MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
WEAVERS ART INC |
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Registered Office : |
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Country : |
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Year of Establishment : |
2003 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Exposition Trade Shows and Fairs |
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 50,000 |
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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: USD |
IDENTIFICATION
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Ordered as: |
Wavers Art |
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Address in the order: |
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Legal Name: |
Weavers Art Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (416) 929-7929 |
Registration Number : |
N/A |
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Fax: |
+1 (416) 923-4948 |
Legal Form: |
Corporation for Profit |
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Email: |
- |
Registered in: |
N/A |
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Website: |
Date Created: |
2003 |
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Manager: |
Michael Pourvakil, President |
Date Incorporated: |
- |
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Staff: |
49 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Exposition Trade Shows and Fairs |
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BANKS
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Name of the Bank |
Nova Scotia Art Bank |
BUSINESS
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HISTORY |
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This company was created in the year 2003. |
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PRINCIPAL ACTIVITY |
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The subject company operates as a supplier of fine hand-woven area carpets
to Architects and Interior Designers; Most of the products are showed through
exposition Trade Shows and Fairs. |
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Brands: |
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Tibetan Collection Classic collection Aubusson collection |
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Clients: |
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Prince William County Fair Stark County Fair and Various industries. |
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The company imports from ran, |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at 348 |
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Branches: |
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It has two different showrooms located in: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Michael Pourvakil, President & Board Member |
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 contacted a representative, who refused to provide us any financial
data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
3,410,000 |
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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 Correct 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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This company has been in business for 8 years.
Including its showrooms, this company has 49 employees which makes it a
medium sized company. There were no legal filings found against
the company or its legal representatives. A credit line may be considered for USD
50,000 |
SUMMARY
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Profitability |
CORRECT |
Public
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NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Female representative |
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Comments |
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Refused to provide us with information due to confidentiality reasons. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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.