MIRA INFORM REPORT
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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
JAMES FERGUSON PTY. LTD. |
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Registered Office : |
37 College
Street, Hamilton, Queensland, postal
code 4007 |
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Country : |
Australia |
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Date of Incorporation : |
30.06.1955 |
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Com. Reg. No.: |
009674891 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Printing,
direct mail, electronic direct mail, database management, data mining, SMS marketing and predictive modelling services |
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No. of Employees : |
70 |
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 : |
Regular |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, 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 also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.
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Source : CIA |
Verified Address
Subject name :
JAMES FERGUSON
PTY. LTD.
Other style /
Business name : FERGIES PRINT &
MAIL / FERGIES DIGITAL / FERGIES
Business
address : 37 College
Street
Town : Hamilton
Province : Queensland
Zip/postal
code : 4007
Country : Australia
Tel : +61 7 36306500
Fax : +61 7
38570075
Website : www.fergies.com.au
Registered
address : 37 College
Street
Town : Hamilton
Province : Queensland
Zip/postal
code : 4007
Country : Australia
Executive Summary
Date founded
or registered : 30/06/1955
Legal form : Australian
Proprietary Company
Chief
executive : John
Abbott Ferguson
Issued &
paid up capital : AUD 38,004
Sales turnover
: AUD 18,000,000
(Estimated Non-consolidated 12 months, 30/06/2012)
Line of
business : Printing,
direct mail, electronic direct mail, database management, data mining,
SMS marketing and predictive modelling services.
Staff employed
: 70 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 good
Organization
structure : Organizational
structure is consistent
Detrimental : No
detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 30/06/1955
Legal form : Australian Proprietary Company
Registration
no Australia Company Number:
009674891
Registered
authority : Australian Securities and
Investments Commission
Fiscal/ Tax no
: Australia Business Number:
95009674891
Registry
status : Live/Active
Previous name
: None reported.
Change of
legal form : None reported.
Other
registration : FERGIES PRINT &
MAIL is a business name owned by the Subject registered on
22/07/2005 under business registration no: QLD BN19506673.
FERGIES is a business name owned by the Subject registered on
28/05/1996
under business registration no: QLD BN6098071.
FERGIES DIGITAL is a business name owned by the Subject registered
on
24/04/2007 under business registration no: QLD BN20293264.
Key Management
Name : John Abbott Ferguson
Designation : Chief Executive Officer
Name : Nathan Grima
Designation : Business Development Manager
Name : Rod Facey
Designation : Chief Financial Officer
Appointments
Name : John Abbott Ferguson
Designation : Director and Company Secretary
Appointment
date : 11/08/69
Address : 12 Dublin Street
Clayfield, QLD 4011
Australia
Biography : Born on 04-06-1944 in
Brisbane, Queensland, Australia.
Staff employed
: 70 employees
Composition
Authorized
Capital : AUD 38,004
No of shares :
2,500 Cumulative Preference
Shares / 5,502 Ordinary Class A Shares / 1,000
Ordinary Class
B Shares / 10,000 Preference
Shares
Share par
value : AUD 2
Issued capital
: AUD 38,004
Paid up capital :
AUD 38,004
How listed : Full List
Composition
Shareholder
name : John Abbott Ferguson
Address : 12 Dublin Street
Clayfield, QLD 4011
Australia
No. of shares
: 2,500 Cumulative Preference
Shares / 1,000 Ordinary Class A Shares / 500
Ordinary Class B
Shares / 10,000 Preference Shares
Shareholder
name : Wendy Margaret Ferguson
Address : 81 Virginia Avenue
Hawthorne, QLD 4171
Australia
No. of shares
: 500 Ordinary Class A Shares
Shareholder name
: Jane Hilma Ireland
Address : C/o JAMES FERGUSON PTY.
LTD.
37 College Street
Hamilton, QLD 4007
Australia
No. of shares
: 500 Ordinary Class A Shares
Shareholder
name : Anne Louise Clarke
Address : 2 Beverley Avenue
Rochedale South, QLD 4123
Australia
No. of shares
: 500 Ordinary Class A Shares
Shareholder
name : Hilma Margaret Ferguson
Address : 416 Forest Court
Albany Creek, QLD 4035
Australia
No. of shares
: 3,002 Ordinary Class A
Shares
Shareholder
name : Judith Anne Ferguson
Address : 12 Dublin Street
Clayfield,
QLD 4011
Australia
No. of shares : 500
Ordinary Class B Shares
Structure
Name : JAMES FERGUSON HOLDINGS PTY. LTD.
Affiliation
type : Associate
Address : 37 College Street
Hamilton, QLD 4007
Australia
Bank Details
Name of bank :
Westpac Bank
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 : Provided by the
Subject
Financial
statement date : 30/06/12
Type of
accounts : Estimated
key figures
Currency : Australia Dollar
(AUD)
Exchange rate
: 1 USD = AUD 0.96
as of 20-03-2013
Summarized
Financial Information
Consolidation
type : Non Consolidated
Currency : Australia Dollar
(AUD)
Denomination :
(x1) One
Date of
financial year end : 30/06/12
Length of
accounts : 12 months
Sale turnover
/ Income : 18,000,000
Comments : The estimated turnover was
provided by Mr. Cory.
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 $12.5 million, and
-The company
and any entities it controls have fewer than 50 employees at the end of the
financial year.
Main
activities : The
Subject is engaged in printing, direct mail, electronic direct mail,
database management, data mining, SMS marketing and predictive
modelling services.
Purchases
International
: Mainly from Taiwan,
China, India, Indonesia, Thailand
Sales
Local : Yes
International
: New Zealand
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of a printing facilities, warehouse and
administrative
office.
Branches : None reported.
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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
: L/C, Prepayment,
Telegraphic transfer, Credit 30-90 days
Sales Term
Local : Prepayment, Bank
transfer, Credit 30-90 days
International
: L/C, 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.54.34 |
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UK Pound |
1 |
Rs.82.56 |
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Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
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.