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Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BOB LITTLER AGENCIES PTY LTD |
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Registered Office : |
131 Rivergate Place,
Murarrie, Queensland, Zip/postal code 4172 |
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Country : |
Australia |
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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 : |
Subject engages in importer, wholesaler and distributor of boating, lifestyle and adventure products |
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No. of Employees : |
155 |
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Australia |
A1 |
A1 |
|
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 |
austraLia ECONOMIC OVERVIEW
The Australian
economy has experienced continuous growth and features low unemployment,
contained inflation, very low public debt, and a strong and stable financial
system. By 2012, Australia had experienced more than 20 years of continued
economic growth, averaging 3.5% a year. Demand for resources and energy from
Asia and especially China has grown rapidly, creating a channel for resources
investments and growth in commodity exports. The high Australian dollar has
hurt the manufacturing sector, while the services sector is the largest part of
the Australian economy, accounting for about 70% of GDP and 75% of jobs.
Australia was comparatively unaffected by the global financial crisis as the
banking system has remained strong and inflation is under control. Australia
has benefited from a dramatic surge in its terms of trade in recent years,
stemming from rising global commodity prices. Australia is a significant
exporter of natural resources, energy, and food. Australia's abundant and
diverse natural resources attract high levels of foreign investment and include
extensive reserves of coal, iron, 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 is an open market with minimal restrictions on
imports of goods and services. The process of opening up has increased
productivity, stimulated growth, and made the economy more flexible and
dynamic. Australia plays an active role in the World Trade Organization, APEC,
the G20, and other trade forums. Australia has bilateral free trade agreements
(FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has
a regional FTA with ASEAN and New Zealand, is negotiating agreements with
China, India, Indonesia, Japan, and the Republic of Korea, as well as with its
Pacific neighbors and the Gulf Cooperation Council countries, and is also
working on the Trans-Pacific Partnership Agreement with Brunei Darussalam,
Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and
Vietnam.
|
Source : CIA |
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
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
Line of business : Import, wholesale and
distribution of boating, lifestyle and adventure products.
Staff employed : 155 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
undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental 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 : Ronald
Williams
Designation : Chief Financial
Officer
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 : 155 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%
TED COMPANIES & CORPORATE
AFFILIATIONS
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 : Westpac Banking Corporation
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
Comments : The representative contacted
Mr. Ronald Williams declined to provide any
financial information until the inquiring party details are
revealed.
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 $12.5 million, and
-The company and any entities
it controls have fewer than 50 employees at the end of the financial year.
Main activities : The Subject
engages in import, wholesale and distribution of boating, lifestyle and
adventure products.
Product & services :
· Anchor Winches
Lighting products
Anchoring & Mooring
Maintenance products
Canoes & Kayaks
Navigation products
Clothing and Accessories
Pumps & Plumbing products
Electrical products
Rigging & Architectural products
Electronics products
Ropes
Engine & Maintenance products
Safety products
Fishing products
Seating products
Galley
Steering
Hatches & Ventilation products
Trailer products
Deck Hardware & Fasteners
Watersports products
Brand :
· HUMMINBIRD
MINN KOTA
MASTERVOLT
LEWMAR
FISCHER PANDA
OCEAN KAYAK
OLD TOWN
NECKY
CARLISLE
SEASTAR SOULTIONS
SIERRA
ISOTHERM
BLA
TURNING POINT
CANNON
AEROFAST
BEP
WHALE
SAINT MARINE
RITCHIE
SE SPORT
SEPTONE
ATTWOOD
DAN FENDER
IKAROS
VEETHREE
SPORTEK
DETWILER
RACK-IT-UP
SPECTRA WATER MAKERS
ECLECTIC ENERGY
Purchases
International : Hong Kong, China, Taiwan, India, United
States, Italy
Sales
Local : Yes
International : New Zealand, Pacific Islands
Property &
Assets
Premises : The Subject operates from premises at the
verified heading address
consisting of a warehouse and an administrative office.
