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Report No. : |
350331 |
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Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
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Name : |
FOX
& LILLIE P/L |
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Registered Office : |
Level 4, 166 Albert Road South Melbourne VIC, 3205 |
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Country : |
Australia |
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Date of Incorporation : |
05.07.1961 |
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Legal Form : |
Australian
Proprietary Company |
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Line of Business : |
Subject operates in the as Australian based wool procurers, brokers,
processors, and exporters, sourcing wool from all over Australia and the
world, and distributing wool in its various forms to customers in countries
spanning the length and breadth of the globe.
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|
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
AUSTRALIA ECONOMIC OVERVIEW
Following
two decades of continuous growth, low unemployment, contained inflation, very low
public debt, and a strong and stable financial system, Australia enters 2015
facing a range of growth constraints, principally driven by a sharp fall in
global prices of key export commodities. Although demand for resources and
energy from Asia and especially China has grown rapidly, creating a channel for
resources investments and growth in commodity exports, sharp drops in current
prices have already impacted growth.
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,
although this trend could reverse or slow due to falling 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
entered into free trade agreements (FTAs) with the Republic of Korea and Japan,
and concluded an FTA with China, in 2014, adding to existing FTAs with Chile,
Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with
ASEAN and New Zealand. Australia continues to negotiate bilateral agreements
with India and Indonesia, as well as larger agreements with its Pacific
neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional
Comprehensive Economic Partnership that includes the ten ASEAN countries and
China, Japan, Korea, New Zealand and India. Australia is also working on the
Trans-Pacific Partnership Agreement with Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
|
Source
: CIA |
FOX & LILLIE P/L
ACN 004521144
ABN 99004521144
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Established |
1948 |
|
|
Incorporated |
1961 |
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Line of Business |
Wool procurers, brokers,
processors, and exporters |
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Status |
Trading |
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Details pertaining
to the subject’s financial and trading position were unable to be obtained for
the current enquiry.
Company Type Australian
Proprietary Company
Status Registered
Incorporation
Date 05 Jul 1961
Incorporation
State VIC
Registered Office
LEVEL 4, 166 ALBERT
ROAD
SOUTH MELBOURNE VIC, 3205
Current Directors
Total: 2
Director Name
LILLIE, JONATHAN ANDREW
Appointment Date
30 Sep 1998
Date of Birth 30
Jan 1961
Place of Birth
MELBOURNE VIC
Gender MALE
Resident Overseas
N
Address 36 TWO
BAYS CRS, MOUNT
MARTHA VIC 3934
Document Number
7E5042577
Director Name
LILLIE, JAMES HARRISON
Appointment Date
03 Dec 1985
Date of Birth 21
Sep 1957
Place of Birth
MELBOURNE VIC
Gender MALE
Resident Overseas
N
Address 72
ELIZABETH ST, MALVERN VIC
3144
Document Number
0E2084199
Current
Secretaries Total: 1
Secretary Name
LILLIE, JAMES HARRISON
Appointment Date
03 Dec 1985
Date of Birth 21
Sep 1957
Place of Birth
MELBOURNE VIC
Address 72
ELIZABETH STREET
MALVERN VIC, 3144
Document Number
0E2084199
Company Shares
Total: 21896 Amount: $43,792
Class A [A]
Number of Shares
Issued 1
Paid Capital
$2.00
Total Amount Due
and Payable $0.00
Document Number
0452114A
Class B [B]
Number of Shares
Issued 1
Paid Capital
$2.00
Total Amount Due
and Payable $0.00
Document Number
0452114A
Class ORD [ORD]
Number of Shares
Issued 21894
Paid Capital
$43,788.00
Total Amount Due
and Payable $0.00
Document Number
0452114A
Current
Shareholders
Shareholder Name
FOX & LILLIE HOLDINGS PTY. Number Held 1
ACN 004604844
ABN 57004604844
Address LEVEL 4,
166 ALBERT ROAD
SOUTH MELBOURNE
VIC, 3205
Class A
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
0E9865074
Shareholder Name
FOX & LILLIE HOLDINGS PTY. LTD.
ACN 004604844
ABN 57004604844
Address LEVEL 4,
166 ALBERT ROAD
SOUTH MELBOURNE
VIC, 3205
Class B
Number Held 1
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
0E9865074
Shareholder Name
FOX & LILLIE HOLDINGS PTY.LTD.
ACN 004604844
ABN 57004604844
Address LEVEL 4,
166 ALBERT ROAD
SOUTH MELBOURNE
VIC, 3205
Class ORD
Number Held 21893
Beneficially Held
Y
Fully Paid Y
Jointly Held N
Document Number
0E9865074
Shareholder Name
LILLIE, JONATHAN ANDREW
Address 36 TWO
BAYS CRESCENT
MOUNT MARTHA VIC,
3934
Class ORD
Number Held 1
Beneficially Held
N
Fully Paid Y
Jointly Held N
Document Number
7E5042580
Effective 30
January 2012 the Personal Property Securities Register (PPSR) was introduced to give the different
Commonwealth, State and Territory laws and registers regarding security
interests in personal property under one national system.
As a result of PPS
Reform a number of existing Commonwealth, State and Territory personal property
security registers will close. Interests registered on existing security
interest registers will be migrated to the national PPS Register. Subsequently
Registered Charges are no longer lodged with the Australian Securities and
Investments Commission (ASIC).
Please contact us
should you require a search of the PPSR.
TRADING ADDRESS LEVEL 4, 166 ALBERT ROAD
SOUTH MELBOURNE VIC, 3205
TELEPHONE (613) 9696 1544
FACSIMILE (613) 9696 2340
WEBSITE www.flrural.com.au
HOLDING ENTITY FOX & LILLIE HOLDINGS
PTY. LTD
ASSOCIATED
ENTITY FOX & LILLIE
RURAL PTY LTD
BANK Not
determined
EMPLOYEES Not determined
The company was founded in 1948 – quality and
service.
The subject operates in the as Australian
based wool procurers, brokers, processors, and exporters, sourcing wool from
all over Australia and the world, and distributing wool in its various forms to
customers in countries spanning the length and breadth of the globe.
Activities are
conducted from premises located at the above listed trading address.
A search of of
on 17 November 2015 failed to trace any litigation listed against the subject
at that date.
The subject is
not required to lodge financial statements with the Australian Securities and
Investments Commission.
During the
current interview conducted with the subjects Manager, he declined to confirm
or release any details pertaining to the subject unless the source of the
enquiry was released.
As a result
details pertaining to the subject’s financial and trading position could not be
obtained for the current enquiry.
Details
pertaining to the subjects suppliers were not provided for the current enquiry.
A trade survey
on the subject was subsequently unable to be conducted.
Trade payment from
further sources in the past 4 months have traced the following data for the
subject.
Total Owing: $2,933
Total Past Due: $0
Average Late Payment Days: 0
-
Within
terms: $2,933
-
1 – 30
days past due: $0
-
31 – 60
days past due: $0
-
61 – 90
days past due: $0
-
91+
days: $0
-
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
|
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 |
|
-- |
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.