MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
FRUIT EXPERTS, INC. |
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Registered Office : |
2571 Shaugnessy Street, Suite 214, Port Coquitlam, British Columbia
V3C 3G3 |
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Country : |
Canada |
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Date of Incorporation : |
20.02.2006 |
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Com. Reg. No.: |
6520511 (Federal ID) |
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Legal Form : |
Federal Corporation |
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Line of Business : |
Importer and Distributor of Fresh Fruits. |
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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Maximum Credit Limit : |
CAD 15,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
FRUIT EXPERTS, INC.
Company acronym:
--
Contact Information
|
Address |
2571 Shaugnessy Street, Suite 214 Port Coquitlam, British Columbia V3C 3G3 Canada |
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Telephone |
604-464-2100 |
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Fax |
604-464-2184 |
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Website |
www.fruitexpertsinc.com |
Registration Data
|
Date of Registration |
Feb-20-2006 |
|
Registration number |
6520511 (Federal ID) |
|
Legal address |
2571 Shaugnessy Street, Suite 214 Port Coquitlam, British Columbia V3C 3G3 Canada |
|
Legal Form |
Federal Corporation A Federal Corporation is allowed to do business in all Canada. |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Private |
100 |
Board/Executive
|
Name |
Tahir MANSOOR |
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Position within the company |
President & CEO |
|
Name |
Farid ALI |
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Position within the company |
Director |
|
Name |
Zulfiquar ANEES |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and distributor of fresh fruits.
Staff
|
Number of staff employed |
6 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
US |
Facilities
|
Rented |
Warehouse and office |
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Premises Size |
2,000 sq. feet |
Bankers
|
Bank |
HSBC Bank |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Estimate |
|
Currency |
CAD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
500,000= |
Reporter Comments
|
Comments |
No information could be obtained from the Company. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. 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 days
beyond terms. |
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MAX CREDIT |
CAD 15,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
CAD 15,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
UK Pound |
1 |
Rs.73.03 |
|
Euro |
1 |
Rs.63.14 |
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%)