MIRA
INFORM REPORT
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Report Date : |
28.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
3385175 CANADA INC |
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Registered Office : |
4058 Jean Talon
West Suite 100,
Montreal,
Pq, H4P 1V5 |
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Country : |
Canada |
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Date of Incorporation : |
19/06/1997 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
The Company is a
diamond jewelry manufacturer and wholesaler. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: 3385175 CANADA INC.
Trade Name: First Canadian Diamond Cutting Works
Address: 4058 JEAN TALON
WEST SUITE 100
City: MONTREAL State/Province: PQ
Zip Code: H4P 1V5
Telephone: 514-875-4800
Facsimile: 514-393-1295
Number of
Employees: 50
URL N/A
Legal Form: Federally
Chartered Corp. - Private
Shareholder: Mr. Mayer Gniwisch Business Activity: The Company is a diamond jewelry manufacturer and
wholesaler.
Founded (D/M/Y): 1997
In K CAD as of : 31/01/2007
Sales / Revenue: 27,000
Country: CANADA
Net Income: -
Total Equity: -
NOTE TO CLIENT
NOTE::LEGAL NAME:
3385175 CANADA INC.
ORDERED NAME:
FIRST CANADIAN DIAMOND CUTTING WORKS INC.
PLEASE NOTE THAT
THE ORDERED NAME IS NOT A LEGAL ENTITY. IT IS A PART OF THE TRADE NAME,
FIRST CANADIAN DIAMOND CUTTING WORKS
Person Contacted:
Mr. Yehuda Gniwisch, Director. He verified and updated the
information presented to him.
LEGAL
Legal Form: Federally Chartered Corp. - Private
Incorporation
State Canada
Status: ACTIVE
Since (D/M/Y): 19/06/1997
The company is NOT
required to publish an annual financial report.
The Company federally Chartered in Canada under the following registration:
Corporation #3385175
BN #883554891RC0001
Corporation Name(s): 3385175 CANADA INC.
Mailing Address: [Latest address on file]
Care of:
Street: 4058, RUE JEAN-TALON OUEST, BUREAU 100
MONTRÉAL (QUÉBEC) H4P 1V5
Province: Quebec
Postal Code: H2Z1P4
Country: Canada
Registered Office Address: [Latest address on file]
Care of:
Street: 1085 ST-ALEXANDER ST. 500
City: MONTREAL
Province: Quebec
Postal Code: H2Z1P4
Country: Canada
Reg. Off. Eff: 1997/06/19
Status: Active
Incorporation Date: 1997/06/19
The Company provincially qualified in Quebec under the following
registration:
File Number: 1147690151
Legal Name: 3385175 CANADA INC.
Incorporation Date: 6/19/1997
Last Annual Report: 11/22/2006
Location: Canada
Address: 4058, RUE JEAN-TALON OUEST, BUREAU 100
MONTRÉAL (QUÉBEC) H4P 1V5
MANAGERS / KEY PERSONNEL
Mr. Mayer Gniwisch President
Ms. Brenda
Gniwisch Secretary &
Treasurer
Mr. Gavriel Cohen Controller
Mr. Yehuda
Gniwisch Director
Owners
Mr. Mayer Gniwisch Majority
Ms. Brenda
Gniwisch Shareholder
Ms. Dina Gniwisch Shareholder
Mr. Yehuda
Gniwisch Shareholder
AFFILIATED COMPANIES
The Company is
affiliated with the following companies through common ownership:
DELMAR
MANUFACTURING
ICE.COM, INC.
-DIAMOND.COM, LLC
-3733599 CANADA
INC.
SUBSIDIARIES
The Company has no
subsidiaries.
BANKS
CIBC
Address: 600 Rue Cathcart
City: Montreal
State/Province: PQ
Zip Code: H3B1K8
Country: CANADA
Telephone: (514) 867-2962
Facsimile: (514) 876-8649
This bank only
reports credit information to other banks.
