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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
THE SOS PRINT & MEDIA GROUP ( |
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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 : |
10.01.1977 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Engages in commercial printing services |
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No. of Employees : |
119 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
|
Off-credit |
D |
Verified Address
Subject
name : THE SOS PRINT &
MEDIA GROUP (AUSTRALIA) PTY LIMITED
Business
address : 63 Burrows Road
Town :
Alexandria
Province
: New South Wales
Zip/postal
code : 2015
Country
: Australia
Tel : +61 2 95492100
Fax : +61 2 95492111
Email
: info@sos.com.au
Website
: www.sos.com.au
Registered
address : 63 Burrows Road
Town :
Alexandria
Province
: New South Wales
Zip/postal
code : 2015
Country
: Australia
Executive Summary
Date
founded or registered : 10/01/1977
Legal
form : Australian
Proprietary Company
Chief
executive : Andreas
Graf Von Faber-Castell
Issued
& paid up capital : AUD
50,000
Sales
turnover : AUD 31,311,436 (Non-consolidated 12
months, 30/06/2011)
Net
income : AUD
520,119 (Non-consolidated 12 months, 30/06/2011)
Total
fixed assets : AUD
17,246,688 (Non-consolidated 12 months, 30/06/2011)
Line
of business : Commercial
printing services.
Staff
employed : 119
employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is progressing
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 : 10/01/1977
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 001430093
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian
Business Number: 80001430093
Registry
status : Live/Active
Previous name : THE
SOS PRINTING GROUP (AUSTRALIA) PTY. LIMITED
S O S INSTANT PRINTING PTY LTD
SERVICE OFFICE SUPPLIES PTY LTD (initial)
Change
of legal form : None
reported.
Key Management
Name :
Andreas
Graf Von Faber-Castell
Designation
: Director
Name :
Michael
Desmond Peel
Designation
: Director
Name :
Robert
Jan Gardner
Designation
: Director
Appointments
Name :
Michael Desmond
Peel
Designation
: Director and Company
Secretary
Appointment
date : 10/01/77
Address
: 61 Stanhope Road
Killara, NSW 2071
Australia
Biography
: Born on 14-09-1944 in
Innisfail, Queensland, Australia.
Name :
Andreas Graf von
Faber-Castell
Designation
: Director
Appointment
date : 10/01/77
Address
: 395 Bobbin Head
Road
North Turramurra, NSW 2074
Australia
Biography
: Born on 01-06-1946 in
Durrenhembach, Germany.
Name :
Robert Jan
Gardner
Designation
: Director
Appointment
date : 10/01/77
Address
: Unit 56, 9-23 Bruce
Avenue
Killara, NSW 2071
Australia
Biography
: Born on 25-10-1940 in
Edmonton, Canada.
Staff
employed : 119 employees
Key Advisors
Auditors
: LAWLER PARTNERS
Level 9, 1 O'Connell Street
Sydney, NSW 2000
Australia
Composition
Authorized
Capital : AUD 50,000
No of
shares : 50,000
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD
50,000
Paid
up capital : AUD
50,000
How
listed : Full
List
Composition
Shareholder
name : BANTYVILLE PTY.
LIMITED
Address
: 63
Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666
Ordinary Shares
Shareholder
name : LORFARE PTY.
LIMITED
Address
: 63
Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666
Ordinary Shares
Shareholder
name : LINAGLADE PTY.
LIMITED
Address
: 63
Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666
Ordinary Shares
Shareholder
name : Jointly held by
BANTYVILLE PTY. LIMITED, LORFARE PTY. LIMITED &
LINAGLADE PTY. LIMITED
Address
: 63
Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 2
Ordinary Shares
Structure
Name :
CPX PTY LTD
Affiliation
type : Associate
Address
: Unit 4, 81 Bishop
Street
Kelvin Grove, QLD 4059
Australia
Bank Details
Name
of bank : Commonwealth Bank
of Australia
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
: 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 : 30/06/11
Type
of accounts : Full
audited
Currency
: Australia
Dollar (AUD)
Exchange
rate : 1
USD = AUD 1.02 as of 29-05-2012
Consolidation
type : Non Consolidated Non Consolidated
Currency
: Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination
: (x1) One (x1) One
Date
of financial year end : 30/06/11 30/06/10
Length
of accounts : 12 months 12 months
Sale
turnover / Income : 31,311,436 28,363,438
Profit
before tax : 609,421
339,192
Net
income : 520,119
222,606
Non
current assets : 8,016,293
6,872,446
Current
assets : 9,230,395
7,816,248
Inventories
: 1,030,630 1,123,291
Total
assets : 17,246,688
14,688,694
Current
liabilities : 7,199,343
6,013,509
Non
current liabilities : 5,590,673
4,438,632
Total
liabilities : 12,790,016
10,452,141
Share
equity :
4,456,672 4,236,553
Retained
earning : 4,406,672 4,186,553
Main
activities : The Subject engages in commercial printing services. The Subject offers
offset printing services for magazines, marketing materials, and point of sale
products; finishing and binding services, including burst binding and saddle
stitching; digital printing services for training manuals, short run books,
financial research reports, and short run books and reading copies; banners and
x-stands print services; print management services; and warehousing and
distribution services. The subject also provides financial research reports and
document printing services in North America, Europe, South Africa, and Asia, as
well as in Melbourne and Sydney. In addition, it offers information technology
services, including setup of online systems, Web based template publishing, and
training; and data management for various data applications, including data
cleaning and sorting, and Australia post barcode generation services.
Product
& services : - Offset printing
-
Finishing and binding
-
Digital printing
-
Digital book printing
-
Warehousing and logistics
-
Print management
Purchases
International
: Asia countries
Sales
Local
: Yes
International
: North America, Europe, South Africa, and Asia
Property
& Assets
Premises
: The Subject operates from premises located at the verified heading
address
consisting of printing facilities, warehouse and administrative
office.
Branches
: In addition, the Subject operates from branch office and warehouse located
at:
SOS
Digital Print Centre
Unit
8, 476-492 Gardeners Road
Alexandria,
NSW 2015
Australia
Tel:
+61 2 95492100
SOS Warehouse
+ Distribution Centre
Unit
7, 476-492 Gardeners Road
Alexandria
NSW 2015
page
12 / 16
Australia
+61 2
95492100
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:
4.1%
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 : 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 sourcesx
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.