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Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
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Name : |
PRINT WORKS (QUEENSLAND) PTY. LTD. |
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|
|
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Registered Office : |
90 Basalt
Street, Geebung, Queensland, 4034 |
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Country : |
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Date of Incorporation : |
27.07.1995 |
|
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|
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Reg. No.: |
070510011 |
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|
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Legal Form : |
Australian Proprietary Company |
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|
|
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Line of Business : |
Commercial
printing services. |
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|
|
No. of Employees : |
30 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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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 : PRINT WORKS (QUEENSLAND) PTY.
LTD.
Business address : 90 Basalt Street
Town : Geebung
Province : Queensland
Zip/postal code : 4034
Country : Australia
Tel : +61 7 38654433
Fax : +61 7 38652338
Email :
corporateservices@printworks.net.au
Website : www.printworks.net.au
Registered address
: 90 Basalt Street
Town :
Geebung
Province : Queensland
Zip/postal code : 4034
Country : Australia
Postal address : P.O. Box 32
Town : Geebung
Province : Queensland
Zip/postal code : 4034
Country : Australia
Executive Summary
Date founded or
registered : 27/07/1995
Legal form : Australian
Proprietary Company
Chief executive : Paul Barry Scanlon
Issued & paid
up capital : AUD 2
Sales turnover : AUD 7,000,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line of business : Commercial printing
services.
Staff employed : 30 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 good
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date :
27/07/1995
Legal form :
Australian Proprietary Company
Registration no
Australian Company Number :
070510011
Registered
authority :
Australian Securities and Investments Commission
Fiscal/ Tax no :
Australian Business Number: 39395540658
Registry status :
Live/Active
Previous name :
None reported.
Change of legal
form :
None reported.
Key Management
Name : Paul Barry Scanlon
Designation : Managing Director
Name : Suzette Louise Scanlon
Designation : Director
Appointments
Name : Paul Barry Scanlon
Designation : Director and Company
Secretary
Appointment date : 27/07/95
Address : 29 Ford Street
Clayfield, QLD 4011
Australia
Biography : Born on 04-06-1969 in
Brisbane, Queensland, Australia.
Name : Suzette Louise
Scanlon
Designation : Director
Appointment date : 29/03/96
Address : 29 Ford Street
Clayfield, QLD 4011
Australia
Biography : Born on 14-07-1970 in Brisbane,
Queensland, Australia.
Staff employed : 30 employees
Composition
Authorized Capital
: AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD 2
How listed : Full List
Composition
Shareholder name : Paul Barry Scanlon
Address : 29 Ford Street
Clayfield, QLD 4011
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : Suzette Louise Scanlon
Address : 29 Ford Street
Clayfield, QLD 4011
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Structure
Related companies
and corporate affiliations comments :
None reported.
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
on 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 : 510327
Date Registered : 09-10-1995
Charge type :
Both Fixed & Floating
Date Created :
03-10-1995
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 533681
Date Registered: 04-04-1996
Charge type: Both Fixed & Floating
Date Created: 29-03-1996
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 795448
Date Registered: 17-04-2001
Charge type: Fixed
Date Created: 30-03-2001
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1041488
Date Registered: 07-05-2004
Charge type: Fixed
Date Created: 28-04-2004
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1050863
Date Registered: 09-06-2004
Charge type: Fixed
Date Created: 07-06-2004
Chargees Name: CBFC LIMITED
ASIC Charge Number: 1059200
Date Registered: 08-07-2004
Charge type: Fixed
Date Created: 01-07-2004
Chargees Name: CBFC LIMITED
Unsatisfied Charges:
ASIC Charge Number: 868091
Date Registered: 12-06-2002
Charge type: Fixed
Date Created: 27-05-2002
Chargees Name: CBFC LIMITED
ASIC Charge Number: 914796
Date Registered: 08-01-2003
Charge type: Fixed
Date Created: 20-12-2002
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 967208
Date Registered: 08-08-2003
Charge type: Fixed
Date Created: 21-07-2003
Chargees Name: SUNCORP-METWAY LIMITED
ASIC Charge Number: 1262329
Date Registered: 27-01-2006
Charge type: Fixed
Date Created: 20-01-2006
Chargees Name: TOYOTA FINANCE AUSTRALIA LTD
ASIC Charge Number: 1338429
Date Registered: 02-08-2006
Charge type: Fixed
Date Created: 20-07-2006
Chargees Name: CAPITAL FINANCE AUSTRALIA LIMITED
ASIC Charge Number: 1516897
Date Registered: 21-09-2007
Charge type: Fixed
Date Created: 29-08-2007
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1612721
Date Registered: 31-03-2008
Charge type: Fixed
Date Created: 20-02-2008
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1676488
Date Registered: 07-08-2008
Charge type: Fixed
Date Created: 30-07-2008
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1703943
Date Registered: 08-10-2008
Charge type: Fixed
Date Created: 01-10-2008
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1755624
page 9 / 15
Date Registered: 12-02-2009
Charge type: Fixed
Date Created: 03-02-2009
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1764507
Date Registered: 11-03-2009
Charge type: Fixed
Date Created: 25-02-2009
Chargees Name: WESTPAC BANKING CORPORATION
ASIC Charge Number: 1772869
Date Registered: 02-04-2009
Charge type: Both Fixed & Floating
Date Created: 20-03-2009
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 1958304
Date Registered: 14-04-2010
Charge type: Fixed
Date Created: 31-03-2010
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge Number: 2036981
Date Registered: 25-08-2010
Charge type: Fixed
Date Created: 16-08-2010
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 2124658
Date Registered: 01-02-2011
Charge type: Both Fixed & Floating
Date Created: 13-01-2011
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 26-11-2012
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 : 7,000,000
Comments : The estimated
turnover was provided by Ms. Suzette Louise Scanlon.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50 employees
at the end of the financial year.
Main activities : The Subject is engaged in
providing commercial printing services.
In addition, the Subject also provides warehousing and logistics service
for their clients.
Product &
services : Promotional printing
Publications printing
Packaging printing
Labels printing
Warehousing and logistics services
Purchases
Local : Yes
International : Taiwan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The
Subject operates from premises located at the verified heading address consisting
of a printing facilities, warehouse and administrative office.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank :
Reserve Bank of Australia
Reserve of foreign
exchange & gold : US$ 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
Local : Prepayment, Credit 60-90 days
International : Credit 60-90 days
Sales Term
Local : Credit 45 days
Trade Reference/ Payment
Behavior
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.55.70 |
|
|
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.