MIRA INFORM REPORT

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

BPA PRINT GROUP PTY LTD

 

 

Registered Office :

11 Evans Street, Burwood, Victoria 3125

 

 

Country :

Australia

 

 

Date of Incorporation :

09.08.1995

 

 

Legal Form :

Australian Proprietary Company

 

 

Line of Business :

Provider of commercial and general printing services

 

 

No. of Employees :

20

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

 

 

Payment Behaviour :

No complaints 

 

 

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

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Australia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


IDENTIFICATION DETAILS

 

Verified Address

Subject name :                          BPA PRINT GROUP PTY LTD

Business address :                    11 Evans Street

Town :                                       Burwood

Province :                                  Victoria

Zip/postal code :                        3125

Country :                                   Australia

Tel :                                          +61 3 98086622

Fax :                                         +61 3 98080706

Email :                                      bpa@bpabooks.com

Website :                                  www.bpabooks.com

Registered address :                  11 Evans Street

Town :                                       Burwood

Province :                                  Victoria

Zip/postal code :                        3125

Country :                                   Australia

 

 

SUMMARY DETAILS

 

Executive Summary

Date founded or registered :        09/08/1995

Legal form :                               Australian Proprietary Company

Chief executive :                        Graham John Burgess

Issued & paid up capital :           AUD 15

Line of business :                       Provider of commercial and general printing services.

Staff employed :                         20 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 undetermined

Organization structure :              Organizational structure is stable

Detrimental :                              No detrimental records found

Payment history :                      No payment delays noted

 

 

STATUTORY DETAILS

 

Registry Data

Registration date :                                              09/08/1995

Legal form :                                                       Australian Proprietary Company

Registration no Australian Company Number:       070470236

Registered authority :                                         Australian Securities and Investments Commission

Fiscal/ Tax no :                                                  Australian Business Number: 23070470236

Registry status :                                                Live/Active

Previous name :                                                 BROWN PRIOR ANDERSON (BPA) PTY. LTD. (initial)

Change of legal form :                                         None reported.

 

 

MANAGEMENT / DIRECTORS

 

Key Management

Name :                          Graham John Burgess

Designation :                 Managing Director

 

 

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

 

Appointments

Name :                          Graham John Burgess

Designation :                 Director and Company Secretary

Appointment date :         09/08/95

Address :                      12 Brynmawr Road

Camberwell, VIC 3124

Australia

Biography :                    Born on 02-04-1945 in Ivanhoe, Victoria, Australia

Name :                          Peter Gordon Barker

Designation :                 Director

Appointment date :         09/08/95

Address :                      19 Nelson Road

Camberwell, VIC 3124

Australia

Biography :                    Born on 22-08-1941 in Melbourne, Victoria, Australia

Name :                          Brett Gerald Turnley

Designation :                 Director

Appointment date :         01/09/02

Address :                      10 Joyce Street

Nunawading, VIC 3131

Australia

Biography :                    Born on 08-10-1971 in Melbourne, Victoria, Australia

Name :                          Owen James Jenkin

Designation :                 Director

Appointment date :         30/08/01

Address :                      26 Halley Street

Blackburn, VIC 3130

Australia

Biography :                    Born on 23-09-1941 in Canterbury, Victoria, Australia

Staff employed :             20 employees

 

 

Key Advisors

 

Auditors :                      KNOTT JONES & ASSOCIATES

296 Maribrynong Road

Moonee Ponds, VIC 3039

Australia

 

SHARE CAPITAL

 

Composition

Authorized Capital :        AUD 15

No of shares :                15 Ordinary Shares

Share par value :            AUD 1

Issued capital :              AUD 15

Paid up capital :             AUD 15

 

 

OWNERSHIP / SHAREHOLDERS

 

How listed :                   Full List

Composition

Shareholder name :        Owen James Jenkin

Address :                      26 Halley Street

Blackburn, VIC 3130

Australia

No. of shares :               3 Ordinary Shares

Shareholder name :        Peter Gordon Barker

Address :                      19 Nelson Road

Camberwell, VIC 3124

Australia

No. of shares :               4 Ordinary Shares

Shareholder name :        Graham John Burgess

Address :                      12 Brynmawr Road

Camberwell, VIC 3124

Australia

No. of shares :               4 Ordinary Shares

Shareholder name :        Brett Gerald Turnley

Address :                      10 Joyce Street

Nunawading, VIC 3131

Australia

No. of shares :               4 Ordinary Shares

 

 

RELATED COMPANIES & CORPORATE AFFILIATIONS

 

Structure

Related companies and corporate

affiliations comments

: None reported.

 

 

BANK & MORTGAGES

 

Bank Details

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 :                               None reported.

Legal Fillings

Bankruptcy fillings :                    None reported.

Court judgements :                     None reported.

Tax liens :                                 None reported.

Others :                                    None reported.

 

 

FINANCIAL DATA

 

Description

Comments :                  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 and of the financial year.

 

 

OPERATION DETAILS

 

Main activities :                          The Subject provides commercial and general printing services.

Product & services :                   Offset printing

Digital printing mainly for printing books

Binding

Purchases

International :                             Asia countries

Sales

Local :                                      Yes

International :                             No exports.

Property & Assets

Premises :                                The Subject operates from premises located at the verified heading address consisting of printing facilities, warehouse and administrative office.

Branches :                                None reported.

 

 

SUMMARIZED COUNTRY RISK

 

Gross Domestic Products (GDP) & Economic Overview

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: 4.0%

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%

 

 

PAYMENT HISTORY

 

Purchase Term

International :                             Prepayment, Telegraphic transfer, Credit 30-60 days

Sales Term     

Local :                                      Prepayment, Bank 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

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.14

Euro

1

Rs.70.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.