MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
HIMALAYA CAPITAL
MANAGEMENT INC. |
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Registered Office : |
2450 Doulton
Place, Mississauga, Ontario - 26h 4g5 |
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Country : |
Canada |
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Date of Incorporation : |
04/02/2004 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Financial trading
company. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: HIMALAYA
CAPITAL MANAGEMENT INC.
Address: 2450
DOULTON PLACE
City: MISSISSAUGA
State/Province: ONTARIO
Zip Code: 26H
4G5
Country: CANADA
Telephone: 905
278-9500
Facsimile: 416
369-0199
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
1
Legal Form: Corporation
- Private
Website: N/A
Business
Activity: The Firm is a financial trading company.
NOTE TO CLIENT
Person Contacted:
Mr. Vasdev Chanchlani, President.
LEGAL
Legal Form: Corporation - Private
Since (D/M/Y): 04/02/2004
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is
incorporated in Canada under the following:
Name: HIMALAYA
CAPITAL MANAGEMENT INC.
Date: 2004/02/04
Status: ACTIVE
Corp Id: 001606435
Jurisdiction: ONTARIO
Managers/Key
Personnel
Mr. Vasdev
Chanchlani President
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide the name of the Firm's primary bank and outside sources provided no
additional information.
PAYMENT HISTORY
The Firm is not a large
seeker of local trade credit as such a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Chanchlani
declined to provide financial statements, however stated that the Firm was
involved in trade exceeding CAD$ 200 million.
CURRENT OPERATIONS
NAICS Code: 52232
Financial Transactions Processing, Reserve, and Cl
SIC Code: 6099
Number of
Employees: 1
Business Activity:
The Firm is a
financial trading company.
The Firm offers
financial trading services for commercial, industrial and chemical companies
both offshore and domestic (to Canada).
The heading address
is Mr. Chanchlani residence and the Firm occupies a small office space.
PUBLIC RECORD
No judgements, tax
liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is an
established financial trading company. The Firm is not a large seeker of local
trade credit as such a payment record could not be developed. No judgements, tax
liens or bankruptcy petitions were traced to the Firm. The Firm is considered
responsible for normal trade relations.
RATING
EXPLANATIONS
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)