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MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROMET (INTERNATIONAL) LIMITED |
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Registered Office : |
1080 Matheson Blvd E Mississauga, ON
L4W 2V2 |
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Country : |
Canada |
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Date of Incorporation : |
28.09. 1979 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Industrial and Commercial Rotary Gas Meters |
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 : |
USD 190,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
190,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
100 USD = 98.27CAD Satisfying |
IDENTIFICATION
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Company Name: |
Romet
(International) Limited |
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Address: |
1080 Matheson Blvd E Mississauga, ON L4W 2V2 Canada |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (905) 624-1591 + 1 (905) 624-5668 ON-000425933 Ontario John Grzeslo, President |
Date founded: |
Sept 28, 1979
Corporation for Profit N.A. 80 employees |
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Legal form: |
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Value: |
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Staff: |
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Business: |
Manufactures industrial and commercial rotary gas meters |
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BANKS
HSBC
BUSINESS
Operations & Business:
When ROMET was first established, the goal was to build a better rotary gas
meter for Canada. Today, ROMET serves markets in North America, South America,
Europe, Africa, Asia and Oceania with a product line that includes over 600
configurations of ROMET products that were developed throughout the years.
Some of the milestones in ROMET's history include the introduction of
the all cast aluminum body rotary gas meter design. Their patented mechanical
temperature compensated (TC) module was develop in the mid 1970's to correct
gas volumes when gas temperatures vary from standard base conditions.
In 1983, they introduced the patented electronic volume corrector (EVC),
and in 1985, their engineers integrated it with a rotary meter to create the
electronically corrected meter (ECM).
The most recent innovation, patented by ROMET, is the internal
mechanical back-up index which ensures gas registration in the event of primary
counter/module/corrector failer.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
directors of the company are:
- John Grzeslo, President,
-Irene
Grzeslo, Vice president,
-John Michalak, Manager.
They
are also the main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Tolko Marketing & Sales Ltd does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
9,700,000 |
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a medium company working in the worldwide.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
190,000 USD
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%)