As local and international trade references were not supplied, the Subject's payment track record history cannot be appropriately determined but based on our research, payments are believed to be met without delay.
Investigation Note
Sources : Interviews and material provided by the Subject
: Other official and local business sources
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.37 |
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|
1 |
Rs.78.49 |
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Euro |
1 |
Rs.67.59 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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.