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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
NEWSTYLE PRINTING CO. PTY. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.08.1973 |
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Com. Reg. No.: |
007749706 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Commercial printing services. |
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No. of Employees : |
80 employees |
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 : |
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 : NEWSTYLE PRINTING CO. PTY. LTD.
Business address :
41 Manchester Street
Town : Mile End
Province : South Australia
Zip/postal code : 5031
Country : Australia
Tel : +61 8 82346155
Fax : +61 8 82346115
Website : www.newstyleprint.com.au
Registered address
: 305 Unley Road
Town : Malvern
Province : South Australia
Zip/postal code : 5061
Country : Australia
Executive Summary
Date founded or
registered : 13/08/1973
Legal form : Australian
Proprietary Company
Chief executive : Ian Lloyd Richards
Issued & paid
up capital : AUD 10,000
Line of business :
Commercial printing
services.
Staff employed : 80 employees
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management
experience : Management is adequately experienced
Financial
performance : Financial performance is fair
Organization
structure : Organizational structure is stable
Detrimental : No
detrimental found
Payment history : No payment delays noted
Registry Data
Registration date
: 13/08/1973
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
007749706
Registered authority
: Australian Securities and
Investments Commission
Fiscal/ Tax no : Australian Business Number:
52007749706
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Ian Lloyd Richards
Designation : Managing Director
Name : Kym Burns
Designation : General Manager
Name : Luke Richards
Designation : Sales Manager
Appointments
Name : Barbara Lesley Richards
Designation : Director and Company Secretary
Appointment date :
07/04/76
Address : 13 Woodland Road
Springfield, SA 5062
Australia
Biography : Born on 08-08-1952 in Adelaide, South
Australia, Australia.
Name : Ian Lloyd Richards
Designation : Director
Appointment date :
15/08/73
Address : 13 Woodland Road
Springfield, SA 5062
Australia
Biography : Born on 23-12-1947 in Adelaide, South
Australia, Australia.
Staff employed :
80 employees
Key Advisors
Auditors : ANDREW WILLING CHARTERED ACCOUNTANT
Level 1, 19 Sturt Street
Adelaide, SA 5000
Australia
Composition
Authorized Capital
: AUD 10,000
No of shares : 3,000 Class A Shares / 3,000
Class B Shares / 4,000 Class C Shares
Share par value : AUD 1
Issued capital : AUD 10,000
Paid up capital : AUD 10,000
How listed : Full List
Composition
Shareholder name :
Ian Lloyd Richards
Address : 13 Woodland Road
Springfield, SA 5062
Australia
No. of shares : 2,700 Class A Shares / 2,700 Class B Shares
Shareholder name :
Kym Christopher Burns
Address : 14 Ford Avenue
Torrens Park, SA 5062
Australia
No. of shares : 300 Class A Shares / 300 Class B Shares / 400
Class C Shares
Shareholder name :
LLOYD WATTS PTY. LTD.
Address : 305 Unley Road
Malvern, SA 5061
Australia
No. of shares : 3,600 Class C Shares
Structure
Name : LLOYD WATTS PTY. LTD.
Affiliation type :
Shareholder
Address : 305 Unley Road
Malvern, SA 5061
Australia
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.
Comments : The representative contacted Mr. Kym Burns
advised that the Subject annual
turnover is between AUD 10-15 million.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees
at the
end of the financial year.
Main activities : The Subject engages in commercial
printing services.
Product &
services : Commercial printing
services: Offset & digital printing
Purchases
Local : Yes
International : Taiwan
Sales
Local : Yes
International : No exports.
Property & Assets
Premises : The Subject operates from
premises at the verified heading address
consisting of a printing facility, warehouse and administrative office.
Branches : In addition, the Subject
operates from branch offices located at:
Suite 112, 330 Wattle Street
Ultimo, NSW 2007
Australia
Tel: +61 2 92819333
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign
exchange & gold : US$ 46.714
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 : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate
: 2010: 5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General
Government gross debt as
a % GDP): 2010:
20.4%
2011: 22.9%
2012: 24%
Government bond
ratings : Standard
& Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value of
publicly traded
shares: US$1.198
trillion
Largest companies
in the country : Qantas Airways
(Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal Services),Crown Ltd (Casinos &
Gaming), Amcor (Containers & Packaging),Suncorp-Metway (Diversified
Insurance), BHP Billiton (Diversified Metals & Mining),Newcrest Mining
(Diversified Metals & Mining), Orica (Diversified Metals & Mining),
Iluka Resources (Diversified Metals & Mining), Origin Energy (Electric
Utilities), AGL Energy (Electric Utilities), Wesfarmers (Food Retail),
Woolworths (Food Retail), Metcash (Food Retail), Macquarie Group (Investment
services), AMP (Investment services), Challenger Ltd (Investment services),
Fortescue Metals Group (Iron & Steel), Bluescope Steel (Iron & Steel),
Commonwealth Bank (Major Banks), Westpac Banking Group (Major Banks), National
Australia Bank (Major Banks), ANZ (Major Banks), Woodside Petroleum (Oil &
Gas Operations), Santos (Oil & Gas Operations), Caltex Australia (Oil &
Gas Operations), WorleyParsons (Oil Services & Equipment), Toll Holdings
(Other Transportation), Transurban Group (Other Transportation), QBE Insurance
Group (Property & Casualty Insurance), Insurance Australia Group (Property
& Casualty Insurance), QR National (Railroads), Westfield Group (Real
Estate), Stockland Australia (Real Estate), Westfield Retail Trust (Real Estate),
Lend Lease (Real Estate), CFS Retail Property Trust (Real Estate), Goodman
Group (Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank of
Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals), Telstra
(Telecommunications Services)
Trade & Competitiveness Overview
Total exports : US$263.9
billion
Exports commodities : Coal,
iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Total imports : US$239.7
billion
Imports
commodities : Machinery
and transport equipment, computers and office machines,
telecommunication equipment and parts; crude oil and petroleum products
Export - major
partners : China
27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Import - major
partners : China 18.5%,
US 11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009:
US$26,554 million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows : 2009:
US$16,693 million
2010: US$12,791 million
2011: US$19,999 million
Best countries for
doing business : 10 out of 185
countries
Global
competitiveness ranking : 20
(ranking by country on a basis of 144, the first is the best)
Country and Population Overview
Total population :
22.68
million
Total area : 7,692,024
km2
Capital : Canberra
Currency :
Australian dollars (AUD)
Internet users as
% of total
population: 79%
Purchase Term
Local : Prepayment, Bank transfer, Credit
30-90 days
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 |
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US Dollar |
1 |
Rs.59.70 |
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1 |
Rs.92.25 |
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Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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.