MIRA INFORM REPORT
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Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
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Name : |
DOCKLANDS PRESS PTY LTD |
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Formerly Known As : |
DOCKLANDS GROUP PTY LTD |
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Registered Office : |
C/O Msi Ragg Weir Chartered Accountants, Level 2, |
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Country : |
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Date of Incorporation : |
20.06.2001 |
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Com. Reg. No.: |
09721007 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Design, pre-press and printing services |
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No. of Employees : |
45 |
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 300,000 |
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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 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 |
Verified Address
Subject name : DOCKLANDS PRESS PTY LTD
Business address : 142 Dougharty Road
Town : Heidelberg West
Province : Victoria
Zip/postal code : 3081
Country : Australia
Tel : +61 3 94595155
Fax : +61 3 94577292
Website : www.docklandspress.com.au
Registered address : C/o MSI RAGG WEIR CHARTERED ACCOUNTANTS
Level 2, 108 Power Street
Town : Hawthorn
Province : Victoria
Zip/postal code : 3122
Country : Australia
Executive Summary
Date founded or registered : 20/06/2001
Legal form : Australian
Proprietary Company
Chief executive : Abdel Aziz Aboughattas
Issued & paid up capital
: AUD 1,000
Sales turnover : AUD 12,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Design, pre-press and
printing services.
Staff employed : 45 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 300,000
Credit amount asked : USD 300,000
Registry Data
Registration date : 20/06/2001
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
097210074
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
48097210074
Registry status : Live/Active
Previous name : The Subject was established on
20-06-2001 under the name RAR AUSTRALIA PTY LTD
and
changed its name to DOCKLANDS PRESS PTY LTD on 02-07-2001. DOCKLANDS PRESS PTY
LTD then changed its name to DOCKLANDS GROUP PTY LTD on 28-05-2003. DOCKLANDS
GROUP PTY LTD then again changed its name to the current style on 13-09-2006.
Change of legal form : None reported.
Key Management
Name : Abdel Aziz Aboughattas
Designation : Managing Director
Appointments
Name : Stephen Scott Kernahan
Designation : Director
Appointment date : 02/07/01
Address : 66 McCracken Street
Essendon,
VIC 3040
Australia
Biography : Born on 01-09-1963 in
Adelaide, South Australia, Australia.
Name : Craig Edwin Bradley
Designation : Director
Appointment date : 02/07/01
Address : 19 Devon Street
Eaglemont,
VIC 3084
Australia
Biography : Born on 26-10-1963 in
Ashford, South Australia, Australia.
Name : Abdel Aziz Aboughattas
Designation : Director and Company Secretary
Appointment date : 02/07/01
Address : 262 Union Road
Balwyn,
VIC 3103
Australia
Biography : Born on 24-02-1955 in Suez, Egypt
Name : Moody
Aboughattas
Designation : Director
Appointment date : 07/09/07
Address : 8 Mulgoa Street
Brighton, VIC 3186
Australia
Biography : Born on 16-08-1956 in Egypt.
Staff employed : 45
employees
Key Advisors
Auditors : MSI RAGG WEIR CHARTERED ACCOUNTANTS
Level 2,
108 Power Street
Hawthorn,
VIC 3122
Australia
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
How listed : Full List
Composition
Shareholder name : ABOUGHATTAS FAMILY HOLDINGS PTY. LTD.
Address : C/o MSI RAGG WEIR CHARTERED
ACCOUNTANTS
Level 2,
108 Power Street
Hawthorn,
VIC 3122
Australia
No. of shares : 510 Ordinary Shares
Shareholder name : Jointly held by Brett George Chalmers
& Michelle Lois Chalmers
Address : Brett George Chalmers &
Michelle Lois Chalmers
38
Shawlands Avenue
Blackburn
South, VIC 3130
Australia
No. of shares : 50 Ordinary Shares
Shareholder name : DREYUS PTY LTD
Address : 19 Devon Street
Eaglemont,
VIC 3084
Australia
No. of shares : 190 Ordinary Shares
Shareholder name : LEONAREN PTY. LTD.
Address : C/o MSI RAGG WEIR CHARTERED
ACCOUNTANTS
Level 2,
108 Power Street
Hawthorn,
VIC 3122
Australia
No. of shares : 60 Ordinary Shares
Shareholder name : SEJAK INVESTMENTS PTY LTD
Address : 110 Hutt Street
Adelaide,
SA 5000
Australia
No. of shares : 190 Ordinary Shares
Structure
Name : ABOUGHATTAS FAMILY
HOLDINGS PTY. LTD.
Affiliation type : Parent Company
Address : C/o MSI RAGG WEIR CHARTERED
ACCOUNTANTS
Level 2,
108 Power Street
Hawthorn,
VIC 3122
Australia
Name : DOCKLANDS PRESS
INTERNATIONAL PTY LTD
Affiliation type : Associate
Address : 142 Dougharty Road
Heidelberg
West, VIC 3081
Australia
Name : DOCKLANDS PRESS (AUST)
PTY LTD
Affiliation type Associate
Address : 142 Dougharty Road
Heidelberg
West, VIC 3081
Australia
Bank Details
Name of bank : National Australia 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 : None
reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Source of financial statement
: External Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.97 as of
03-04-2012
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 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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject
is engaged in providing design, pre-press and printing services.
Product & services : -
· Pre-press
- Offset
printing
- Digital
laser printing for books, brochure etc
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Commercial & Lithographic printing
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Warehousing
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Distribution
Purchases
International : Taiwan, China, India
Sales
Local : Yes( Clients include RETRAVISION, TELECHOICE, REECE, RSEA, SPOTLIGHT,
ACCOR, IFS, STV, MERCURE APARTMENTS, ANACONDA, SKILLPATH SEMINARS, IBIS HOTELS, HAIRHOUSE WAREHOUSE, HOUSE, CFC , ALL SEASONS HOTELS)
International : No exports.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading address consisting of
administrative office and printing facilities.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 64,351
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
2011: 3.0%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2010:5.2 %
2011: 5.0%
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
2011: 24.1%
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 :
Westpac Banking Group (Major Banks),
BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major
Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks),
Telstra (Telecommunications services), Wesfarmers (Food Retail)
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 2008: US$46,722 million
2009: US$22,572 million
2010: US$32,472 million
FDI Outflows 2008: US$32,819 million
2009: US$18,426 million
2010: US$26,431 million
Best countries for doing business : 10 out
of 183 countries
Global competitiveness ranking : 20
(ranking by country on a basis of 142, 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
: 76.00%
Purchase Term
Local : Prepayment, Telegraphic
transfer, Credit 30-60 days
International : Prepayment, Bank transfer,
Credit 30-60 days
Sales Term
Local : Prepayment, Telegraphic
transfer, 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.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.