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Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
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Name : |
AUSTRALIAN GRAPHIC SUPPLIES PTY LTD |
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Formerly Known As : |
AUSTRALIAN SIGN SUPPLIES
(QLD) PTY LTD |
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Registered Office : |
C/O Imperium Capital Group Pty Ltd, Level 12, 600 St Kilda Road, Melbourne, Victoria, Postal Code 3004 |
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Country : |
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Date of Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
082517691 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Import and distribution of consumables, software, digital printing, and material converting equipment used in the visual graphics
industry |
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No. of Employees : |
37 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 |
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Source : CIA |
Verified Address
Subject name : AUSTRALIAN GRAPHIC SUPPLIES PTY LTD
Other style
/ Business name : POWER DIGITAL SIGN SYSTEMS
Business address : Unit 1,
Town : Capalaba
Province :
Zip/postal code : 4157
Country :
Tel : +61 7 38236000
Fax : +61 7 33903546
Website : www.ags.com.au
Registered address : C/o IMPERIUM CAPITAL GROUP PTY LTD
Level 12,
Town :
Province :
Zip/postal code : 3004
Country :
Executive Summary
Date founded or registered : 05/05/1998
Legal form : Australian
Proprietary Company
Chief executive : Luke Naumann
Issued & paid up capital
: AUD 100
Sales turnover : AUD 12,000,000 (Estimated
Non-consolidated 12 months, 30/06/2012)
Line of business : Import and distribution of
consumables, software, digital printing, and material
converting equipment used in the visual graphics industry.
Staff employed : 37 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 fair
Organization structure : Organizational structure is stable
Detrimental : `No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date : 05/05/1998
Legal form : Australian
Proprietary Company
Registration no Australian Company
number: 082517691
Registered authority : Australian Securities and
Investments Commissions
Fiscal/ Tax no : Australian Business
Number: 81082517691
Registry status : Live/Active
Previous name : AUSTRALIAN SIGN SUPPLIES
(QLD) PTY LTD
ORAPEX PTY LTD (initial)
Change of legal form : None reported.
Other registration : POWER DIGITAL SIGN SYSTEMS
is a business name owned by the Subject
registered on 17/08/1998 under business number: QLD BN6994805.
Key Management
Name : Andrew Lawton Cox
Designation : Managing Director
Name : Luke Naumann
Designation : General Manager
Appointments
Name : Andrew Lawton Cox
Designation : Director
Appointment date : 14/06/06
Address : 3 Moule Avenue
Brighton,
VIC 3186
Australia
Biography : Born on 17-11-1967 in
Christchurch, New Zealand.
Andrew has
over 22 years business management experience in
organisational
change, corporate finance and marketing. Prior to
establishing
the Imperium Group, Andrew was a Director of KPMG
Corporate
Finance where he specialised in International Mergers and
Acquisitions
his clients included Telstra Corporation Limited, Fosters
Group
Limited, Tabcorp Limited and Coles Myer Limited. Andrew has
previously
held senior executive finance positions with Coles Myer
Limited, J
Boag and Son Limited where he was General Manager
Finance
and Corporate Affairs, and with HSBC Plc where he was
Corporate Banking Manager in Christchurch New Zealand.
Name : Gavin Donald Coote
Designation : Director
Appointment date : 01/10/07
Address : 8 Karoola Street
Hampton,
VIC 3188
Australia
Biography : Born on 28-10-1967 in
Melbourne, Victoria, Australia.
Gavin has
over 23 years business experience in corporate mergers,
acquisitions,
venture capital, planning and analysis, turnarounds and
operational
restructurings in the United States and Australia. His
Company
experience includes start-up through billion dollar plus
revenue
businesses in import / distribution, technology, software,
financial
services, hospitality, and healthcare, operating in business
to
consumer and business to business product markets. Gavin
completed
his MBA at the University of Michigan (USA), and
Bachelor
of Economics at Monash University. Gavin obtained his
CPA during
his 6 years with Price Waterhouse in Melbourne, San
Jose California
and Chicago Illinois (USA).
Name : Leslie Kleinheksel
Coote
Designation : Company Secretary
Appointment date : 08/04/11
Address : 8 Karoola Street
Hampton,
VIC 3188
Australia
Biography : Born on 28-06-1966 in South
Haven, Michigan, United States.
Leslie has
extensive transaction experience advising on mergers,
acquisitions
and divestitures, equity, debt and private placement
offerings
while working for Credit Suisse First Boston investment
bank in
Chicago Illinois (USA) where she held the position of Vice
President,
and was also Chief Operating Officer of the Firm’s
Technology
Group in Palo Alto California. Leslie obtained her CPA
and had 5
years of auditing experience working for Price Waterhouse
in San Jose,
California (USA). Leslie completed her MBA at the J.L.
