MIRA INFORM REPORT
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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
LABELMAKERS GROUP PTY. LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
10.06.2005 |
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Com. Reg. No.: |
114717814 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Label manufacturing and printing |
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No. of Employees : |
357 |
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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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 – 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 : LABELMAKERS GROUP PTY. LTD.
Business address : 55 Austrak Drive
Town : Somerton
Province : Victoria
Zip/postal code : 3062
Country : Australia
Tel : +61 3 93033300
Fax : +61 3 93053040
Website : www.labelmakers.com.au
Registered address : "Rialto Towers" Level 29
525 Collins Street
Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Executive Summary
Date founded or registered : 10/06/2005
Legal form : Australian
Proprietary Company
Chief executive : Kevin Leslie Bamford
Issued & paid up capital
: AUD 79,600,000
Sales turnover : AUD 133,618,412
(Non-consolidated 12 months, 30/06/2011)
Net income : AUD 2,323,925
(Non-consolidated 12 months, 30/06/2011)
Total fixed assets : AUD 167,540,380
(Non-consolidated 12 months, 30/06/2011)
Line of business : Label manufacturing and
printing.
Staff employed : 357 employees
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 good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 10/06/2005
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
114717814
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number:
41114717814
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Kevin Leslie Bamford
Designation : Managing Director
Name : Rod Bryan
Designation : General Manager
Name : Graeme Lang
Designation : Technical Manager
Appointments
Name : Kevin Leslie Bamford
Designation : Director and Company Secretary
Appointment date : 10/06/05
Address : 65 Daisy Hill Road
Doreen,
VIC 3754
Australia
Biography : Born on 09-01-1945 in
Melbourne, Victoria, Australia.
Staff employed : 357 employees
Key Advisors
Auditors : BDO AUDIT (NSW-VIC) PTY LTD
"Rialto
Towers" Level 30
525
Collins Street
Melbourne,
VIC 3000
Australia
Composition
Authorized Capital : AUD 79,600,000
No of shares : 79,600,000 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 79,600,000
Paid
up capital : AUD 79,600,000
How listed : Full List
Composition
Shareholder name : LABELMAKERS GROUP HOLDINGS PTY LTD
Address : 55 Austrak Drive
Somerton,
VIC 3062
Australia
No. of shares : 75,500,000 Ordinary Shares
Shareholder name : BROADMORE PROPRIETARY LIMITED
Address : "Rialto Towers"
Level 29
525
Collins Street
Melbourne,
VIC 3000
Australia
No. of shares : 4,100,000 Ordinary Shares
Structure
Name : LABELMAKERS GROUP HOLDINGS PTY LTD
Affiliation type : Parent Company
Address : 55 Austrak Drive
Somerton,
VIC 3062
Australia
Name : LABELMAKERS WINE DIVISION PTY LTD
Affiliation type : Subsidiary
Address : 589 South Road
Regency
Park, SA 5010
Australia
Name : LABELMAKERS GROUP WA PTY. LTD.
Affiliation type : Subsidiary
Address : 24 Century Road
Malaga, WA
6090
Australia
Name : LABELMAKERS ADVISORS PTY LTD
Affiliation type : Subsidiary
Address : 55 Austrak Drive
Somerton,
VIC 3062
Australia
Name : LABELMAKERS (AUST.) PTY. LTD.
