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Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
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Name : |
PLATYPUS GRAPHICS PTY. LTD. |
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Formerly Known As : |
NOXCORP PTY. LTD. (initial) |
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Registered Office : |
C/o HANRICK CURRAN, Level 11, 307 Queen Street, Brisbane, Queensland
4000 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
07.06.1989 |
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Com. Reg. No.: |
010942417 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Manufacturing of packaging products and provides printing,
embellishing and binding services. |
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No. of Employees : |
83 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 – March, 31st, 2013
|
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.
|
Source
: CIA |
Verified Address
Subject name : PLATYPUS
GRAPHICS PTY. LTD.
Other style / Business name : PLATYPUS
PRINT / PLATYPACK
Business address : 24
Webster Road
Town : Stafford
Province : Queensland
Zip/postal code : 4053
Country : Australia
Tel : +61 7 33520300
Fax : +61
7 38564159
Email : platypus@platypusgraphics.com
Website : www.platypusgraphics.com
Registered address : C/o
HANRICK CURRAN
Level 11, 307
Queen Street
Town : Brisbane
Province : Queensland
Zip/postal code : 4000
Country : Australia
Executive Summary
Date founded or registered : 07/06/1989
Legal form : Australian
Proprietary Company
Chief executive : Thomas
Claude Lusch
Issued & paid up capital : AUD
120
Sales turnover : AUD
20,301,683 (Non-Consolidated 12 months, 30/06/2012)
Net income : AUD
386,703 (Non-Consolidated 12 months, 30/06/2012)
Total fixed assets : AUD
16,156,617 (Non-Consolidated 12 months, 30/06/2012)
Line of business :
Manufacturing of
packaging products and provides printing, embellishing and binding services.
Staff employed : 83
employees
Company Analysis
Country risk : Country
risk is minimal
Operation trend : Operational
trend is progressing
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 : 07/06/1989
Legal form : Australian
Proprietary Company
Registration no Australian Company Number: 010942417
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian
Business Number: 89010942417
Registry status : Live/Active
Previous name : NOXCORP
PTY. LTD. (initial)
Change of legal form : None
reported.
Other registration
: PLATYPUS
PRINT is a business name owned by the Subject registered on 09/04/2001 under
business registration no: BN17619543.
PLATYPACK is a business name owned by the
Subject registered on 17/08/2001 under business registration no: BN17771948.
Key Management
Name : Thomas
Claude Lusch
Designation : Managing
Director
Appointments
Name : Thomas
Claude Lusch
Designation : Director
Appointment date : 29/06/89
Address : 156
Kedron Brook Road
Wilston, QLD 4051
Australia
Biography : Born
on 05-01-1955 in Melbourne, Victoria, Australia.
Staff employed : 83
employees
Key Advisors
Auditors : HANRICK
CURRAN AUDIT PTY LTD
Level 11, 307 Queen Street
Brisbane, QLD 4000
Australia
Composition
Authorized Capital : AUD 120
No of shares : 120
Ordinary shares
Share par value : AUD 1
Issued capital : AUD
120
Paid up capital : AUD
120
How listed : Full
List
Composition
Shareholder name : DRAYGON
PTY. LIMITED
Address : C/o
HANRICK CURRAN
Level 11, 307 Queen Street
Brisbane, QLD 4000
Australia
No. of shares : 120
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 : 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
: 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 : 20,301,683
20,235,399
Gross profit : 5,054,225
5,290,777
Profit before tax : 576,767
866,429
Net income : 386,703
605,573
Non current assets : 9,940,366
8,437,113
Current assets : 6,216,251
8,132,552
Inventories : 2,418,755
3,391,493
Total assets : 16,156,617
16,569,665
Current liabilities : 4,170,751
4,775,008
Non current liabilities : 638,532
834,025
Total liabilities : 4,809,283
5,609,033
Share equity : 11,347,334
10,960,631
Retained earning : 11,047,332
10,660,629
Main activities : The Subject engages in manufacturing
of packaging products and provides printing, embellishing and binding services.
