MIRA INFORM REPORT
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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BOB LITTLER AGENCIES PTY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.03.1979 |
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Com. Reg. No.: |
010075500 |
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Legal Form : |
Australian Proprietary
Company |
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Line of Business : |
Import, wholesale and distribution of boating, lifestyle and adventure products |
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No. of Employees : |
160 |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Verified Address
Subject name : BOB LITTLER AGENCIES PTY LTD
Business address : 131 Rivergate Place
Town : Murarrie
Province : Queensland
Zip/postal code : 4172
Country : Australia
Tel : +61 1300 252725
Fax : +61 1300 252329
Email : sales@bla.com.au
Website : www.bla.com.au
Registered address : 131 Rivergate Place
Town : Murarrie
Province : Queensland
Zip/postal code : 4172
Country : Australia
Comments : The provided address 45 Aquarium Avenue Hemmant, Brisbane , QLD 4174, Australia is
an old address of the Subject.
Executive Summary
Date founded or registered : 14/03/1979
Legal form : Australian
Proprietary Company
Chief executive : Scott Robert Littler
Issued & paid up capital
: AUD 2
Sales turnover : AUD
45,000,000 (Estimated Non-consolidated 12 months, 30/06/2011)
Line of business : Import, wholesale and
distribution of boating, lifestyle and adventure products.
Staff employed : 160 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
Registry Data
Registration date : 14/03/1979
Legal form : Australian Proprietary Company
Registration no Australian Company Number:
010075500
Registered authority : Australian Securities and Investments
Commission
Fiscal/ Tax no : Australian Business Number:
51853692469
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Key Management
Name : Scott Robert Littler
Designation : Managing Director
Name : Denise Nancy Littler
Designation : Director
Name : Robert Gordon Littler
Designation : Director
Appointments
Name : Robert Gordon Littler
Designation : Director and Company Secretary
Appointment date : 28/02/79
Address : 1018 Myocum Road
Mullumbimby, NSW 2482
Australia
Biography : Born on 27-05-1946 in Sydney,
New South Wales, Australia.
Name : Denise Nancy Littler
Designation : Director and Company Secretary
Appointment date : 28/02/79
Address : 1018 Myocum Road
Mullumbimby,
NSW 2482
Australia
Biography : Born on 29-08-1947 in
Brisbane, Queensland, Australia.
Name : Scott Robert Littler
Designation : Director
Appointment date : 16/03/01
Address : 6 Compass Way
Tweed
Heads, NSW 2485
Australia
Biography : Born on 23-09-1965 in Brisbane,
Queensland, Australia.
Staff employed : 160 employees
Composition
Authorized Capital : AUD 2
No of shares : 2 Ordinary Shares
Share par value : AUD 1
Issued capital : AUD 2
Paid up capital : AUD
2
How listed : Full List
Composition
Shareholder
name : Robert Gordon Littler
Address : 1018 Myocum Road
Mullumbimby,
NSW 2482
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Shareholder name : Denise Nancy Littler
Address : 1018 Myocum Road
Mullumbimby,
NSW 2482
Australia
No. of shares : 1 Ordinary Share
% of shares : 50%
Structure
Name : BOB LITTLER AGENCIES (NZ) LIMITED
Affiliation type : Associate
Address : Unit 2, 76 Porana Road
Glenfield,
Auckland 0627
New
Zealand
Name : BLA PTY LTD
Affiliation type : Associate
Address : 131 Rivergate Place
Murarrie,
QLD 4172
Australia
Name : BLA MANUFACTURING PTY
LTD
Affiliation type : Associate
Address : 131 Rivergate Place
Murarrie,
QLD 4172
Australia
Name : BLA EMPLOYEE LEGACY PTY
LTD
Affiliation type : Associate
Address : 131 Rivergate Place
Murarrie,
QLD 4172
Australia
Bank Details
Name of bank : Commonwealth Bank of Australia
Address : Australia
Account details : Current Account
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
: External Sources
Financial statement date : 30/06/11
Type of accounts : Estimated key
figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1 USD = AUD
3.14 as of 18-05-2012
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 : 45,000,000
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the end of the financial year.
Main activities :
The Subject engages in
import, wholesale and distribution of boating, lifestyle and adventure
products.
Product & services : -
Canoes & Kayaks
- Fishing products
- Boating products: Trailer,
Steering, Seating, Ropes & Cordage, Pumps &
Plumbing, Rigging &
Architectural, Hull, Deck & Cabin Hardware, Hatches
& Ventilation, Anchoring
& Mooring, Clothing and Accessories, Anchor
Winches
Brand : Humminbird
Minn Kota
Cannon
Geonav
Ocean
Kayak
Teleflex
Purchases
International : Worldwide
Sales
Local : Yes
International : New Zealand, Pacific Islands
Property &
Assets
Premises : The Subject operates from premises located at the verified heading address consisting of
administrative office and warehouse.
Branches : In
addition, the Subject operates from branch offices and warehouse located at:
20 Cocos
Drive
Bibra
Lake, WA 6163
Australia
Tel: +61 8
9412 0300
19-21
Loyalty Road
North
Rocks, NSW 2151
Australia
Tel: +61 2
9933 0400
395-397
Lower Dandenong Road
Dingley,
VIC 3172
Australia
Tel: +61 3 8558 0900
Central bank : Reserve Bank of Australia
Reserve of foreign exchange & gold : US$ 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%
2011: 3.0%
Unemployment rate 2008: 4.2 %
2009: 5.6 %
2010:5.2 %
2011: 5.0%
Public debt
(General Government gross
debt as a % GDP) 2008: 11.6%
2009: 17.6%
2010: 22.3 %
2011: 24.1%
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 : Prepayment, L/C,
Bank transfer, D/P, Credit 30-120 days
Sales Term
Local : Prepayment,
Bank transfer, D/P, Credit 30-120 days
International : Prepayment, L/C, Telegraphic
transfer, D/P, Credit 30-120 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.54.88 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
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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.