MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JIMMY'S QUALITY
TILES & STONES LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22/12/2003 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Importer and retailer
of ceramic tile, marble, and granite flooring. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JIMMY'S
QUALITY TILES & STONES LTD.
Trade Name(s): QUALITY
TILES
Address:
City:
State/Province:
Zip Code: V3X
3Y3
Country:
Telephone: 604-322-8777
Facsimile: 604-324-8700
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Provincially
Chartered Corporation - Private
Website: No
website.
Business Activity: Importer and retailer of ceramic tile,
marble, and granite flooring. Distribution is
throughout
NOTE TO CLIENT
NOTE: The provided
name: QUALITY TILES, is a trade name for JIMMY'S QUALITY TILES & STONES LTD. located at
Ms. Daisy (last name
not provided), Office Manager, confirmed the name, address, President's name,
and business activity of the Subject but declined all additional information
requests over the telephone. Please note that we sent a written request for
information to her via fax but have yet to receive a response. Should we receive
additional information from Management at a later time, this report will be
updated accordingly.
NOTE: Number of
employees could not be ascertained via Management or all outside sources
consulted.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 22/12/2003
State/Province of
Incorporation: BC
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
JIMMY'S QUALITY
TILES & STONES LTD.
INC. NUMBER:
BC0683874
INC. DATE:
12/22/2003
STATUS: ACTIVE
Managers/Key
Personnel
Mr. Jimmy Arora President
AFFILIATED ENTITIES
We are unaware of
any existing affiliates or subsidiaries.
BANKS
Bank of
Telephone:
604-665-2530
Facsimile:
Account Number:
1037301
Account Manager:
Requires a signed
authorization from the Company which we could not obtain at this time.
PAYMENT HISTORY
The firm does not
appear to be a seeker of local trade credit as a significant payment record
could not be developed.
FINANCIAL INFORMATION
Per Management's
request, the Company was forwarded a fax requesting financial information.
Currently we have not received a response.
CURRENT OPERATIONS
NAICS Code: 44221
Floor Covering Stores
SIC Code: 5023
Business Activity:
Importer and
retailer of ceramic tile, marble, and granite flooring. Distribution is throughout
TRADE REFERENCES
Per Management's
request, we have sent a written request via facsimile to the Subject for the
names and contact information of their suppliers. We have not yet received a
response from the Subject however at such time as we receive the requested
information, we will contact all vendors of the Subject for a trade reference
and provide an update.
PUBLIC RECORD
A Nationwide search
of public and bankruptcy courts revealed no Uniform
GENERAL COMMENTS
The Subject is
engaged as an importer and retailer of ceramic tile, marble, and granite
flooring. No payment records were found and a search of public records and bankruptcy
courts revealed no derogatory information or record of the Company filing a
bankruptcy petition.
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%)