Product & services : -Commercial
and general printing and binding services
-Digital Printing
-Packaging products such as cartons, boxes
etc
Purchases
Local : Yes
International : Asian
countries
Sales
Local : Yes
International : New
Zealand, Asia
Key events : 25
May 2013
Rivers of gold flow for best of the best at
National Print Awards Offset Alpine and Platypus Graphics each took a hat trick
of gold medals at this year’s National Print Award – as did Geon’s former Perth
business.
The 30th annual award ceremony was held at
the Palladium Ballroom at Crown Casino on Friday night, following the fourth
day of PacPrint13.
Sydney-based Offset Alpine also took home
two silvers and a bronze, while Queensland-based Platypus added three silvers
to its haul.
One of the biggest winners of the night was
Bassendean-based Geon, which has since returned to its original name of Advance
Press after being taken over by a management buyout in March. The company took
home three golds, two silvers and three bronzes.
Melbourne printer McKellar Renown can also
make a strong argument as the night’s most successful printer, having scooped
two golds as well as two of the prestigious Sponsors Awards: the Heidelberg
Australia Award and the Fuji Xerox Effectiveness Award.
The gala ceremony took the theme of the
‘Midas Touch’, and a cascade of gold flowed from the stage to printers from
every state.
Two more Victorian printers won at home with
two golds apiece, Adams Print and RA Printing, while a bevy of other printers
each won a single gold.
Source: www.platypusgraphics.com
5 October 2012
Platypus races clock to complete 'biggest
single job' of 3.5 million Platypus Graphics has completed its largest
commercial printing job after turning itself into a 24-hour shop and overcoming
machinery problems.
Owner Tom Lusch told ProPrint that the 3.5
million-run project was "the biggest single job we've ever done".
"To get a run of a million – I've only
had two or three in my lifetime," said Lusch, who would not reveal the
client.
Printing is a minor part of the operations
of the $21 million Brisbane firm, which derives 65% of its turnover from
packaging.
The record-breaking job was printed on a
10-colour Komori SP 540 and completed in a tight three-week period in August,
said Lusch.
"The job should have gone web, but they
didn't want to print web and being sheetfed it was a bit more flexible,"
he said.
"We were given the job because we said
we'd deliver it and we did. There wasn't a lot of room for things to break
down."
Lusch said the good thing about having such
a strict deadline was that it forced the company to fix equipment malfunctions
or imperfections that it had previously worked around.
Platypus normally operates two shifts from
Monday to Friday, but switched to a six-day, three-shift schedule, he said.
Staff were given two months' notice to
organise their shifts and were very cooperative, said Lusch.
Source: www.proprint.com.au
21 July 2012
Platypus Graphics sales hit $21m after assault
on packaging market Platypus Graphics has predicted that its superior packaging
arsenal and the demise of rivals that undercut the market will help it push
revenuebeyond $21 million.
Owner Tom Lusch told ProPrint that the
80-staff operation had "double" the packaging capacity of any
Queensland rival.
The past two years have seen Platypus invest
in two Bobst 106 diecutters and a six-colour plus coater KBA Rapida 106 to go
with an existing six-colour plus coater Manroland 700, said Lusch.
Packaging now comprises 65% of the Brisbane
company's business, he added.
"Packaging has been growing steadily
for the past five years… Packaging is the future for us."
According to its most recent ASIC filing,
for 2010-11, Platypus revenues rose 7.4% year-on-year to $20.2 million but
post-tax profits fell 53% to $606,000.
Lusch said in the 12 months since the report
was filed, revenues had climbed to about $21 million despite the more
challenging market, and looked set to continue rising.
He said trading conditions had become
slightly more favourable due to the demise of a few printers who were
undercutting the market.
The Queensland government's recent decision
to exit commercial printing may also benefit Platypus, said Lusch.
Source: www.proprint.com.au
Property &
Assets
Premises : The Subject operates from
premises at the verified heading addressconsisting of a production and printing
facilities, warehouse and administrative office.
Branches : None
reported.
Gross Domestic Products
(GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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 : Bank
transfer, Credit 30-90 days
International : Prepayment,
Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Prepayment,
Bank transfer, Credit 30-90 days
International : Prepayment,
Telegraphic 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.58.45 |
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|
1 |
Rs.91.60 |
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Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
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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 |
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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.