MIRA
INFORM REPORT
|
Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROGITEX INC. |
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Registered Office : |
3767 Bld Thiemens, St-Laurent, Quebec H4R 1W4 |
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Country : |
Canada |
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Date of Incorporation : |
15.01.1979 |
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Com. Reg. No.: |
Federal ID# 802433 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer and Wholesaler of Tires, Automotive Spares Parts and
Accessories, and related products |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CAD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
ROGITEX INC.
Company acronym:
--
Contact Information
|
Address |
3767 Bld Thiemens St-Laurent, Quebec H4R 1W4 Canada |
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Telephone |
514-332-1140 |
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Fax |
514-332-9556 |
Registration Data
|
Date of Registration |
01-15-1979 |
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Registration number |
Federal ID# 802433 |
|
Legal address |
3767 Bld Thiemens, Bureau 227 St-Laurent, Quebec H4R 1W4 Canada |
|
Legal Form |
Federal Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
298861 CANADA INC. 3767 Bld Thiemens, St-Laurent, Quebec |
50+ |
|
2970-7890 QUEBEC INC. 345 Rue Vivian, Mont-Royal, Quebec |
n/a |
Board/Executive
|
Name |
Rawi KAYAL |
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Position within the company |
President & CEO |
|
Name |
Roger KAYAL |
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Position within the company |
Director &
Secretary |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
The Company is importer and wholesaler tires, automotive spares parts
and accessories, and related products.
Staff
|
Number of staff employed |
10 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
- |
Facilities
|
Rented |
Office |
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Premises Size |
1,500 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
2988861 CANADA INC. 2970-7890 QUEBEC INC. |
Bankers
|
Bank |
Banque de Montreal |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Estimate |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
15,000,000= |
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 Low 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 500,000 |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
CAD 500,000 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.52 |
|
UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
RATING
EXPLANATIONS
|
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%)