MIRA INFORM REPORT
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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PLATYPUS GRAPHICS PTY. LTD. |
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Formerly Known As : |
NOXCORP PTY. LTD. |
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Registered Office : |
C/o Hanrick Curran, Level 11, 307 Queen Street, Brisbane, Queensland, Zip/postal code 4000 |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
07.06.1989 |
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Com. Reg. No.: |
010942417 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing of packaging products and provides printing, embellishing and binding services |
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No. of Employees : |
84 |
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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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 : PLATYPUS GRAPHICS PTY. LTD.
Business address : 24 Webster Road
Town : Stafford
Province : Queensland
Zip/postal code : 4053
Country : Australia
Tel : +61 7 33520300
Fax : +61 7 38564159
Email : platypus@platypusgraphics.com
Website : www.platypusgraphics.com
Registered address : C/o Hanrick Curran
Level 11, 307 Queen Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Executive Summary
Date founded or registered : 07/06/1989
Legal form : Australian Proprietary
Company
Chief executive : Thomas Claude Lusch
Issued & paid up capital
: AUD 120
Sales turnover : AUD
18,849,330 (Non-consolidated 12 months, 30/06/2010)
Net income : AUD 1,277,272
(Non-consolidated 12 months, 30/06/2010)
Total fixed assets : AUD 15,995,435
(Non-consolidated 12 months, 30/06/2010)
Line of business : Manufacturing of packaging
products and provides printing, embellishing and
binding services.
Staff employed : 84 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
Registry Data
Registration date : 07/06/1989
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
010942417
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
89010942417
Registry status : Live/Active
Previous name : NOXCORP PTY. LTD. (initial)
Change of legal form : None reported.
Key Management
Name : Thomas Claude Lusch
Designation : Managing Director
Appointments
Name : Thomas Claude Lusch
Designation : Director
Appointment date : 29/06/89
Address : 156 Kedron Brook Road
Wilston,
QLD 4051
Australia
Biography : Born on 05-01-1955 in
Melbourne, Victoria, Australia.
Staff employed : 84 employees
Key Advisors
Auditors : HANRICK CURRAN
Level 11,
307 Queen Street
Brisbane,
QLD 4000
Australia
Composition
Authorized Capital : AUD 120
No of shares : 120 Ordinary shares
Share par value : AUD 1
Issued capital : AUD 120
Paid up capital : AUD
120
How listed : Full List
Composition
Shareholder name : DRAYGON PTY. LIMITED
Address : 18A Harvtron Street
Stafford,
QLD 4053
Australia
No. of shares : 120 Ordinary shares
% of shares : 100%
Structure
Name : DRAYGON PTY. LIMITED
Affiliation type : Parent Company
Address : 18A Harvtron Street
Stafford,
QLD 4053
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 : 30/06/10
Type of accounts : Full audited
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD= AUD 1.02 as of
19-05-2012
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 : 30/06/10 30/06/09
Length of accounts : 12 months 12 months
Sale turnover / Income : 18,849,330
18,318,011
Gross profit : 4,893,184 4,725,747
Profit before tax : 1,290,581 1,373,951
Net income : 1,277,272 964,324
Non current assets : 9,113,499 5,801,288
Current assets : 6,881,936 8,291,316
Inventories : 2,553,314 2,005,874
Total assets : 15,995,435 14,092,604
Current liabilities : 4,619,820 3,625,815
Non current liabilities : 1,020,557 1,389,003
Total liabilities : 5,640,377 5,014,818
Share equity : 10,355,058 9,077,786
Retained earning : 10,055,056 8,777,784
Main activities : The Subject engages in
manufacturing of packaging products and provides
printing, embellishing and binding services.
Product & services :
· Commercial and general printing and binding services
· Digital Printing
· Packaging products such as cartons, boxes etc
Purchases
International : Asian countries
Sales
Local : Yes
International : New Zealand, Asia
Key events : May 4, 2010
Platypus Graphics invests in
Australia's second KBA Rapida 106 Ongoing growth in packaging work has driven
Brisbane's Platypus Graphics to invest in Australia's second KBA Rapida 106.
