MIRA INFORM REPORT

 

 

Report Date :

29.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CRESCENT COMMERCIAL CORPORATION

 

 

Registered Office :

5430 Royalmount, Montreal, QC, H4P 1H7

 

 

Country :

Canada

 

 

Date of Incorporation :

22.12.1992

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Appraisers

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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:

CRESCENT COMMERCIAL CORPORATION

Trade Name:

C3

Legal Address

5430 ROYALMOUNT,

MONTREAL, QC,

H4P 1H7,

CANADA

 

 

 

Telephone:

+ 1 (514) 739-3355

Document Number :

1147310339

Fax:

+ 1 (514) 242-7874

Legal Form:

Corporation for Profit

Email:

info@crescentauctions.com

Registered in:

QUEBEC

Website:

http://www.crescentauctions.com/company_info/fs_crescent_corp_info.htm?http%3A//www.crescentauctions.com

Date Created:

December 22, 1992

Manager:

KISBER STEPHEN , President

Date Incorporated:

December 9, 1997

Staff:

5-35 employees

Stock:

NA

 

 

Value:

NA

Activity:

Appraisers

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

CRESCENT COMMERCIAL CORPORATION is a private company located in QUEBEC.

 

The company has years of experience.

 

The company services include auctions, liquidations, salvage and Appraisals.

 

They assist ailing companies in restructuring their assets or, in severe cases, to liquidate those assets on behalf of creditors.

 

Crescent has been involved in commercial transactions in such diverse fields as metal fabrication, knitting, electronics, food, furniture, household equipment, sewing and transportation equipment.

 

The company's main business partners are banks and trustees.

 

Crescent Commercial Corporation, part of the Kisber Group of companies.

 

 

Operations area:

 

International

Trade References:

 

We were unable to confirm the trade references.

PAYMENTS

 

To be monitored.

Comments on location:

 

The company has another location in the US:

 

340 - 1010 Northern Blvd.

Great Neck, NY 11021,

USA

 

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

CENTRE D'AFFAIRES 1000 INC. - Main Shareholder

5430 Royal Mount Avenue, Montreal, Quebec,  H4P 1H7, Canada

 

The company is part of the part of the Kisber Group.

Management:

 

Stephen Kisber, President

 

Jasen Kisber, Director of Business Development

 

Lisa Kisber, Director of Strategic Planning

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

However our financial sources could provide us with the following data (estimates):

 

The company is believed to have remained in the same range of income. The staff was completely unwilling to confirm any financial information.

 

Currency

DATE

 

USD

2008

 

Turnover

2,800,000

 

Operating Income

75,000

 

Net Income

46,000

 

Net worth

350,000

 

Bank liabilities

50,000

 

The cash flow is

Normal

 



Legal Fillings

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

 

 

The company's 2008 annual report was filed on May 14, 2009.

 

 

 

 

Rating

 

Local credit bureau gave a balanced 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 well established business.

 

The structure is in business but the staff was not cooperative during the interview.

 

The company's length of payment must be followed.

 

In addition, the structure has not been filing its annual report for the past two years.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

MEDIUM

Public

NO

 

Indebtedness

CONTROLLED

Payments

TO BE MONITORED

 

Cash

MEDIUM

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Pat

Position

 

Member

Comments

 

Required the name of the final inquiring party to cooperate.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.12

UK Pound

1

Rs.72.05

Euro

1

Rs.63.33

 

 

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.