MIRA INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONICKEL INC. |
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Registered Office : |
2 Carlton Street, Suite 603, Toronto, Ontario M5B
1J3 |
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Country : |
Canada |
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Date of Incorporation : |
06.10.1995 |
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Legal Form : |
Federal
Corporation |
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Line of Business : |
Wholesaler of Precious Sheet Wire Tubing. |
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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Maximum Credit Limit : |
CAD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
CONICKEL INC.
Address
2 Carlton Street, Suite 603, Toronto, Ontario M5B 1J3
- Canada
Telephone : 416-586-0471
Fax : 416-586-0457
Website : ---
Summary
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Corporate ID# : State : Judicial form : Date founded : Stock : Value: Name
of manager: |
3190277 Federal Federal
Corporation October
6, 1995 - - Guido
GUERRERO |
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ACTIVITIES & OPERATIONS
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Business Staff: |
The Company is wholesaler of precious sheet wire tubing. Imports mainly from Europe and Asia and sells in all Canada. 4 |
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Operations
& branches
At above address, we find
an office, on lease.
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SHAREHOLDERS & MANAGERS
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Shareholders : |
- Guido GUERRERO - Daniel SOLOMON |
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Management : |
Guido GUERRERO is the
CEO. As far as we know, he is
not involved in other local business. |
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Subsidiaries & Partnership : |
None |
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FINANCIALS
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In Canada, privately held
corporations are not required to publish any financials. On a direct call, nobody
accepted to answer our questions, as Guido GUERRERO is actually on vacation. However, sales estimate
for year 2007 is in the range of CAD 3,000,000= The business is
profitable. |
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Banks
Royal Bank of Canada
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LEGAL FILINGS
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Legal filings & complaints : |
As of today date, there
is no legal filings pending with the Courts. |
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Secured debts summary : |
None |
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COMPANY CREDIT HISTORY
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According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to 10
beyond terms. The bank and financial
institutions confirmed a regular account. The risk is low. Our opinion: A business connection may
be conducted. |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
OUR CREDIT RATE |
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Maximum |
CAD 100,000= |
Correct |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)