MIRA
INFORM REPORT
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Report Date : |
01.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MANAS METALS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04/07/2007 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Engaged as metal
and steel trading. |
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: MANAS
METALS INC.
Address:
UNIT 1319
City:
State/Province:
Zip Code: LSA
352
Country:
Telephone: 647
205-9170
Facsimile: 905
290-6865
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
2
Legal Form: Provincially
Chartered Corporation - Private
Website: N/A
Business Activity: The Company is engaged as metal and
steel trading.
NOTE TO CLIENT
Person Contacted:
Mr. Dave Panka, President
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 04/07/2007
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
provincially chartered in
Legal Name: Manas Metals Inc.
Registration Number:
002141401
Date of Incorporation:
July 4, 2007
Status: Active
Jurisdiction:
Managers/Key
Personnel
Mr. Dave Panka President
AFFILIATED ENTITIES
Management reports
no affiliates or subsidiaries.
BANKS
Habib Canandian Bank
Telephone: 905
276-5300
Facsimile: 416
754-9958
Account Number:
Account Manager:
The Bank requires an
account number and a signed authorization which could not be obtained from
management.
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
Mr. Panka stated
that projected sales for 2007 to be around $12 to $40 million range. Due to the
company's newness, no financial statements are available.
HISTORY
Although Mr. Panka
just started Manas Metals Inc., he has 18 years of experience in the metals
industry.
CURRENT OPERATIONS
NAICS Code: 4215
Metal and Mineral (except Petroleum) Wholesalers
Number of Employees:
2
Business Activity:
The Company is
engaged as metal and steel trading.
The Company buys
metal, steel, stainless steel, and cooper from the U.S and
The Company's main
exports includes
The heading address
is the Company's headquarters and sole location. It consists of 3,000 square
feet of owned space.
TRADE REFERENCES
The Company provided
the following supplier references which have been contacted via fax. If a response
is received the report will be amended immediately. It is our experience that
these requests could take several days before a response is received.
Premier Steel, LLC
Tel: 313-567-4070
Fax: 313-567-4069
--
Tel: 503-240-5240
Fax: 503-240-5271
Contact: Mr. Randy
Boyle
--
Earth Metal Scrap
Inc.
Cell: 732-266-0679
Fax: 732-566-3663
PUBLIC RECORD
A search of public
shows no suits, judgments or liens filed against the subject. We also conducted
a nationwide search with bankruptcy courts, which have revealed no record of a
firm by this name filing for bankruptcy.
GENERAL COMMENTS
Manas Metals Inc. incorporated
in 2007. The Subject is a metal trading Company. No payment records were found
and a search of public records and bankruptcy courts revealed no derogatory
information.
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%)