MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
3385175 CANADA INC. |
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Registered Office : |
4058 Jean Talon West Suite 100, Montreal, Quebec H4P 1V5, Canada. |
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Country : |
Canada |
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Date of Incorporation : |
19.06.1997 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
Manufacturer and Wholesaler of diamond
jewellery |
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 : 3385175 CANADA INC.
Trade Name(s) : FIRST CANADIAN DIAMOND CUTTING WORK
CANADIAN DIAMOND CUTTING WORKS
FIRST CANADIAN DCW
Address : 4058 JEAN TALON WEST SUITE 100
City : MONTREAL
State/Province : QUEBEC
Zip Code : H4P 1V5
Country : CANADA
Telephone : 514-875-4800
Facsimile : 514-393-1295
Legal Form : Federally Chartered Corp. - Private
Website : N/A
Maj. Shareholder : Mr. Mayer Gniwisch
@rating Opinion :
Business Activity : The Company is a diamond jewelry manufacturer and wholesaler.
Founded (D/M/Y) : / /1997
In KCAD As of : 31/12/2005
Sales / Revenue : 27,000
Net Income :
Total Equity :
Number of Employees : 50
NOTE TO CLIENT
NOTE:
LEGAL NAME : 3385175 CANADA INC.
ORDERED NAME : FIRST CANADIAN DIAMOND
PLEASE NOTE THAT THE ORDERED NAME IS A PART OF THE TRADE NAME, FIRST
CANADIAN DIAMOND CUTTING WORKS
Please also note that the Company moved from the ordered address, 1085
RUE ST. ALEXANDRE (not Alexandra) SUITE 500 to the heading address in the summer of 2006.
Person Contacted: Assistant to Mr. Mayer Gniwisch, President (no name provided). She verified and updated general information presented to her. She deferred all bank, trade, and financial information to Mr. Gniwisch, who was not available at the time of this report. A fax was sent to Mr. Gniwisch to obtain this information.
LEGAL
Legal Form : Federally Chartered Corp. - Private
Since (D/M/Y) : 19/06/1997
State/Province of Incorporation : Canada
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company federally Chartered in Canada under the following registration:
Corporation #3385175
BN #883554891RC0001
Corporation Name(s) : 3385175 CANADA INC.
Mailing Address : [Latest address on file]
Care of :
Street : 4058, RUE JEAN-TALON OUEST, BUREAU 100
MONTRÉAL (QUÉBEC) H4P 1V5
Province : Quebec
Postal Code : H2Z1P4
Country : Canada
Registered Office Address : [Latest address on file]
Care of:
Street : 1085 ST-ALEXANDER ST. 500
City : MONTREAL
Province : Quebec
Postal Code : H2Z1P4
Country : Canada
Reg. Off. Eff : 1997/06/19
Status : Active
Incorporation Date : 1997/06/19
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The Company provincially qualified in Quebec under the following registration:
File Number : 1147690151
Legal Name : 3385175 CANADA INC.
Incorporation Date : 6/19/1997
Last Annual Report : 10/27/2005
Location : Canada
Address : 4058, RUE JEAN-TALON OUEST, BUREAU 100
MONTRÉAL (QUÉBEC) H4P 1V5
Managers/Key Personnel
Mr. Mayer Gniwisch President
Ms. Brenda Gniwisch Secretary & Treasurer
OWNERS
Mr. Mayer Gniwisch % Majority
Ms. Brenda Gniwisch Shareholder
Ms. Dina Krasnanski Shareholder
AFFILIATED ENTITIES
The Company is affiliated with the following companies through common ownership:
DELMAR MANUFACTURING
ICE.COM, INC.
DIAMOND.COM, LLC
3733599 CANADA INC.
The Company has no subsidiaries.
BANKS
CIBC
600 Rue Cathcart
Montreal PQ H3B1K8
Telephone : (514) 867-2962
Facsimile : (514) 876-8649
Account Number:
Account Manager:
This bank only reports credit information to other banks.
PAYMENT HISTORY
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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
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Transportation Serv:
*Dec 0
118K 118K 112K
2,686 0 3,127
Whlsl-Ind Mach Sppls:
*Nov 0
19 19 19
0 0 0
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------- ------- ------- ------- -------
P.I. =
4 90 Days 118K
118K 112K 2,686
0 3,127
Reported ------- -------
------- ------- ------- -------
-------
------- ------- ------- ------- -------
P.I. =
4 Total 118K 118K 112K 2,686
0 3,127
Reported ------- ------- ------- ------- -------
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PAYMENT TRENDS
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Payment C.I. Number of Total
Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd 3rd
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4 Qtr/2006
3 12 2
118,144 112,331 2,686 0 3,127
3 Qtr/2006
15 18 2
56,880 48,391 0 0 8,489
2 Qtr/2006
15 12 2
111,448 81,281 18,635
3,385 8,147
1 Qtr/2006
0 20 1 20 20 0 0 0
4 Qtr/2005
12 16 2
116,089 77,788 36,623 0 1,678
3 Qtr/2005
10 12 2
165,675 122,510 37,252
5,761 152
2 Qtr/2005
3 12 2
85,179 78,657 5,438
312 772
1 Qtr/2005
NA 14 0 0 0 0 0 0
4 Qtr/2004
NA 14 0 0 0 0 0 0
FINANCIAL INFORMATION
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FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales / Revenues 27,000 - -
Mr. Gniwisch's assistant deferred all financial information to Mr. Gniwisch. If we receive a response to our fax request, we will amend the report accordingly.
During a May, 2006 interview with Mr. Gniwisch, he stated net sales for 2005 were approximately CAD 27 Million.
CURRENT OPERATIONS
NAICS Code: 339913 Jewelers' Material and Lapidary Work Manufacturing
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
Number of Employees: 50
Business Activity
The Company is a diamond jewelry manufacturer and wholesaler.
The Subject imports from Israel and India and exports to the United States.
The heading address is the headquarters for the Subject. The facility consists of office and warehouse space.
The Company has an additional office in Champlain, New York.
TRADE REFERENCES
The following trade references were faxed for credit information. If we receive responses, we will amend the report accordingly.
FREMADA GOLD
Address : New York, NY
Tel : 212-921-8829
Fax : 212-764-4101
Date Account Opened : 2003
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BYO LLC
Address : New York, NY
Tel : 212-398-9292
Fax : 212-398-6161
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COTEL
Address : New York, NY
Tel : 212-245-6200
Fax : 212-245-5266
Date Account Opened : 5/31/05
PUBLIC RECORD
A search of public revealed no derogatory information, Uniform
Commercial Codes, or bankruptcy petitions.
GENERAL COMMENTS
The Subject, founded in 1997, is engaged as a diamond jewellery wholesaler and manufacturer. The payment record is very limited, however, generally satisfactory and 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
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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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