MIRA INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
LES INGREDIENTS ALIMENTAIRES BSA SEC- |
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Registered Office : |
6005, Boulevard Couture Saint-Léonard, H1P 3E1, Quebec |
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Country : |
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Date of Incorporation : |
29.08.2005 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer and wholesaler of food ingredients |
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 : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Les Ingredients Alimentaires
Bsa Inc. |
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Address in the order: |
6005, Boul Couture, St-Leonard, ( |
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Comments on data supplied: |
The company's correct name is indicated below. |
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Legal Name: |
LES INGREDIENTS ALIMENTAIRES
BSA SEC |
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Trade Name: |
BSA |
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Legal Address |
6005, BOULEVARD COUTURE SAINT-LÉONARD, H1P 3E1, Quebec, Canada |
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Telephone: |
+1 (514)-852-27 19 |
Document Number : |
3363194476
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Fax: |
+1 (514)-852-61 32 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1989 |
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Manager: |
BARIL MARCEL, President |
Date Incorporated: |
August 29th, 2005 |
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Staff: |
125 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer and wholesaler of food ingredients. |
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BANKS
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Name of the Bank |
ROYAL BANK OF |
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Name of the Bank |
BUSINESS DEVELOPMENT BANK OF |
BUSINESS
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HISTORY |
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LES INGREDIENTS ALIMENTAIRES BSA, SEC, is a private Canadian company
which began its operations in July of In 1996, BSA set up its
subsidiary BSA India Food. Ingredients Private Ltd (“BSA India”). On April 1,
2008, BSA India officially opened a custom blend plant in order to be in a
better position to respond to the needs of the burgeoning Indian market. |
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PRINCIPAL ACTIVITY |
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LES INGREDIENTS ALIMENTAIRES BSA, SEC is a food ingredient company.
They are wholesaler and manufacturer of food ingredient located in Indeed, BSA is specialized in ingredients for the Meat and Food
Processing Industry. The company is acknowledged for its innovations in food
technology. |
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Products/Services description: |
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Products: Meat, Poultry, Fish & Seafood Vegetables, Leguminous & Side Dishes Soups & Sauces Baked Products Snack Foods Dips, Spreads and Vinaigrettes Dairy Products Services: Research & Development Culinary Center Pilot Plant Quality Assurance Equipments |
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Sales are: |
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Wholesale |
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Clients: |
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Retailers or distributors. |
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Operations area: |
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National, Local |
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The company imports from |
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The company does not export |
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Trade References: |
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- Canadian Restaurant and Food Services Associations - - CHR HANSEN - LALLEMAND - RED ARROW |
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Competitors: |
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CAFE ADELIA, INC, CA CAFE CIMO, INC, CA LA MERE POULE, INC, CA VAINDE CANBEC INC, CA |
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The subject employs 125
employee(s) |
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PAYMENTS |
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made on a 40 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company's headquartered at the above address. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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INVESTISSEMENT
BSA INC, Main Shareholder. |
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Management: |
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BARIL MARCEL, President RIVARD NATHALIE, Administrator RADESCHI PASQUALE, Administrator LALANCETTE RHÉO, Accountant Manager DOMINIQUE AINSLEY, Sales Director JOCELYN PIETTE, R&D Manager. |
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Related Companies: |
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1.BSA - 2.BSA - Inde F 29, Matasya Industrial Area Alwar, |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted
LALANCETTE RHÉO, Accountant Manager who provided us the Parent Company's
consolidated turnover. |
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Currency |
DATE |
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CAD |
2010 |
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Turnover |
28,000,000 |
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The cash flow is |
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Currency |
DATE |
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CAD |
2009 |
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Turnover |
19,600,000 |
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Operating Income |
353,000 |
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Net Income |
214,000 |
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Net worth |
2,000,000 |
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Liabilities |
650,000 |
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The cash flow is |
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Comments on the financial data: Mr. LALANCETTE RHÉO
was able to indicate us that the subject's parent company is profitable in
2010. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. The company’s 2010 annual report was filed
on February 17, 2010. |
Rating
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Local credit bureau gave a Medium credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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The company has several years of
experience in the business. Looking at the turnover of the subject
parent company we can see that it’s fair for its size. Indeed, its profitability is correct and
the debt level is controlled. The subject company accounts for a
significant part of the group's financial results. For these reasons, we suggest a maximum
credit line of USD 300 000 and making a follow up report within 6 to 9
months. To completely secure the company's credit
line, we suggest considering the subject’s Final Parent Company as a
guarantor. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Accountant Manager |
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Comments |
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She was able to confirm the information in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.71.59 |
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Euro |
1 |
Rs.63.01 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.