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Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
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Name : |
FOCUS PRESS PTY LIMITED |
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Formerly Known As : |
OFFSET PRINTING CO. PTY LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.07.1995 |
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Com. Reg. No.: |
070360762 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
· Subject provides offset and digital print services Subject also handles
mailing and distribution of printed materials, warehousing and management of
inventory |
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No. of Employees : |
150 |
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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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 |
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 : FOCUS PRESS PTY LIMITED
Business address : 12-15 Dunlop Street
Town : South Strathfield
Province : New South Wales
Zip/postal code : 2136
Country : Australia
Tel : +61 2 87454000
Fax : +61 2 97421877
Email : sales@focuspress.com.au
Website : www.focuspress.com.au
Registered address :
Town :
Province :
Zip/postal code : 2136
Country :
Executive Summary
Date founded or registered : 17/07/1995
Legal form : Australian
Proprietary Company
Chief executive : David Reginald Fuller
Issued & paid up capital
: AUD 100
Sales turnover : AUD 35,000,000 (Estimated
Non-consolidated 12 months, 30/06/2012)
Line of business : Printing company.
Staff employed : 150 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 stable
Detrimental : No detrimental found
Payment history : No payment delays noted
Registry Data
Registration date : 17/07/1995
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
070360762
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
82070360762
Registry status : Live/Active
Previous name : The Subject was established on
17-07-1995 under the name HOMEBUSH
NOMINEES
PTY. LIMITED and changed its name to OFFSET PRINTING CO.
PTY
LIMITED 01-07-2003. OFFSET PRINTING CO. PTY LIMITED then adapted
to the
current style on 01-07-2005.
Change of legal form : None reported
Key Management
Name : David Reginald Fuller
Designation : Managing Director
Name : Alan Davis
Designation : Financial Manager
Appointments
Name : David Reginald Fuller
Designation : Director and Company Secretary
Appointment date : 26/06/03
Address : 49 Broughton Road
Strathfield,
NSW 2135
Australia
Biography : Born on 24-09-1957 in Sydney,
New South Wales, Australia.
Staff employed : 150 employees
Composition
Authorized Capital : AUD 100
No of shares : 100 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 100
Paid up capital : AUD 100
How listed : Full List
Composition
Shareholder name : FOCUS PRESS HOLDINGS PTY LIMITED
Address : Level 1, 225 George Street
Sydney,
NSW 2000
Australia
No. of shares : 100 Ordinary Shares
% of shares : 100%
Structure
Name : OFFSET PRINTING CO PTY
LTD
Affiliation type : Ultimate Holding Company
Address : 12-15 Dunlop Street
South
Strathfield, NSW 2136
Australia
Name : DSJL INVESTMENTS PTY
LIMITED
Affiliation type : Intermediate Holding Company
Address : 12-15 Dunlop Street
South
Strathfield, NSW 2136
Australia
Name : FOCUS PRESS HOLDINGS
PTY LIMITED
Affiliation type : Parent Company
Address : 12-15 Dunlop Street
South
Strathfield, NSW 2136
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
: 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 1.05 as of
16-10-2013
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 : 35,000,000
Comments : The representative contacted
Mr. Alan Davis 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 $12.5 million, and
-The company and any
entities it controls have fewer than 50 employees at the
end
of the financial year.
Main activities : The Subject provides offset and
digital print services. In addition, the
Subject
handles mailing and distribution of printed materials, warehousing
and
management of inventory.
Product & services :
· Printed materials
Digital and
offset printing services
Warehousing
Management of
inventory
Purchases
International : China, India, Singapore, Taiwan
Sales
Local : Yes
International : New Zealand
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading
address
consisting of a printing facilities, warehouse and an administrative
office.
Branches : In addition, the Subject
operates from branch office located at:
Port
Botany Business Centre
Unit 12,
61-71 Beauchamp Road
Matraville,
NSW 2036
Australia
Tel: +61 2
82185300
Intellectual property : ISO9001 (Quality Management)
ISO14001
(Environmental Management)
ISO
12647-2 (Colour Management)
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 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 &
aming), 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
International : Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Bank transfer, Credit 30-90
days
International : 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.61.28 |
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UK Pound |
1 |
Rs.99.03 |
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Euro |
1 |
Rs.83.80 |
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.