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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SCOTT PRINTERS PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.08.1982 |
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Com. Reg. No.: |
008719515 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject provides commercial printing services. |
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No. of Employees : |
50 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
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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 : SCOTT
PRINTERS PTY LTD
Other style / Business name : SCOTT
PRINT
Business address : 4
Aberdeen Street
Town : Perth
Province : Western
Australia
Zip/postal code : 6000
Country : Australia
Tel : +61
8 92237788
Fax : +61
8 92237700
Email : info@scott.com.au
Website : www.scott.com.au
Registered address : 4
Aberdeen Street
Town : Perth
Province : Western
Australia
Zip/postal code : 6000
Country : Australia
Executive Summary
Date founded or registered : 31/08/1982
Legal form : Australian
Proprietary Company
Chief executive : Michael
Walter Scott
Issued & paid up capital : AUD
82
Line of business : Commercial
printing services.
Staff employed : 50
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 undetermined
Organisation structure : Organisational
structure is stable
Detrimental : No detrimental found
Payment history : No
payment delays noted
Registry Data
Registration date : 31/08/1982
Legal form : Australian
Proprietary Company
Registration no Australian Company number: 008719515
Registered authority : Australian
Securities and Investments Commission
Fiscal/ Tax no : Australian Business Number: 21008719515
Registry status : Live/Active
Previous name : None
reported.
Change of legal form : None
reported.
Other registration
: SCOTT
PRINT is a business name owned by the Subject registered on 01/12/1999 under
business registration no: BN08815227.
Key Management
Name : Michael
Walter Scott
Designation : Managing
Director
Name : Dudley
Phon Scott
Designation : Director
Appointments
Name : Michael
Walter Scott
Designation : Director
Appointment date : 01/01/84
Address : 80
Clement Street
Swanbourne, WA 6010
Australia
Biography : Born
on 27-08-1940 in Perth, Western Australia, Australia.
Name : Dudley
Phon Scott
Designation : Director
and Company Secretary
Appointment date : 02/04/79
Address : Unit
6, 24 Princes Street
Cottesloe, WA 6011
Australia
Biography : Born
on 30-05-1949 in Perth, Western Australia, Australia.
Staff employed : 50
employees
Key Advisors
Auditors : JOHN RODNEY
DETTMAN
Level 1, 6 Outram Street
West Perth, WA 6005
Australia
Composition
Authorized Capital : AUD 82
No of shares : 2
Class A Shares / 40 Class B Shares / 40 Class C Shares
Share par value : AUD 1
Issued capital : AUD
82
Paid up capital : AUD
82
How listed : Full
List
Composition
Shareholder name : CLUNEBURY
PTY. LTD.
Address : 39
Richardson Street
West Perth, WA 6005
Australia
No. of shares : 1
Class A Share / 20 Class B Shares / 20 Class C Shares
Shareholder name : Dudley
Phon Scott
Address : Unit
6, 24 Princes Street
Cottesloe, WA 6011
Australia
No. of shares : 1
Class A Share
Shareholder name : KARL
HOLDINGS PTY LTD
Address : 4
Aberdeen Street
Perth, WA 6000
Australia
No. of shares : 20
Class B Shares / 20 Class C Shares
Structure
Related companies and corporate affiliations comments : None reported.
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 : None
reported.
Legal Fillings
Bankruptcy fillings : None
reported.
Court judgements : None
reported.
Tax liens : None
reported.
Others : None
reported.
Description
Comments : The representative contacted
Mr. Dudley Phon Scott 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 $12.5 million, and -The company and any entities it controls have
fewer than 50 employees at the end of the financial year.
Main activities : The
Subject provides commercial printing services.
Product & services : Direct
Mail
Magazine Printing
Books Printing
Digital Printing
Brochure Printing
Catalogue Printing
Packaging Printing
Business Stationery
Offset Printing
Corporate Reports
Warehousing
Online Ordering
Mailing
Purchases
Local : Yes
International : Taiwan
Sales
Local : Yes
International : No
exports.
Property &
Assets
Premises : The Subject operates from
premises at the verified heading address consisting of a administrative office
and printing facility.
Branches : None reported.
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 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
Local : Bank
transfer, Prepayment, Credit 30-90 days
International : Telegraphic
transfer, Credit 30-90 days
Sales Term
Local : Bank
transfer, Prepayment, 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.60.59 |
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1 |
Rs.92.92 |
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Euro |
1 |
Rs.78.94 |
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 |
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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.