Kellogg
School of Management at Northwestern University (honours)
in Chicago
and her Bachelor of Arts (Human Biology) at Stanford
University
in California. Leslie is currently completing a Graduate
Diploma in
Corporate Governance with Chartered Secretaries
Australia
in Melbourne.
Staff employed : 37 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 : IMPERIUM SIGNAGE GROUP ASIA PACIFIC
HOLDINGS PTY LTD
Address : Level 12, 600 St Kilda Road
Melbourne,
VIC 3004
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
Structure
Name : IMPERIUM CAPITAL GROUP
PTY LTD
Affiliation type : Ultimate Holding Company
Address : Level 12, 600 St Kilda Road
Melbourne,
VIC 3004
Australia
Comments : Imperium Capital Group of
Companies is a privately held investment group,
established
in 1996 with a focus on the acquisition and re-engineering of
companies
that fit within its strategy of acquiring businesses in the late stage start
up,
growth, mature or sunset phase of their economic lifecycle.
Name : IMPERIUM SIGNAGE GROUP
ASIA PACIFIC HOLDINGS PTY LTD
Affiliation type : Parent Company
Address : Level 12, 600 St Kilda Road
Melbourne,
VIC 3004
Australia
Comments : Holding company.
Name : AUSTRALIAN SIGNAGE AND
INDUSTRIAL PLASTICS PTY LTD
Affiliation type : Sister Company
Address : Unit 1, 38 Neumann Road
Capalaba,
QLD 4157
Australia
Comments : Australian Signage &
Industrial Plastics Pty Ltd (“ASIP”) is an importer and
distributor
of solid sheet plastics (or substrates) including flexible / rigid / semi
rigid
plastic sheets made from a range of raw materials including aluminium and
polyethylene
composites, thermoplastic polymers (polycarbonates),
polypropylene,
Polyvinyl Chloride (PVC), and Polymethyl methacrylates (Acrylic).
These
products are distributed by ASIP into a variety of industries including
building,
packaging, glazing, display, industrial fabrication. End use applications
include
waterproofing, tank linings, ventilation hoods, electrical switchboards,
pylon
signage, sky lights, car windshields, machine guards, aquariums, fascia,
vending
machines, and safety visors.
Name : TGI FRIDAYS ASIA
PACIFIC PTY. LTD.
Affiliation type : Sister Company
Address : Level 12, 600 St Kilda Road
Melbourne,
VIC 3004
Australia
Comments : Imperium acquired the rights
to the T.G.I. Friday's franchise in Australia along
with three
restaurants - Jam Factory South Yarra, Doncaster Shoppingtown and
Epping
Shopping Centre from J Boag and Son Limited in August 2002. In addition
Imperium
secured the rights to the T.G.I. Friday's brand in New Zealand from
T.G.I.
Friday's Inc. Imperium opened its fourth restaurant at Southland Shopping
Centre in
2005.
T.G.I. Friday's
is the worlds largest full service casual dining chain with in excess
of 750
restaurants in over 55 countries. T.G.I. Friday's was established in New
York in
1965 and arrived in Australia in 1995 with the opening of the first
restaurant
at the Jam Factory site in Chapel Street, South Yarra.
Name : PRAETORIAN CORPORATE
FINANCE PTY LTD
Affiliation type : Sister Company
Address : Level 12, 600 St Kilda Road
Melbourne,
VIC 3004
Australia
Comments : Fund management, underwriting
and debt financing.
Name : GARAGE SMART ASIA
PACIFIC PTY. LTD.
Affiliation type : Sister Company
Address : 156 Cochranes Road
Moorabin, VIC 3189
Australia
Comments : Distributor of home storage
solutions.
Name : WARDROBE WORLD
AUSTRALIA PTY LTD
Affiliation type : Sister Company
Address : 156 Cochranes Road
Moorabin,
VIC 3189
Australia
Comments : Wardrobe design, wardrobe
organisation, wardrobe shelving and wardrobe
systems.
Name : EICHARDT'S HOTEL
MANAGEMENT LIMITED
Affiliation type : Sister
Company
Address : Marine Parade
Queenstown
9300
New
Zealand
Comments : Operator of the Eichardt's
Private Hotel.
Imperium
acquired Eichardt’s Private Hotel in December 2010, making it the first
New
Zealand based investment for the Group. Eichardt's Private Hotel provides
fine
accommodation in five luxurious Hotel Suites and four Lakefront Cottage
Suites
located in the historic district on a premium lakefront position at the heart
of
Queenstown's café and restaurant precinct. The Hotel dates back to the
goldrush
era of the mid to late 19th century and is an historical icon of New
Zealand’s
South Island.
Name : IMPERIUM HOSPITALITY
GROUP PTY. LTD.
