MIRA INFORM REPORT
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Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
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Name : |
LABELMAKERS GROUP PTY. LTD |
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Registered Office : |
'Rialto Towers' Level 29, 525 Collins Street, Melbourne, Victoria, Zip/postal code 3000 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
10.06.2005 |
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Com. Reg. No.: |
114717814 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Label
manufacturing and printing. |
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No. of Employees : |
258 |
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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia''s abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, 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 is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Source : CIA |
Verified Address
Subject name : LABELMAKERS GROUP PTY. LTD.
Business
address : 55 Austrak Drive
Town : Somerton
Province : Victoria
Zip/postal
code : 3062
Country : Australia
Tel : +61 3 93033300
Fax : +61 3 93053040
Website : www.labelmakers.com.au
Registered
address : 'Rialto Towers' Level 29
525 Collins Street
Town : Melbourne
Province : Victoria
Zip/postal
code : 3000
Country : Australia
Executive Summary
Date founded
or registered : 10/06/2005
Legal form : Australian
Proprietary Company
Chief
executive : Kevin
Leslie Bamford
Issued &
paid up capital : AUD 79,600,000
Sales turnover
: AUD 129,509,847
(Consolidated 12 months, 30/06/2012)
Net income : AUD 2,379,237
(Consolidated 12 months, 30/06/2012)
Total fixed
assets : AUD
162,271,117 (Consolidated 12 months, 30/06/2012)
Line of
business : Label
manufacturing and printing.
Staff employed
: 258 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 : 10/06/2005
Legal form : Australian
Proprietary Company
Registration
no Australian
Company Number: 114717814
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australian
Business Number: 41114717814
Registry
status : Live/Active
Previous name
: None reported.
Change of
legal form : None reported.
Key Management
Name : Kevin Leslie
Bamford
Designation : Managing Director
Name : Rod Bryan
Designation : General Manager
Name : Graeme Lang
Designation : Technical Manager
Appointments
Name : Kevin
Leslie Bamford
Designation : Director and Company
Secretary
Appointment
date : 10/06/05
Address : 1415 Arthurs
Creek Road
Doreen, VIC 3754
Australia
Biography : Born on 09-01-1945
in Melbourne, Victoria, Australia.
Staff employed
: 258 employees
Key Advisors
Auditors : GRANT THORNTON AUDIT PTY
LTD
"Rialto Towers" Level 30
525 Collins Street
Melbourne, VIC 3000
Australia
Composition
Authorized
Capital : AUD 79,600,000
No of shares :
79,600,000
Ordinary Shares
Share par
value : AUD 1
Issued capital
: AUD 79,600,000
Paid up capital :
AUD 79,600,000
How listed : Full List
Composition
Shareholder
name : LABELMAKERS GROUP
HOLDINGS PTY LTD
Address : 55 Austrak
Drive
Somerton, VIC 3062
Australia
No. of shares
: 75,500,000
Ordinary Shares
Shareholder
name : BROADMORE
PROPRIETARY LIMITED
Address : 55 Austrak
Drive
Somerton, VIC 3062
Australia
No. of shares
: 4,100,000
Ordinary Shares
Structure
Name : LABELMAKERS GROUP
HOLDINGS PTY LTD
Affiliation
type : Parent
Company
Address : 55 Austrak Drive
Somerton, VIC 3062
Australia
Name : BROADMORE PROPRIETARY
LIMITED
Affiliation
type : Shareholder
Address : 55 Austrak Drive
Somerton, VIC 3062
Australia
Name : LABELMAKERS GROUP WA
PTY. LTD.
Affiliation
type : Subsidiary
Address : 24 Century Road
Malaga, WA 6090
Australia
Name : LABELMAKERS LIMITED
Affiliation
type : Subsidiary
Address : 2 Foreman Road
Te Rapa, Hamilton 3257
New Zealand
Name : LABELMAKERS (AUST.)
PTY. LTD.
