MIRA INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BOAS & FARRO LTD |
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Registered Office : |
21 Dundas Square,
Toronto, Ontario M5B 1B7, Ontario |
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Country : |
Canada |
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Year of Establishment : |
1914 |
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Legal Form : |
Limited Company |
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Line of Business : |
Jewelry and diamond distribution |
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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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: USD |
IDENTIFICATION
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Ordered as: |
Boas & Farro Ltd |
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Address in the order: |
21 Dundas Square Toronto,
Ontario M5B 1B7 Ontario |
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Legal Name: |
BOAS & FARRO LTD |
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Legal Address |
21 Dundas Square,
Toronto, Ontario M5B 1B7, Ontario, Canada |
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Telephone: |
(416) 368-8023 |
ID : |
NA |
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Fax: |
(416) 368-8849 |
Legal Form: |
Limited Company |
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Email: |
info@boasandfarro.com |
Registered in: |
Canada |
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Website: |
http://www.boasandfarro.com |
Date Created: |
1914 |
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Manager: |
Gary Shah, Manager |
Date Incorporated: |
NA |
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Staff: |
7 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewelry and diamond distribution. |
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BUSINESS
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HISTORY |
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The company was created in 1914. |
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PRINCIPAL ACTIVITY |
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The company is engaged in jewelry and diamond distribution. |
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Products/Services description: |
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The company distributes the following products: Bridal Rings Jewellery Men's Jewellery Candian Diamonds Jewellery Gemstone Jewellery |
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Sales are: |
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Retail |
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Clients: |
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General clientele |
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The subject employs 7 employee(s) |
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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: 21 Dundas Square, Toronto, Ontario
M5B 1B7, Ontario, Canada. |
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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This is a private company. Mr. Gary Shah appears to be one of the main shareholders. However, this
information was not verified by the company. |
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Management: |
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Gary Shah, Manager. |
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 Mr. GARY SHAH, President, who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
2,058,270 |
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The cash flow is |
normal |
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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 sized Canadian company. It
employs 7 people and has been in business for 96 years. |
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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APPENDIX
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Person Interviewed |
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Gary Shah |
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Position |
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President |
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Comments |
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The person contacted provided the following information: Address Creation date President`s name Activity |
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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UK Pound |
1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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 |
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NB |
New Business |
---- |
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.