The press, which is expected to be installed by the end of June, will join a six-colour Roland 700, and two Komori Lithrones: a six-colour L28 and a 10-colour LS540SP.The Rapida will be installed in Platypus' new packaging plant alongside its recently installed Bobst ExpertCut 106 die cutter.
Sales director Aaron Lusch told ProPrint the investment spree was
thanks to "significant growth in packaging work over the last few
years"."We saw an opportunity in the Queensland market for another
packaging supplier," he said. Lusch explained that while packaging had
been part of Platypus' offering for the past decade, it had really become
central to the company strategy over the past 18 months. "I wouldn't say
it's the ideal for everyone - it's something that we've had to work at for a
very long time," he added. "You've got to be prepared to make the
investments to buy the equipment. You've got to be prepared to invest in the
right people who know about packaging. You've got to change the company culture
in many ways – for instance the quality assurance is more stringent than in
commercial print," added Lusch.
Dave Lewis, KBA Australasia's general manager for sheetfed
presses, called the sale "fantastic".
"The main reason Platypus went for the Rapida 106 was the
level of technology. It's so up-to-date and the highest level of technology on
the latest generation of medium-format presses," said Lewis. He added that
this was KBA's second order in Brisbane, and the second Rapida 106 in the
country, following the installation of a six-colour press with double coasting
at Percival Print and Packaging in Perth.
March 27, 2010
Platypus wins big at National
Print Awards
Platypus Graphics has
continued its winnings ways, taking home a big medal haul at Friday night's
National Print Awards in Sydney.
Platypus took gold in the
'One, two or three colour printing', 'Commercial posters, show cards, card
constructions and mobiles', 'Booklets, catalogues and magazines bound by any
method but saddle stitching', and 'Book printing' categories. Platypus also
took out the 'PaperlinX Award for outstanding excellence in printing' for its
gold-winning entry in the 'One, Two and Three Colour
Printing' category.
March 22, 2010
Platypus Graphics takes second Bobst as packaging grows
Queensland's Platypus Graphics has taken advantage of the government's
investment allowance to take delivery of a new Bobst diecutter for its Stafford
plant.
The Bobst ExpertCut 106 diecutter, worth "well over a
million", replaces an older machine and joins a three-year old Bobst
diecutter. "It's an opportunity to have two Bobsts of a similar
kind," said Platypus director Tom Lusch. The machine, which was supplied
by Ferrostaal, comes complete with integrated logistics with automatic pallet
transfers – a non-stop feeder and a non-stop delivery. "That'll save us
probably three minutes in every eight
minutes in full production," he said.
Lusch told ProPrint that packaging work now made up 60% of its
output, with 40% made up of commercial print. "Packaging is consistent
while commercial is shrinking, in volume and in dollars," he added. He
added that
the machine would largely be for beer cartons, including work for
the local Castlemaine brewery.
The Bobst will finish work printed on Platypus' manroland Roland
700, as well as jobs from its six-colour Komori L28. Platypus also recently
invested in a sheeter from Taiwanese manufacturer Goodstrong, also supplied
through Ferrostaal. Lusch thought it was the first new Goodstrong GMC-TC2 to
come into Australia.
He said the company used to buy its board "in reels and
sub-contract it out for sheeting. But because the packaging business is growing,
we're buying more and more reels at a cost-saving and at a huge storage
saving."
Lusch added that Platypus had taken advantage of the investment
allowance "in a big way - we've taken advantage of about $4m-$5m in one
year".
Property &
Assets
Premises : The Subject operates from premises located at the
verified heading address consisting of production and printing facilities,
warehouse and administrative office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 30-90 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
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.68 |
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UK Pound |
1 |
Rs.86.52 |
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Euro |
1 |
Rs.69.86 |
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.