MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Name : |
TAJ PERSIAN RUGS INC |
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Registered Office : |
8400 Woodbine Avenue In
The Furniture Mall Markham, ON L3R 4N7 |
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Country : |
Canada |
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Year of Establishment : |
1978 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Carpets Distribution |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 - 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: |
Taj Rugs And Home |
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Address in the order: |
8400 Woodbine Avenue In
The Furniture Mall Markham, ON L3R 4N7 |
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Legal Name: |
TAJ PERSIAN RUGS INC
(requested as Taj Rugs And Home) |
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Trade Name: |
Taj Rugs And Home |
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Legal Address |
8400 Woodbine Avenue In The
Furniture Mall Markham, ON L3R 4N7 |
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Telephone: |
905-643-6005 |
ID : |
NA |
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Fax: |
905-643-6005 |
Legal Form: |
Corporation for Profit |
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Email: |
info@tajrugs.com |
Registered in: |
Canada |
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Website: |
http://www.tajrugs.com |
Date Created: |
1978 |
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Manager: |
PUNAM KAPOOR, PRESIDENT |
Date Incorporated: |
NA |
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Staff: |
Less than 5 people |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Carpets distribution |
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BANKS
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Name of the Bank |
BANK OF NOVA SCOTIA |
BUSINESS
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HISTORY |
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The company was created
in 1978 |
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PRINCIPAL ACTIVITY |
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Carpets distribution |
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Products/Services description: |
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Custom Rugs & Carpets |
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Sales are: |
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Retail |
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Clients: |
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General clientele |
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Operations area: |
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National |
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The company imports from India |
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The subject employs Less
than 5 people employee(s) |
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LOCATION |
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Headquarters |
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8400 Woodbine Avenue In
The Furniture Mall Markham, ON L3R 4N7 |
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Comments on location: |
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Headquarters |
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Branches: |
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The company operates with
other 3 locations |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private. The main
shareholder is PUNAM KAPOOR |
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Management: |
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PUNAM KAPOOR, PRESIDENT VINOD KAPOOR, VICE
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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We have contacted the
company, who refused to provide us any financial data without knowing the
name of the inquiring party. |
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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 |
400,000 |
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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 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 is a small sized Canadian company, which employs less than 5
people and has 33 years of experience in the market. The company maintains a bank account with a high profiled entity. A credit line may be considered for USD 5,000 |
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 contacted the company,
who refused to provide us any financial data without knowing the name of the
inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.29 |
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UK Pound |
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.17 |
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.