MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
GALLANT IMPEX INC. |
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Registered Office : |
30 Lockheed Crescent,
Brampton, Ontario L7A 3G2 |
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Country : |
Canada |
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Date of Incorporation : |
01.24.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler of Formal Wear for Men and Ladies eg Formal
Suits, Party Wear, Trousers, Shirts, Blouse, Kitchen and Table Linen's, Bed Sheet,
Pillow Cover, Bed Covers, Towels… |
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 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
GALLANT IMPEX INC.
Address
30 Lockheed Crescent, Brampton, Ontario L7A 3G2 – Canada
summary
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Telephone : Fax : Website : Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
416-930-1998 905-230-7855 www.gallantimpex.com ON-0002092022 Ontario Corporation – Profit 01-24-2006 - - Booja SRIVASTAVA |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Company is importer and wholesaler of formal wear for men and
Ladies eg formal suits, party wear, trousers, shirts, blouse, kitchen and table
linen's, bed sheet, pillow cover, bed covers, towels… Gallant Impex Inc is into manufacturing and exports of garment since
1990. The company has its manufacturing base in Bombay, Kanur and Coimbator
(India). Marketing office in Dubai(U. A. E. ) and Toronto (Canada). 3 in Canada – 60
worldwide |
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Operations & branches: |
At above address, we find
an office and showroom, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
The Chairman is: Mr S. Ashish Srivastava P. O. Box 40472, Dubai, United Arab Emirates Ph : 971 04 2677831 Fx : 971 04 2677832 The manager in Canada is
Booja SRIVASTAVA As far as we know, he is
they are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United Canada, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent an email but no
answer was received.
However, consolidate sales
estimate for year 2007 is in the range of USD 1,500,000=
The business is profitable.
Banks
HSBC Bank
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary : |
None |
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 95% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 days beyond
terms.
The Company is developing a
regular business.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
OUR CREDIT RATE |
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Maximum |
CAD 20,000= |
Low Risk |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)