MIRA INFORM REPORT
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Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FOCUS PRESS PTY LIMITED |
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Formerly Known As : |
OFFSET PRINTING CO. PTY LIMITED |
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Registered Office : |
Level
1, 225 George Street, Sydney, New South Wales, Zip/postal code 2000 |
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Country : |
Australia |
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Date of Incorporation : |
17.07.1995 |
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Com. Reg. No.: |
070360762 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Printing Company |
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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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Moderate |
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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 30th, 2011
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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 : FOCUS PRESS PTY LIMITED
Business address : 12-15 Dunlop Street
Town : Strathfield South
Province : New South Wales
Zip/postal
code : 2136
Country : Australia
Tel : +61 2 87454000
Fax : +61 2 97421877
Email : sales@focuspress.com.au
Website : www.focuspress.com.au
Registered address : Level 1, 225 George Street
Town : Sydney
Province : New South Wales
Zip/postal
code : 2000
Country : Australia
Summary details
Executive Summary
Date founded or registered : 17/07/1995
Legal form : Australian Proprietary Company
Chief executive : David Reginald Fuller
Issued & paid up capital : AUD 100
Line of business : Printing company.
Staff employed : 130 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 undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 200,000
Credit amount asked : USD 200,000
Statutory details
Registry Data
Registration date : 17/07/1995
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 070360762
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 82070360762
Registry status : Live/Active
Previous name : The Subject was established on
17-07-1995 under the name HOMEBUSH NOMINEES PTY. LIMITED and changed its name to OFFSET PRINTING CO. PTY LIMITED
01-07-2003. OFFSET PRINTING CO. PTY LIMITED then adapted to the current style
on 01-07-2005.
Change of legal form : None reported.
Management / directors
Key Management
Name : David Reginald Fuller
Designation : Managing Director
Name : Brett Johnson
Designation : Sales Manager
Name : Scott Hilton
Designation : Production Manager
Name : Alan Davis
Designation : Financial Controller
Board of directors / other
appointments
Appointments
Name : David Reginald Fuller
Designation : Director and Company Secretary
Appointment date : 26/06/03
Address : 49 Broughton Road
Strathfield, NSW 2135
Australia
Biography : Born on 24-09-1957 in Sydney, New South Wales, Australia.
Staff employed : 130 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 FOCUS PRESS
HOLDINGS PTY LIMITED
Address Level 1, 225
George Street
Sydney, NSW 2000
Australia
No. of
shares 100 Ordinary Shares
%
of shares 100%
Related companies & corporate Affiliations
Structure
Name : FOCUS PRESS HOLDINGS PTY LIMITED
Affiliation type : Parent Company
Address : Level 1, 225 George Street
Sydney, NSW 2000
Australia
Bank & mortgages
Bank Details
Name of bank : National Australia Bank Limited
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
Unsatisfied Charges:
ASIC Charge Number: 1439923
Date Registered: 16-04-2007
Charge type: Both Fixed & Floating
Date Created: 21-02-2007
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1939049
Date Registered: 08-03-2010
Charge type: Both Fixed & Floating
Date Created: 03-03-2010
Chargees Name: AUSTRALIAN EXECUTOR TRUSTEES (SA) LIMITED
ASIC Charge Number: 2249432
Date Registered: 19-10-2011
Charge type: Fixed
Date Created: 27-09-2011
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax
liens : None reported.
Others : None reported.
financial data
Description
Comments : The representative contacted Mr. Alan
Davis declined to provide any financial information until the inquiring party
details are revealed.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities : The Subject provides offset and digital
print solutions. In addition, the Subject handles mailing and distribution of
printed materials, warehousing and management of inventory.
Purchases
International : China, India, Singapore
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of production facilities,
administrative office and warehouse.
Branches : In addition, the Subject operates from
branch office located at:
Port Botany Business Centre
Unit 12, 61 - 71 Beauchamp Road
Matraville NSW 2036
Australia
Tel: +61 2 82185300
Intellectual property : ISO9001 (Quality Management) ISO14001 (Environmental Management) ISO 12647-2
(Colour Management)
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 %
2007:5.2 %
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
Local : Prepayment, Credit 30-60 days
Sales Term
Local : Prepayment, Credit 30-60 days
International : 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.49.78 |
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UK Pound |
1 |
Rs.80.11 |
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Euro |
1 |
Rs.68.82 |
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.