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Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
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Name : |
FOCUS
PRESS PTY LIMITED |
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Registered Office : |
Level
1, |
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Country : |
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Date of Incorporation : |
17.07.1995 |
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Com. Reg. No.: |
070360762 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Subject provides offset and digital print solutions |
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No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Australia - ECONOMIC OVERVIEW
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.
|
Source : CIA |
Verified Address
Subject
name : FOCUS PRESS PTY
LIMITED
Business
address : 12-15 Dunlop Street
Town :
South
Strathfield
Province
: New South Wales
Zip/postal
code : 2136
Country
: Australia
Tel : +61 2 87454000
Fax : +61 2 97421877
Email
: sales@focuspress.com.au
Website
: www.focuspress.com.au
Registered
address : Level 1, 225 George Street
Town :
Sydney
Province
: New South Wales
Zip/postal
code : 2000
Country
: Australia
Executive Summary
Date
founded or registered : 17/07/1995
Legal
form : Australian
Proprietary Company
Chief
executive : David
Reginald Fuller
Issued
& paid up capital : AUD 100
Sales
turnover : AUD 35,000,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line
of business : Printing
company.
Staff
employed : 150
employees
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 found
Payment
history : No payment delays
noted
Registry Data
Registration
date : 17/07/1995
Legal
form : Australian
Proprietary Company
Registration
no Australian Company number: 070360762
Registered
authority : Australian
Securities and Investments Commissions
Fiscal/
Tax no : Australian Business Number: 82070360762
Registry
status : Live/Active
Previous name : The
Subject was established on 17-07-1995 under the name HOMEBUSH NOMINEES PTY.
LIMITED and changed its name to OFFSET PRINTING CO. PTY LIMITED 01-07-2003.
OFFSET PRINTING CO. PTY LIMITED then adapted to the current style on
01-07-2005.
Change
of legal form : None
reported.
Key Management
Name :
David Reginald
Fuller
Designation
: Managing Director
Name :
Scott Hilton
Designation
: Production Manager
Name :
Alan Davis
Designation
: Financial Controller
Appointments
Name :
David Reginald
Fuller
Designation
: Director and Company
Secretary
Appointment
date : 26/06/03
Address
: 49 Broughton Road
Strathfield, NSW 2135
Australia
Biography
: Born on 24-09-1957 in
Sydney, New South Wales, Australia.
Staff
employed : 150 employees
Composition
Authorized
Capital : AUD 100
No of
shares : 100
Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 100
Paid
up capital : AUD
100
How
listed : Full List
Composition
Shareholder
name : FOCUS PRESS HOLDINGS PTY
LIMITED
Address
: 12-15 Dunlop Street
South Strathfield, NSW 2136
Australia
No. of
shares : 100 Ordinary Shares
% of
shares : 100%
Structure
Name :
OFFSET PRINTING
CO PTY LTD
Affiliation
type : Ultimate Holding
Company
Address
: 12-15 Dunlop Street
South Strathfield, NSW 2136
Australia
Name :
DSJL INVESTMENTS
PTY LIMITED
Affiliation
type : Intermediate Holding
Company
Address
: 12-15 Dunlop Street
South Strathfield, NSW 2136
Australia
Name :
FOCUS PRESS
HOLDINGS PTY LIMITED
Affiliation
type : Parent Company
Address
: 12-15 Dunlop Street
South Strathfield, NSW 2136
Australia
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
: Unsatisfied Charges:
ASIC
Charge Number: 1439923
Date
Registered: 16-04-2007
Charge
type: Both Fixed &
Floating
Date
Created: 21-02-2007
Chargees
Name: NATIONAL AUSTRALIA BANK
LIMITED
ASIC
Charge Number: 1939049
Date
Registered: 08-03-2010
Charge
type: Both Fixed & Floating
Date
Created: 03-03-2010
Chargees
Name: AUSTRALIAN EXECUTOR
TRUSTEES (SA) LIMITED
ASIC
Charge Number: 2249432
Date
Registered: 19-10-2011
Charge
type: Fixed
Date
Created: 27-09-2011
Chargees
Name: NATIONAL AUSTRALIA BANK
LIMITED
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 : 30/06/12
Type
of accounts : Estimated
key figures
Currency
: Australia
Dollar (AUD)
Exchange
rate : 1
USD = AUD 0.96 as of 14-11-2012
Summarized Financial Information
Consolidation
type : Non Consolidated
Currency
: Australia
Dollar (AUD)
Denomination
: (x1) One
Date
of financial year end : 30/06/12
Length
of accounts : 12 months
Sale
turnover / Income : 35,000,000
Comments
: The estimated turnover was provided by Mr. Scott Hilton.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main
activities : The Subject provides offset and digital print solutions. In
addition, the
Subject
handles mailing and distribution of printed materials, warehousing
and
management of inventory.
Product
& services : Services:
-
Digital and offset printing services
-
Distribution of printed materials
-
Warehousing
-
Management of inventory
Purchases
International
: China, India, Singapore
Sales
Local
: Yes
International
: New Zealand
Property & Assets
Premises
: The Subject operates from premises located at the verified heading
address
consisting of a printing facilities, warehouse and an administrative
office.
Branches
: In addition, the Subject operates from branch office located at:
Port
Botany Business Centre
Unit
12, 61-71 Beauchamp Road
Matraville,
NSW 2036
Australia
Tel:
+61 2 82185300
Intellectual
property : ISO9001 (Quality Management)
ISO14001
(Environmental Management)
ISO
12647-2 (Colour Management)
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
43.879 billion
Gross
domestic product - GDP : US$
1.586 trillion
GPP
(Purchasing power parity) : 954.296
billion of International dollars
GDP
per capita - current prices : US$
68,916
GDP -
composition by sector : agriculture:
4%
industry: 25.6%
services: 70.4%
Inflation
: 2009:
1.8%
2010: 2.8%
2011: 3.4%
Unemployment
rate : 2009:
5.6%
2010: 5.2%
2011: 5.1%
Public
debt
(General
Government gross debt as
a %
GDP)
: 2009: 16.9%
2010: 20.4%
2011: 22.9%
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$46,843 million
2009: US$25,716 million
2010: US$32,472 million
FDI
Outflows : 2008: US$33,604 million
2009: US$16,160 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%
Purchase Term
International
: Prepayment, Credit 30-60 days
Sales Term
Local :
Prepayment, Credit 30-60 days
International
: Prepayment, 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.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.