MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
TERRAMAR INC |
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Registered Office : |
7305 Marie Victorin Suite # 130 Brossard, Quebec,
J4W IA6 |
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Country : |
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Date of Incorporation : |
Since 10 years |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Tile and ceramic and related floor covering Distributor |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: CAD |
IDENTIFICATION
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Ordered as: |
Terramar Inc |
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Address in the order: |
3500 Boul. Matte Local 218 |
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Legal Name: |
Terramar Inc |
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Legal Address |
7305 Marie Victorin Suite #
130 Brossard, Quebec, J4W IA6, Canada |
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Telephone: |
+1 (450) 671 4111 |
Document Number : |
NA |
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Fax: |
+1 (450) 465 0127 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
10 years |
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Manager: |
NA |
Date Incorporated: |
NA |
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Staff: |
3 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Tile and ceramic and related floor covering Distributor |
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BANKS
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Name of the Bank |
Royal Bank of |
BUSINESS
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PRINCIPAL ACTIVITY |
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Terramar Inc is a private company categorized under
Tile-Ceramic-Distributors and located in The structure is also offering carpets and medallions. The company is working in a struggling sector. This is a small business established in the industry. The structure has international business partners. We tried to call the company without being able to speak with the
staff. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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The trade references were confirmed with the staff. |
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The subject employs 3 employee(s) |
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PAYMENTS |
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regular |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company's shareholders were not confirmed with the staff. |
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Management: |
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Dean Argir Cidrof, President. |
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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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 (Exceptionally). |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
5,437,186 |
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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 medium 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 company presents income above average.
This impacts our rating. We did not find any specific adverse
record against the subject. The structure is profitable. The entity can bear a credit line. A business connection can be conducted. Because of the company’s sector of
activity, we suggest monitoring on the business. |
SUMMARY
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We were not able to speak with the staff. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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 |
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.