MIRA INFORM REPORT
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Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
6956246 CANADA INC |
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Registered Office : |
7100 Woodbine Ave., Suite 219, Markham, Ontario, Canada L3R 5J2 |
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Country : |
Canada |
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Year of Establishment : |
1990 |
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Legal Form : |
Private Company |
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Line of Business : |
Global Paper Commodity Trading Company |
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No. of Employees
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128 |
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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Maximum Credit Limit : |
USD 1,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 1.00 CAD = 0.984587 USD |
IDENTIFICATION
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Legal Name: |
6956246 CANADA INC |
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Trade Name: |
SKY GLOBAL |
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Legal Address |
7100 Woodbine Ave., Suite 219, Markham, Ontario, Canada L3R 5J2 |
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Operative Address |
7100 Woodbine Ave., Suite 219, Markham, Ontario, Canada L3R 5J2 |
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Telephone: |
+1 (905) 604-7591 |
ID : |
NA |
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Fax: |
+1 (905) 604-7592 |
Legal Form: |
Private Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1990 |
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Manager: |
Mitchell Goldfarb B.A., Founder
& President |
Date Incorporated: |
NA |
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Staff: |
128 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
It is a global paper commodity trading company. |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
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Name of the Bank |
HSBC Bank |
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Name of the Bank |
CIBC |
BUSINESS
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HISTORY |
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The company was created in 1990. |
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PRINCIPAL ACTIVITY |
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Paper and packaging company. |
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Products/Services description: |
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The company specializes in: Paper Trading - Commodity and Conventional Grades Indenting/Custom order - Commodity and Conventional Grades Stock and Sale Art Paper & Board - Matt Gloss Food Board and Folding Box Board, LWC Specialty Papers, Fine Papers and Boards Recycled, FSC and Eco Friendly papers Technical Papers Sky Global has assembled a team of senior executives that have many
years of in depth experience in in financing, strategic alliances, and
mergers and acquisitions. During the next 8 to 12 months, Sky Global’s
management team will implement its going public venture and list its
securities in the US stock exchange to implement its growth strategy: that
will entail securing financing and investment capital in order to: Complete the development of its unique proprietary technology. Patent invention for proprietary technology. Seek to license specific product rights worldwide. Actively pursuing strategic alliances and possible acquisitions
worldwide SKY GLOBAL, CORP, would be trading in the NASDAQ stock exchange and
will be the Parent company of the subject. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, International |
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The company export to North America, Central America, South America
and the Caribbean. |
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Trade References: |
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We couldn’t contact a person at the company’s to provide us the trade
references. |
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The subject employs 128 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 7100 Woodbine Ave., Suite 219,
Markham, Ontario, Canada L3R 5J2. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches, we couldn't
reach the shareholders for the company requested. |
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Management: |
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Mitchell Goldfarb B.A., Founder & President Joel Hirsch MBA, CFO Marcos Hal Simon, V.P. Purchasing Jimmy Halioua, Investor Relations Consultant James M. Bensimon B.A., LL.B., Legal Councel |
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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We have tried to contact the Accounts Payable Department and we were
transferred to a voicemail. We left a message and no one has replied it yet. |
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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 |
33,700,000 |
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Operating Income |
2,700,000 |
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Net Income |
2,200,000 |
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Net worth |
18,000,000 |
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Bank liabilities |
5,000,000 |
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The cash flow is |
NORMAL |
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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 Good 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 subject is a medium sized Canadian company. It started to operate in 1990. Therefore, it has a very good experience
in its field. SKY GLOBAL is a global paper commodity trading company that has an
extensive North American distribution system, servicing medium and fortune
500 companies within North America, Central America, Asia and Europe. The Company is a diversified trader of paper products utilizing local
and international suppliers. No evidence of legal or labor antecedents found against the company in
the consulted databases. Credit line may be considered USD 1,000,000-. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We have tried to contact the Accounts Payable and we were directed to
an automatic voicemail. We left a message and no one has replied it yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.21 |
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UK Pound |
1 |
Rs.83.32 |
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Euro |
1 |
Rs.69.51 |
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.