MIRA
INFORM REPORT
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Report Date : |
9th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL TILES |
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Registered Office : |
650 Jean Destrees Suite 1610, Montreal, Quebec, H3C 0G3, Canada. |
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Country : |
Canada |
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Date of Incorporation : |
2006 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Wholesaler of Ceramic Tiles. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : GLOBAL TILES
Address : 650 JEAN DESTREES SUITE 1610
City : MONTREAL
State/Province : QUEBEC
Zip Code : H3C 0G3
Country : CANADA
Telephone : 514 581-5532
Facsimile : 514-995-5532
Legal Form : Sole Proprietorship
Website : www.globaltilesinc.com
@rating Opinion : NR Not Rated
Business Activity : The Company is an importer and wholesaler of ceramic tiles.
Founded (D/M/Y) : / /2006
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 1
NOTE TO CLIENT
Person Contacted: Ms. Rania Abdannadher, Co-Owner. Ms. Abdannadher verified and updated the information presented to her. She also stated that the Company began operations in November, 2006.
Amount Requested : 50,000
The amounts requested and advised are expressed in : EUR
LEGAL
Legal Form : Sole Proprietorship
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company registered as a sole proprietorship under the following registration:
Name : GLOBAL TILES
Registration Number : 2264045867
Managers/Key Personnel
Mr. Soufiane Belghith Owner
Ms. Rania Abdannadher Owner
The Company has no subsidiaries or affiliates.
BANKS
Royal Bank of Canada
Montreal PQ
Telephone: 780 448-6980
Facsimile:
Account Number:
Account Manager:
This bank only reports credit information to other banks.
PAYMENT HISTORY
No local trade credit payment were found for the Subject at this time.
FINANCIAL INFORMATION
Ms. Abdannadher stated that due to the newness of the Company, no financial statement information is available at this time.
CURRENT OPERATIONS
NAICS Code: 421 Wholesale Trade, Durable Goods
Number of Employees: 1
Business Activity
The Company is an importer and wholesaler of ceramic tiles.
The Subject imports from Italy and Tunisia.
The Company primarily imports from SOMOCER in Tunisia, the Company owned by Ms. Abdannadher's parents.
The heading address is the sole location for the Subject. The facility consists of owned office space.
The Company utilizes public warehousing for storage purposes.
TRADE REFERENCES
Ms. Amdannadher provided the following trade references, however, do to Company policy we cannot contact companies located outside the US, Canada, or the Caribbean.
SOMOCER
Tunisia
Tél : 71 712 000
Fax : 71 708 008
LAFAENZA
Italy
PUBLIC RECORD
A search of public records revealed no derogatory information, Uniform Commercial Codes, or bankruptcy petitions.
GENERAL COMMENTS
The Subject, founded in Quebec in 2006, is engaged as a wholesaler of ceramic tiles. No payment record was found for the Subject, however, 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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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%)