MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
6414486 |
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Registered Office : |
2100 Rue Alice Nolin Suite 507, |
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Country : |
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Financials (as on) : |
2006 (Consolidated) |
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Date of Incorporation : |
05/07/2005 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
Importer and wholesaler of textiles and related fabrics products |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : 6414486
Trade Name(s) :
FABRICARE
Address :
2100 RUE ALICE NOLIN
City :
State/Province :
Zip Code :
HGN 3C3
Country :
Telephone :
514-292-3019
Facsimile :
514-333-3019
Legal Form :
Federally Chartered Corp. - Private
Website :
N/A
Maj. Shareholder : Mr.
Ejaz Shahid
Business Activity : The
Company is an importer and wholesaler of textiles and related fabrics products.
Founded (D/M/Y) : / /2005
As of :
30/06/2006
Sales / Revenue : 125,000
Net Income : --
Total Equity : --
Number of Employees : --
NOTE TO CLIENT
NOTE::LEGAL NAME: 6414486
PLEASE NOTE THAT THE PART OF THE ORDERED NAME (SPELLED FABRICARE) IS A
TRADE NAME FOR THE SUBJECT. THE EXACT
ORDERED NAME IS INCORRECT.
Person Contacted: Mr. Ejaz
Shahid, President and Owner. He verified
and updated the information presented to him.
Please note that Mr. Shahid is the only officer at the Company.
LEGAL
Legal Form :
Federally Chartered Corp. - Private
Since (D/M/Y) :
05/07/2005
State/Province of Incorporation :
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
The Company federally chartered
in
Corporation #6414486
BN #834072076RC0001
Corporation Name(s): 6414486
Registered Office Address:
[Latest address on file]
Care of: SHAVID EJAZ
Street: 6525 BLVD DECARIE SUITE
#208
City:
Province:
Postal Code: H3W3E3
Country:
Reg. Off. Eff: 2005/07/05
Status: Active
Incorporation Date: 2005/07/05
The Company provincially qualified in
Incorporation Number :
1163874267
Legal Name :
6414486
Incorporation Date :
7/5/2005
Last Annual Report :
8/1/2006
Location :
Address :
6525, BOULEVARD DECARIE, BUR. 208
Managers/Key
Personnel
Mr. Ejaz Shahid
President
OWNERS
Mr. Ejaz Shahid
100.00% Majority
The Company has no subsidiaries or affiliates.
BANKS
TD Canada Trust
3131 BOUL DE LA COTE-VERTU
Telephone: 514-337-2772
Facsimile: 514-337-4712
Account Number:
Account Manager:
A fax was sent to the Company for signed authorization for credit
information.
PAYMENT HISTORY
No payment record was found for the Subject at this time.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 30/06/2006 30/06/2006 30/06/2006
Consolidated
Sales / Revenues 125,000 - -
Mr. Shahid stated that the Company in its first year of operations (year
ended 6/30/2007) had approximately CAD 125,000 and operated at a small
loss. He also stated that his accountant
is still working on the financial figures.
He accepted a fax request to provide the financial statements for when
they became available. If we receive
a response, we will amend the report
accordingly.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees:
Business Activity
The Company is an importer and wholesaler of textiles and related fabrics products.
The Subject imports from
The heading address is the sole location for the Subject. The facility consists of rented home office
space.
The Company utilizes public
storage for warehousing.
TRADE REFERENCES
Mr. Shahid stated that the Company has no significant creditors in the
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy
petitions or Uniform Commercial Codes.
GENERAL COMMENTS
The Subject, founded in 2005 in
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%)