MIRA INFORM REPORT
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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
BSG AUSTRALIA PTY LTD |
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Formerly Known as: |
BINGO SALES (AUST) PTY LTD |
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Registered Office : |
20 Duntroon
Street, Brendale, Queensland, Zip/postal code 4500 |
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Country : |
Australia |
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Date of Incorporation : |
14.03.1979 |
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Com. Reg. No.: |
010075555 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Import and
distribution of bingo, club, fundraising and promotional products |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but 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 – 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 :
BSG AUSTRALIA PTY LTD
Business
address : 20 Duntroon Street
Town : Brendale
Province : Queensland
Zip/postal
code : 4500
Country : Australia
Tel : +61 7 38178900
Fax : +61 7 32053430
Email : info@bsgaustralia.com.au / qld.sales@bsgaustralia.com.au
Website : www.bsgaustralia.com.au
Registered
address : 20 Duntroon Street
Town : Brendale
Province : Queensland
Zip/postal
code : 4500
Country : Australia
Postal address
: P.O. Box 5250
Town : Brendale
Province : Queensland
Zip/postal
code : 4500
Country : Australia
Executive Summary
Date founded
or registered : 14/03/1979
Legal form : Australian
Proprietary Company
Chief
executive : Dennis
Keith Lever
Issued &
paid up capital : AUD 2,544,960
Line of
business : Import and
distribution of bingo, club, fundraising and promotional products.
Staff employed
: 60 employees
Company Analysis
Country risk :
Country risk
is minimal
Operation
trend : Operational
trend is declining
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is undetermined
Organisation
structure : Organisational
structure is stable
Detrimental : No
detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 14/03/1979
Legal form : Australian
Proprietary Company
Registration
no Australian
Company Number: 010075555
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australian
Business Number: 53010075555
Registry
status : Live/Active
Previous name
: BINGO SALES (AUST)
PTY LTD
BINGO SALES PTY. LTD.
TROUBER (54) PTY. LTD. (initial)
Change of
legal form : None reported.
Key Management
Name : Dennis Keith Lever
Designation : Managing Director
Name : Michael Keith Lever
Designation : Director
Appointments
Name : Dennis Keith Lever
Designation : Director and Company Secretary
Appointment
date : 16/03/95
Address : 7 Arrow Court
Newport, QLD 4020
Australia
Biography : Born on 20-02-1949 in
Brisbane, Queensland, Australia.
Name : Michael Keith Lever
Designation : Director
Appointment
date : 29/06/07
Address : 1 Grant Street
Redcliffe, QLD 4020
Australia
Biography : Born on 14-10-1977 in
Brisbane, Queensland, Australia.
Name : Pamela Frances Mary
Lever
Designation : Director
Appointment
date : 14/01/13
Address : 7 Arrow Court
Newport, QLD 4020
Australia
Biography : Born on 01-08-1952 in Lismore,
New South Wales, Australia.
Staff employed
: 60 employees
Composition
Authorized
Capital : AUD 2,544,960
No of shares :
1,070 Class A Shares /
2,543,890 Ordinary Shares
Share par
value : AUD 1
Issued capital
: AUD 2,544,960
Paid up capital : AUD
2,544,960
How listed : Full List
Composition
Shareholder
name : BSG GROUP HOLDINGS PTY LTD
Address : 20 Duntroon Street
Brendale, QLD 4500
Australia
No. of shares
: 1,070 Class A Shares /
2,543,890 Ordinary Shares
% of shares : 100%
Structure
Name : BSG GROUP HOLDINGS PTY LTD
Affiliation
type : Parent Company
Address : 20 Duntroon Street
Brendale, QLD 4500
Australia
Name : A.C.N. 103 158 989 PTY LTD
Affiliation
type : Sister Company
Address : 20 Duntroon Street
Brendale, QLD 4500
Australia
Comments : Formerly known as VOYAGER GAMING
TECHNOLOGIES PTY LTD
Status: Under External Administration.
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
Comments : The representative contacted
Ms. Melissa declined to provide any financial
information until the inquiring party details are revealed.
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 $12.5 million,
and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The
Subject engages in import and distribution of bingo, club, fundraising
and promotional products.
Product & services : -
Bingo
products: Bingo Electronics, Bingo systems, Bingo Tickets, Bingo
Accessories
etc
- Club
products: Visitor Sign-in Books, Coin Cups, Promotional Chatters,
Thermal and
Bond Rolls, Club Money / Funny Money, Loyalty Cards,
Birthday and
Christmas Voucher Cards, Simple Vend Ticket Machines
- Fundraising
products: Fundraising Electronics, Fundraising Promotional
Wheels,
Fundraising Break Opens - Lucky Envelopes, Fundraising Cards &
Tickets
- Printing
products: Brochures, Newsletters, Business Cards, Posters,
Flyers, Menus
and Wine Lists
- POS Terminal
- Promotional
products
Purchases
International
: Asian countries
Sales
Local : Yes
International
: New Zealand, Pacific Islands
Property &
Assets
Premises : The Subject operates from premises at the
verified heading address
consisting of a warehouse and administrative office.
Branches : In addition, the Subject operates from
branch offices located at:
Unit 1, 55 Norman Street
Peakhurst, NSW 2210
Australia
Tel: +61 2 95346444
123 Fairbairn Road
Sunshine West, VIC 3020
Australia
Tel: +61 3 93218400
3/1 Lindfield Avenue
Edwardstown, SA 5039
Australia
Tel: +61 8 81932600
96-106 Galvin Street
Launceston, TAS 7250
Australia
page
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Tel: +61 3 63440666
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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 Term
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.85 |
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UK Pound |
1 |
Rs.92.31 |
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Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
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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 |
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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.