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Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
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Name : |
KINGSWOOD PRESS PTY. LTD. |
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Registered Office : |
Ground
Floor, 1925 Logan Road, Upper Mount Gravatt, Queensland 4122 |
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Country : |
Australia. |
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Date of Incorporation : |
21.04.1988 |
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Com. Reg. No.: |
010806176 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Engaged
in providing printing and packaging services for brochures, newsletters,
posters, calendars, magazines, catalogues and books. |
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No. of Employees : |
40 |
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 : |
Usually correct |
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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) |
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Australia. |
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 |
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.
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Source : CIA |
Verified Address
Subject
name : KINGSWOOD PRESS PTY.
LTD.
Business
address : 80 Parramatta Road
Town :
Underwood
Province
: Queensland
Zip/postal
code : 4119
Country
: Australia
Tel : +61 7 32081122
Fax : +61 7 32081620
Email : sales@kingswoodpress.com.au
Website : www.kingswoodpress.com.au
Registered
address : Ground Floor, 1925 Logan
Road
Town :
Upper Mount
Gravatt
Province
: Queensland
Zip/postal
code : 4122
Country
: Australia
Postal
address : P.O. Box 3121
Town :
Logan City DC
Province
: Queensland
Zip/postal
code : 4114
Country
: Australia
Executive Summary
Date
founded or registered : 21/04/1988
Legal
form : Australian
Proprietary Company
Chief
executive : Mark
Anthony Keeffe
Issued
& paid up capital : AUD
10,025
Sales
turnover : AUD 7,700,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line
of business : Printing
services company.
Staff
employed : 40
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 : 21/04/1988
Legal
form : Australian
Proprietary Company
Registration
no Australia Company Number: 010806176
Registered
authority : Australian Securities and
Investments Commission
Fiscal/
Tax no : Australia Business Number: 52010806176
Registry
status : Live/Active
Previous
name : None
reported.
Change
of legal form : None
reported.
Key Management
Name :
Mark Anthony
Keeffe
Designation
: Managing Director
Name :
Philip Rob Moody
Designation
: Director
Name :
Deanne Troughton
Designation
: Financial Manager
Name :
Stuart Strong
Designation
: Sales Manager
Appointments
Name :
Mark Anthony Keeffe
Designation
: Director and Company Secretary
Appointment
date : 26/04/88
Address
: Unit 16, 10 Penina Circuit
Loganholme,
QLD 4129
Australia
Biography
: Born on 01-10-1956 in Cloncurry, Queensland, Australia.
Name :
Philip Rob Moody
Designation
: Director
Appointment
date : 26/04/88
Address
: 'Springwood Tower' Unit 905
9-15
Murrajong Road
Springwood,
QLD 4127
Australia
Biography
: Born on 24-08-1958 in Brisbane, Queensland, Australia.
Staff
employed : 40 employees
Composition
Authorized
Capital : AUD 10,025
No of shares
: 25 B Class Ordinary Shares / 10,000 Ordinary Shares
Share
par value : AUD 1
Issued
capital : AUD 10,025
Paid
up capital : AUD 10,025
OWNERSHIP
/ SHAREHOLDERS
How
listed : Full List
Composition
Shareholder
name : Mark Anthony Keeffe
Address
: Unit 16, 10 Penina Circuit
Loganholme,
QLD 4129
Australia
No. of
shares : 25 B Class Ordinary Shares / 5,000 Ordinary Shares
Shareholder
name : Philip Rob Moody
Address
: 'Springwood Tower' Unit 905
9-15
Murrajong Road
Springwood,
QLD 4127
Australia
No. of
shares : 5,000 Ordinary Shares
Structure
Related
companies and corporate
affiliations
comments
: None
reported.
Bank Details
Name
of bank : Westpac Banking Corporation
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 : 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 0.95 as of 02-04-2013
Summarized Financial Information
Consolidation
type : Non Consolidated Non
Consolidated
Currency
: Australia
Dollar (AUD) Australia
Dollar (AUD)
Denomination
: (x1) One (x1)
One
Date
of financial year end : 30/06/12 30/06/11
Length
of accounts : 12 months 12
months
Sale
turnover / Income : 7,700,000 7,800,000
Comments
: The estimated turnover was provided by Mr. Mark Anthony Keeffe.
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 $12.5 million, and
-The
company and any entities it controls have fewer than 50 employees at the
end of
the financial year.
Main
activities : The Subject is engaged in providing printing and packaging
services for
brochures,
newsletters, posters, calendars, magazines, catalogues and
books.
Product
& services : Printing services
Digital
printing services
Prepress
services
Binding
services
Packaging
services
Purchases
International
: Taiwan
Sales
Local
: Yes
International
: Papua New Guinea
Property & Assets
Premises
: The Subject operates from premises at the verified heading address
consisting
of a administrative office and printing facility.
Branches
: None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Reserve
Bank of Australia
Reserve
of foreign exchange & gold : US$
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
International
: Prepayment, Telegraphic transfer, Credit 30-60 days
Sales Term
Local
: Prepayment, Bank transfer, Credit 30-60 days
International
: Prepayment, Telegraphic transfer, 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.54.33 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.81 |
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 |
|
<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.