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Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
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Name : |
LOCKSMITHS NOMINEES PTY. LTD. |
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Registered Office : |
C/o FORDHAM, Level 35, Rialto South Tower, Melbourne, Victoria 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 : |
Engaged as wholesaler, distributor and supplier of hardware and security products. |
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No. of Employees : |
135 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
Australia - ECONOMIC OVERVIEW
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, 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 also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.
|
Source : CIA |
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
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
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 : 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 : None
reported.
Other
registration : 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.
Name : LSC NZ LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : 32A Poland Road
Glenfield, Auckland 1310
New Zealand
Name : BABER LSC LIMITED
Affiliation type : Wholly-owned Subsidiary
Address : 32A Poland Road
Glenfield, Auckland 1310
New Zealand
Name : SILCA N.Z. LIMITED
Affiliation type : Sister Company
Address : 32A Poland Road
Glenfield, Auckland 1310
New Zealand
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 : 30/06/11
Type of accounts : Estimated
key figures
Currency : Australia
Dollar (AUD)
Exchange rate : 1
USD = AUD 0.97 as of 19-02-2013
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 $12.5
million, and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The Subject is engaged as
wholesaler, distributor and supplier of hardware and security products.
Product & services : Access
Control products
ABUS CCTV Systems
Alarm Systems
Intercom Systems
Invue Cameras
STI Protective Products
Door Closers
Door Furniture
Door Hardware
Gate Hardware
Toilet Partition Fittings
Keys & Accessories
Locks
Padlocks, Hasps & Chain
Safe Locks
General Tools
Drills & Accessories
Lubricants
Storage Solutions
Duplicating Machines
Automotive Diagnostics &
Accessories
Code Machines
Readers
Brand : ABUS
ADI LOCKWISE
ADVANCED DIAGNOSTICS
ASP
BORG LOCKS
BRAVA
CROW
CS TECHNOLOGIES
DORMA
GAINSBOROUGH
GE SECURITY
HPC
KEVRON
LAB
LOCK FOCUS
LOCKWOOD
LUCKY LINE
PADDE
ROSS
RST
SARGENT AND GREENLEAF
SILCA
W.H. SOFTWARE
WHITCO
Local : Yes
International : Italy, China, Taiwan, United States,
Germany, United Kingdom, Japan
Sales
Local : Yes
International : New Zealand, Pacific Islands
Property
& Assets
Premises
: The Subject operates from
premises located at the verified heading address consisting of a administrative
office and warehouse.
Branches : In
addition, the Subject operates from branch offices located at:
44 Skarratt Street North
Silverwater, NSW 2141
Australia
Tel: +61 2 96478111
15-17 Jeays Street
Bowen Hills, QLD 4006
Australia
Tel: +61 7 32521056
333 Halifax Street
Adelaide, SA 5000
Australia
Tel: +61 8 82232999
244 Lord Street
Perth, WA 6000
Australia
Gross
Domestic Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange & gold : US$ 43.879 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 : 2009:
1.8%
2010:
2.8%
2011:
3.4%
Unemployment rate : 2009:
5.6%
2010:
5.2%
2011:
5.1%
Public debt
(General Government gross debt as
a % GDP)
:
2009: 16.9%
2010:
20.4%
2011:
22.9%
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 : 2008:
US$46,843 million
2009:
US$25,716 million
2010:
US$32,472 million
FDI Outflows : 2008:
US$33,604 million
2009:
US$16,160 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%
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.05 |
|
|
1 |
Rs.83.44 |
|
Euro |
1 |
Rs.72.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.