Branches : In addition, the Subject operates from branch
offices and warehouses located at:
20 Cocos
Drive
Bibra
Lake, WA 6163
Australia
Tel: +61 8
9412 0300
19-21
Loyalty Road
North
Rocks, NSW 2151
Australia
Tel: +61 2
9933 0400
395-397
Lower Dandenong Road
Dingley,
VIC 3172
Australia
Tel: +61 3
8558 0900
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve
Bank of Australia
Reserve of foreign exchange
& gold : US$ 46.714 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 : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment rate : 2010: 5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General Government gross
debt as
a % GDP) :
2010: 20.4%
2011:
22.9%
2012: 24%
Government bond ratings : Standard & Poor's: AAA
Moody's
rating: Aaa
Moody's
outlook: STA
Market value of publicly
traded shares : US$1.198 trillion
Largest companies in the
country : Qantas Airways
(Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal
Services),Crown Ltd (Casinos &
aming), Amcor (Containers & Packaging),Suncorp-Metway (Diversified
Insurance), BHP Billiton (Diversified Metals & Mining),Newcrest Mining
(Diversified Metals & Mining), Orica (Diversified Metals & Mining),
Iluka Resources (Diversified Metals & Mining), Origin Energy (Electric
Utilities), AGL Energy (Electric Utilities), Wesfarmers (Food Retail),
Woolworths (Food Retail), Metcash (Food Retail), Macquarie Group (Investment
services), AMP (Investment services), Challenger Ltd (Investment services),
Fortescue Metals Group (Iron & Steel), Bluescope Steel (Iron & Steel),
Commonwealth Bank (Major Banks), Westpac Banking Group (Major Banks), National
Australia Bank (Major Banks), ANZ (Major Banks), Woodside Petroleum (Oil &
Gas Operations), Santos (Oil & Gas Operations), Caltex Australia (Oil &
Gas Operations), WorleyParsons (Oil Services & Equipment), Toll Holdings
(Other Transportation), Transurban Group (Other Transportation), QBE Insurance
Group (Property & Casualty Insurance), Insurance Australia Group (Property
& Casualty Insurance), QR National (Railroads), Westfield Group (Real
Estate), Stockland Australia (Real Estate), Westfield Retail Trust (Real
Estate), Lend Lease (Real Estate), CFS Retail Property Trust (Real Estate),
Goodman Group (Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank
of Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals), Telstra
(Telecommunications Services)
Trade &
Competitiveness Overview
Total exports : US$263.9 billion
Exports commodities : Coal, iron ore, gold, meat, wool,
alumina, wheat, machinery and transport
equipment
Total imports : US$239.7 billion
Imports commodities : Machinery and transport
equipment, computers and office machines,
telecommunication equipment and parts; crude oil and petroleum
products
Export - major partners : China 27.4%, Japan 19.2%, South
Korea 8.9%, India 5.8%
Import - major partners : China 18.5%, US 11.4%, Japan 7.9%,
Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009: US$26,554
million
2010:
US$35,556 million
2011:
US$41,317 million
FDI Outflows : 2009: US$16,693
million
2010:
US$12,791 million
2011:
US$19,999 million
Best countries for doing
business : 10 out of 185 countries
Global competitiveness
ranking : 20 (ranking by country on a basis of 144, the first is the best)
Country and
Population Overview
Total population : 22.68 million
Total area : 7,692,024 km2
Capital : Canberra
Currency : Australian
dollars (AUD)
Internet users as % of total
Population 79%
PAYMENT HISTORY
Purchase Term
International : L/C, Telegraphic transfer, D/P,
Credit 30-90 days
Sales Term
Local : Credit card, Bank
transfer, D/P, Prepayment, Credit 30-90 days
International : Telegraphic transfer, D/P,
Credit 30-90 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.89 |
|
UK Pound |
1 |
Rs.103.95 |
|
Euro |
1 |
Rs.88.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.