MIRA
INFORM REPORT
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Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
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Name : |
LA PIERRE PRECIEUSE
TRADING, IMPORT AND EXPORT INC |
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Registered Office : |
620 Cathcart, Suite 456, Montreal, Quebec H3B 1M1 |
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Country : |
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Date of Incorporation : |
22.12.1981 |
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Com. Reg. No.: |
Federal ID# 1256025 |
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Legal Form : |
Federal Corporation |
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Line of Business : |
Manufacture and Wholesaler of Jewelry Importer and Wholesaler Diamonds and Precious Stones, and related
products. |
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 |
Company
Name
LA PIERRE PRECIEUSE TRADING, IMPORT AND EXPORT INC
Company acronym:
Contact Information
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Address |
620 Cathcart, Suite 456 Montreal, Quebec H3B 1M1 Canada |
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Telephone |
514-861-6595 |
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Fax |
514-861-8360 |
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Website |
- |
Registration Data
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Date of Registration |
12-22-1981 |
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Registration number |
Federal ID# 1256025 |
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Legal address |
620 Cathcart, Suite 456 Montreal, Quebec H3B 1M1 Canada |
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Legal Form |
Federal Corporation (A Federal Corporation is allowed to do business in all the |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Prakash BAID |
50+ |
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Reena BAID |
50- |
Board/Executive
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Name |
Prakash BAID |
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Position within the company |
President |
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Name |
Reena BAID |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Manufacture and wholesaler of jewelry
Importer and wholesaler diamonds and precious stones, and related products.
Staff
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Number of staff employed |
4 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, |
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Exports To |
- |
Facilities
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Rented |
Workshop, warehouse and office |
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Premises Size |
1,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
- |
Bankers
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Bank |
Banque de Montreal |
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Branch |
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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
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Source |
Bank |
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Figures are |
Estimate |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
2,000,000= |
Reporter Comments
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Comments |
On a direct call, nobody agreed to answer our questions. |
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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, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 days
beyond terms. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)