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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BSG AUSTRALIA PTY LTD |
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Registered Office : |
20 Duntroon Street, Brendale, Queensland 4500 |
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Country : |
Australia |
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Date of Incorporation : |
14.03.1979 |
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Com. Reg. No.: |
010075555 |
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Legal Form : |
Australian Proprietary Company |
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line of business
: |
Import and distribution of bingo, club,
fundraising and promotional products. |
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No. of Employees : |
125 employees (Voyager Group) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : BSG AUSTRALIA PTY LTD
Business address : 20 Duntroon Street
Town :
Brendale
Province :
Queensland
Zip/postal code : 4500
Country :
Australia
Tel :
+61 7 38178900
Fax :
+61 7 32053430
Email :
qld.sales@vgg.com.au
Website :
www.bsgaustralia.com.au
Registered address : 20 Duntroon Street
Town :
Brendale
Province :
Queensland
Zip/postal code : 4500
Country :
Australia
Postal address : P.O. Box 5250
Town :
Brendale
Province :
Queensland
Zip/postal code : 4500
Country :
Australia
Date founded or registered : 14/03/1979
Legal form : Australian
Proprietary Company
Chief executive : Dennis Keith Lever
Issued & paid up capital
: AUD 2,544,960
Sales turnover : AUD 15,000,000
(Estimated Group Consolidated 12 months, 30/06/2011)
Line of business : Import and
distribution of bingo, club, fundraising and promotional products.
Staff employed : 125 employees
(Voyager Group)
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
Organisation
structure : Organisational
structure is stable
Detrimental : No detrimental records
found
Payment
history :
No payment delays noted
Credit amount suggestion :
USD 220,000
|
Credit amount asked |
|
: |
Credit amount asked :
Not described
Registry Data
Registration date : 14/03/1979
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 010075555
Registered authority : Australian Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 53010075555
Registry status : Live/Active
Previous name : BINGO SALES (AUST) PTY LTD
BINGO SALES PTY. LTD.
TROUBER (54) PTY. LTD. (initial)
Change of legal form :
None reported
Key Management
Name : Dennis Keith Lever
Designation : Managing Director
Name :
Michael
Keith Lever
Designation : Director
Appointments
Name : Dennis Keith Lever
Designation : Director and Company Secretary
Appointment date :
16/03/95
Address :
7 Arrow Court, Kippa-Ring, QLD 4021, Australia
Biography :
Born on 20-02-1949 in Brisbane, Queensland, Australia.
Name :
Michael
Keith Lever
Designation : Director
Appointment date :
29/06/07
Address :
1 Grant Street, Redcliffe, QLD 4020, Australia.
Biography :
Born on 14-10-1977 in Brisbane, Queensland, Australia
Staff employed :
125 employees (Voyager Group)
Composition
Authorized Capital :
AUD 2,544,960
No of shares :
1,070 Class A Shares / 2,543,890
Ordinary Shares
Share Per Value :
AUD 1
Issued Capital :
AUD 2,544,960
Paid Up Capital :
AUD 2,544,960
How listed : Full List
Composition
Shareholder Name : VOYAGER GAMING GROUP PTY. LTD
Address : 20
Duntroon Street, Brendale, QLD 4500, Australia
No. of Shares : 1,070
Class A Shares / 2,543,890 Ordinary
Shares
% of Shares : 100%.
Structure
Name :
VOYAGER GAMING GROUP PTY. LTD.
Affiliation type :
Parent Company
Address :
20 Duntroon Street, Brendale, QLD 4500, Australia
Name :
VOYAGER GAMING TECHNOLOGIES PTY LTD
Affiliation type :
Sister Company
Address : 20 Duntroon Street, Brendale, QLD 4500, Australia
Name :
BINGO SALES (AUST) PTY LTD
Affiliation type :
Sister Company
Address : 20 Duntroon Street, Brendale, QLD 4500, Australia
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 :
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 0.95 as of 13-08-2012
Summarized
Financial Information
Consolidation type :
Group Consolidated
Currency :
Australia Dollar (AUD)
Denomination :
(x1) One
Date of financial year end :
30/06/11
Length of accounts :
12 months
Sale turnover / Income :
15,000,000
Comments :
The estimated group’s consolidated sales turnover above relates to the
Subject’s Parent Company Voyager Gaming Group Pty. Ltd. and its
subsidiaries
which include 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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the
end of the financial year.
Main activities : The Subject engages
in import and distribution of bingo, club, fundraising and promotional
products. The Subject is a member of the Voyager Gaming Group, Australia's
leading supplier of Club, Bingo and Fundraising products.
Product & services :
- Bingo products: Bingo Electronics, Bingo systems etc
- Club products: Visitor Sign-in Books, Coin
Cups, Promotional Chatters,
Thermal and Bond Rolls, Club Money / Funny
Money, Loyalty Cards, Birthday and Christmas Voucher Cards, Simple Vend Ticket
Machines
- Fundraising products: Fundraising
Electronics, Fundraising Promotional Wheels, Fundraising Break Opens - Lucky
Envelopes, Fundraising Cards & Tickets
- Printing products
- Promotional products
Purchases
International :
Asian countries
Sales
Local :
Yes
International :
Pacific Islands
Property &
Assets
Premises : The Subject
operates from premises located at the verified heading address consisting of
warehouse and administrative office.
Branches :
In addition, the Subject operates from branch offices located at:
Unit 1, 55 Norman Street
Peakhurst, NSW 2210
Australia
Tel: +61 2 95346444
123 Fairbairn Road
Sunshine West, VIC 3020
Australia
Tel: +61 3 93218400
3/1 Lindfield Avenue
Edwardstown, SA 5039
Australia
Tel: +61 8 81932600
96-106 Galvin Street
Launceston, TAS 7250
Australia
Tel: +61 3 63440677
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign exchange & gold :
US$ 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)
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%
Purchase Term
International :
Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local :
Prepayment, Bank transfer, Credit 30-90 days
International :
Prepayment, Telegraphic transfer, Credit 30-90 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
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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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.