MIRA INFORM REPORT
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Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
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Name : |
PEGASUS PRINT GROUP PTY LIMITED |
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Registered Office : |
Building B, 1A Bessemer Street, Blacktown, Province New South Wales, Zip/postal code 2148 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
03.06.2008 |
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Com. Reg. No.: |
131427695 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Printing and print management 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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Maximum Credit Limit : |
USD 180,000 |
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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 PEGASUS
PRINT GROUP PTY LIMITED
Other style / Business name PEGASUS
PRINT GROUP
Business address
Building B, 1A Bessemer Street
Town Blacktown
Province New South Wales
Zip/postal code 2148
Country Australia
Tel +61
2 88220600
Fax +61
2 88220660
Website www.pegasusprintgroup.com.au
Registered address Building
B, 1A Bessemer Street
Town Blacktown
Province New South Wales
Zip/postal code 2148
Country Australia
Postal address P.O.
Box 6466
Town Blacktown
Province New South Wales
Zip/postal code 2148
Country Australia
Summary details
Executive Summary
Date founded or registered : 03/06/2008
Legal form : Australian Proprietary Company
Chief executive : Wayne Finkelde
Issued & paid up capital : AUD 1
Sales turnover AUD 54,770,000 (Non-consolidated 12 months, 30/06/2010)
Net income AUD 1,532,000 (Non-consolidated 12 months, 30/06/2010)
Total fixed assets AUD 33,960,000 (Non-consolidated 12 months, 30/06/2010)
Line of business Printing and print management services.
Staff employed : 242 employees (Subject)
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
Organisation structure Organisational
structure is acceptable
Detrimental No
detrimental records found
Payment history : No
payment delays noted
Credit amount suggestion USD
180,000
Credit amount asked Not described.
Comments The Subject itself seems financially stable however the group's financial stability is declining and the group's equity balance could be on a deficit if consolidated financials for year end 30-06-2011 show losses. It would be advisable to conduct business dealing on prepayment or L/C basis for larger credit transaction than suggested as caution is needed when granting a large credit amount.
Statutory details
Registry Data
Registration date : 03/06/2008
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 131427695
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 32131427695
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Other registration : PEGASUS PRINT GROUP is a business name
owned by the Subject registered in three states of Australia. Details of
registration as below:
PEGASUS PRINT GROUP
Registration Date: 16/06/2006
Business Name Registration No: NSW BN98224467
PEGASUS PRINT GROUP
Registration Date: 30/06/2006
Business Name Registration No:
QLD BN19924483
PEGASUS PRINT GROUP
Registration Date: 21/06/2006
Business Name Registration No: VIC B1931657Z
Management / directors
Key Management
Name : Mark
Christopher Anthony
Designation : Director
Name : Gerald
John Andersen
Designation : Director
Name : Wayne
Finkelde
Designation : Chief Executive Officer
Board of directors / other
appointments
Appointments
Name : Mark
Christopher Anthony
Designation : Director
Appointment date : 03/06/08
Address : 13
Vaucluse Road
Vaucluse, NSW 2030
Australia
Biography : Birth
details: Born on 31-01-1969 in Ipswich, Queensland.
Name : Michael Bromley Designation : Director Appointment date : 03/06/08
Address : Nicosia
Cyprus
Biography : Birth
details: Born on 19-07-1948 in United Kingdom.
Name : Gerald
John Andersen
Designation : Director
Appointment date : 03/06/08
Address : 2
Bolwarra Crescent
Castle Hill, NSW 2154
Australia
Biography : Birth details: Born on 20-01-1946 in
Wondai, Queensland. Staff employed : 242 employees (Subject)
Key Advisors
Auditors : PKF
Level 10, 1 Margaret Street
Sydney, NSW 2000
Australia
Share capital
Composition
Authorized Capital : AUD 1
No of shares : 1 Ordinary Share
Share par value : AUD 1
Issued capital : AUD 1
Paid up capital : AUD 1
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name AAB HOLDINGS PTY LIMITED
Address Building B, 1A Bessemer Street
Blacktown, NSW 2148
Australia
No. of shares 1 Ordinary Share
% of shares 100%
Related companies & corporate Affiliations
Structure
Name : AAB HOLDINGS PTY LIMITED
Affiliation type Parent Company
Address Building B, 1A Bessemer Street
Comments : The Company is registered on 09/05/2000 and shareholding structure comprise of
Redwing Limited 41%, Mr Mark Anthony 41% and Mr Gerry Andersen 18%.
