MIRA INFORM REPORT

 

 

Report Date :

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

AGRI IMPEX INC.

 

 

Registered Office :

66 New Port Street Brampton ONT L6S 457

 

 

Country :

Canada

 

 

Year of Establishment :

2003

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Farm equipment manufacturing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Very Small Company

 

 

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:

AGRI IMPEX INC.

 

 

Legal Address

66 New Port Street Brampton ONT L6S 457 Canada

Operative Address

27 Louvre Cir, Brampton, ON L6P 1W2, Canada

Telephone:

416-855-3004

ID :

NA

Fax:

416-855-3004

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Canada

Website:

http://www.agriimpexinc.com

Date Created:

2003

Manager:

Amarjeet Singh, President

Date Incorporated:

NA

Staff:

2

Stock:

NA

 

 

Value:

NA

Activity:

Farm equipment manufacturing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

HISTORY

 

The company was created in 2003

PRINCIPAL ACTIVITY

 

Farm equipment manufacturing

Products/Services description:

 

Agri Impex Inc. is a representative of Asian manufactureres of farm equipment.

 

Products offered: Disc blades,Castings,Tillage Equipments,Tractor & Engine parts 

Sales are:

 

Wholesale

Operations area:

 

National, International

The subject employs 2 employee(s)

LOCATION

Headquarters

 

66 New Port Street Brampton ONT L6S 457 Canada

Comments on location:

 

Headquarters

Branches:

 

27 Louvre Cir, Brampton, ON L6P 1W2, Canada

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a private company. Ashok Rajpal is the main shareholder.

Management:

 

Ashok Rajpal, President

MOHANJIT DHOOT, Vice President

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have reach the voice mail of hte company, in which we left a message. As far as today, the call was not yet been returned.

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.

Currency

DATE

 

CAD

2010

 

Turnover

296,220

 

The cash flow is

NORMAL

 

 

 

Legal Fillings

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

 




 Rating

 

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.

 

 

 Final Opinion

 

This is a small sized Canadian company, which employs 2 people and has 7 years of experience in the market.

 

They work as representatives of manufacturing facilities in Asia.

 

It is a small structure.

 

We couldn´t reach any representative in the commertial hours.

 

We suggest working with guarantees

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

N.A.

 

Cash

N.A.

 

 

 



APPENDIX

 

Comments

 

We have reach the voice mail of hte company, in which we left a message. As far as today, the call was not yet been returned.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.73.46

Euro

1

Rs.64.58

 

 

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.