MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
RAJBIRD INC |
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Registered Office : |
2509 Rue Guénette, Montréal (Québec) H4R2E9 |
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Country : |
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Date of Incorporation : |
11.02.2008 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Exporter of ferrous and non-ferrous scrap metals |
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 : |
15 000 USD |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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: |
Rajbird Inc |
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Address in the order: |
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Legal Name: |
RAJBIRD INC |
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Legal Address |
2509 rue Guénette, Montréal
(Québec) H4R2E9, Canada |
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Telephone: |
+1 (888)-383-19 04 |
Document Number : |
1166299678 |
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Fax: |
+1 (514)-313-53 61 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
February 11th, 2008 |
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Manager: |
Singh Jaspal , President |
Date Incorporated: |
December 30th, 2009 |
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Staff: |
05 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Exporter of ferrous and non-ferrous scrap metals. |
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BANKS
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Name of the Bank |
ROYAL BANK OF |
BUSINESS
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HISTORY |
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Rajbird Inc is a private company created in 2008 and based in |
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PRINCIPAL ACTIVITY |
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The company is working as an exporter of ferrous and non-ferrous scrap
metals. |
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Products/Services description: |
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The company is exporting the following products: -HMS1 -Auto steel castings mixed and rotters only. -Plates and structures P& S -Aluminum sidings -Aluminum castings -Aluminum sows ( 95% Aluminum) |
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Sales are: |
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Wholesale |
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Clients: |
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Retailers |
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Operations area: |
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National, International, Local |
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The company imports from |
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The company export to |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 05 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 2509 rue Guénette Montréal (Québec) H4R2E9, |
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The property is: |
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Leased |
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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Jaspal Singh is the company's main shareholder |
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Management: |
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Jaspal Singh, Owner and President |
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, the company's Owner who provided us with the
following data: |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
2,000,000 |
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The cash flow is |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
1,400,000 |
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The cash flow is |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau gave a correct 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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This is a small and with 4 years in the
business. The company has a satisfying income. The profitability and the length of
payment are correct. Moreover, the turnover has impressively
increased in 2010. Considering the information listed above
and due to the fact that the company is still young in the business. We believe that the company can bear a
small credit line in the range of 15 000 USD with confidence. The business connection can be conducted |
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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Owner |
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Comments |
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He was able to provide us 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.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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.