MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
AGAVE NATURAL STONE
INC. |
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Registered Office : |
7855 Keele, Concord, Ontario L4K 1Y6 |
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Country : |
Canada |
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Date of Incorporation : |
05.03. 2007 |
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Com. Reg. No.: |
ON-0002129426 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
Importer and Wholesaler of Tiles made up of marble, limestone,
sandstone, slate, onyx, and granite. |
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
AGAVE NATURAL STONE INC.
Company acronym:
--
Contact Information
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Address |
7855 Keele |
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Telephone |
905-760-8352 |
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Fax |
905-760-1682 |
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Website |
www.agavestone.ca |
Registration Data
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Date of Registration |
March 5, 2007 |
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Registration number |
ON-0002129426 |
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Legal address |
7855 Keele |
|
Legal Form |
Ontario Corporation – Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Henri STAINOVITCH Michael VALENCIANO |
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Board/Executive
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Name |
Henri STAINOVITCH |
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Position within the company |
Director |
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Name |
Michael VALENCIANO |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and wholesaler of tiles made up of marble, limestone,
sandstone, slate, onyx, and granite.
Stock includes tens of thousands of square meters of readily available
high quality marble and granite.
Staff
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Number of staff employed |
6 |
Export/Import
(Countries,
goods and total values for the period)
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Imports From |
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Exports To |
- |
Facilities
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Rented |
Warehouse and office |
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Premises Size |
3,000 sq. feet |
Bankers
|
Bank |
Royal Bank |
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Address |
100-3300 Highway 7, |
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Telephone |
905-738-3200 |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Estimate |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
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12 |
03-31-2008 |
600,000= |
Reporter Comments
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Comments |
On a direct call, Michael VALENCIANO controlled
the present report. |
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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, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days
beyond terms. |
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MAX CREDIT |
CAD 15,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
CAD 15,000= |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.47.39 |
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|
1 |
Rs.70.65 |
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Euro |
1 |
Rs.66.33 |
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%)