Affiliation
type : Subsidiary
Address : 55 Austrak Drive
Somerton, VIC 3062
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 :
Satisfied Charges:
ASIC Charge
Number: 1178807
Date
Registered: 06-07-2005
Charge type:
Both Fixed & Floating
Date Created:
01-07-2005
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
Unsatisfied Charges:
ASIC Charge
Number: 1323958
Date
Registered: 11-07-2006
Charge type:
Fixed
Date Created:
30-06-2006
Chargees Name:
WESTPAC BANKING CORPORATION
ASIC Charge
Number: 1332134
Date
Registered: 20-07-2006
Charge type:
Fixed
Date Created:
03-07-2006
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 1332721
Date
Registered: 20-07-2006
Charge type:
Fixed
Date Created:
03-07-2006
Chargees Name:
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge
Number: 1377007
Date
Registered: 09-11-2006
Charge type:
Fixed
Date Created:
03-10-2006
Chargees Name:
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
ASIC Charge
Number: 1540451
Date
Registered: 07-11-2007
Charge type:
Fixed
Date Created:
17-10-2007
Chargees Name:
CBFC LIMITED
ASIC Charge
Number: 1666033
Date
Registered: 21-07-2008
Charge type:
Fixed
Date Created:
15-07-2008
Chargees Name:
CBFC LIMITED
ASIC Charge
Number: 1691069
Date
Registered: 09-09-2008
Charge type:
Fixed
Date Created:
28-08-2008
Chargees Name:
CBFC LIMITED
ASIC Charge
Number: 2003064
Date
Registered: 30-06-2010
Charge type:
Fixed
Date Created:
26-05-2010
Chargees Name:
COMMONWEALTH BANK OF AUSTRALIA
ASIC Charge
Number: 2123793
Date
Registered: 31-01-2011
Charge type:
Fixed
Date Created:
29-12-2010
Chargees Name:
NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge
Number: 2137216
Date
Registered: 02-03-2011
Charge type:
Both Fixed & Floating
Date Created:
21-02-2011
Chargees Name:
COMMONWEALTH BANK OF AUSTRALIA
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Source of
financial statement : Commercial
Registry Filings
Financial
statement date : 30/06/12
Type of
accounts : Full
audited
Currency : Australia
Dollar (AUD)
Exchange rate
: 1
USD = AUD 1.06 as of 18-06-2013
Summarized
Financial Information
Consolidation
type : Consolidated
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 : 129,509,847
133,618,412
Profit before
tax : 3,960,077
10,982,201
Net income : 2,379,237
2,323,925
Non current
assets : 111,676,600 119,409,060
Current assets
: 50,594,517
48,131,320
Inventories : 13,768,183
19,687,849
Total assets :
162,271,117 167,540,380
Current
liabilities 62,944,946
67,110,288
Non current
liabilities : 12,817,111
15,124,802
Total
liabilities : 75,762,057
82,235,090
Share equity 86,509,060
85,305,290
Reserve : 62,556
28,023
Retained
earning : 6,846,504
5,677,267
Comments : The consolidated
financial information above relates to the Subject and
all its subsidiaries
PERATION DETAILS
Main
activities : The
Subject is engaged as a label manufacturing and printing company.
The Subject serves wine, small goods, personal care, household
products,
transport, food and beverage, warehousing, pharmaceutical, pet
food,
supermarkets, retail ready, and track and trace market segments in
Australasia and internationally.
Product & services :
The Subject
offers various pressure sensitive, wet-glue, roll-fed wrap around, pallet ID,
promotional, VIP, RFID, and shrink sleeve labels; and self-adhesive, cut and
stack, roll-fed and ROSO, direct thermal, and
thermal
transfer products, as well as thermal ribbons.
Purchases
International
: Mainly from United
States, Germany, Taiwan, China
Sales
Local : Yes
International
: New Zealand
Property &
Assets
Premises : The Subject
operates from premises at the verified heading address
consisting of a production facility, warehouse and
administrative office.
Branches : In addition, the
Subject operates from branch production facility and
warehouse located at:
Production facility:
62-66 Freight Drive
Somerton, VIC 3062
Australia
Tel: +61 3 93033500
Warehouse:
47 Naweena Road
Regency Park, SA 5010
Australia
Tel: +61 413 262 660
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 Terms
Local : Bank transfer,
Prepayment, Credit up to 90 days
International
: L/C, Telegraphic
transfer, Prepayment, Credit up to 90 days
Sales Term
Local : Bank transfer,
Prepayment, Credit up to 90 days
International
: L/C, Telegraphic
transfer, Credit up to 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.58.45 |
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UK Pound |
1 |
Rs.91.60 |
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Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
|
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 |
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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.