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Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
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Name : |
FLOW
PRINTING AUSTRALIA PTY LTD |
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Registered Office : |
C/o WILLIAM BUCK (VIC) PTY LTD, 3123 |
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Country : |
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Date of Incorporation : |
20.05.2008 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Provides commercial printing services |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 : FLOW PRINTING
AUSTRALIA PTY LTD
Business
address : 68 Woodlands Drive
Town :
Braeside
Province
: Victoria
Zip/postal
code : 3195
Country
: Australia
Tel : +61 3 85878333
Fax : +61 3 95873366
Email
: sales@flowprinting.com.au
Website
: www.flowprinting.com.au
Registered
address : C/o WILLIAM BUCK (VIC) PTY
LTD
465 Auburn Road
Town :
Hawthorn East
Province
: Victoria
Zip/postal
code : 3123
Country
: Australia
Executive Summary
Date
founded or registered : 20/05/2008
Legal
form : Australian
Proprietary Company
Chief
executive : Ryan
Geoffrey Carter
Issued
& paid up capital : AUD
100
Sales turnover : AUD
2,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line
of business : Commercial
printing services.
Staff
employed : 5
employees
Credit Risk Interpretation
Credit
risk rating : PASSABLE
Credit risk theory : Some
indications of financial and operational stress. More caution is recommended
when considering granting credit. Smaller credits plus loan guarantees is an
advantage. A strict credit control policy applies.
Company Analysis
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
modestly experienced
Financial
performance : Financial
performance is fair
Organization
structure : Organizational
structure is acceptable
Detrimental
: No detrimental records found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 20/05/2008
Legal
form : Australian
Proprietary Company
Registration
no Australian Company Number: 131190773
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no : Australian Business Number: 93645059273
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Key Management
Name :
Ryan Geoffrey
Carter
Designation
: Managing Director
Appointments
Name :
Ryan
Geoffrey Carter
Designation
: Director and
Company Secretary
Appointment
date : 20/05/08
Address
: 5
Verdure Crescent
Cheltenham, VIC 3192
Australia
Biography
: Born on
28-12-1973 in Melbourne, Victoria, Australia.
Staff
employed : 5
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 : Ryan Geoffrey Carter
Address
: 5 Verdure Crescent
Cheltenham, VIC 3192
Australia
No. of
shares : 100 Ordinary Shares
% of
shares : 100%
Structure
Related
companies and corporate
affiliations
comments
: None
reported.
Bank Details
Name of
bank : Commonwealth Bank of
Australia
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 : External
Sources
Financial
statement date : 30/06/11
Type
of accounts : Estimated
key figures
Currency
: Australia
Dollar (AUD)
Exchange
rate : 1
USD = AUD 0.95 as of 13-09-2012
Summarized Financial Information
Consolidation
type : Non
Consolidated
Currency
: Australia
Dollar (AUD)
Denomination
:
(x1) One
Date
of financial year end : 30/06/11
Length
of accounts : 12
months
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
$12.5 million, and -The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main
activities : The
Subject provides commercial printing services.
The Subject's customers include Mazda, Chelsea, Smiggle,
Heatcraft, Musashi, Hallmark, Patties Foods, Beacon and Best & Less.
Product & services : Commercial
printing and related services: Offset printing, digital printing and binding
Printing supplies Warehousing
Purchases
International
: Asia
Sales
Local
: Yes
International
: No exports.
Property & Assets
Premises
: The Subject operates from
premises located at the verified heading address consisting of printing
facilities, warehouse and administrative.
Branches
: None
reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
41.385 billion
Gross
domestic product - GDP : US$
1.235 trillion
GPP
(Purchasing power parity) : 918.529
billion of International dollars
GDP
per capita - current prices : US$
55,590
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 : 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 : 2007: US$45,477 million
2008:
US$46,722 million
2009:
US$22,572 million
FDI
Outflows : 2007: US$16,822 million
page
10 / 12
2008:
US$32,819 million
2009:
US$18,426 million
Best
countries for doing business : 10 out of 183 countries
Global
competitiveness ranking : 16 (ranking by country on a basis of 133, 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
:
74.00%
Purchase Term
International
: Prepayment, Telegraphic transfer, Credit 30-90 days
Sales Term
Local
: Prepayment, Bank 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 sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.72 |
|
|
1 |
Rs.88.60 |
|
Euro |
1 |
Rs.71.34 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.