MIRA INFORM REPORT

 

 

Report Date :

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MANAS INTERNATIONAL INC (MANAS METALS INC)

 

 

Registered Office :

2601 Matheson Blvd E, Mississauga, Ontario L4W 5A8

 

 

Country :

Canada

 

 

Date of Incorporation :

04.07.2007

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Multi-resource trading company.

 

 

No. of Employees :

2

 

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 100,000

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 30, 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: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

The name provided in the order is a company's trade name.

Legal Name:

MANAS INTERNATIONAL INC (MANAS METALS INC)

Trade Name:

MANAS METALS INC

 

Legal Address

2601 Matheson Blvd E, Mississauga, Ontario L4W 5A8, Canada.

 

Operative Address

2601 Matheson Blvd E, Mississauga, Ontario L4W 5A8, Canada.

 

Telephone:

+ 1 (905) 268-0960

Document Number :

ON-0002141401

Fax:

+ 1 (905) 268-0918

Legal Form:

Corporation for Profit

Email:

info@manasintl.com

Registered in:

Canada

Website:

www.manasintl.com

Date Created:

2007

Manager:

Mr. Pankaj Dave, President.

Date Incorporated:

July 4, 2007

Staff:

2

Stock:

NA

 

 

Value:

NA

Activity:

Multi-resource trading company.

 

 

BANKS

 

Name of the Bank

HSBC BANK


 

BUSINESS

 

HISTORY

 

The company was created in 2007.

PRINCIPAL ACTIVITY

 

This is a one-source, multi-resource, trans-national trading company.

 

They specialize in steel, steel scrap, recycled metals and iron ore, they do petroleum products, timber/logs, healthcare, food & agro products, chemicals and engineering goods.

 

 

Sales are:

 

Wholesale.

Clients:

 

Professionals of several industries.

 

 

Operations area:

 

National, International.

 

 

The company imports from worldwide, depending on the demand.

The company export to worldwide, depending on the demand.

 

 

The subject employs 2 employees.

 

 

Comments on staff:

 

This information was not verified by the company.

PAYMENTS

 

Regular.

 

LOCATION

Headquarters

 

The company is headquartered at:

 

2601 Matheson Blvd E, Mississauga, Ontario L4W 5A8, Canada.



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a privately owned company. Our sources indicate that Mr. Pankaj Dave is the main shareholder.

 

Management:

 

Mr. Pankaj Dave, 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

 

CAD

2008

 

Turnover

4,600,000

 

Operating Income

73,000

 

Net Income

50,000

 

Net worth

300,000

 

Bank liabilities

60,000

 

The cash flow is

GOOD

 

 


Comments on the financial data: Dear client, at this time the 2010 financial figures were neither revealed nor released to our sources.

Please also notice that as a trading company, our subject's own income may be 8 to 10 time lower than its volume of transactions.

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 small sized Canadian Company which employs 2 people and has 4 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 subject's length of payment is regular.

 

A credit line may be considered for USD 100,000

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments

 

There was no available representative to answer our call at the moment. Therefore, we have left a message that has not been answered yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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.