MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
M V TRADING LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.08. 2007 |
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Com. Reg. No.: |
BC-0000798878 |
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Legal Form : |
British Columbia Corporation – Profit |
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Line of Business : |
Importer and wholesaler of jewelry and related products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
M V TRADING LTD.
Company acronym: M V TRADING CO.
Contact Information
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Address |
9281 120th Street Delta, British Columbia V4C 6R8 Canada |
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Telephone |
604-582-7884 |
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Fax |
604-582-7884 |
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Cellular |
604-807-0006 |
Registration Data
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Date of Registration |
August 2nd, 2007 |
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Registration number |
BC-0000798878 |
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Legal address |
8556 120TH Street, Suite 201 Surrey, British Columbia, V3W 3N5 Canada |
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Legal Form |
British Columbia Corporation – Profit |
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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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Mukesh Verma |
100 |
Board/Executive
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Name |
Mukesh Verma |
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Position within the company |
President and CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and wholesaler of jewelry and related products.
Staff
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Number of staff employed |
1 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
India |
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Exports To |
- |
Facilities
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Rented |
Store |
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Premises Size |
600 sq. feet |
At same address, we find A C C JEWELLERS INC. managed by Mukesh Verma.
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 |
None |
Bankers
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Bank |
Royal Bank |
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Branch |
Scott-Town |
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Address |
9490 120 Street , Surrey , BC V3V 4B9 |
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Telephone |
604-586-3565 |
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
No financials available at this time.
Reporter Comments
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Comments |
In the interview conducted with Mukesh Verma, He deferred any information on that business. |
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Local Reputation |
No credit history available at this time. The Company is not in good standing. That means that the local taxes
were not paid. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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UK Pound |
1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)