|
Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
STELLAR
FILMS GROUP PTY LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
29.11.1999 |
|
|
|
|
Com. Reg. No.: |
090713876 |
|
|
|
|
Legal Form : |
Australian Proprietary Company |
|
|
|
|
Line of Business : |
Engaged in manufacturing and distribution of personal care
film products. |
|
|
|
|
No. of Employees : |
100 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
220,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject
name : STELLAR
FILMS GROUP PTY LTD
Other
style / Business name : STELLAR FILMS
GROUP
Business
address : Gate 6
Tilburn Road
Town :
Deer
Park
Province
: Victoria
Zip/postal
code : 3023
Country
: Australia
Tel : +61 3
93618200
Fax : +61 3
93631271
Website
: www.stellarfilmsgroup.com
Registered
address : C/o WILLIAM
BUCK (VIC) PTY LTD
465 Auburn Road
Town :
Hawthorn
East
Province
: Victoria
Zip/postal
code : 3123
Country
: Australia
Postal
address : P.O. Box
145
Town :
Deer
Park
Province
: Victoria
Zip/postal
code : 3023
Country
: Australia
Executive Summary
Date
founded or registered : 29/11/1999
Legal
form : Australian
Proprietary Company
Chief
executive : Robert
John Morgan
Issued
& paid up capital : AUD
400,004
Sales turnover : AUD
12,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line
of business : Manufacturing
and distribution of personal care film products.
Staff
employed : 100
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 fair
Organization
structure : Organizational
structure is stable
Detrimental
: No detrimental records found
Payment
history : No payment
delays noted
Credit
amount suggestion : USD 220,000
Credit
amount asked : Not
described.
Registry Data
Registration
date : 29/11/1999
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 090713876
Registered authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian
Business Number: 33090713876
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Other registration : STELLAR
FILMS GROUP is a business name owned by the Subject registered on 05/11/1999
under business registration no: B1472648H.
Key Management
Name :
Stephen John Walters
Designation
: Managing Director
Name :
Peter James Symons
Designation
: Technical Director
Appointments
Name :
Robert John
Morgan
Designation
: Director
Appointment
date : 29/11/99
Address
: 5 Kiah Mews
Eltham, Vic 3095
Australia
Biography
: Born on 11-07-1954 in
Johannesburg, South Africa.
Name :
Peter James
Symons
Designation
: Director
Appointment
date : 29/11/99
Address
: 9 Manning Street
Altona, VIC 3018
Australia
Biography
: Born on 09-12-1957 in
Melbourne, Victoria, Australia.
Name :
Stephen John
Walters
Designation
: Director and Company
Secretary
Appointment
date : 29/11/99
Address
: 20 Hillhouse Road
Templestowe, VIC 3106
Australia
Biography
: Born on 21-09-1957 in
Abergavenny, United Kingdom.
Name :
Ong Kean Hwa
Designation
: Director
Appointment
date : 20/04/05
Address
: 22, Jalam Anggerik
Aranda 31/37
40460 Kota Kemuning
Shah Alam
Selangor Darul Ehsan
Malaysia
Biography
: Born on 19-03-1968 in
Taiping, Perak, Malaysia.
Name :
Trevor John
Haines
Designation
: Director
Appointment
date : 29/11/99
Address
: 5 Queensberry
Circuit
Mulgrave, VIC 3170
Australia
Biography
: Born on 16-06-1960 in
Melbourne, Victoria, Australia.
Name :
Graeme Douglas
Tyshing
Designation
: Company Secretary
Appointment
date : 29/02/00
Address
: 20A Severn Street
Balwyn North, VIC 3104
Australia
Biography
: Born on 04-11-1948 in
Melbourne, Victoria, Australia.
Staff
employed : 100 employees
Key Advisors
Auditors
: WEBB CALLAWAY PATON
381 Tooronga Road
Hawthorn East, VIC 3123
Australia
Composition
Authorized
Capital : AUD 400,004
No of shares : 1
Preference 'A' Class Share / 1 Preference 'B' Class Share / 1 Preference 'C'
Class Share / 1 Preference 'D' Class Share / 400,000
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 400,004
Paid
up capital : AUD 400,004
How
listed : Full
List
Composition
Shareholder
name : FEMALE PTY LTD
Address
: C/o
WILLIAM BUCK (VIC) PTY LTD
465 Auburn Road
Hawthorn East, VIC 3123
Australia
No. of
shares : 100,000
Ordinary Shares / 1 Preference 'D' Class Share
Shareholder
name : GOBBLE PTY LTD
Address
: C/o
WILLIAM BUCK (VIC) PTY LTD
465 Auburn Road
Hawthorn East, VIC 3123
Australia
No. of
shares : 100,000
Ordinary Shares / 1 Preference 'C' Class Share
Shareholder
name : HELPLESS PTY LTD
Address
: William
Buck (Vic) Pty Ltd
465 Auburn Road
Hawthorn East VIC 3123
Australia
No. of
shares : 100,000
Ordinary Shares / 1 Preference 'A' Class Share
Shareholder
name : GANSPRUSE PTY.
LTD.
Address
: 5
Queensberry Circuit
Mulgrave, VIC 3170
Australia
No. of
shares : 100,000
Ordinary Shares / 1 Preference 'B' Class Share
Structure
Name :
STELLAR FILMS
(MALAYSIA) SDN BHD
Affiliation
type : Associate
Address
: Lot 10 Jalan Sultan
Muhamed 4
Kawasan Selat Klang Utara
42000 Pelabuhan Klang
Selangor Darul Ehsan
Malaysia
Comments
: Manufacturing and
distribution of personal care film products.
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.
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 0.96 as of 13-04-2012
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
estimated turnover was provided by Mr. Peter James Symons.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities : The
Subject is engaged in manufacturing and distribution of personal care film
products.
Product
& services : Embossed Barrier films
Breathable films
Laminated films
Printed films
General Packaging films
Purchases
International
: Malaysia,
India
Sales
Local
: Yes
International
: Asia, Middle
East
Property & Assets
Premises : The Subject operates from premises located at the
verified heading address consisting of production facilities, warehouse and
administrative office.
Branches
: None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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:
4.0%
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
International
: L/C, Prepayment,
Telegraphic transfer, Credit up to 90 days
Sales Term
Local
: Prepayment,
Bank transfer, Credit up to 90 days
International
: L/C, Prepayment,
Telegraphic transfer, Credit up to 90 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.90 |
|
Euro |
1 |
Rs.67.60 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.