MIRA
INFORM REPORT
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Report Date : |
18.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRADELAND CORPORATION |
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Registered Office : |
197 Wilkinson Road, Unit 8 Brampton |
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Country : |
Canada |
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Date of Incorporation : |
2006 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
Exporter of Scrap Metal to India and Pakistan. They also Export other
Materials such as Lumber, Pulp and Paper |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name: TRADELAND
CORPORATION
Trade
Name:
Address: 197
WILKINSON ROAD, UNIT 8
City: BRAMPTON
Founded (D/M/Y): 2006
State/Province: ON
Zip
Code: L6T
5E3
Sales / Revenue: -
Country: CANADA
Net Income:
Telephone: 905-459-3636
Total Equity:
Facsimile: 732-692-8302
Number of Employees: 6
URL www.tradeland.ca
Legal
Form: Provincially
Chartered Corporation - Private
Shareholder: Mr. Jagpal Singh
Business
Activity: The
Subject is engaged as an exporter of scrap metal to India and Pakistan. They
also export other materials such as lumber, pulp and paper.
NOTE TO CLIENT
Mr. Jagpal Singh,
Chief Executive Officer, provided the following information in this report.
LEGAL
Legal Form: Provincially
Chartered Corporation - Private
Incorporation
State ON
Status: ACTIVE
Since (D/M/Y): 15/08/2007
The company is NOT
required to publish an annual financial report.
TRADELAND CORPORATION
Corporate Number 002145423
Date of Inc./Amalg. 2007-08-15
Amalg. Indicator
Status ACTIVE
Establishment Type ONTARIO BUSINESS CORP.
Share SHARE
Jurisdiction ONTARIO
MANAGERS / KEY PERSONNEL
Mr. Jagpal Singh Chief Executive
Officer
Mr. Anil Miglani Director
Mr. Ranjit Singh Director
Owners
Mr. Jagpal Singh
Majority
AFFILIATED COMPANIES
Herbland Limited
BANKS
TD Canada Trust
State/Province: ON
Country: CANADA
Requires a signed
authorization and account number which could not be obtained from management at
this time.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant
payment record could not be obtained. Please note that we ahve emailed Mr. Singh
for additional trade references but have not received a response.
FINANCIAL INFORMATION
Management
declined to provide financial information via telephone at
this time. A
written request has been emailed to Mr. Singh. We have
not received a
response as of this writing.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 4219
Miscellaneous
Durable Goods Wholesalers
Number of Employees: 6
Business Activity:
The Subject is
engaged as an exporter of scrap metal to India and Pakistan. They also export
other materials such as lumber, pulp and paper.
The headquarters is at the heading address. The company has an
additional
location at:
109 Cinder Road
Edison NJ 08820
TRADE REFERENCES
Empire Steel
America Inc.
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Address: |
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Amount Outstanding: |
- |
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Telephone: |
905-643-4401 |
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Amount Past Due: |
- |
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Facsimile: |
905-643-9542 |
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High Credit Utilized: |
- |
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Contact: |
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Terms: |
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Credit Limit: |
- |
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Days to Pay: |
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The above supplier
has been contacted for a reference. We a response at this time.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the
Subject's name.
COMMENTS
The Subject is engaged as an exporter of scrap metal to India and Pakistan. No
payment record could be developed and a search of public records and bankruptcy
courts revealed no derogatory information or record of the Company filing a
bankruptcy petition.
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%)