MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MC STONES INC. |
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Registered Office : |
385 Conne
Crescent Unit #3, Concord, On, L4K 5R2 |
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Country : |
Canada |
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Date of Incorporation : |
2003 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Engaged as a importer and distributor of marble and granite slabs. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company
Name: MC STONES INC.
Trade
Name:
Address: 385
CONNE CRESCENT UNIT #3
City: CONCORD
State/Province: ON
Zip
Code: L4K
5R2
Country: CANADA
Telephone: 905
761-6767
Facsimile: 905
761-1587
URL www.mcstonesinc.com
Founded (D/M/Y): 2003
Sales / Revenue: 600,000
Net Income: -
Total Equity: -
Number of
Employees: 5
Legal
Form: Provincially
Chartered Corporation - Private
Shareholder:
Business
Activity: The
Subject is engaged as a importer and distributor of marble and granite slabs.
NOTE TO CLIENT
PERSON CONTACTED:
Mr. Marcio Blanc, General Manager
The name provided is
incorrect, the legal name of the Subject is MC STONES INC. for which a report
follows.
Mr. Blanc provided
all the information in this report.
LEGAL
Legal Form: Provincially
Chartered Corporation - Private
Incorporation
State CANADA
Status: ACTIVE
Since (D/M/Y): 09/02/2004
The company is NOT
required to publish an annual financial report.
The Subject is a provincially charted corporation in Ontario:
Legal Name MC STONES INC.
File Number 001606627
Date of Incorporation 02/09/04
Status ACTIVE
MANAGERS / KEY PERSONNEL
Mr. Daniel
Oliveria President
Mr. Silvio Hott Vice President
Mr. Marcio Blanc General Manager
AFFILIATED COMPANIES
There are no
affiliates or subsidiaries.
BANKS
HSBC BANK
Address: Edmonton
State/Province: AB
Country: CANADA
Telephone: 780 423-3563
The above bank's policy
prohibits credit inquiries.
PAYMENT HISTORY
No payment record could be obtained. The Subject is not a seeker of local trade credit, therefore no supplier references could be obtained.
FINANCIAL INFORMATION
Fiscal Year End :
Year-End (D/M/Y) 31/12/2006
Income Statement Consolidated
Global Net Sales 600,000
FINANCIAL INDICATORS
Management
declined to provide financial statements however they did indicate an annual
net sales figure for 2006 of CAD600,000. Mr. Blanc also provided the Subject's three year annual sales forecast, which
is listed below.
PROJECTED ANNUAL
SALES FIGURES
2007 CAD1.2
million
2008 CAD2.0
million
2009 CAD3.0
million
CURRENT OPERATIONS
SIC Code:
NAICS Code: 421
Wholesale Trade,
Durable Goods
Number of Employees: 5
Business Activity:
The Subject is
engaged as a importer and distributor of marble and granite slabs.
The Subject also
offers sinks.
The above address
is the sole location for the Subject.
PUBLIC RECORD
A Nationwide of search of public revealed no, tax liens or legal actions filed against the Firm. A search of
the 9 jurisdictional bankruptcy courts of Canada report no bankruptcy filings by the Subject.
COMMENTS
MC Stones Inc. is a new company founded in 2003. The Subject is engaged as an importer and distributor of granite and marble slabs. No payment record could be obtained. No derogatory information has been reported or
noted. A search of the 9 jurisdictional bankruptcy courts of Canada report no bankruptcy filings by the
Subject.
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. |
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%)