<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Home Security International, Inc.
---------------------------------
(Name of Issuer)
Common Stock, Par Value $.001 per share
---------------------------------------
(Title of Class of Securities)
43733-107
---------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 65715D100 13G PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FAI Insurances Limited
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Australia
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 2,150,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,150,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,150,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
41.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
<PAGE>
Item 1 (a) Name of Issuer:
- ---------- Home Security International, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices:
- ---------- Level 7, 77 Pacific Highway
North Sydney, NSW 2060
Australia
Item 2 (a) Name of Person Filing:
- ---------- FAI Insurances Limited
Item 2 (b) Address of Principal Business Office, or, if none, Residence:
- ---------- 12th Floor
185 Macquarie Street
Sydney, NSW 2000
Australia
Item 2 (c) Citizenship:
- ---------- Australia
Item 2 (d) Title of Class of Securities:
- ---------- Common Stock, par value $0.001 per share
Item 2 (e) CUSIP Number:
- ---------- 43733-107
Item 3 Not Applicable.
- ------
Item 4 Ownership:
- ------
The following information is provided as of December 31, 1997:
(a) Amount Beneficially Owned: 2,150,000
(b) Percent of Class: 41.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,150,000
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
2,150,000
(iv) shared power to dispose or to direct the disposition
of: 0
Item 5 Ownership of Five Percent or Less of a Class: Not Applicable
- ------
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
- ------ Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
- ------ the Security Being Reported on By the Parent Holding Company: Not
Applicable
Item 8 Identification and Classification of Members of the Group: Not
- ------ Applicable
<PAGE>
Item 9 Notice of Dissolution of Group: Not Applicable
- ------
Item 10 Certification: Not Applicable
- -------
Signature
- ---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
-----------------------------------------
Date
-----------------------------------------
Signature
Timothy M. Mainprize, Director of Finance
-----------------------------------------
Name/Title
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).