MIRA
INFORM REPORT
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Report Date : |
26.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DYNAMIC GEMS GROUP INC. |
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Registered Office : |
27 Queen Street East,
Suite 806, Toronto, Ontario M5C 2M6 |
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Country : |
Canada |
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Date of Incorporation : |
08.05.2002 |
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Legal Form : |
Ontario Corporation –
Profit |
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Line of Business : |
Importer and Wholesaler
of Diamonds. |
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
DYNAMIC GEMS GROUP INC.
Address
27 Queen Street East, Suite 806, Toronto, Ontario M5C
2M6 –Canada
Telephone : 416-777-0010
Fax : 416-777-0021
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
ON-1520764 Ontario Ontario Corporation –
Profit May 8, 2002 - - Sam SALEHI |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Importer and wholesaler
diamonds. The Company imports from Asia
and sells to jewelry stores and retailers in Ontario. 2 |
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Operations & branches: |
At above address, we find
an office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. |
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Management : |
Sam SALEHI is the
President, Director and CEO. Paras Kumar SHAH is
Director. As far as we know, they
are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, Sam
SALEHI controlled the present report but deferred any financials.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of CAD 3,000,000=
The business is said to be
profitable.
Banks
Royal Bank of Canada
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the Courts. |
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Secured debts
summary : |
None |
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 88% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 to 10 days
beyond terms.
The Company maintains a
regular business.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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%)