MIRA INFORM REPORT
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Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
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Name : |
QUEST PLASTICS LIMITED |
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Registered Office : |
2475 Tedlo St, Mississauga, ON L5A 4A8 |
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Country : |
Canada |
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Year of Establishment : |
1979 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of plastic related products |
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: 100 USD = 95 CAD |
IDENTIFICATION
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Ordered as: |
Quest Plastics Ltd |
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Address in the order: |
2475 Tedlo Street, Mississauga, Ont |
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Legal Name: |
Quest Plastics Limited |
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Legal Address |
2475 Tedlo St, Mississauga, ON L5A 4A8, Canada |
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Telephone: |
+ 1 (905) 270-4438 |
Document Number : |
NA |
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Fax: |
+ 1 (905) 270-1413 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Mississauga |
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Website: |
Date Created: |
1979 |
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Manager: |
DAVE WEBB, Chief Executive Officer |
Date Incorporated: |
NA |
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Staff: |
61 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of plastic related products |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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PRINCIPAL ACTIVITY |
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Quest Plastics Limited is a privately owned Canadian company producing
quality products from our manufacturing facilities in Mississauga and London, Ontario. Since their beginning in 1979, Quest has grown steadily. The company is attempting to pursue business in Europe. |
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Products/Services description: |
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Landscape Fabric Safety Fence Snow Fence Burlap Silt Fence |
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Sales are: |
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Wholesale |
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Clients: |
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Construction Consumer Products Wholesale/Retail |
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Operations area: |
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National, International |
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The company export to US. |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company's shareholders were not confirmed with the staff. |
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Management: |
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DAVE WEBB, Chief Executive Officer. |
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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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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CAD |
2010 |
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Turnover |
between 10,000,000 - 25,000,000 |
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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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The company is established. We did not find any specific adverse record
against the company. We estimate that the company can bear a
credit line. A business connection can be conducted. We suggest a review within 8 months for
monitoring purposes. We have to remember that the company’s
legal form protect the owners’ personal assets in case of failure. |
SUMMARY
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Profitability |
MEDIUM |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
CORRECT |
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APPENDIX
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Comments |
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The receptionist confirmed the company's location. The person we spoke
to after confirmed the company’s size location and activity. She also
indicated that the company is not involved in legal or bankruptcy filings. She
was unwilling to provide her name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.40 |
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UK Pound |
1 |
Rs.73.26 |
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Euro |
1 |
Rs.65.17 |
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 |
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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.