MIRA INFORM REPORT
|
Name :
|
FOX & LILLIE PTY. LTD.
|
|
|
|
|
Formerly Known As :
|
ROBIN BOYD PROPRIETARY LIMITED (initial)
|
|
|
|
|
Registered Office :
|
Level 4, 166
Albert Road, South Melbourne, Victoria 3205
|
|
|
|
|
Country :
|
Australia
|
|
|
|
|
Date of Incorporation :
|
05.07.1961
|
|
|
|
|
Com. Reg. No.:
|
Australian Company Number: 004521144
|
|
|
|
|
Legal Form :
|
Australian Proprietary Company, Limited by Shares
|
|
|
|
|
Line of Business :
|
The Subject engages in sourcing, purchasing, processing
and export of wool.
|
|
|
|
|
No. of Employees :
|
20
|
|
RATING
|
STATUS
|
PROPOSED CREDIT LINE
|
|
41-55
|
Ba
|
Overall operation is considered normal. Capable to meet normal
commitments.
|
Satisfactory
|
|
|
|
|
|
Status :
|
Satisfactory
|
|
Payment Behaviour :
|
No complaints
|
|
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 30, 2014
|
Country Name
|
Previous Rating
(30.06.2014)
|
Current Rating
(30.09.2014)
|
|
Australia
|
A2
|
A2
|
|
Risk Category
|
ECGC
Classification
|
|
Insignificant
|
A1
|
|
Low
|
A2
|
|
Moderate
|
B1
|
|
High
|
B2
|
|
Very High
|
C1
|
|
Restricted
|
C2
|
|
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
CORPORATE 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
Telephone
+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
|
Report
Summary
|
|
Date registered
05/07/1961
Legal form
Australian Proprietary Company, Limited by Shares
Key personnel
James Harrison Lillie
Line of business
The Subject’s business consist of sourcing, purchasing, processing and export
of wool.
Staff employed
20 employees
|
Paid-up capital
AUD 43,792.00
|
CREDIT RISK OUTLOOK
|
Subject’s
Credit Risk 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
|
Organisation structure
Organisational structure is stable
Detrimental
No detrimental found
Payment history
No payment delays noted
|
STATUTORY DETAILS
|
Registry
Information
|
|
Date registered
05/07/1961
Legal form
Australian Proprietary Company, Limited by Shares
Registration number
Australian Company Number: 004521144
Registered authority
Australian Securities and Investments Commission
Tax / VAT number
Australian Business Number: 99004521144
|
Statutory status
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.
Other registration
The Subject is a member of Australian Wool Exchange. The Subject owns the
following business names:
- MERINO SUPERSOFT
- GEELONG
ORGANIC
MERINO
- ORGANIC MERINO
AUSTRALIA
- WOOLCOM
INTERNATIONAL
TRADING
- TWT WOOL AUSTRALIA
- MELBOURNE
WOOL
COMPANY
- BESTWOOL COMPANY
- MARCOPOLO SRL
|
BOARD OF MANAGEMENT
|
Key
Personnel
|
|
Name
James Harrison Lillie
Designation
Managing Director
|
|
BOARD OF DIRECTORS
|
Appointments
|
|
Name
James Harrison Lillie
Title
Director and Company Secretary
Appointment date
03/12/85
Address
72 Elizabeth Street
Malvern, VIC 3144
Australia
Biography
Born on 21-09-1957 in Melbourne,
Victoria, Australia.
Name
Jonathan Andrew Lillie
Title
Director
Appointment date
30/09/98
Address
36 Two Bays Crescent
Mount Martha, VIC 3934
Australia
Biography
Born on 30-01-1961 in Melbourne, Victoria, Australia.
|
Staff employed
20 employees
|
SHARE CAPITAL
|
Composition
|
|
Authorized capital
AUD43,792.00
Number / Type of shares
1 Class A Share / 1 Class B Share / 21,894 Ordinary Shares
Share par value
AUD 2.00
Issued capital
AUD43,792.00
|
Paid-up capital
AUD43,792.00
|
OWNERSHIP / SHAREHOLDERS
|
Composition
|
|
Shareholder name
FOX & LILLIE HOLDINGS PTY. LTD.
