MIRA INFORM REPORT

 

 

Report Date :

11.08.2007

 

IDENTIFICATION DETAILS

 

Name :

9139-6028 QUEBEC INC.

 

 

Registered Office :

2600 Blvd Laurier Local 196, Ste. Foy, Quebec - G1T 2H6                     

 

 

Country :

Canada                       

 

 

Date of Incorporation :

2004

 

 

Legal Form :

Provincially Chartered Corporation - Private

 

 

Line of Business :

Importer and retailer of Persian carpets and rugs.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            9139-6028 QUEBEC INC.

Trade Name(s):              PRESTIGE SIGNATURE

Address:                       2600 BLVD LAURIER LOCAL 196

City:                             STE. FOY                    

State/Province:              QUEBEC                               

Zip Code:                      G1T 2H6                     

Country:                                    CANADA                      

Telephone:                    418-650-4444                

Facsimile:                     418-650-3553                   

Founded (D/M/Y):          /  /2004

As of:

Sales / Revenue:

Net Income:

Total Equity:

Number of Employees :  9

Legal Form:                   Provincially Chartered Corporation - Private

Website:                       N/A

Maj. Shareholder:           Mr. Saied Shakibaian

Business Activity:          The Company is an importer and retailer of Persian carpets and rugs.

 

 

NOTE TO CLIENT

 

NOTE::LEGAL NAME:   9139-6028 QUEBEC INC.

ORDERED NAME: PRESTIGE SIGNATURE

 

PLEASE NOTE THAT THE ORDERED NAME IS A TRADE NAME FOR THE SUBJECT

 

Person Contacted:  Mr. Saied Shakibaian, President.  He verified and updated the information presented to him.

 

 

LEGAL

 

Legal Form:                               Provincially Chartered Corporation – Private

Since (D/M/Y):                           01/03/2004

State/Province of Incorporation:   QC

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

The Company provincially chartered in Quebec under the following registration.

 

Incorporation Number:    1162076310

Legal Name:                  9139-6028 QUEBEC INC.

Incorporation Date:         3/1/2004

Last Annual Report:       2/2/2007

Location:                       Quebec

Address:                       1315, CHARLES-FITZPATRICK

             SILLERY (QUEBEC) G1T 2H6

 

 

 

Managers/Key Personnel

 

Mr. Saied Shakibaian                   President

 

 

OWNERS

 

Mr. Saied Shakibaian                        100.00%        Majority

 

The Company has no subsidiaries or affiliates.

 

 

BANKS

 

Bank of Nova Scotia

Ste Foy PQ

Telephone:

Facsimile:

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

 

Mr. Shakibaian declined to provide any financial statement information over the phone, citing company policy.  He deferred all financial information to a fax request.  If we receive a response, we will amend the report accordingly.

 

 

CURRENT OPERATIONS

 

NAICS Code:   45        Retail - Books, Sporting Goods, General Merchandise

 

Number of Employees : 9  

 

Business Activity:

The Company is an importer and retailer of Persian carpets and rugs. The Subject imports from India, China, Iran, Turkey, and Pakistan.

 

The heading address is the sole location for the Subject.  The facility consists of leased office and retail space.

 

 

 

 

TRADE REFERENCES

 

The Company stated that it has no significant creditors in the US or Canada.

 

 

PUBLIC RECORD

 

A search of public revealed no derogatory information, bankruptcy petitions or Uniform Commercial Codes.

 

 

GENERAL COMMENTS

 

The Subject, founded in 2004 in Quebec, is engaged as an importer and retailer of carpets and rugs.  No payment record was found for the Subject, however, the operating history is clear.  No derogatory information or bankruptcy petitions were reported or noted.  The Company is responsible for normal business transactions.

 

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions