MIRA
INFORM REPORT
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Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
CLIC INTERNATIONAL INC. |
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Registered Office : |
2185 Avenue Francis Hughes, Laval, Quebec H7S 1N5 |
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Country : |
Canada |
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Date of Incorporation : |
16.12.1986 |
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Com. Reg. No.: |
Federal ID# 4346521 |
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Legal Form : |
Federal Corporation |
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Line of Business : |
Specialized in the Conditioning and in the Transformation of Rice,
Cereals and Pulses |
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 1,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
CLIC INTERNATIONAL INC.
Company acronym:
--
Contact Information
|
Address |
2185 Avenue Francis Hughes Laval, Quebec H7S 1N5 Canada |
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Telephone |
450-669-2663 |
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Fax |
450-667-6799 |
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Website |
www.clicfoods.com |
Registration Data
|
Date of Registration |
12-16-1986 |
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Registration number |
Federal ID# 4346521 |
|
Legal address |
2185 Avenue Francis Hughes Laval, Quebec H7S 1N5 Canada |
|
Legal Form |
Federal Corporation |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Les Investissements
Canadiens Libanais Inc. |
+50% |
Board/Executive
|
Name |
Abdelnour ASSAAD |
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Position within the company |
President and CEO |
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Name |
Antoine KASSAS |
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Position within the company |
Vice President |
Changes in
Registration Data
None recorded
Activities (realistic
and officials)
CLIC INTERNATIONAL is specialized in the conditioning and in the
transformation of rice, cereals and pulses. Especially for these types of food
products, CLIC has developed a competitive advantage in trading.
In addition, CLIC exports pulses such as lentils, chickpeas and broad
beans (fava), in bulk or in cans produced in Canada.
Staff
|
Number of staff employed |
147 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
USA – Central and South America |
Facilities
|
Owned |
Manufacture, warehouse and office |
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Premises Size |
110,000 sq. feet, including 6,500 sq. feet office
space. |
Subsidiaries
and Participation
|
Parent Company |
Les Investissements Canadiens-Libanais 2185 Avenue Francis Hugues Laval, Quebec H7S 1N5 |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
47 Racine Road, Unit #4, 1127, Newmarket Ottawa, Ontario, K1B 4N4 |
Bankers
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Bank |
Banque de Montreal |
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Branch |
Laval |
Suppliers,
Partners
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Suppliers |
Not known |
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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
|
Source |
Industry Canada |
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Figures are |
Declared |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
40,000,000= |
Reporter Comments
|
Comments |
On a direct call, an executive 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 Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 days
beyond terms. |
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MAX CREDIT |
CAD 1,000,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
CAD 1,000,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
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%)