MIRA INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LOMBARD THE PAPER PEOPLE PTY. LTD. |
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Registered Office : |
9 Harrick Road, Keilor Park, Victoria , Zip/postal code
3042 |
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Country : |
Australia |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
03.01.1969 |
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Com. Reg. No.: |
004757662 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Retail sales, distribution, online sales of party supplies, costumes, event supplies etc. |
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No. of Employees : |
100 |
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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Maximum Credit Limit : |
USD 500,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Identification details
Verified Address
Subject name : LOMBARD THE PAPER PEOPLE PTY. LTD.
Other style / Business name : LOMBARD THE PAPER PEOPLE
Business address : 9 Harrick Road
Town : Keilor Park
Province : Victoria
Zip/postal code : 3042
Country : Australia
Tel : +61 3 83311111
Fax : +61 3 83311122
Email : lombard@lombard.com.au
Website : www.lombard.com.au
Registered address : 9 Harrick Road
Town : Keilor Park
Province : Victoria
Zip/postal code : 3042
Country : Australia
Summary details
Executive Summary
Date founded or registered : 03/01/1969
Legal form : Australian Proprietary Company
Chief executive : Claude Lombard
Issued & paid up capital : AUD 24
Sales turnover : AUD 43,526,008 (Consolidated 12 months, 30/06/2010)
Net income : AUD 1,266,846 (Consolidated 12 months, 30/06/2010)
Total fixed assets : AUD 21,339,568 (Consolidated 12 months, 30/06/2010)
Line of business : Retail sales, distribution, online sales of party supplies, costumes, event
supplies etc.
Staff employed : 100 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is consistent
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 500,000
Credit amount asked : USD 250,000
Statutory details
Registry Data
Registration date : 03/01/1969
Legal form : Australian Proprietary Company
Registration no : Australian Company Number: 004757662
Registered authority : Australian Securities & Investments Commission
Fiscal/ Tax no : Australian Business Number: 77004757662
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Other registration : LOMBARD THE PAPER PEOPLE is a business name owned by the Subject
registered on 07/08/2009 under the business number WA BN11382776.
Management / directors
Key Management
Name : Claude Lombard
Designation : Managing Director
Name : Anouk Lombard
Designation : Marketing Manager
Name : Danielle Burd
Designation : Sales Manager
Name : Michelle Kevill
Designation : Purchasing Manager
Name : Andrew Kevill
Designation : Retail Director
Board of directors / other
appointments
Appointments
Name : Claude
Lombard
Designation : Director and Company Secretary
Appointment date : 03/01/69
Address :
Mitcham, VIC 3132
Biography : Born
on 27-04-1943 in
Name : Susan Lombard
Designation : Director
Appointment date : 11/05/89
Address : 55 Dunlavin Road
Mitcham, VIC 3132
Australia
Biography : Born on 19-11-1944 in Leeds, United Kingdom.
Staff employed : 100 employees
Key Advisors
Auditors : MOORE
STEPHENS HF
Melbourne, VIC 3000
Share capital
Composition
Authorized Capital : AUD 24
No of shares : 18 Class A Shares / 1 Class B Share / 1 Class C Share / 1 Class D Share / 1
Class E Share / 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 24
Paid up capital : AUD 24
ownership / shareholders
How listed : Full List
Composition
Shareholder name Claude Lombard
Address 55 Dunlavin Road
Mitcham, VIC 3132
Australia
No. of shares 18 Class A Shares / 1 Class B Share / 1 Class D Share / 1 Class E Share / 2
Ordinary Shares
Shareholder name : Susan Lombard
Address : 55 Dunlavin Road
Mitcham, VIC 3132
Australia
No. of shares : 1 Class C Share
Related companies & corporate Affiliations
Structure
Name : ZORAN PTY. LTD.
Affiliation type : Wholly-owned Subsidiary
Address : 9 Harrick Road
Keilor Park, VIC 3042
Australia
Bank & mortgages
Bank Details
Name of
bank :
Australia And New Zealand Banking Group
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
Satisfied Charge
Details
ASIC Charge Number: 87461
Date Registered: 05-09-1986
Charge type: Both Fixed & Floating
Date Created: 01-09-1986
Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Unsatisfied Charge
Details:
ASIC Charge Number: 977093
Date Registered: 15-09-2003
Charge type: Both Fixed & Floating
Date Created: 31-07-2003
Chargees Name: HSBC BANK AUSTRALIA LIMITED
ASIC Charge Number: 1725644
Date Registered: 24-11-2008
Charge type: Fixed
Date Created: 17-10-2008
Chargees Name: PRIMUS AUTOMOTIVE FINANCIAL SERVICES A DIVISION OF FCA HOLDING LIMITED
Legal Fillings
Bankruptcy fillings :
None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Commercial
Registry Filings
Financial statement date : 30/06/10
Type of accounts : Full audited
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 30-12-2011
Summarized Financial Information
Consolidation type : Consolidated Consolidated
Currency :
Date of financial year end : 30/06/10 30/06/09
Length of accounts : 12 months 12 months
Profit before tax : 1,809,779 374,291
Net income : 1,266,846 259,143
Non current assets : 10,365,622 11,206,842
Current assets : 10,973,946 10,110,993
Inventories : 6,156,872 5,741,321
Total assets : 21,339,568 21,317,835
Current liabilities : 14,370,711 12,572,751
Non current liabilities : 2,010,835 5,003,908
Total liabilities : 16,381,546 17,576,659
Share equity : 4,958,022 3,741,176
Reserve : 2,455,221 2,455,221
Retained earning : 2,502,777 1,285,931
Comments : The consolidated financial information
above relates to the Subject and its only subsidiary.
Operation details
Main activities : The Subject is engaged in retail sales,
distribution, online sales of party supplies, costumes, event supplies, paper
products, packaging products, balloons etc.
Purchases
International : Europe, United States, China, Taiwan
Sales
Local : Yes
International : New Zealand
Property & Assets
Premises The Subject operates from
premises located at the verified heading address consisting of warehouse and
administrative office.
Branches In addition, the
Subject operates from 16 retail stores located mainly in
Other property Total NBV of property, plant and equipment as of 30-06-2010 was AUD 9,766,484.
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 41.385 billion
Gross domestic product – GDP : US$ 1.235 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 55,590
GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2007:5.2 %
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
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 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows 2007: US$16,822 million
2008: US$32,819 million
2009: US$ 18,426 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 16
(ranking by country on a basis of 133, 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
: 74.00%
Payment history
Purchase Term
International : L/C, Prepayment, Credit 30-60 days
Sales Term
Local : Credit card, Cash, Prepayment, Credit
30-60 days
International : Prepayment, Credit 30-60 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.53.27 |
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UK Pound |
1 |
Rs.82.09 |
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Euro |
1 |
Rs.68.90 |
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.