MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NI-MET METALS & MINERALS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1990 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Trading house that exports nonferrous base metals & scraps from around the world to Mid & Far East. |
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: NI-MET
METALS & MINERALS INC.
Address:
City:
State/Province:
Zip Code: L4W1A2
Country:
Telephone: 905-366-3687
Facsimile: 905-366-3688
Founded
(D/M/Y): / /1990
In KUSD As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
50
Legal Form: Provincially
Chartered Corporation - Private
Website: www.ni-met.com
Business Activity: The Subject is a trading house that
exports nonferrous base metals & scraps from around
the world to
Mid & Far East.
NOTE TO CLIENT
Contacted Mr. Pankaj
Lilani, Controller, who confirmed general information in this report. Per his
request, a facsimile was sent to his attention to gain more detailed
information. An update will be provided accordingly.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 20/02/2003
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal
Form: None
Company is NOT
required to publish an annual financial report.
NI-Met Metals
& Minerals Inc.
Corporate Number: 001563138
Date of
Incorporation: 2/20/2003
Status: Active
Jurisdiction:
Managers/Key
Personnel
Mr. Anil Shah President
Mr. Pankaj
Lilani Controller
AFFILIATED ENTITIES
The Company has the
following Subsidiaries:
Metco Marketing (
104 Niraj Industrial
Estate
Andheri (East),
Mumbai
400093
Sharjah - United
Arabs Emirates
Parent Companies
Parent Company: 1589615 Ontario, Inc.
ON
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Banking information
was not provided.
PAYMENT HISTORY
The firm is not a
large seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL INFORMATION
The Subject would
not disclose any financial information when contacted citing company policy.
Other outside sources consulted could not provide any further insight into the
financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 42151
SIC Code: 5051
Number of
Employees: 50
Business Activity:
The Subject is a
trading house that exports nonferrous base metals & scraps from around the
world to Mid &
The Subject is
headquartered at the heading address.
The Company has an
office location at:
Shanghai
Representative Office
Room 1106,
200030
TRADE REFERENCES
Trade references
were not provided.
PUBLIC RECORD
A Nationwide search
of public and bankruptcy courts revealed no Uniform Commercial Codes, tax
liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
The Subject exports
nonferrous base metals & scraps from
around the world, operating since 1990. No payment record could be developed.
There are no legal filings, liens, litigation or bankruptcy against the
Company.
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%)