MIRA INFORM REPORT

 

 

 

Report Date :

05.08.2008

 

IDENTIFICATION DETAILS

 

Name :

WEX-TEX (2002) INC.

 

 

Registered Office :

9015 Avenue Avon, Suite 2086, Montreal, QC  H4X 2G8

 

 

Country :

Canada

 

 

Date of Incorporation :

18.11. 2002

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Importer, Holding Company.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

GEOPOLITICS

 

 

POLITICAL DATA

 

 

ECONOMIC DATA

FORM OF GOVERNMENT

 

ECONOMIC RISK

Federal

 


None

 

CURRENCY

 

BRANCH SITUATION

 

100 USD = 103 CAD

 

Satisfying

 

 

IDENTIFICATION

 

Company Name:

 

 

 

Wex-Tex (2002) Inc.

 

Address:

 

9015 Avenue Avon, Suite 2086,

Montreal, QC  H4X 2G8,

Canada

 

 

Phone:

 

Facsimile:

 

ID:

 

State:

 

 

Managers:

 

+ 1 (514) 736-7000

 

NA

 

1161167672

 

Quebec

 

 

Steven Wexelman, President

 

Date founded:

 

 

Nov 18, 2002


 

Corporation for Profit

 

N.A.

 

 

 

 

2 employees

 

Legal form:

 

Stock:

 

 

 

 

Staff:

Business: 

Importer, holding company.

 

 

BANKS

 

NA

 

 

BUSINESS

 

Business:

 

Wex-Tex (2002) Inc. is a private company located in Quebec, Canada.  The company is an importer and a holding company.

 

We tried to call the company to gather more information about the activity. The person interviewed refuses to release any information.

 

The company nevertheless exists and is registered in the state of Quebec.

 

 

SHAREHOLDERS – SUBSIDIARIES – MANAGERS

 

The director of the company is:

 

Steven Wexelman, President.

 

He is also one of the main shareholders.

 

 

FINANCIALS – COMMERCIAL TRENDS AND FORECAST

 

Subject is a privately-held Corporation and as such is not required to disclose financial information.

 

 

LEGALS

 

0 Suits

 

0 Judgements

 

0 Liens

 

0 Collection Claims Reported

 

0 NSF Cheques Reported

 

0 PPSA Filings

 

 

RATING

 

Our final opinion:

 

This is a small company working in Canada.

 

Taking into account the relative youth of the company and the impossibility to gather a lot of information about the requested, we suggest caution.

 

Any credit line should require guarantees.

 

 

SUMMARY

 

--

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.00

UK Pound

1

Rs.82.14

Euro

1

Rs.65.09

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions