MIRA INFORM REPORT
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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
NEWSTYLE PRINTING CO. PTY. LTD. |
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Registered Office : |
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Country : |
Australia |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
13.08.1973 |
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Com. Reg. No.: |
007749706 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Commercial Printing
Services |
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No. of Employees : |
80 employees |
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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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : NEWSTYLE PRINTING CO. PTY. LTD.
Business address : 41 Manchester Street
Town : Mile End
Province : South Australia
Zip/postal code : 5031
Country : Australia
Tel : +61 8 82346155
Fax : +61 8 82346115
Website : www.newstyleprint.com.au
Registered address : 305 Unley Road
Town : Malvern
Province : South Australia
Zip/postal code : 5061
Country : Australia
Executive Summary
Date founded or registered : 13/08/1973
Legal form : Australian
Proprietary Company
Chief executive : Ian Lloyd Richards
Issued & paid up capital
: AUD 10,000
Sales turnover : AUD 10,198,661 (Non-consolidated 12
months, 30/06/2006)
Net income : AUD 781,418
(Non-consolidated 12 months, 30/06/2006)
Total fixed assets : AUD 7,525,306
(Non-consolidated 12 months, 30/06/2006)
Line of business : Commercial printing
services.
Staff employed : 80 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 records : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 13/08/1973
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
007749706
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
52007749706
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Ian Lloyd Richards
Designation : Managing Director
Name : Kym Burns
Designation : General Manager
Name : Luke Richards
Designation : Sales Manager
Appointments
Name : Barbara Lesley Richards
Designation : Director and Company Secretary
Appointment date : 07/04/76
Address : 13 Woodland Road
Springfield,
SA 5062
Australia
Biography : Born on 08-08-1952 in
Adelaide, South Australia, Australia.
Name : Ian Lloyd Richards
Designation : Director
Appointment date : 15/08/73
Address : 13 Woodland Road
Springfield,
SA 5062
Australia
Biography : Born
on 23-12-1947 in Adelaide, South Australia, Australia.
Ian founded Newstyle in 1972 and has
guided the company to its current market leader position. With a steady and
controlled growth path over a number of years, Ian has been able to optimise
all situations and environments and therefore Newstyle has grown and
thrived with highly evolving
technological changes. He constantly ensures that Newstyle Printing is at the
forefront of technology within the industry. A well respected individual with
the staff of Newstyle and throughout the entire industry.
Staff employed : 80
employees
Key Advisors
Auditors : ANDREW RICHARD WILLING
Level 1,
19 Sturt Street
Adelaide,
SA 5000
Australia
Composition
Authorized Capital : AUD 10,000
No of shares : 3,000 Class A Shares / 3,000
Class B Shares / 4,000 Class C Shares
Share par value : AUD 1
Issued capital : AUD 10,000
Paid up capital : AUD
10,000
How listed : Full List
Composition
Shareholder name : Ian Lloyd Richards
Address : 13 Woodland Road
Springfield,
SA 5062
Australia
No. of shares : 2,700 Class A Shares / 2,700 Class
B Shares
Shareholder name : Kym Christopher Burns
Address : 14 Ford Avenue
Torrens
Park, SA 5062
Australia
No. of shares : 300 Class A Shares / 300 Class B
Shares / 400 Class C Shares
Shareholder name : LLOYD WATTS PTY. LTD.
Address : 305 Unley Road
Malvern,
SA 5061
Australia
No. of shares : 3,600 Class C Shares
Structure
Name : LLOYD WATTS PTY. LTD.
Affiliation type : Shareholder
Address : 305 Unley Road
Malvern,
SA 5061
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
: Commercial Registry Filings
Financial statement date : 30/06/06
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.98 as of 12-07-2012
Summarized
Financial Information
Consolidation type : Non Consolidated Non Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar (AUD)
Denomination : (x1) One (x1) One
Date of financial year end : 30/06/06 30/06/05
Length of accounts : 12 months 12 months
Sale turnover / Income : 10,198,661 10,046,009
Profit before tax : 1,047,633 1,366,233
Net income : 781,418 944,945
Non current assets : 4,698,921 5,370,524
Current assets 2,826,385
2,771,451
Inventories : 41,182 51,000
Total assets : 7,525,306 8,141,975
Current liabilities : 4,587,326 3,320,903
Non current liabilities : 1,942,138 3,916,649
Total liabilities : 6,529,464 7,237,552
Share equity : 995,842
904,423
Reserve : 235,459 235,459
Retained earning : 750,383 658,964
Comments : The Subject latest financial information is not available
at the registry.
Main activities : The Subject engages in commercial
printing services.
Product & services : Commercial printing services: Offset &
digital printing
Purchases
International : Asian countries
Sales
Local : Yes
International : No exports.
Property &
Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of an printing facilities, warehouse and
administrative
office.
Branches : In addition, the Subject operates from branch offices located at:
Suite 112,
330 Wattle Street
Ultimo,
NSW 2007
Australia
Tel: 61 2
92819333
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.586 trillion
GPP (Purchasing power parity) : 954.296 billion of International dollars
GDP per capita - current prices : US$ 68,916
GDP - composition by sector : agriculture: 4.0% industry: 25.6% services: 70.4%
Inflation :
2009: 1.8%
2010: 2.8%
2011: 3.4%
Unemployment rate
2009: 5.6 %
2010: 5.2 %
2011: 5.1%
Public debt
(General Government gross
debt as a % GDP)
2009: 16.9%
2010: 20.4 %
2011: 22.9 %
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$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI Outflows : 2008:
US$33,604 million
2009: US$16,160 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 : None
International : None
Sales Term
Local : None
International : None
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 : 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.55.37 |
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UK Pound |
1 |
Rs.85.95 |
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Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.