PAYMENT HISTORY
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Supplier's Name/Industry Terms Amount/Pay Habits/Comments
Rptd Open Credit Credit High Total Current Past Due/Pay Period
Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd
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Whlsl-Ind Mach Sppls:
*Feb 0 113 113 113 0 0 0
Transportation Serv:
*Dec 0 117K 117K 101K 14,915 0 1,134
------- ------- ------- ------- ------- -------
P.I. = 5 90 Days 117K 117K 101K 14,915 0 1,134
Reported ------- ------- ------- ------- ------- -------
------- ------- ------- ------- ------- -------
P.I. = 5 Total 117K 117K 101K 14,915 0 1,134
Reported ------- ------- ------- ------- ------- -------
PAYMENT TRENDS
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Payment C.I. Number of Total Current Overdue
Quarters Index Score Suppliers Owing $ 1st 2nd 3rd
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4 Qtr/2007 5 8 2 118,115 101,857 15,124 0 1,134
3 Qtr/2007 3 8 2 134,846 124,924 8,418 52 1,452
2 Qtr/2007 3 12 2 118,471 112,425 2,919 0 3,127
1 Qtr/2007 0 14 1 36 36 0 0 0
4 Qtr/2006 3 12 2 118,144 112,331 2,686 0 3,127
3 Qtr/2006 15 18 2 56,880 48,391 0 0 8,489
2 Qtr/2006 15 12 2 111,448 81,281 18,635 3,385 8,147
1 Qtr/2006 0 20 1 20 20 0 0 0
4 Qtr/2005 12 16 2 116,089 77,788 36,623 0 1,678
FINANCIAL
INFORMATION
Fiscal Year End : In KCAD
Year-End (D/M/Y) 31/01/2007 31/01/2006
Income Statement Consolidated Consolidated
Global Net Sales 27,000 2,700
FINANCIAL INDICATORS
Mr. Gniwisch
stated net sales for Fiscal Year End January 31, 2007 and 2006 were
approximately CAD 27 Million. He declined to provide current financial
statement information, per company policy.
HISTORY
The Company moved
from 1085 RUE ST. ALEXANDRE SUITE 500, MONTREAL, QC to the heading address in
the summer of 2006.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 339913
Jewelers' Material and Lapidary Work
Manufacturing
Number of Employees: 50
Business Activity:
The Company is a
diamond jewelry manufacturer and wholesaler.
The Subject
imports from Israel and India and exports to the United States.
The heading
address is the headquarters for the Subject. The facility consists of office
and warehouse space.
The Company has an
additional office in Champlain, New York.
TRADE REFERENCES
FREMADA GOLD
Address: New York, NY Amount
Outstanding: -
Telephone: 212-921-8829 Amount Past Due: -
Facsimile: 212-764-4101 High Credit
Utilized: -
Contact: Terms:
Credit Limit: - Days to Pay:
A fax was sent to
this company for credit information.
BYO LLC
Address: New York, NY Amount
Outstanding: -
Telephone: 212-398-9292 Amount Past Due: -
Facsimile: 212-398-6161 High Credit
Utilized: -
Contact: Terms:
Credit Limit: - Days to Pay:
A fax was sent to
this company for credit information.
COTEL
Address: New York, NY Amount
Outstanding: -
Telephone: 212-245-6200 Amount Past Due: -
Facsimile: 212-245-5266 High Credit
Utilized: -
Contact: Terms:
Credit Limit: - Days to Pay:
A fax was sent to
this company for credit information.
PUBLIC RECORD
A search of public revealed no derogatory information, Uniform Commercial Codes, or bankruptcy petition
COMMENTS
The Subject, founded in 1997, is engaged as a diamond jewelry wholesaler and manufacturer. The payment record is very limited, however, generally satisfactory and the operating history is clear. No derogatory information or bankruptcy petitions were reported or noted. The Company is responsible for normal business transactions.
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%)