MIRA INFORM REPORT
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Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
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Name : |
PEGASUS PRINT GROUP PTY LIMITED |
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Registered Office : |
Building B, 1A |
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Country : |
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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 |
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No. of Employees : |
242 employees (Subject) |
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 : 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
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
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)
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
Organization structure : Organizational structure is
acceptable
Detrimental : No
detrimental records found
Payment history : No payment delays noted
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
Key Management
Name : Mark Christopher Anthony
Designation : Director
Name : Gerald John Andersen
Designation : Director
Name : Wayne Finkelde
Designation : Chief Executive Officer
Appointments
Name : Mark Christopher
Anthony
Designation : Director
Appointment date : 03/06/08
Address : Unit 702, 85 Macleay Street
Potts
Point, NSW 2011
Australia
Biography : Birth details: Born on
31-01-1969 in Ipswich, Queensland.
Name : Michael Bromley
Designation : Director
Appointment date : 03/06/08
Address : 3th Dervis Street
CY-1066,
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
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
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%
Structure
Name : AAB HOLDINGS PTY LIMITED
Affiliation type : Parent Company
Address : Building B, 1A Bessemer Street
Blacktown,
NSW 2148
Australia
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%.
AAB Holdings Pty Limited develops,
manufactures, and markets various products
for consumer and industrial markets
in Australia and the Asia Pacific. The
company operates through two
divisions: Pegasus Print Group and Nature’s
Selection Foods. Its Pegasus Print
Group division provides 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. The company’s Nature’s Selection
Foods
division produces and distributes various food products, including snacks,
fresh
roasted nuts, cooking ingredients, and health foods; and provides contract
packaging
services for nuts, dried fruits, health foods, legumes, confectionery
products,
and cereals. AAB Holdings Pty Limited was founded in 2000 and is
based in
Blacktown, Australia.
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 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 : None reported.
Description
Source of financial statement
: Commercial Registry Filings
Financial statement date : 30/06/10
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.96 as of
19/07/2012
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
Length of accounts : 12 months 12 months 12
months
Sale turnover / Income :
54,770,000 56,202,000 86,258,000
Profit before tax : 2,234,000 1,840,000 -383,000
Net income : 1,532,000 2,218,000 -383,000
Non current assets : 6,083,000 7,830,000
20,000,000
Current assets : 27,877,000 16,336,000
21,281,000
Inventories 2,148,000
2,351,000 5,798,000
Total assets : 33,960,000
24,166,000 41,281,000
Current liabilities : 24,519,000 17,831,000
37,119,000
Non current liabilities : 1,648,000
674,000 3,689,000
Total liabilities : 26,167,000 18,505,000
40,808,000
Share equity : 7,793,000 5,661,000 473,000
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.
The Subject is ultimately owned by AAB
Holdings Pty Limited.
AAB Holdings Pty Limited develops,
manufactures, and markets various
products for consumer and industrial
markets in Australia and the Asia
Pacific. The company operates through
two divisions: Pegasus Print Group
and Nature’s Selection Foods.
Its
Pegasus Print Group division provides 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.
The company’s Nature’s Selection
Foods division produces and
distributes various food products,
including snacks, fresh roasted nuts,
cooking ingredients, and health
foods; and provides contract packaging
services for nuts, dried fruits,
health foods, legumes, confectionery
products, and cereals.
Product & services : -
Printing services: offset printing,
screen printing, label printing, concept
and graphic design, and overprinting
services
-Bags for containing hot foods and
liquor shop wrapping
-Tags and tickets that are used for
baggage, cotton bales, and iron ore
identification
-Thermal printers and ribbons,
printer spare parts and accessories
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
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
International : Prepayment, Telegraphic transfer, Credit
30-120 days
Sales Term
Local : Prepayment, Bank transfer, Credit
30-120 days
International : Prepayment, Telegraphic transfer, Credit
30-120 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.55.15 |
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UK Pound |
1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
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.