MIRA INFORM REPORT
|
Report Date : |
30.12.2011 |
|
|
|
|
Tel. No.: |
905 864 4705 |
IDENTIFICATION DETAILS
|
Name : |
EISA TRADING INC. |
|
|
|
|
Registered Office : |
588 Miller Way, Milton, ON L9T 6G4 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Year of Establishment : |
2007 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Operated steel business center |
|
|
|
|
No. of Employees
: |
Less than 10 (not verified) |
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 25,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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
|
Currency: USD |
IDENTIFICATION
|
Legal Name: |
Eisa Trading Inc. |
|||
|
Legal Address |
588 Miller Way, Milton, ON L9T 6G4, Canada. |
|||
|
Operative Address |
588 Miller Way, Milton, ON L9T 6G4, Canada. |
|||
|
Telephone: |
+1 (647) 219 5795 |
ID : |
NA |
|
|
Fax: |
+1 (905) 864 4705 |
Legal Form: |
Private Company |
|
|
Email: |
Registered in: |
|
||
|
Website: |
Date Created: |
2007 |
||
|
Manager: |
Shahid Tufail, President. |
Date Incorporated: |
NA |
|
|
Staff: |
Less than 10 (not verified) |
Stock: |
NA |
|
|
|
|
Value: |
NA |
|
|
Activity: |
Operated steel business center. |
|||
BUSINESS
|
HISTORY |
||
|
|
The company was established in 2007. (not verified by the company) |
|
|
PRINCIPAL ACTIVITY |
||
|
|
Operated steel business center. |
|
|
Products/Services description: |
||
|
|
The company provides primary and secondary steel commodities to
International markets. Among them we can find: Billets Hot Rolled Coil Galvanized Coil Cobble Plate HR Plate Assorted & Unassorted Carbide Inserts The company imports, but the owner of the company refused to tell our
agent from where. |
|
|
Sales are: |
||
|
|
Wholesale |
|
|
Operations area: |
||
|
|
National, International |
|
|
The company export to Worldwide, depending on demand. |
||
|
The subject employs Less than 10. employee(s) |
||
|
Comments on staff: |
||
|
|
This information was not verified by the person interviewed. |
|
|
PAYMENTS |
||
|
|
regular |
|
|
LOCATION |
||
|
Headquarters |
||
|
|
588 Miller Way, Milton, ON L9T 6G4, Canada. |
|
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
||
|
|
NO |
|
|
Shareholders Parent Company(ies): |
||
|
|
Mr Sahid Tufail appears to be the major shareholder of the company. He did not want to confirm this information. |
|
|
Management: |
||
|
|
Mr Shahid Tufail is the company's President. |
|
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not
publish any financial statements. |
|
|
We have contacted Shahid Tufail who
refused to provide us any financial data on grounds of confidentiality. |
|
|
Comments on the financial data: Our sources
provided us with the information that the subject\'s annual revenues would
not exceed USD 2,200,000.- |
|
|
Legal Fillings |
|
|
The
sources consulted record no detrimental legal or labor court information. |
Rating
|
Local credit bureau gave a Correct credit
rate. |
||
|
Final Opinion |
||
|
|
The company is a small sized trader of steel products established in
Canada. The company seems to have regular payment periods. According to our sources, the subject would have increased its staff
from 2 to around 10 persons in its 4 years of experience. A credit line may be considered for USD 25,000.- |
|
SUMMARY
|
|
|
|||
|
Profitability |
N.A. |
Public |
NO |
|
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
|
Cash |
NORMAL |
|
|
|
APPENDIX
|
Person Interviewed |
||
|
|
Shahid Tufail. |
|
|
Position |
||
|
|
Owner and President. |
|
|
Comments |
||
|
|
The person interviewed refused giving our agents any kind of
information on grounds of confidentiality. He only confirmed that he was the president of the company. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.36 |
|
UK Pound |
1 |
Rs.82.51 |
|
Euro |
1 |
Rs.68.99 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.