MIRA
INFORM REPORT
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Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GREEN FIBERS, INC. |
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Registered Office : |
420 Bronte Street South Unit
116 Bronte, ON L9T 0H9 |
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Country : |
Canada |
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Date of Incorporation : |
24.03.1999 |
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Legal Form : |
Corporation For Profit |
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Line of Business : |
Wholesales Scrap
Materials |
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 15,000 |
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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 |
15,000 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 = 100.46 CAD Satisfying |
IDENTIFICATION
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Company Name: |
Green Fibers, Inc. |
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Address: |
420 Bronte
Street South Unit 116 Bronte, ON L9T
0H9 Canada |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (905) 876-9272 + 1 (905) 876-9270 ON-0001346982 Ontario Asif Sarfraz, President |
Date founded: |
March 24,1999 Corporation For Profit N.A. Employees: 5 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales scrap materials |
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BANKS
TD CANADA TRUST
BUSINESS
Business & Operation:
Green Fibers, Inc. is a
company located in Ontario (Canada) and specialized in scrap materials. This
company which is a wholesaler provides:
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General non metal scrap,
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Paper cardboard,
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Plastic MDPE Polyvinylchloride.
This company develops its business in the way which fits with the
recycling aspect and is definitely driven by the green trend.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
- Asif Sarfraz, President.
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Green Fibers, Inc. 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 |
845,000 |
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Operating profit |
29,000 |
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Net income |
17,000 |
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Net worth |
80,000 |
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Liabilities |
20,000 |
LEGALS
0 Suits
No Judgments
No Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 PPSA Filing in 2007 By TD
Canada Trust securing Book Debts. Amount : NA
1PPSA Filing in 2007 by
Toyota Credit Canada securing Equipment.
Amount: NA
All previous PPSA Filings
have been cleared
.
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 40 days basis (monitored during the past 12 months).
Our final opinion:
This is a small company
working in the local market.
A credit line may be
considered, but only in the range of 15,000 USD.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Low Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
15,000 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%)