Name FASTENERS AND MORE PTY LIMITED
Affiliation type Sister Company
Address 8 St James Place
Seven Hills, NSW 2147
Australia
Comments Fasteners, tag and ticketing products.
Name BLUELEAF FOOD GROUP PTY LIMITED
Affiliation type Sister Company
Address Building 8
77 – 85 Roberts Road
Greenacre, NSW 2190
Australia
Comments : Manufacturing and distribution of food products.
Bank & mortgages
Bank Details
Name of bank : Commonwealth Bank of Australia
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
ASIC Charge Number: 1700867
Date Registered: 01-10-2008
Charge type: Both Fixed & Floating
Date Created: 25-09-2008
Chargee Name: GE COMMERCIAL CORPORATION (AUSTRALIA) PTY LTD
ASIC Charge Number: 1953234
Date Registered: 06-04-2010
Charge type: Both Fixed & Floating
Date Created: 01-04-2010
Chargee Name: GE COMMERCIAL CORPORATION (AUSTRALIA) PTY LTD
Legal Fillings
Bankruptcy fillings :
None reported.
Court judgements :
None reported.
Tax liens : None
reported.
Others :
Non Reported
Financials
Description
Source of financial statement : Commercial Registry Filings
Financial statement date : 30/06/2010
Type of accounts Full – Audited
Currency Australian Dollar (AUD)
Exchange rate 1 USD = AUD 0.95 as of 07/09/2011
Summarized Financial Information
Consolidation type : Non Consolidated Non Consolidated
Group Consolidated
Currency : Australia Dollar (AUD) Australia Dollar (AUD) Australia Dollar (AUD)
Denomination : (x1) One (x1) One (x1) One
Date of financial year end : 30/06/10 30/06/09 30/06/10
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Length of
accounts : |
12 months |
12 months |
12 months |
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Sale turnover /
Income : |
54,770,000 |
56,202,000 |
86,258,000 |
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Profit before
tax : |
2,234,000 |
1,840,000 |
-383,000 |
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Net income : |
1,532,000 |
2,218,000 |
-383,000 |
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Non current
assets : |
6,083,000 |
7,830,000 |
20,000,000 |
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Current assets : |
27,877,000 |
16,336,000 |
21,281,000 |
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Inventories : |
2,148,000 |
2,351,000 |
5,798,000 |
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Total assets : |
33,960,000 |
24,166,000 |
41,281,000 |
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Current
liabilities : |
24,519,000 |
17,831,000 |
37,119,000 |
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Non current
liabilities : |
1,648,000 |
674,000 |
3,689,000 |
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Total
liabilities : |
26,167,000 |
18,505,000 |
40,808,000 |
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Share equity : |
7,793,000 |
5,661,000 |
473,000 |
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Retained earning : |
3,750,000 |
2,218,000 |
-10,127,000 |
Comments : The non-consolidated financial
information above relates to the
Subject
only.
The group’s consolidated
financial information above relates to the Subject’s Parent / Ultimate Holding
Company AAB Holdings Pty Limited and all its subsidiaries which include the
Subject.
Operation details
Main activities : The Subject is engaged in providing
printing and print management services such as offset printing, screen
printing, label printing, concept and graphic design, and overprinting
services; produces bags for containing hot foods and liquor shop wrapping;
manufactures tags and tickets that are used for baggage, cotton bales, and iron
ore identification; and distributes thermal printers and ribbons, printer spare
parts and accessories, and print and apply systems.
Purchases
International : Mainly from Italy, Singapore
Sales
Local : Yes
International : Singapore, New Zealand
Property & Assets
Premises : The Subject operates from premises
located at the verified
heading address
consisting of administrative office, production facilities and warehouse.
Branches : The Subject in addition operates from
branch office located at:
Shop 2A, 107-109 Mount Street
North Sydney, NSW 2060
Australia
Tel: +61 2 89200526
Shop 3/2 Horwood Place
Parramatta, NSW 2150
Australia
Tel: +61 2 96333519
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: 2008: 4.2.6%
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
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%
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.74.18 |
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Euro |
1 |
Rs.64.88 |
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.