MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
METRATRADE LIMITED |
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Registered Office : |
2 Lansing Square, Suite 402, North York, Ontario M2J 4P8, Canada |
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Country : |
Canada |
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Date of Incorporation : |
01.03.1979 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
Wholesales a variety of non-precious metals. |
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 : METRATRADE LIMITED
Address : 2 Lansing Square, Suite 402
City : NORTH YORK
State/Province : ONTARIO
Zip Code : M2J 4P8
Country : CANADA
Telephone : 416 498-4288
Facsimile : 416 498-4290
Legal Form : Provincially Chartered Corporation - Private
Website : www.metratrade.net
@rating Opinion :
Business Activity : The Company wholesales a variety of non-precious metals.
Founded (D/M/Y) : / /1979
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 10
NOTE TO CLIENT
Contact person: Ms. Gita Shankaran, Accountant.
Ms. Shankaran provided the information for this report.
LEGAL
Legal Form : Provincially Chartered Corporation – Private
Since (D/M/Y) :01/03/1979
State/Province of Incorporation : Ontario
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Subject is a provincially chartered in Ontario.
Metratrade Limited
Corporation Number: 000409575
Date of filing: 03/01/1979
Status: Active
Managers/Key Personnel
Mr. Pancha Sankaran Chairman Of The Board Of Directors
Mr. Shireesh Chiplunkar President
Mr. Ranjan Mohaptra Vice President
AFFILIATED ENTITIES
The Company has no affiliated companies or subsidiaries.
Parent Companies
Parent Company: Intermin
SWITZERLAND
BANKS
STATE BANK OF INDIA
ROYAL BANK PLAZA NORTH TOWER, SUITE
Toronto ON
Telephone : 416 865-0414
Facsimile : 416 865-0324
Account Number :
Account Manager : Ms. Leena Ancheril
We have sent a fax to the bank. The report will be updated when we receive a response.
PAYMENT HISTORY
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
------------------------------------------------------------------------------
CITI CARDS CANADA: 800-233-8619 DLA-2007/02/08 229 #
*Mar Feb/1994 1,000
505 312 312
0 0 0
Mfr-Machine Tool:
*Feb 0
3,039 3,039 0
0 3,039 0
Transportation Serv:
*Jan 0
117 117 0
57 0 60
Mfr - Fabricated Met:
*Jan 0
53,491 53,491 0
50,862 2,629 0
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------- ------- ------- ------- -------
P.I. =
37 90 Days 57,152
56,959 312 50,919
5,668 60
Reported -------
------- ------- ------- ------- -------
Transportation Serv:
*Dec 0
251 251 251
0 0 0
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------- ------- ------- ------- -------
P.I. = 36 Total 57,403
57,210 563 50,919
5,668 60
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
44 12 5 66,652 3,018
39,440 24,194 0
3 Qtr/2006
0 10 2 401 401 0 0 0
2 Qtr/2006
39 13 3
57,512 655 51,800
495 4,562
1 Qtr/2006
3 8 4
6,498 6,258
55 130 55
4 Qtr/2005
3 25 4 678 627 51 0 0
3 Qtr/2005
92 38 3
3,315 394 20 0 2,901
2 Qtr/2005
64 28 3
3,191 290 0 2,901 0
1 Qtr/2005
0 20 2 657 657 0 0 0
4 Qtr/2004
0 29 1 170 170 0 0 0
FINANCIAL INFORMATION
Ms. Shankaran declined to provide the Company's financials, however, did state that the Company's net sales for fiscal year end 2006 was in the CAD 34 Million range.
HISTORY
Mr. Pancha Sankaran, Chairman, founded the Company in 1979. Mr. Sankaran had previous experience prior to founding the Company.
CURRENT OPERATIONS
NAICS Code : 42151 Metal Service Centers and Offices
SIC Code : 5051
Number of Employees: 10
Business Activity
The Company wholesales a variety of non-precious metals.
Products include steel and iron, chemicals, and plastics used in the chemical, plastics, pharmaceuticals, and metal processing machinery industries.
Distribution is to the Caribbean; North, Central, and South America; Africa; and
India.
The heading address is the sole location for the Company. The facility is leased and is approximately 5,000 square feet.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Company wholesales non-precious metals and raw materials. Payment history is generally satisfactory. There were no legal filings found against the Company, nor did we find any bankruptcy filings by the Company. The Subject is considered to be 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%)