MIRA INFORM REPORT

 

 

Report Date :           

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

POSTILL BURLAP

 

 

Registered Office :

24945 56 Ave, Langley, British Columbia V4W 1G3

 

 

Country :

Canada

 

 

Year of Establishment :

1991

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Textiles, Woven and Nec Wholesaler.

 

 

No. of Employees :

2 persons

 

 

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 :

USD 15,000

Status :

Small Company

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: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Postill Burlap

Address in the order:

24945-56 Ave Aldergrove B.C. Canada V4WIG3

 

 

Legal Name:

POSTILL BURLAP

 

 

Legal Address

24945 56 Ave, Langley, British Columbia V4W 1G3, Canada.

 

Operative Address

24945 56 Ave, Langley, British Columbia V4W 1G3, Canada.

 

Telephone:

+1 (604) 856-7872

ID :

NA

Fax:

+1 (604) 856-7869

Legal Form:

Limited Partnership

Email:

info@postillburlap.com

Registered in:

Canada

Website:

N/A

Date Created:

1991

Manager:

Gordon Postill, Partner.

Date Incorporated:

NA

Staff:

2

Stock:

NA

 

 

Value:

NA

Activity:

Textiles, Woven and Nec Wholesaler.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

 

 

BUSINESS

 

HISTORY

 

The company was created in 1991.

 

 

PRINCIPAL ACTIVITY

 

The company engages as a Textile, Woven and Nec Wholesaler.

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry.

Operations area:

 

National

The company imports from Asia.

The company does not export.

 

 

 

The subject employs 2 employees.

 

 

PAYMENTS

 

Made on a 30 days basis - monitored over the last 12 months.

LOCATION

Headquarters

 

The company is headquartered at:

24945 56 Ave, Langley, British Columbia V4W 1G3, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Our sources indicate that the main shareholder is Mr. Gordon Postill.

Management:

 

Mr. Gordon Postill, Partner.

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company, and the representative provided us with the following data:

 

 

Currency

DATE

USD

2010

Turnover

437,040

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 small sized Canadian company which employs 2 people and has 20 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 imports its products from Asia and distributes them in Canadian territory.

 

A credit line may be considered for USD 15,000

 

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Female Representative

Comments

 

The contacted person provided us with the following information: company's name, location, activity, products, number of employees, management staff, shareholding, import/export information, creation date, revenue, payment trends to the suppliers, operative bank, and legal form.

 

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.