MIRA INFORM REPORT

 

 

Report Date :

29.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MS INTERMEDIATE & CHEMICAL INC

 

 

Registered Office :

14 Automatic Rd Unit 30 31 Brampton ONT L6S 5N5

 

 

Country :

Canada

 

 

Year of Establishment :

2008

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Importer manufacturer and distributor of chemical and pharmaceutical products.

 

 

No. of Employees :

6

 

 

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 10,000.

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 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

 

Legal Name:

MS INTERMEDIATE & CHEMICAL INC

Legal Address

14 Automatic Rd Unit 30 31 Brampton ONT L6S 5N5

Operative Address

14 Automatic Rd Unit 30 31 Brampton ONT L6S 5N5

Telephone:

+1 (905) 781-2400 / +1 (905) 794-2655  (Owner’s phone number)

ID :

NA

Fax:

+1 (905) 781-2400

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Canada

Website:

NA

Date Created:

2008

Manager:

Lakhvinder Pal Singh Puri, President

Date Incorporated:

NA

Staff:

6

Stock:

NA

 

 

Value:

NA

Activity:

Importer manufacturer and distributor of chemical and pharmaceutical products.

 

 

BANKS

 

Name of the Bank

Royal bank Of Canada

Location                                   

Castlemor & Mcvean Br., 9980 Mcvean Dr. Brampton ON L6P 2S5

Account Number

00027400-103-8


 

BUSINESS

 

HISTORY

 

This company was created in the year 2008.

PRINCIPAL ACTIVITY

 

The company is engaged in the import, manufacture, wholesale and distribution of chemical and pharmaceutical products.

Sales are:

 

Wholesale

Clients:

 

Various industries.

Operations area:

 

National, Local

The company imports from United States

The company export to Worldwide depending on the demand

Trade References:

 

The owner stated that they import their products through its sister company 1201258 Ontario Inc.

 

Moreover, he was unable to provide us the name of their trade references as we were calling him to his house.

The subject employs 6 employee(s)

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

 

LOCATION

Headquarters

 

The company is headquartered at 14 Automatic Rd Unit 30 31 Brampton ONT L6S 5N5.

 

Please note that as confirmed by the owner, the subject shares its headquarters with its sister company.

Branches:

 

As stated by the owner, the company has another branch located at 11 Edvac Dr #234, Brampton, ON L6S 5P2, Canada.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This company is privately held and has Lakhvinder Pal Singh Pur as the main shareholder.

Management:

 

Lakhvinder Pal Singh Pur, President

Related Companies:

 

1201258 Ontario Inc

14 Automatic Rd., Unit 30-31,

Brampton, ONT L6S 5N5 Canada

 

Mr Pal Singh Pur, who owns this company and the one you requested, stated that MS Intermediate & Chemical Inc distributes its manufactured products worldwide.

 

On the other hand, 1201258 Ontario Inc its sister company is mainly engaged in the import of the raw material from United States.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Lakhvinder Pal Singh Pur, president and owner who provided us with the following data:

Currency

DATE

 

USD

2010

 

Turnover

800,000

 

The cash flow is

Normal

 

 

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a 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 company with 6 employees and 3 years of experience in the business.

 

Due to the nature of its business the company has a strong and solid business relation with US.

 

There were no legal filings found against the company or it legal representatives.

 

Regarding the financial data provided by the company the income per employee is correct for its size.

 

Therefore, a credit line may be considered for USD 10,000.




 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Lakhvinder Pal Singh Pur

Position

 

President and owner

Comments

 

He provided us with the following information:

 

Staff

Bank that they work with

Line of business

Country where they imported from

Its branch address

Revenue for the year 2010.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.21

UK Pound

1

Rs.83.32

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.