MIRA INFORM REPORT
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Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
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Name : |
IMAGE PRESS PTY LTD |
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Registered Office : |
C/O Magoulias & Associates Unit 1, 103 George Street, Sydney, Province New South Wales, Zip/Postal Code 2000 |
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Country : |
Australia |
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Date of Incorporation : |
11.05.2009 |
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Com. Reg. No.: |
72137024090 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Commercial 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 40,000 |
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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 – 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 |
Identification details
Verified Address
Subject name : IMAGE PRESS PTY LTD
Business address : 40 Skarratt Street North
Town : Silverwater
Province : New South Wales
Zip/postal code : 2128
Country : Australia
Tel : +61 2 87536333
Fax : +61 2 87536366
Email : print@imagep.com.au
Website : www.imagep.com.au
Registered address : C/o MAGOULIAS & ASSOCIATES Unit 1, 103 George Street
Town : Sydney
Province : New South Wales
Zip/postal code : 2000
Country : Australia
Postal address : P.O. Box 6388
Town : Silverwater
Province : New South Wales
Zip/postal code : 1811
Country : Australia
Summary details
Executive Summary
Date founded or registered : 11/05/2009
Legal form : Australian Proprietary Company
Chief executive : Gonasekharan Moodley
Issued & paid up capital : AUD 1,000
Line of business : Commercial printing company.
Staff employed : 30 employees
Credit risk opinion
Company Analysis
Country risk :
Country risk is minimal
Operation trend : Operational trend is in start-up phase
Management
experience : Management is modestly experienced
Financial
performance : Financial
performance is undetermined
Organisation
structure : Organisational
structure is acceptable
Detrimental records : No detrimental records found
Payment history : : No payment delays noted
Credit amount
suggestion : USD 40,000
Credit amount
asked : USD
600,000
Statutory details
Registry Data
Registration date : 11/05/2009
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 137024090
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 72137024090
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Gonasekharan
Moodley
Designation : Managing Director
Board of directors / other
appointments
Appointments
Name : Gonasekharan Moodley
Designation : Director and Company Secretary
Appointment
date : 11/05/09
Address : 1C Christie Street
St Leonards, NSW 2065
Australia
Biography : Born on 31-03-1944 in South Africa.
Staff
employed : 30 employees
Share capital
Composition
Authorized Capital : AUD 1,000
No of shares : 1,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 1,000
Paid up capital : AUD 1,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name : Gonasekharan Moodley
Address : 1C Christie Street
St Leonards, NSW 2065
Australia
No. of shares : 1,000 Ordinary Shares
% of shares : 100%
Related companies & corporate Affiliations
Structure
Name : IMAGE PRINT PTY LTD
Affiliation type :
Associate
Address :
40 Skarratt Street North
Silverwater, NSW 2128
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: None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financials
Description
Comments : The representative contacted Mr. James
declined to provide any financial information about the Subject.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Operation details
Main activities : The Subject is engaged as a commercial
printing company.
Purchases
International : Taiwan and China
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of printing facilities, warehouse and
administrative office
Branches : None reported.
Summarized country risk
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 Services)
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, Partial prepayment
Sales Term
Local : 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.48.93 |
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UK Pound |
1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.65 |
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.