MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION DETAILS
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Correct Name : |
BRAMFOOD EXPORT LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.06.2001 |
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Com. Reg. No.: |
ON-0001482481 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
Exporter, Importer of Seafood Preparations, Sauces, Soups, Tomatoes, Arancini,
Olives, and Other Food Products. |
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 120,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
BRAMFOOD EXPORT LIMITED
Company acronym:
BRAMFOOD
DISTRIBUTORS
Contact Information
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Address |
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Telephone |
905-799-2099 |
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Fax |
905-799-9618 |
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Website |
www.anticaroma.ca |
Registration Data
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Date of Registration |
06-25-2001 |
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Registration number |
ON-0001482481 |
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Legal address |
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Legal Form |
Ontario Corporation – Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
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This is a privately held and managed company |
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Board/Executive
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Name |
Muru RAJAH |
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Position within the company |
President & CEO |
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Name |
Sandro SORDI |
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Position within the company |
CFO |
Changes in
Registration Data
Relocated at above
address on August 16, 2008.
Activities
(realistic and officials)
Exporter, importer of seafood preparations, sauces, soups, tomatoes,
arancini, olives, and other food products.
Staff
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Number of staff employed |
10 (+ part time) |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
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Exports To |
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Facilities
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Rented |
Warehouse and office |
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Premises Size |
2,000 sq. feet |
Bankers
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Bank |
Scotia Bank … |
Suppliers,
Partners
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Suppliers |
Vita Wines Valle del Grano … |
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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 |
31/12/2007 |
8,000,000= |
Reporter Comments
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Comments |
A Sales Manager
controlled the present report but deferred any financials. |
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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, 86% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to10 days beyond terms. |
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MAX CREDIT |
CAD 120,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
CAD 120,000= |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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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%)