Address
Level 4, 166 Albert Road
South Melbourne, VIC 3205
Australia
Number / Type of shares
1 Class A Share / 1 Class B Share / 21,893 Ordinary Shares
Shareholder name
Jonathan Andrew Lillie
Address
36 Two Bays Crescent
Mount Martha, VIC 3934
Australia
Number / Type of shares
1 Ordinary Share
|
|
CORPORATE AFFILIATIONS AND
RELATED COMPANIES
|
Structure
|
|
Company name
FOX & LILLIE HOLDINGS PTY. LTD.
Affiliation type
Parent Company
Country of business
Australia
Company name
FOX & LILLIE (AUSTRALIA) PTY. LTD.
Affiliation type
Sister Company
Country of business
Australia
Company name
FOX & LILLIE RURAL PTY LTD
Affiliation type
Sister Company
Country of business
Australia
Company name
FOX & LILLIE PROPERTIES PTY LTD
Affiliation type
Sister Company
Country of business
Australia
Company name
LEMPRIERE FOX & LILLIE INTERNATIONAL PTY LTD
Affiliation type
Sister Company
Country of business
Australia
|
Remarks on corporate affiliations and related companies
Other companies of the Fox & Lillie group should be considered affiliates
of the Subject.
|
BANK AND MORTGAGES
|
Bank
Details
|
|
Name of bank
National Australia Bank
Address
Australia
|
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.
|
|
Legal
Filings
|
|
Bankruptcy filings
None reported.
Court judgements
None reported.
|
Tax liens
None reported.
Others
None reported.
|
FINANCIAL
STATISTICS
|
Remarks
|
|
The representative contacted
declined to provide any financial information.
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 $12.5 million, and
-The company and any entities it controls have fewer than 50 employees at the
end of the financial year.
|
BUSINESS DETAILS
|
Operational
Details
|
|
Main activities
The Subject engages in sourcing, purchasing, processing and export of wool.
Products and services
Greasy Raw Wool
Scoured wool
|
|
Purchases
|
|
Local
The Subject sources its product(s) / material(s) locally.
|
International
The Subject sources its product(s) / material(s) from countries worldwide.
|
|
Sales
|
|
Local
The Subject sells its product(s) locally.
|
International
The Subject exports its product(s) to countries worldwide.
|
|
Business
Facilities and Assets
|
|
Premises
The Subject operates from the verified heading address consisting of an
administrative office.
|
Branches
None reported.
|
SUMMARIZED COUNTRY RISK
|
Gross
Domestic Products (GDP) and Economic Overview
|
|
Central bank
Reserve Bank of Australia
Reserve of foreign exchange and gold
US$ 46.714 billion
Gross domestic product (GDP)
US$ 180.548 billion
Purchasing power parity (GPP)
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 percentage (%) of
GDP)
2010: 20.4%
2011: 22.9%
2012: 24%
Government bond ratings
Standard & Poors: AAA
Moodys rating: Aaa
Moodys outlook: STA
Market value of publicly traded shares
US$1.198 trillion
|
|
Trade
and Competitiveness Overview
|
|
Total exports
US$263.9 billion
Export commodities
Coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport
equipment
Total imports
US$239.7 billion
Import commodities
Machinery and transport equipment, computers and office machines,
telecommunication equipment and parts; crude oil and petroleum products
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)
|
Major export partners
China 27.4%, Japan 19.2%, South Korea 8.9%, India 5.8%
Major import 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
|
|
Country
and Population Overview
|
|
Total population
22.68 million
Total area
7,692,024 km2
Capital
Canberra
|
Currency
Australian dollars (AUD)
Internet users as percentage (%) of total population
79%
|
PAYMENT OUTLOOK
|
Purchases
Term
|
|
Local
Bank transfer, Prepayment, Cheque, Credit 30-60 days
|
International
Telegraphic transfer, L/C, Prepayment, Credit 30-60 days
|
|
Sales
Term
|
|
Local
Bank transfer, Prepayment, Cheque, Credit 30-60 days
|
International
Telegraphic transfer, L/C, Prepayment, Credit 30-60 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
|
|
Currency
|
Unit
|
Indian Rupees
|
|
US Dollar
|
1
|
Rs.63.65
|
|
UK Pound
|
1
|
Rs.99.14
|
|
Euro
|
1
|
Rs.77.60
|
|
Analysis Done by
:
|
SUB
|
|
|
|
|
Report Prepared
by :
|
NIS
|
|
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.
|
|