MIRA INFORM REPORT
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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KINGSWOOD PRESS PTY. LTD. |
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Registered Office : |
Ground Level, |
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Country : |
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Date of Incorporation : |
21.04.1988 |
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Com. Reg. No.: |
010806176 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Printing services company |
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No. of Employees : |
40 |
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 220,000 |
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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
|
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 : KINGSWOOD PRESS PTY. LTD.
Business address : 80 Parramatta
Road
Town : Underwood
Province : Queensland
Zip/postal code : 4119
Country : Australia
Tel : +61 7 32081122
Fax : +61 7 32081620
Email : sales@kingswoodpress.com.au
Website : www.kingswoodpress.com.au
Registered address : Ground Level, 1925 Logan Road
Town : Upper Mount Gravatt
Province : Queensland
Zip/postal code : 4122
Country : Australia
Postal address : PO Box 3121
Town : Logan City DC
Province : Queensland
Zip/postal code : 4114
Country Australia
Executive Summary
Date founded or registered : 21/04/1988
Legal form : Australian
Proprietary Company
Chief executive : Mark Anthony Keeffe
Issued & paid up capital
: AUD 10,025
Sales turnover : AUD 8,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Printing services company.
Staff employed : 40 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 220,000
Credit amount asked : Not described.
Registry Data
Registration date : 21/04/1988
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
010806176
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
52010806176
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Mark Anthony Keeffe
Designation : Managing Director
Name : Philip Rob Moody
Designation : Director
Name : Deanne Troughton
Designation : Financial Manager
Name : Stuart Strong
Designation : Sales Manager
Name : Peter Short
Designation : Sales Manager
Name : Dean Lawrence
Designation : Sales Manager
Appointments
Name : Mark Anthony Keeffe
Designation : Director and Company Secretary
Appointment date : 26/04/88
Address : 10 Penina
Circuit
Loganholme, QLD 4129
Australia
Biography : Born on 01-10-1956 in Cloncurry,
Queensland, Australia.
Name : Philip Rob Moody
Designation : Director
Appointment date : 26/04/88
Address : 19 Holyoake Drive
Daisy
Hill, QLD 4127
Australia
Biography : Born on
24-08-1958 in Brisbane, Queensland, Australia.
Staff employed : 40 employees
Composition
Authorized Capital : AUD 10,025
No of shares : 25 B Class Ordinary Shares /
10,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD
10,025
Paid up capital : AUD 10,025
How listed : Full List
Composition
Shareholder name : Mark Anthony Keeffe
Address : 10 Penina
Circuit
Loganholme, QLD 4129
Australia
No. of shares : 25 B Class Ordinary Shares / 5,000
Ordinary Shares
Shareholder name : Philip Rob Moody
Address : 19 Holyoake Drive
Daisy
Hill, QLD 4127
Australia
No. of shares : 5,000 Ordinary Shares
Structure
Related
companies and corporate affiliations comments : None Reported
Bank Details
Name of bank : Westpac Banking Corporation
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 :
Satisfied Charge Details:
ASIC Charge Number: 276261
Date Registered: 26-10-1990
Charge type: Fixed
Date Created: 12-10-1990
Chargees Name: NATWEST MARKETS AUSTRALIA PTY LIMITED
ASIC Charge Number: 276280
Date Registered: 14-08-1990
Charge type: Fixed
Date Created: 30-06-1989
Chargees Name: NATWEST MARKETS AUSTRALIA PTY LIMITED
ASIC Charge Number: 276315
Date Registered: 08-08-1988
Charge type: Both Fixed &
Floating
Date Created: 05-08-1988
Chargees Name: LEASEPAC AUSTRALIA PTY. LIMITED
ASIC Charge Number: 276402
Date Registered: 31-10-1990
Charge type: Fixed
Date Created: 09-10-1990
Chargees Name: CITIGROUP PTY LIMITED
ASIC Charge Number: 309345
Date Registered: 21-08-1991
Charge type: Fixed
Date Created: 05-08-1991
Chargees Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 317405
Date Registered: 29-10-1991
Charge type: Fixed
Date Created: 22-10-1991
Chargees Name: NATWEST MARKETS AUSTRALIA PTY LIMITED
ASIC Charge Number: 363192
Date Registered: 05-11-1992
Date Created: 29-09-1992
Chargees
Name: AVCO ACCESS PTY LTD
ASIC Charge Number: 368008
Date Registered:11-12-1992
Charge type: Fixed
Date Created: 29-09-1992
Chargees
Name: AVCO ACCESS PTY LTD
ASIC Charge Number: 469027
Date Registered: 05-12-1994
Charge type: Fixed
Date Created: 23-11-1994
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 476780
Date Registered: 06-02-1995
Charge type: Both Fixed & Floating
Date Created: 20-12-1994
Chargees
Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 477722
Date Registered: 14-02-1995
Charge type: Fixed
Date Created: 07-02-1995
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 491049
Date Registered: 30-05-1995
Charge type: Fixed
Date Created: 12-05-1995
Chargees
Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 556789
Date Registered: 26-08-1996
Charge type: Fixed
Date Created: 28-06-1996
Chargees
Name: INTERNATIONAL BUSINESS EXCHANGE PTY LTD
ASIC Charge Number: 566539
Date Registered: 14-11-1996
Charge type: Fixed
Date Created: 28-10-1996
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 573389
Date Registered: 03-01-1997
Charge type: Fixed
Date Created: 16-12-1996
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 592455
Date Registered: 28-05-1997
Charge type: Fixed
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 602799
Date Registered: 05-08-1997
Charge type: Both Fixed & Floating
Date Created: 10-07-1997
Chargees
Name: COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge Number: 741364
Date Registered: 23-03-2000
Charge type: Fixed
Date Created: 06-03-2000
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 762730
Date Registered: 18-08-2000
Charge type: Fixed
Date Created: 28-06-2000
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 767442
Date Registered: 19-09-2000
Charge type: Fixed
Date Created: 25-08-2000
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 836468
Date Registered: 14-12-2001
Charge type: Fixed
Date Created: 22-11-2001
Chargees
Name: GE FINANCE AUSTRALASIA PTY LTD
ASIC Charge Number: 869676
Date Registered: 19-06-2002
Charge type: Fixed
Date Created: 07-06-2002
Chargees
Name: CBFC LIMITED
ASIC Charge Number: 1139218
Date Registered: 11-03-2005
Charge type: Fixed
Date Created: 28-02-2005
Chargees
Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1145534
Date Registered: 04-04-2005
Charge type: Both Fixed & Floating
Date Created: 24-03-2005
Chargees
Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 1174805
Date Registered: 27-06-2005
Charge type: Fixed
Date Created: 25-05-2005
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
30-03-2012
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 : 8,000,000
Comments : The estimated turnover was provided by Ms. Michelle
Frame.
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 $12.5
million, and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year.
Main activities : The Subject is engaged in providing printing and packaging services for brochures, newsletters, posters, calendars, magazines, catalogues and books.
Product & services :
· Printing services
· Digital printing services
· Prepress services
· Binding services
· Packaging services
Purchases
International : Mainly from Taiwan, China, India
Sales
Local : Yes
International : Papua New Guinea, New Zealand, India
Property &
Assets
Premises : The Subject operates from premises located at the verified heading address consisting of
administrative office and printing facilities.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
International : Prepayment, Telegraphic transfer, Credit
30-60 days
Sales Term
Local : Prepayment, Bank transfer, Credit
30-60 days
International : 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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.29 |
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UK Pound |
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.67 |
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.