MIRA INFORM REPORT
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Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
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Name : |
THE
SOS PRINT & MEDIA GROUP (AUSTRALIA) PTY LIMITED |
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Registered Office : |
63
Burrows Road, Alexandria, New South Wales, 2015 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
10.01.1977 |
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Com. Reg. No.: |
001430093 |
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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 : |
119 |
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.
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Source : CIA |
Verified Address
Subject
name : THE SOS
PRINT & MEDIA GROUP (AUSTRALIA) PTY LIMITED
Other
style / Business name : SOS PRINT
& MEDIA / BRIDGE PRINTERY / SOS LOGISTICS
Business
address : 63 Burrows
Road
Town :
Alexandria
Province
: New
South Wales
Zip/postal
code : 2015
Country
:
Australia
Tel :
+61 2 95492100
Fax : +61
2 95492111
Email :
sales@sos.com.au
Website
:
www.sos.com.au
Registered
address : 63 Burrows
Road
Town :
Alexandria
Province
: New South
Wales
Zip/postal
code : 2015
Country
:
Australia
Executive Summary
Date
founded or registered : 10/01/1977
Legal
form :
Australian Proprietary Company
Chief
executive :
Andreas Graf von Faber-Castell
Issued
& paid up capital : AUD
50,000
Sales
turnover : AUD
31,311,436 (Non-Consolidated 12 months, 30/06/2011)
Net
income : AUD
520,119 (Non-Consolidated 12 months, 30/06/2011)
Total
fixed assets : AUD
17,246,688 (Non-Consolidated 12 months, 30/06/2011)
Line
of business :
Commercial printing services.
Staff
employed : 119
employees
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 : 10/01/1977
Legal
form :
Australian Proprietary Company
Registration
no Australian Company Number: 001430093
Registered
authority : Australian
Securities and Investments Commission
Fiscal/
Tax no :
Australian Business Number: 80001430093
Registry
status :
Live/Active
Previous
name : THE SOS
PRINTING GROUP (AUSTRALIA) PTY. LIMITED
S O S INSTANT
PRINTING PTY LTD
SERVICE OFFICE
SUPPLIES PTY LTD (initial)
Change
of legal form : None
reported.
Other registration :
SOS PRINT & MEDIA is a business name owned by the Subject registered on 29/06/2004 under business
registration no: BN98068963.
BRIDGE PRINTERY is a
business name owned by the Subject
registered on 16/10/1997 under business registration no: U3596223.
SOS LOGISTICS is a business name owned by the Subject
registered on 29/09/2012.
Key Management
Name : Andreas Graf von Faber-Castell
Designation
: Director
Name : Michael Desmond Peel
Designation
: Director
Name : Robert Jan Gardner
Designation
: Director
Appointments
Name : Michael Desmond
Peel
Designation
: Director and Company
Secretary
Appointment
date : 10/01/77
Address
: 61 Stanhope Road
Killara, NSW 2071
Australia
Biography
: Born on 14/09/1944
in Innisfail, Queensland, Australia.
Name : Andreas Graf von
Faber-Castell
Designation
: Director
Appointment
date : 10/01/77
Address
: 395 Bobbin Head
Road
North Turramurra,
NSW 2074
Australia
Biography
: Born on 01/06/1946
in Durrenhembach, Germany.
Name : Robert Jan Gardner
Designation
: Director
Appointment
date : 10/01/77
Address
: Unit 56, 9-23
Bruce Avenue
Killara, NSW 2071
Australia
Biography
: Born on 25-10-1940
in Edmonton, Canada.
Staff
employed : 119 employees
Key Advisors
Auditors
: LAWLER PARTNERS
Level 9, 1 O'Connell
Street
Sydney, NSW 2000
Australia
Composition
Authorized
Capital : AUD 50,000
No of
shares : 50,000 Ordinary
Shares
Share par
value : AUD 1
Issued
capital : AUD 50,000
Paid
up capital : AUD 50,000
How
listed : Full List
Composition
Shareholder
name : BANTYVILLE PTY. LIMITED
Address
: 63 Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666 Ordinary
Shares
Shareholder
name : LORFARE PTY. LIMITED
Address
: 63 Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666 Ordinary
Shares
Shareholder
name : LINAGLADE PTY. LIMITED
Address
: 63 Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 16,666 Ordinary
Shares
Shareholder
name : Jointly held by BANTYVILLE
PTY. LIMITED, LORFARE PTY. LIMITED &
LINAGLADE PTY.
LIMITED
Address
: 63 Burrows Road
Alexandria, NSW 2015
Australia
No. of
shares : 2 Ordinary Shares
Structure
Name : CPX PTY LTD
Affiliation
type : Associate
Address
: Unit 4, 81 Bishop
Street
Kelvin Grove, QLD
4059
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
: 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 : 30/06/11
Type
of accounts : Full
audited
Currency
:
Australia Dollar (AUD)
Exchange
rate : 1 USD =
AUD 1.08 as of 25-06-2013
Consolidation
type : Non Consolidated Non Consolidated
Currency
: Australia Dollar
(AUD) Australia Dollar (AUD)
Denomination
: (x1) One (x1) One
Date of
financial year end : 30/06/11 30/06/10
Length
of accounts : 12 months 12 months
Sale
turnover / Income : 31,311,436 28,363,438
Profit
before tax : 609,421 339,192
Net
income : 520,119 222,606
Non
current assets : 8,016,293 6,872,446
Current
assets : 9,230,395 7,816,248
Inventories
: 1,030,630 1,123,291
Total
assets : 17,246,688 14,688,694
Current
liabilities : 7,199,343 6,013,509
Non
current liabilities : 5,590,673 4,438,632
Total
liabilities : 12,790,016 10,452,141
Share
equity : 4,456,672 4,236,553
Retained
earning : 4,406,672 4,186,553
Comments
: The Subject's latest financial information is not available with the
Australian Securities and Investments Commission.
Main
activities
The Subject
engages in commercial printing services. The Subject offers offset printing
services for magazines, marketing materials, and point of sale products;
finishing and binding services, including burst binding and saddle stitching;
digital printing services for training manuals, short run books, financial
research reports, and short run books and reading copies; banners and x-stands
print services; print
management
services; and warehousing and distribution services.
The
subject also provides financial research reports and document printing services
in North America, Europe, South Africa, and Asia, as well as in Melbourne and
Sydney. In addition, it offers information technology services, including setup
of online systems, Web based template publishing, and training; and data
management for various data applications, including data cleaning and sorting,
and Australia post
barcode
generation services.
Product
& services : - Offset printing
- Finishing and
binding
- Digital printing
- Digital book printing
- Warehousing and
logistics
- Print management
Purchases
International
: Asia countries
Sales
Local : Yes
International
: North America, Europe,
South Africa, and Asia
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 office and warehouse located
at:
SOS Digital Print Centre
Unit 8, 476-492 Gardeners Road
Alexandria, NSW 2015
Australia
Tel: +61 2 95492100
SOS Warehouse + Distribution Centre
Unit 7, 476-492 Gardeners Road
Alexandria, NSW 2015
Australia
+61 2 95492100
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)
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)
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 : 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
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
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.59.69 |
|
UK Pound |
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
|
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NB |
New
Business |
-- |
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.