Affiliation type : Sister Company
Address : Level 12, 600 St Kilda Road
Melbourne, VIC 3004
Bank Details
Name of bank : Suncorp Bank
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: 678871
Date Registered: 11-01-1999
Charge type: Both Fixed &
Floating
Date Created: 08-01-1999
Chargees Name: SCOTTISH
PACIFIC BUSINESS FINANCE PTY. LIMITED
ASIC Charge Number: 791180
Date Registered: 15-03-2001
Charge type: Fixed
Date Created: 15-02-2001
Chargees Name: GE FINANCE
AUSTRALASIA PTY LTD
ASIC Charge Number: 860855
Date Registered: 07-05-2002
Charge type: Fixed
Date Created: 05-04-2002
Chargees Name: SUNCORP-METWAY
LIMITED
ASIC Charge Number: 867753
Date Registered: 07-06-2002
Charge type: Fixed
Date Created: 23-05-2002
Chargees Name: SUNCORP-METWAY
LIMITED
ASIC Charge Number: 910978
Date Registered: 19-12-2002
Charge type: Fixed
Date Created: 26-11-2002
Chargees Name: SUNCORP-METWAY
LIMITED
ASIC Charge Number: 962072
Date Registered: 21-07-2003
Charge type: Fixed
Date Created: 13-06-2003
Chargees Name: ESANDA FINANCE
CORPORATION LIMITED
ASIC Charge Number: 992222
Date Registered: 28-10-2003
Charge type: Fixed
Date Created: 10-10-2003
Chargees Name: ESANDA FINANCE
CORPORATION LIMITED
Unsatisfied Charges:
ASIC Charge Number: 1326857
Date Registered: 14-07-2006
Charge type: Both Fixed &
Floating
Date Created: 14-06-2006
Chargees Name: AUSTRALIA AND
NEW ZEALAND BANKING GROUP LIMITED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
FINANCIAL DATA
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
12-11-2012
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 : 12,000,000
Comments : The estimated
turnover was provided by Mr. Luke Naumann.
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 is engaged
in imports and distribution of consumables,
software,
digital printing, and material converting equipment used in the
visual
graphics industry. Its e-store offers A and T-boards, accessories
tools,
adhesive tapes, application tapes, inkjet media, computer-cut films,
display
hardware, equipment sales, digital printing inks, mounting systems,
laminating
supplies, paint and accessories, point of sale hardware, screen
printing
films, solvent inkjet media, specialty films, and thermal transfer
supplies.
The company serves sign-making, screen printing, exhibition,
display,
shop fitting, printing, and point-of-sale businesses in Australia. The
Subject
serves sign-making, screen printing, exhibition, display, shop
fitting,
printing, and point-of-sale businesses in Australia.
The
Subject is ultimately owned by Imperium Capital Group of Companies.
Imperium
Capital Group of Companies is a privately held investment group,
established
in 1996.
Imperium
Capital Group of Companies includes a number of diversified
investment
companies such as:
- T.G.I.
Friday's Asia Pacific
-
Eichardt's Private Hotel
-
GarageSmart Asia Pacific
- Wardrobe
World
-
Australian Signage & Industrial Plastics
-
Praetorian Corporate Finance Pty Ltd
Product
& services : A and T-Boards
Accessories
& Tools
Adhesive
Tapes: Masking Tape and Poster Mounting Tapes
Application
Tapes
Aqueous
Inkjet Media: Canvas and Adhesive Vinyl and Films
Computer-Cut
Films
Display
Hardware
Equipment
Sales: Cold Laminating Machines , Matan Thermal Transfer
Printers
and Mimaki Vinyl Cutters
Inks -
Digital Printing
Laminating
Supplies
Paint and
Accessories
Screenprinting
Films
Solvent
Inkjet Media
Specialty
Films
Thermal
Transfer Supplies
Brand :
VIZION
ORABOND
ORAJET
ORACAL
VINYL
MIMAKI
TECHINK
VIPONDS
Purchases
International : Asia, Europe, United States
Sales
Local : Yes
International : No exports.
Key events : April 2010
Australian
Graphic Supplies Pty Ltd (“AGS”) acquired the business and
assets of Power
Digital Sign Supplies in April, 2010. The former Power
Digital
business and trading name will continue as the brand for the market
leading
dye sublimation and heat transfer products which are now
marketed
and distributed throughout Australia by Australian Graphic
Supplies.
The acquisition of Power Digital has also seen AGS become an
Authorised
Reseller for the full range of Mimaki signage graphics printers,
cutters
and routers in Queensland, New South Wales and Australian
Capital
Territory.
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading
address
consisting of an warehouse and administrative office.
Branches : In addition, the Subject operates from
branch offices located at:
Unit 1,
172 Newton Road
Wetherill Park, NSW 2164
Australia
156
Cochranes Road
Moorabbin,
VIC 3189
Australia
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 2009: 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 : L/C, Prepayment, Credit 30-60 days
Sales Term
Local : 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.54.97 |
|
UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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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.