MIRA INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
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Name : |
FOX & LILLIE PTY. LTD |
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Formerly Known As : |
WILLIAM
MURRAY & CO. PTY. LTD. |
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Registered Office : |
Level 4, 166 Albert Road, South Melbourne, Victoria, Zip/postal code 3205 |
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Country : |
Australia |
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Date of Incorporation : |
05.07.1961 |
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Com. Reg. No.: |
004521144 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
Sourcing, Trading & Export of wool |
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No. of Employees : |
30 |
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 – 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 : FOX & LILLIE PTY. LTD.
Business address : Level 4, 166 Albert Road
Town : South Melbourne
Province : Victoria
Zip/postal code : 3205
Country : Australia
Tel : +61 3 96961544
Fax : +61 3 96962340
Email : trading@foxandlillie.com.au
Website www.foxandlillie.com.au
Registered address : Level 4, 166 Albert Road
Town : South Melbourne
Province : Victoria
Zip/postal code : 3205
Country : Australia
Summary details
Executive Summary
Date founded or registered : 05/07/1961
Legal form : Australian Proprietary Company
Chief executive : Jonathan Andrew Lillie
Issued & paid up capital : AUD 43,792
Sales turnover : AUD 15,000,000 (Estimated non-consolidated 12 months, 30/06/2011)
Line of business : Sourcing, trading & export of wool.
Staff employed : 30 employees
Credit risk opinion
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 records found
Payment history : No payment delays noted
Statutory details
Registry Data
Registration date : 05/07/1961
Legal form : Australian Proprietary Company
Registration no Australian
Company Number: 004521144
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 99004521144
Registry status : Live/Active
Previous
name : WILLIAM MURRAY & CO. PTY. LTD.
FOX
& LITTLE (SKIPTON) PTY. LTD.
WINCLAIR INVESTMENTS PROPRIETARY LIMITED
ROBIN BOYD
PROPRIETARY LIMITED (initial)
Change of legal form : None reported.
Management / directors
Key Management
Name : Jonathan
Andrew Lillie
Designation : Managing Director
Board of directors / other
appointments
Appointments
Name : Jonathan
Andrew Lillie
Designation : Director
Appointment date : 30/09/98
Address :
Biography : Born
on 30-01-1961 in
Name : James
Harrison Lillie
Designation : Director and Company Secretary
Appointment date : 03/12/85
Address :
Malvern, VIC 3144
Biography : Born
on 21-09-1957 in
Staff employed : 30 employees
Share capital
Composition
Authorized Capital : AUD 43,792
No of shares : 1 Class A Share / 1 Class B Share /
21,894 Ordinary Shares
Share par value : AUD 2
Issued capital : AUD 43,792
Paid up capital : AUD 43,792
ownership / shareholders
How listed : Full List
Composition
Shareholder name FOX & LILLIE HOLDINGS PTY. LTD.
Address Level 4, 166 Albert Road
South Melbourne, VIC 3205
Australia
No. of shares 1 Class A Share / 1 Class B Share / 21,893 Ordinary Shares
Shareholder name Jonathan Andrew Lillie
Address 22 Surrey Road
South Yarra, VIC 3141
Australia
No. of shares 1 Ordinary Share
Related companies & corporate Affiliations
Structure
Name : FOX & LILLIE HOLDINGS PTY. LTD.
Affiliation type : Parent Company
Address : Level 4, 166 Albert Road
South Melbourne, VIC 3205
Australia
Name : LEMPRIERE FOX & LILLIE INTERNATIONAL PTY LTD
Affiliation type : Associate
Address : Level 7, 460 Collins Street
Melbourne, VIC 3000
Australia
Name : FOX & LILLIE (AUSTRALIA) PTY. LTD.
Affiliation type : Associate
Address : Level 4, 166 Albert Road
South Melbourne, VIC 3205
Australia
Name : FOX & LILLIE PROPERTIES PTY LTD
Affiliation type : Associate
Address : 33 Norton Drive
Melton, VIC 3337
Australia
Name : FOX & LILLIE RURAL PTY LTD
Affiliation type : Associate
Address : 33 Norton Drive
Melton, VIC 3337
Australia
Name : LEMPRIERE FOX & LILLIE S.A.
