MIRA
INFORM REPORT
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Report Date : |
12.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL INDUSTRIAL SOLUTIONS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01/02/2006 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Wholesale distributor of CNG and OEM machinery and equipment. |
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: GLOBAL
INDUSTRIAL SOLUTIONS INC.
Address:
City:
State/Province:
Zip Code: L6Z
4S9
Country:
Telephone: 905-346-3000
Facsimile: 905-248-3555
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Provincially
Chartered Corporation - Private
Website: www.giscorp.ca
Business Activity: Wholesale distributor of CNG and OEM
machinery and equipment. Distribution covers
the following regions: North and
South America, Europe, the Middle East,
NOTE TO CLIENT
NOTE: We reached the
Company at the provided address. A gentleman (name not given) declined to
provide information. As such, general information contained in this report
cannot be substantiated.
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): 01/02/2006
State/Province of
Incorporation: ON
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
GLOBAL INDUSTRIAL
SOLUTIONS INC.
FILE NUMBER: 001732714
FILED: 2/1/2006
STATUS: ACTIVE
Managers/Key
Personnel
Mr. Salman Nasim President
AFFILIATED ENTITIES
The Company's website
reports no affiliates or subsidiaries.
BANKS
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to
provide any bank information.
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
Management declined to
provide any financial information and outside
sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 42183
Industrial Machinery and Equipment Wholesalers
SIC Code: 5084
Business Activity:
Wholesale distributor of
CNG and OEM machinery and equipment.
Distribution covers the
following regions: North and South America, Europe, the Middle East, Far East
and
The headquarters are at
the above-noted address. The Company has an additional location in
TRADE REFERENCES
Management declined to
provide supplier references.
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 is engaged as a wholesale distributor of CNG and OEM machinery and
equipment. 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%)