MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
EXPORT-IMPORT TRADE CENTRE OFCANADA AND U.S.A. LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13/07/1993 |
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Legal Form : |
Provincially Chartered Corporation - PrivateSince |
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Line of Business : |
The Subject is engaged as an international food, fiberglass and chemical
products 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : EXPORT-IMPORT TRADE
CENTRE OFCANADA AND U.S.A. LIMITED
Address :
City :
State/Province :
Zip Code :
M5G 1T6
Country :
Telephone : 416
979-7967
Facsimile :
416 979-8866
Legal Form :
Provincially Chartered Corporation - Private
Website :
www.eximcan.com
Business Activity : The
Subject is engaged as an international food, fiberglass and chemical products
company.
Founded (D/M/Y) : / /1990
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 12
NOTE TO CLIENT
PERSON CONTACTED: Mr. Mike Mehta
- Managing Director
Mr. Mehta provided all the information in this report.
LEGAL
Legal Form :
Provincially Chartered Corporation - PrivateSince
(D/M/Y) :
13/07/1993
State/Province of Incorporation :
ON
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
Legal Name : Export-Import Trade Centre of
ID Number : 1037293
Status : Active
Jurisdiction : ON
Incorporation Date : 7/13/1993
Managers/Key
Personnel
Mr. Mike Mehta
Managing Director
AFFILIATED ENTITIES
The Company does have a parent or any other affiliated entities. They are member of the following
organizations:
Canadian Special Crops Association (CSCA)
Canadian Manufacturers and Exporters (CME)
Pulse
Subsidiaries
A MComposites
ON
BANKS
ICICI Bank
ON
Telephone: 416 601-2773
Facsimile:
Account Number: 100068115
Account Manager: Mr. Murugesh Umapati
A credit reference could not be obtained on the Subject's account
without signed authorization from the Company which could not be obtained from
management.
ROYAL BANK OF
Telephone: 416) 974-2159
Facsimile: 416) 974-9797
Account Number:
Account Manager:
The above bank is the primary bank management cofirmed the bank, but
decline to release the account number. Therefore a bank reference could not be
furnished.
PAYMENT HISTORY
Supplier's
Name/Industry Terms Amount/Pay
Habits/Comments
Rptd
Open Credit Credit
High Total
Current Past Due/Pay Period
Date
Date Limit Limit Dt. Credit Owing
$ 1st 2nd
3rd
------------------------------------------------------------------------------
Trucking:
*Jul 0 525
525 525 0
0 0
Transportation Serv:
*Jul 0 490 490
258 232 0
0
CITI CARDS
*Jul May/2002
1,500 1,254
819 819 0
0 0
------- -------
------- ------- ------- -------
P.I. =
8 90 Days 2,269
1,834 1,602 232
0 0
Reported ------- ------- ------- ------- -------
-------
Agriculture Service:
#
*Apr 0 40,448 40,448
20,554 19,894 0
0
Retail-Establishment:
*Apr 0 2,000 398
398 0 0
0
Transportation Serv:
*Jan 0 67 67
67 0 0
0
------- -------
------- ------- ------- -------
P.I. =
5 Total 44,784
42,747 22,621 20,126
0 0
Reported ------- ------- ------- ------- -------
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PAYMENT TRENDS
Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
------------------------------------------------------------------------------
2 Qtr/2007
8 8 5
42,048 21,867 20,097
84 0
1 Qtr/2007
0 14 4
997 997 0
0 0
4 Qtr/2006
13 8 4
18,607 798 17,725
84 0
3 Qtr/2006
7 12 3
995 940 0
55 0
2 Qtr/2006
0 12 4
42,200 14,302 27,898
0 0
1 Qtr/2006
0 14 3
41,611 13,713 27,898
0 0
4 Qtr/2005
0 18 3
41,493 41,493 0
0 0
3 Qtr/2005
16 13 4
30,543 15,946 14,597
0 0
2 Qtr/2005
6 12 3
1,250 1,026 224
0 0
FINANCIAL INFORMATION
Management
declined to release finacial statements, however he did state that annual sales
were above 10 million Canadian dollars. Management also stated that the company
reported a profit for 2006.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees:
12
Business Activity
The Subject is engaged as an international food, fiberglass and chemical
products company.
The Company provides distribution, import/export, trading services and
warehousing. They distribute throughout,
North
The heading address is the Company's headquarters. The property consists of approximately 8,000
square feet of office and showroom space.
They have branches in
PUBLIC RECORD
A nationwide search of public and bankruptcy courts shows no derogatory
information or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Export-Import Trade Centre of Canada And U.S.A. Limited is engaged as an
importer, exporter and warehouser of food, fiberglass and chemical products.The
payment record is satisfactory; no derogatory information has been reported or
noted. A search of the 9 jurisdictional bankruptcy courts of
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%)