MIRA INFORM REPORT

 

 

 

Report Date :           

06.08.2011

 

IDENTIFICATION DETAILS

 

Name :

CANADIAN WOOD PRODUCTS MONTREAL INC

 

 

Registered Office :

315-407 rue McGill, Montreal, Quebec, H2Y2G3

 

 

Country :

Canada

 

 

Date of Incorporation :

12.01.2009

 

 

Legal Form :

Private Company

 

 

Line of Business :

distributor of lumber 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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Identification

 

Legal Name:

CANADIAN WOOD PRODUCTS MONTREAL INC

Legal Address:

315-407 rue McGill, Montreal, Quebec, H2Y2G3, Canada

Telephone:

1 (514) 871-2120 / (866) 563-9663

Fax:

+ 1 (514) 871-9316

Email:

NA

Website:

http://canadianwood.ca

 Bottom of Form

 

Date Incorporated:

January 12, 2009

Number of shares:

NA

Capital:

NA

History:

The staff indicated that as of today the requested company has no further affiliation with CANADIAN ENGINEERED WOOD PRODUCTS LTD
(CEWP).

The reason was not revealed.

State:

Quebec

Document Number:

1165620007

Status:

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

Shareholders – manager- related companies

 


Shareholders Parent Company(ies)


BOISCLAIR INC.

Adresse
315-407 rue McGill Montreal, Quebec, H2Y2G3, Canada



9176-0215 QUÉBEC INC.

Adresse
9900, BOULEVARD CAVENDISH, BUREAU 110 SAINT-LAURENT, QUEBEC, H4M2V2, CANADA

Management :

BOISCLAIR PHILIPPE - President

L'ABBE CHRISTIAN - Vice President and Secretary

 

 

Business

 

Line of Business:

CANADIAN WOOD PRODUCTS MONTREAL INC is a private company located in Canada.


The structure is listed as an independent distributor of lumber products.

The company has worldwide business partners.

Because of the recent separation from CANADIAN ENGINEERED WOOD PRODUCTS LTD (CEWP) the business appear to be in mutation.

This is a young structure according to the registration date.

Sales are:

wholesale

Operations area :

National, International

Trade References:

The company's trade references were not confirmed with the staff.

Location

Headquarters:
The company's headquarters are located at:

315-407 rue McGill, Montreal, Quebec, H2Y2G3, Canada

Comments on location:
The structure used to have the following related offices. The staff was not willing to confirm those locations at this time:

Sales Office

Fredericton
96 Hodgson road
Frederiction, New-Brunswick
E3C 2G4, Canada

Toll-Free : (888) 340-7244
Phone : (506) 462-7244
Fax : (506) 454-2787

Karen Sturgeon


Vancouver
999, Canada Place, Suite 404
Vancouver, BC
Canada, V4C 3E2

Sales Office

Quebec
3350, De la Pérade street
Suite 101
Québec, QC
Canada, G1X 2L7

Staff:

11-25 employee(s)

Financials:

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

The company’s financials were neither reveal nor released.

Legal:

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

The company's last annual report was filed on July 22, 2011.

Banker:

Name of the Bank: Royal Bank of Canada

Terms of payment

Payments are: regular

Local credit bureau gave a correct credit rate.

Final Opinion:

The structure is in mutation.

The staff indicated no more relation with the related company: CANADIAN ENGINEERED WOOD PRODUCTS INC.

The person we should speak to never return our call.

We suggest a follow up on the length of payment for the future.

At this time, we would advise working with guarantees.

A review within 10 months is advised to assess the full extent of the transition faced by the structure.

Recommended Credit:

GUARANTEES

Comments:

We called the company. The receptionist confirmed the location for the requested company and no more business relation with the company CANADIAN ENGINEERED WOOD PRODUCTS INC. The person we should further the interview with never replied to our call. Her name is Valentina.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.80

UK Pound

1

Rs.72.86

Euro

1

Rs.63.11

 

 

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.