MIRA INFORM REPORT
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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LOCKSMITHS NOMINEES PTY. LTD. |
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Formerly Known As : |
LITHERLOND PTY. LTD. |
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Registered Office : |
C/O Fordham, Level 35, Rialto South Tower, 525 Collins Street, Melbourne, Victoria, Zip/Postal Code 3000 |
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Country : |
Australia |
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Date of Incorporation : |
15.02.1979 |
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Com. Reg. No.: |
005513164 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Wholesaler, distributor and supplier of hardware and security products |
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No. of Employees : |
135 employees |
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 400,000 |
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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 |
Verified Address
Subject name : LOCKSMITHS NOMINEES PTY.
LTD.
Other style / Business name : LOCKSMITHS' SUPPLY COMPANY
Business address : 140-158 Dryburgh Street
Town : North
Melbourne
Province : Victoria
Zip/postal code : 3051
Country : Australia
Tel : +61 3 93297222
Fax : +61 3 93292570
Email : j.thompson@lsc.com.au
Website : www.lsc.com.au
Registered address : C/o FORDHAM
Level 35,
Rialto South Tower
525
Collins Street
Town : Melbourne
Province : Victoria
Zip/postal code : 3000
Country : Australia
Postal address : P.O. Box 261
Town : North
Melbourne
Province : Victoria
Zip/postal code : 3051
Country : Australia
Executive Summary
Date founded or registered : 15/02/1979
Legal form : Australian
Proprietary Company
Chief executive : Mark Stuart Johnson
Issued & paid up capital
: AUD 4
Sales turnover : AUD 55,000,000 (Estimated
Non-consolidated 12 months, 30/06/2011)
Line of business : Wholesaler, distributor
and supplier of hardware and security products.
Staff employed : 135 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 records found
Payment history : No payment delays noted
Credit amount suggestion : USD 400,000
Credit amount asked : USD 400,000
Registry Data
Registration date : 15/02/1979
Legal form : Australian Proprietary Company
Registration no Australian Company Number: 005513164
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
73809492283
Registry status : Live/Active
Previous name : LITHERLOND PTY. LTD. (initial)
Change of legal form : LOCKSMITHS' SUPPLY COMPANY is a business
owned by the Subject
registered under business registration no: VIC B1704981W / QLD
BN20430851 /
NSW BN98314725 / WA BN11255470.
Key Management
Name : Mark Stuart Johnson
Designation : Managing Director
Name : David Weinel
Designation : National Sales Manager
Name : Paul Newton
Designation : Chief Financial Officer
Appointments
Name : Mark Stuart Johnson
Designation : Director and Company Secretary
Appointment date : 25/09/84
Address : 22 Stonnington Place
Toorak,
VIC 3142
Australia
Biography : Born on 03-02-1957 in
Melbourne, Victoria, Australia.
Staff employed : 135 employees
Composition
Authorized Capital : AUD 4
No of shares : 4 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 4
Paid up capital : AUD
4
How listed : Full List
Composition
Shareholder name : Mark Stuart Johnson
Address : 22 Stonnington Place
Toorak,
VIC 3142
Australia
No. of shares : 4 Ordinary Shares
% of shares : 100%
Structure
Name : LOCKSMITHS SUPPLY CO.
(NEW ZEALAND) PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : 32A Poland Road
Glenfield,
Auckland 1310
New
Zealand
Comments : Registered in 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 : Satisfied Charge:
ASIC Charge Number: 1486841
Date Registered: 24-07-2007
Charge type: Both Fixed & Floating
Date Created: 29-06-2007
Chargees Name: KATHERINE HELEN JOHNSON
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 : 30/06/11
Type of accounts : Estimated key figures
Currency : Australia Dollar
(AUD)
Exchange rate : 1 USD = AUD 0.95 as of
16-03-2012
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 : 55,000,000
Comments : The estimated turnover was provided by
Mr. John Thompson.
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 $12.5 million, and
-The company and any entities it controls
have fewer than 50 employees at the end of the financial year.
Main activities : The Subject is engaged as wholesaler, distributor and
supplier of hardware and security
products.
Product
& services :
Access Control
Alarms
CCTV & Intercom
Hardware
Keys & Accessories
Locks
Machinery
Padlocks, Hasps & Chain
Brand :
ABUS
ADI LOCKWISE
ADVANCED DIAGNOSTICS
ASP
BORG LOCKS
BRAVA
CROW
CS TECHNOLOGIES
DORMA
GAINSBOROUGH
GE SECURITY
HPC
KEVRON
LAB
LOCK FOCUS
LOCKWOOD
LUCKY LINE
PADDE
ROSS
RST
SARGENT AND GREENLEAF
SILCA
W.H. SOFTWARE
WHITCO
Purchases
Local : Yes
International : Italy, China, Taiwan, United
States, Germany, United Kingdom, Japan
Sales
Local : Yes
International : New Zealand, Pacific Islands
Property &
Assets
Premises : The Subject operates from premises located at the
verified heading address consisting of administrative
office and warehouse.
Branches
:
In addition, the Subject operates from
branch offices located at:
44 Skarratt Street
North
Silverwater, NSW 2141
Australia
Tel: +61 2 96478111
15-17 Jeays Street
Bowen Hills, QLD 4006
Australia
Tel: +61 7 32521056
333 Halifax Street
Adelaide, SA 5000
Australia
Tel: +61 8 82232999
244 Lord Street
Perth, WA 6000
Australia
Tel: +61 8 93287488
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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: 4.0% industry: 26% services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2010:5.2 %
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 : 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
: 76.00%
Purchase Term
International : Credit 14-90 days, D/P 30 days,
Prepayment
Sales Term
Local : Credit 30 days
International : Prepayment
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.50.12 |
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UK Pound |
1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.02 |
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.