MIRA
INFORM REPORT
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Report Date : |
01.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMIRA ENTERPRISES INC. |
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Registered Office : |
5375 Henri Bourassa Ouest PQ H4r 1c1 Montreal |
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Country : |
Canada |
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Date of Incorporation : |
1978 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
Importer, Retailer, Wholesaler of Dried Fruit and Nuts |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: AMIRA
ENTERPRISES INC.
Trade Name:
Address: 5375
HENRI BOURASSA OUEST
City: MONTREAL
Founded (D/M/Y): 1978
State/Province: PQ
Zip Code: H4R
1C1
Sales / Revenue: -
Country: CANADA
Net Income:
Telephone: (514)
382-9823
Total Equity:
Facsimile: (514)
382-6091
Number of Employees: 60
URL www.amira.ca
Legal Form: Federally
Chartered Corp. - Private
Shareholder: Mr.
Sabry Boulos
Business Activity: The
Company is an importer, retailer, wholesaler of dried fruit and nuts.
NOTE TO CLIENT
LEGAL NAME: AMIRA
ENTERPRISES INC.
ORDERED NAME:
AMIRA INTERPRISES INC.
PLEASE NOTE THAT
THE ORDERED NAME WAS MISSPELLED
Person Contacted:
Ms. Maria Guarascio, Accounts Receivable Officer.
She verified and
updated the information presented to him.
LEGAL
Legal Form: Federally
Chartered Corp. - Private
Incorporation
State Canada
Status: ACTIVE
Since (D/M/Y): 11/12/1978
The company is NOT
required to publish an annual financial report.
The Company federally chartered in Canada under the following
registration:
Corporation #787272
BN #100191832RC0001
Corporation Name(s): AMIRA ENTERPRISES INC.
LES ENTREPRISES AMIRA INC.
Mailing Address: [Latest address on file]
Care of:
Street: 9455 CHARLES DE LA TOUR
Location: MONTRÉAL
Province: Quebec
Postal Code: H4N1M5
Country: Canada
Registered Office Address: [Latest address on file]
Care of:
Street: 1445 MAZURETTE STREET
Location: SAINT-LAURENT
Province: Quebec
Postal Code: H4N1G8
Country: Canada
Reg. Off. Eff: 2001/01/09
Status Active
Date: 1987/06/04
Dissolution in Progress 1987/04/04
Active: 1986/04/05
Incorporation Date: 1978/12/11
The Company provincially qualified in Quebec under the following
registration:
File Number: 1144132033
Legal Name: LES ENTREPRISES AMIRA INC.
Incorporation Date: 12/11/1978
Last Annual Report: 11/17/2005
Location: Canada
Address:5375, HENRI BOURASSA OUEST
SAINT-LAURENT (QUÉBEC) H4R 1C1
MANAGERS
/ KEY PERSONNEL
Mr. Sabry Boulos President
Mrs. Ragaa Boulos Vice President
Mr. Adel Boulos Secretary
Owners
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Mr. Sabry Boulos |
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Majority |
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Mrs. Ragaa Boulos |
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Minority |
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SUBSIDIARIES
The Company has no subsidiaries or affiliates.
BANKS
ROYAL BANK OF
CANADA
Address: 3900 COTE
VERTU-STE 101
City: SAINT-LAURENT
State/Province: PQ
Zip Code: H4R1V
Country: CANADA
Telephone: (514)
856-8620
Facsimile: (514)
874-8740
This bank only
provides credit information to other banks.
PAYMENT
HISTORY
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------------------------------------------------------------------------------ |
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Supplier's Name/Industry Terms Amount/Pay Habits/Comments |
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Rptd Open Credit Credit High Total Current Past Due/Pay Period |
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Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd |
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------------------------------------------------------------------------------ |
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Transportation Serv: |
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*Mar 0 7,274 7,274 2,566 1,329 1,564 1,815 |
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GENERAL MOTORS CORP: DLA-2008/02/13 1,288, Net 30 Days # |
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*Mar Jun/2005 0 61,834 20,611 20,611 0 0 0 |
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DE LAGE LANDEN FIN: 905-465-3160 |
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*Mar 0 4,107 127 127 0 0 0 |
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Trucking: |
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*Feb 0 17,281 17,281 8,726 6,356 2,199 0 |
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Whlsl-Durable Goods: |
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*Feb 0 547 547 519 28 0 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 27 90 Days 91,043 45,840 32,549 7,713 3,763 1,815 |
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Reported ------- ------- ------- ------- ------- ------- |
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Transportation Serv: Merged accts |
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*Dec 0 375 375 137 220 0 18 |
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CITI CARDS CANADA: 800-233-8619 DLA-2007/08/03 592 # |
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*Sep Oct/2001 2,000 1,005 592 592 0 0 0 |
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Mfr-Food Prep and Ki: |
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*Jul 0 2,398 2,398 0 2,398 0 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 28 Total 94,821 49,205 33,278 10,331 3,763 1,833 |
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Reported ------- ------- ------- ------- ------- ------- |
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PAYMENT TRENDS |
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Payment C.I. Number of Total Current Overdue |
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Quarters Index Score Suppliers Owing $ 1st 2nd 3rd |
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4 Qtr/2007 20 9 4 25,497 13,690 8,952 1,892 963 |
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3 Qtr/2007 35 10 8 56,815 38,411 11,061 4,126 3,217 |
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2 Qtr/2007 25 12 5 47,635 39,004 6,775 889 967 |
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1 Qtr/2007 28 9 6 58,728 47,456 5,229 4,658 1,385 |
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4 Qtr/2006 28 9 7 58,202 48,150 6,360 2,619 1,073 |
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3 Qtr/2006 28 13 6 61,515 51,494 6,794 1,703 1,524 |
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2 Qtr/2006 34 8 10 76,032 56,259 14,443 2,192 3,138 |
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1 Qtr/2006 25 9 9 102,476 78,847 16,507 7,122 0 |
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4 Qtr/2005 28 9 9 42,535 22,253 11,713 7,307 1,262 |
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FINANCIAL INFORMATION
Ms. Guarascio
deferred all financial statement information to a fax request for Mr. Adel
Boulos, Secretary, who was not available at the time of this report. If we
receive a response to our fax, we will amend the report accordingly. Outside
sources report net sales of CAD12 Million, however, this could not be confirmed
by management.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 422
Wholesale Trade,
Nondurable Goods
Number of Employees: 60
Business Activity:
The Company is an
importer, retailer, wholesaler of dried fruit and nuts.
The Company
imports a variety of dried fruits and nuts from all over the world.
The Company distributes
its products domestically within Canada and exports to the United States.
In addition to
dried fruits and vegetables, the Subject also imports over 1500 other products from the Middle East.
The heading address is the headquarters for the Company. The facility
consists of 100,000 square feet of
owned office and warehouse space.
The Company has a cash and carry store located in Montreal.
PUBLIC
RECORD
A search of public revealed no derogatory information, Uniform Commercial Codes, or bankruptcy petitions.
COMMENTS
Amira Enterprises Inc., founded in Canada in 1978, is engaged as an importer
and wholesaler of fruits and nuts and other Middle Eastern products. The
payment record is generally satisfactory and, 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. |
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%)