MIRA INFORM REPORT

 

 

Report Date :           

02.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

BELTERRA CORPORATION

 

 

Formerly Known As :

BC Belting, Ltd.

 

 

Registered Office :

1638 Fosters Way, Delta, British Columbia V3M 6S6

 

 

Country :

Canada

 

 

Year of Establishment :

1969

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Conveyor belting and bulk material flow handling products.

 

 

No. of Employees :

220 Persons

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 900,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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: 100.00 CAD   =   98.2228 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

BELTERRA

 

Address in the order:

2247, South Quinn Street, Prince George, BC V2N 2X4

 

Comments on data supplied:

The address provided in the order is that of a company's non-independant division.

 

Legal Name:

BELTERRA CORPORATION

 

 

Legal Address

1638 Fosters Way, Delta, British Columbia V3M 6S6, Canada.

 

Operative Address

1638 Fosters Way, Delta, British Columbia V3M 6S6, Canada.

 

Telephone:

+1-604-540-1950

Registration Number :

N/A

Fax:

+1-604-540-2910

Legal Form:

Corporation for Profit

Email:

info@belterra.ca

Registered in:

Canada

Website:

http://www.belterra.ca

Date Created:

1969

Manager:

Mr. Donald Latham, President

Date Incorporated:

N/A

Staff:

220

Stock:

N/A

 

 

Value:

N/A

Activity:

Conveyor belting and bulk material flow handling products.

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was created in 1969.

 

Belterra was formerly known as BC Belting, Ltd. and changed its name to Belterra Corporation in 2004.

 

PRINCIPAL ACTIVITY

 

Belterra Corporation markets and distributes conveyor belting and bulk material flow handling products, components and accessories, and maintenance solutions.

Sales are:

 

Wholesale

Clients:

 

Professionals of several industries.

Operations area:

 

National and International

The company imports from worldwide, depending on the demand.

The company export to worldwide, depending on the demand.

The subject employs 220 employees.

Comments on staff:

 

This information was not verified by the company.

PAYMENTS

 

Regular.

LOCATION

Headquarters

 

The company is headquartered at:

1638 Fosters Way, Delta, British Columbia V3M 6S6, Canada.

Branches:

 

The company has other locations in Nanaimo, Kelowna, Prince George, Calgary, Edmonton, Saskatoon, Regina, Winnipeg, Kamloops, Grande Prairie, Leduc, and Thunder Bay.

 

 

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. It is a wholly owned subsidiary of:

 

Marubeni America Corporation

450 Lexington Ave.

New York, NY 10017, United States.

Phone: 212-450-0100

Fax: 212-450-0700

 

 

Management:

 

Donald Latham, President & Board Member

Brian Friesen, Chief Finance Officer

Roger Pelat, Regional Vice President

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company, but there was no representative available to answer our call at the moment. Therefore, we have left a message in the company's voice mail that has not been answered yet.

 

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

52,310,000

The cash flow is

NORMAL

 

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a MEDIUM 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 medium sized Canadian company which employs 220 people and has over 42 years of experience in the industry.

 

The company is active and doing business.

 

We have not found detrimental legal or labor information against the company within the District Court.

 

The company's structure is solid and well established.

 

A credit line may be considered for USD 900,000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company, but there was no representative available to answer our call at the moment. Therefore, we have left a message in the company's voice mail that has not been answered yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.65

UK Pound

1

Rs.81.06

Euro

1

Rs.69.51

 

 

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.