MIRA INFORM REPORT
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Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BELLE RATIONAL TRADING LTD |
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Registered Office : |
55 Queen Street, ON Suite 607 Toronto Ontario |
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Country : |
Canada |
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Year of Establishment : |
1983 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Jewelry Wholesalers |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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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Canada |
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: 100 CAD = 103.58 USD |
IDENTIFICATION
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Ordered as: |
Belle Rational Ltd |
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Address in the order: |
55 Queen Street, ON Suite 607 Toronto Ontario |
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Legal Name: |
Belle Rational Trading Ltd |
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Legal Address |
55 Queen Street, ON Suite 607 Toronto Ontario |
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Operative Address |
55 Queen Street, ON Suite 607 Toronto Ontario |
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Telephone: |
+1 416.203.2100 |
Registration Number : |
NA |
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Fax: |
+1 416.203.2130 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1983 |
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Manager: |
Julius Hoschander, President & Board Member |
Date Incorporated: |
- |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewelry wholesalers |
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BANKS
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Name of the Bank |
RBC |
BUSINESS
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HISTORY |
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The company was established in the year 1983 |
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PRINCIPAL ACTIVITY |
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The company engages in the wholesale of jewelry |
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Products/Services description: |
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Rings Watches bracelets necklaces pendants Diamonds |
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Sales are: |
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Wholesale |
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Clients: |
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Jewelry retailers Jewelry Manufacturers |
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Operations area: |
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National, Local |
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The company imports from Asia and Europe |
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The company does not export |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 55 Queen Street East Suite 607
Toronto, ON M5C 1R6 Canada |
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Branches: |
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There were no branches found for this company. |
Shareholders -
Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held by the Hoschander family members |
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Management: |
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Julius Hoschander, President & Board Member Bella Hoschander, Secretary-Treasurer & Board Member |
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 Mrs. HOSCHANDER who refused to provide us any financial
data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
340,560 |
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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 company has been in business for 28
years, it has a staff of 2 employees which makes it a small sized company. There
were no legal filings found against the company or its legal representatives. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.68 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.53 |
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.