Affiliation type : Associate
Address : Argentina
Bank & mortgages
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
ASIC Charge Number: 707747
Date Registered: 02-08-1999
Charge type: Both Fixed & Floating
Date Created: 28-06-1999
Chargees Name: NATIONAL AUSTRALIA BANK LIMITED
ASIC Charge Number: 2152080
Date Registered: 25-03-2011
Charge type: Both Fixed & Floating
Date Created: 24-03-2011
Chargees Name: HSBC BANK AUSTRALIA 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 : External
Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar (AUD)
Exchange rate : 1 USD = AUD 0.98 as of 06-01-2012
Summarized Financial Information
Consolidation type : Non Consolidated
Currency : Australia Dollar (AUD)
Denomination : (x1) One
Date of financial year end : 30/06/11
Length of accounts : 12 months
Sale turnover / Income : 15,000,000
Comments : 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.
Operation details
Main activities : The Subject is engaged in sourcing,
trading & export of wool.
The Subject is part of Fox and Lillie group of companies
which are
Australian based wool procurers, brokers, processors and
exporters.
Product &
services
· Carbonised Wool
· Scoured Wool
· Open Tops
· Greasy Carding Wool
Purchases
Local : Yes
International : China, Argentina, New Zealand
Sales
Local : Yes
International : Worldwide: United Kingdom, Italy,
Spain, Greece, Turkey, Eastern Europe, Germany, U.S.A. and Canada, Korea, Japan
and India.
Key events : 11 April 2011
THE Lempriere
family has split from the wool broking and direct-buying business Lempriere Fox
& Lillie.
The dissolution of the partnership means a renaming of the
business to
Fox & Lillie Rural.
LFL was established
11 years ago as a partnership between the Lempriere and Lillie families.
The latter will now be the sole proprietor and operator of the new entity. Fox & Lillie Rural managing director Jonathan Lillie said the new entity
would expand the company's current wool broking and direct-buying
business throughout Australia.
Mr Lillie said
the company's direct-buying operations and export-based wool buying options
would also remain part of the business.
Mr Lillie said
FLR's direct-buying operation in Uralla, in northern NSW, would be moving to a
new, purpose-built complex, after the opening of the new Skipton store last
year.
Mr Lillie said
the change of ownership would not affect the export business of FLR's parent,
Fox & Lillie, which is a major wool exporter and trader.
History : In 1948, 2 experienced
He is now the Executive Chairman of the company.
Fox and Lillie
traded successfully and experienced solid growth over the next fifteen years,
until in 1963 Rhys Fox sold his shares to the Lillie family, who still retain
100% ownership to this day.
James Lillie
junior, and Jonathan Lillie joined the firm in the 1980's, and together with
James Lillie senior, remain the senior executives of the company.
Property &
assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office.
Branches : None reported.
Summarized country risk
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 billion
Gross domestic product – GDP : US$ 1.448 trillion
GPP (Purchasing power parity) : 918.529 billion of International dollars
GDP per capita - current prices : US$ 64,351
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 :
Westpac Banking Group (Major Banks),
BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major
Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks),
Telstra (Telecommunications services), Wesfarmers (Food Retail)
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$46,722 million
2009: US$ 22,572 million
2010: US$32,472 million
FDI Outflows 2008: US$32,819 million
2009: US$ 18,426 million
2010: US$26,431 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
: 76.00%
Payment history
Purchase Term
Local : Prepayment, D/P, D/A, Credit up to 120
days
International : L/C, Telegraphic transfer, D/P, D/A,
Credit up to 120 days
Sales Term
Local : Prepayment, D/P, D/A, Credit up to 120
days
International : L/C, Telegraphic transfer, D/P, D/A,
Credit up to 120 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.52.78 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.67.46 |
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.