Affiliation type : Subsidiary
Address : 55 Austrak Drive
Somerton,
VIC 3062
Australia
Name : LABELMAKERS LIMITED
Affiliation type : Subsidiary
Address : 2 Foreman Road
Te Rapa,
Hamilton 3257
New
Zealand
Bank Details
Name of bank : Westpac Banking Corporation
Address : Australia
Account details : Current Account
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 : Satisfied Charges:
ASIC Charge Number: 1178807
Date Registered: 06-07-2005
Charge type: Both Fixed &
Floating
Date Created: 01-07-2005
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
Unsatisfied Charges:
ASIC Charge Number: 1323958
Date Registered: 11-07-2006
Charge type: Fixed
Date Created: 30-06-2006
Chargees Name: WESTPAC
BANKING CORPORATION
ASIC Charge Number: 1332134
Date Registered: 20-07-2006
Charge type: Fixed
Date Created: 03-07-2006
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 1332721
Date Registered: 20-07-2006
Charge type: Fixed
Date Created: 03-07-2006
Chargees Name: AUSTRALIA AND
NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 1377007
Date Registered: 09-11-2006
Charge type: Fixed
Date Created: 03-10-2006
Chargees Name: AUSTRALIA AND
NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 1540451
Date Registered: 07-11-2007
Charge type: Fixed
Date Created: 17-10-2007
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1666033
Date Registered: 21-07-2008
Charge type: Fixed
Date Created: 15-07-2008
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1691069
Date Registered: 09-09-2008
Charge type: Fixed
Date Created: 28-08-2008
Chargees Name: CBFC LIMITED
ASIC Charge Number: 2003064
Date Registered: 30-06-2010
Charge type: Fixed
Date Created: 26-05-2010
Chargees Name: COMMONWEALTH
BANK OF AUSTRALIA
ASIC Charge Number: 2123793
Date Registered: 31-01-2011
Charge type: Fixed
Date Created: 29-12-2010
Chargees Name: NATIONAL
AUSTRALIA BANK LIMITED
ASIC Charge Number: 2137216
Date Registered: 02-03-2011
Charge type: Both Fixed &
Floating
Date Created: 21-02-2011
Chargees Name: COMMONWEALTH
BANK OF AUSTRALIA
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 : 30/06/11
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 3.14 as of
18-05-2012
Summarized
Financial Information
Consolidation type : Consolidated Consolidated
Currency : Australia Dollar
(AUD) Australia Dollar (AUD)
Denomination : (x1) One (x1) One
Date of financial year end : 30/06/11 30/06/10
Length of accounts : 12 months 12 months
Sale turnover / Income : 133,618,412
136,185,674
Profit before tax : 10,982,201 13,502,030
Net income : 2,323,925 8,311,967
Non current assets : 119,409,060 124,944,803
Current assets : 48,131,320 49,865,889
Inventories : 19,687,849 19,484,824
Total assets : 167,540,380 174,810,692
Current liabilities : 67,110,288 66,180,160
Non current liabilities : 15,124,802 14,807,453
Total liabilities : 82,235,090 80,987,613
Share equity : 85,305,290 93,823,079
Reserve : 28,023 69,737
Retained earning : 5,677,267 6,230,211
Comments : The consolidated financial information above relates to the Subject and all its subsidiaries.
Main activities : The Subject is
engaged as a label manufacturing and printing company.
Purchases
The Subject offers various pressure sensitive, wet-glue, roll-fed
wrap around, pallet ID, promotional, VIP, RFID, and shrink sleeve labels; and
self-adhesive, cut and stack, roll-fed and ROSO, direct thermal, and thermal
transfer products, as well as thermal ribbons. It serves wine, small goods,
personal care, household products, transport, food and beverage, warehousing,
pharmaceutical, pet food, supermarkets, retail ready, and
track and trace market segments in Australasia and
internationally.
International : Mainly
from United States, Germany, Taiwan, China
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The
Subject operates from premises located at the verified heading address
consisting of production facilities, warehouse and administrative office.
Branches : In addition, the Subject
operates from branch production facilities located at:
62-66
Freight Drive
Somerton,
VIC 3062
Australia
Tel: +61 3
93033500
Other property : Total Group NBV of property, plant and equipment as of 30-06-2011 was AUD
61,409,060.
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 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 : 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 : L/C, Prepayment, Credit up to 90
days
Sales Term
Local : Prepayment, Credit up
to 90 days
International : Prepayment, 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 source
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
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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.