MIRA INFORM REPORT

 

 

Report Date :           

28.04.2011

 

IDENTIFICATION DETAILS

 

Name :

BELL GRAIN INC

 

 

Registered Office :

8510, Rue Occident, J4y 3g1, Brossard (Québec)

 

 

Country :

Canada

 

 

Date of Incorporation :

25.05.2001

 

 

Com. Reg. No.:

1160136702

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Import and wholesale of farm products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

5,000 USD.

Status :

Small Company 

Payment Behaviour :

Regular

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

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100 CAD = 105 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Bell Grain Inc

Address in the order:

8510, Occident St Brossard, QC. J4Y 3GI

Legal Name:

BELL GRAIN INC

Legal Address

8510, RUE OCCIDENT, J4Y 3G1, BROSSARD (QUÉBEC)

Telephone:

+1 (514) 333-00 39

Registration Number :

1160136702

Fax:

+1 (514) 333-91 92

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

Quebec

Website:

N.A.

Date Created:

May 25th, 2001

Manager:

Garas Elgendi, President

Date Incorporated:

May 31st, 2001

Staff:

01 employee

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Import and wholesale of farm products

 

 

BANKS

 

Name of the Bank

BANK OF MONTREAL

 

 

BUSINESS

 

HISTORY

 

BELL GRAIN INC is a private company created in 2001 and based in Canada.

PRINCIPAL ACTIVITY

 

BELL GRAIN INC is working as a wholesaler of grain.

 

The company also imports farm products.

Products/Services description:

 

BELL GRAIN INC

Sales are:

 

Wholesale

Clients:

 

Retailers and distributors

Suppliers:

 

Qingdao Yuanhao Weiye Imp. & Exp. Co.,Ltd.

Operations area:

 

National, Local

The company imports from China and India

The company does not export

Trade References:

 

Despite our searches we were not able to find any company's trade references

The subject employs 01 employee(s)

LOCATION

Headquarters

 

The company is headquartered at 8510, RUE OCCIDENT,J4Y 3G1, BROSSARD (QUÉBEC

The property is:

 

Rented

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

GARAS, ELGENDI is the company's main shareholder

Management:

 

GARAS, ELGENDI Owner and President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company's Owner who refused to provide us any financial data without knowing the name of the inquiring party.

 

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.

 

Currency

DATE

USD

2010

Turnover

511,424

The cash flow is

Normal

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

 

 

Rating

 

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.

 Final Opinion

 

This is a very small company with 10 years in the business.

 

Looking at the company's income, its can be considered fair for its size.

 

Moreover, the profitability is correct and the length of payment is regular.

 

Therefore, we believe that the company can bear a small credit line in the range of 5,000 USD.

 

Monitoring is required

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 




APPENDIX

 

Position

 

Owner

Comments

 

He was able to confirm some information in the report but refused to provide any financials information on grounds of confidentiality

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.40

UK Pound

1

Rs.73.26

Euro

1

Rs.65.17

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.