MIRA
INFORM REPORT
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Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOB-EX INC. |
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Registered Office : |
2350 Cawthra Rd
Unit 1, Mississauga, On, L5A 2XI |
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Country : |
Canada |
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Date of Incorporation : |
15/09/2005 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Engaged a trader
of steel and steel-related materials and 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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: GLOB-EX INC.
Trade Name:
Address: 2350 CAWTHRA
RD UNIT 1
City: MISSISSAUGA
State/Province: ON
Zip Code: L5A 2XI
Country: CANADA
Telephone: 905-232-4274
Facsimile: 905-275-3928
URL No
Website
Legal Form: Provincially Chartered
Corporation - Private
Shareholder:
Founded (D/M/Y):
Sales / Revenue: 700,000
Net Income: -
Total Equity: -
Number of
Employees: 3
Business
Activity: The
Subject is engaged a trader of steel and steel-related materials and products.
NOTE TO CLIENT
We contacted the
company and spoke to Mr. Zahid Eada, President, who provided information about
the company.
Please note that
we did send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time.
LEGAL
Legal Form: Provincially
Chartered Corporation - Private
Incorporation
State ON
Status: ACTIVE
Since (D/M/Y): 15/09/2005
The company is NOT
required to publish an annual financial report.
The Subject is incorporated in the province of Ontario under the following registration:
Name: GLOB-EX INC.
Corp #: 002081623
Date of Incorp: SEPT-15-2005
Status: Active
Jurisdiction: Ontario
MANAGERS / KEY PERSONNEL
Mr. Zahid Eada President
Mr. F. Dawood Director
AFFILIATED COMPANIES
There are no known
affiliates or subsidiaries.
BANKS
Habib Canadian
Bank
City: Mississauga
State/Province: ON
Country: CANADA
Telephone: 905-276-5300
Facsimile: 905-276-5400
Account Manager: Mr. Ismail Mirza Bank rating:
Account Number: Open
Since (D/M/Y):
Credit Facility: - Overdraft
Limit: -
Outstanding
Amount: - Bank
Loans: -
Returned Checks: -
Average Account
Balance:
We have contacted
the above-mentioned bank. In the event of a response, we will forward the
information immediately.
PAYMENT HISTORY
The firm is not a large seeker of local trade credit as a significant payment record could not be developed.
FINANCIAL INFORMATION
Fiscal Year End :
Year-End (D/M/Y) 31/12/2006
Income Statement Consolidated
Global Net Sales 700,000
FINANCIAL INDICATORS
According to Mr.
Zahid Eada, the Subject had 2006 fiscal year sales of $700,000 USD.
The figure is
expressed in actual USD.
The Company was
forwarded a fax requesting financial information.
Currently we have
not received a response.
CURRENT OPERATIONS
SIC Code: 5051
NAICS Code: 42151
Metal Service
Centers and Offices
Number of Employees: 3
Business Activity:
The Subject is
engaged a trader of steel and steel-related materials and products.
The heading address
is the sole location of the Company.
The property is
leased.
TRADE REFERENCES
Arcelor Stainless
Canada
Address: Burlington,
Ontario Amount
Outstanding: -
Telephone: 905 336 7616 Amount Past Due: -
Facsimile: 905 336 0419 High Credit
Utilized: -
Contact: Terms:
Credit Limit: - Days
to Pay:
Ni-Met Metals
& Minerals Inc.
Address: Mississauga,
Ontario Amount
Outstanding: -
Telephone: 905-366-3687 Amount Past Due: -
Facsimile: 905-366-3688 High Credit Utilized:
-
Contact: Terms:
Credit Limit: - Days
to Pay:
We have contacted
the above-mentioned trade references.
PUBLIC RECORD
No derogatory information such as bankruptcy filings, tax liens, or statements of claim were found against the
Company.
COMMENTS
The Subject is engaged a trader of steel and steel-related materials and
products since 2005. No payment record was
found for the Company. No derogatory information
such as bankruptcy filings, tax liens, or statements of claim were found against the Company. The Firm should be considered responsible for normal business
transactions.
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. |
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%)