MIRA INFORM REPORT

 

 

Report Date :

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

BRABER EQUIPMENT LTD

 

 

Registered Office :

1264 Riverside Road, Abbotsford, BC V2S 7P3

 

 

Country :

Canada

 

 

Date of Incorporation :

18.05.1972

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesales farm machinery and equipment

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 160,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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: 100.00 USD  = 97.6584 CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Braber Equipment Ltd

Legal Address

1264 Riverside Road, Abbotsford, BC V2S 7P3, Canada

Operative Address

1264 Riverside Road, Abbotsford, BC V2S 7P3, Canada

Telephone:

+ 1 (604) 850-7770

Document Number :

BC-0000109100

Fax:

+ 1 (604) 850-7774

Legal Form:

Limited Company

Email:

martinh@begroup.cc

Registered in:

British Columbia

Website:

www.begroup.cc

Date Created:

1972

Manager:

Nick Braber, President

Date Incorporated:

May 18th, 1972

Staff:

40 employees

Stock:

NA

 

 

Value:

NA

Activity:

Wholesales farm machinery and equipment

 

 

BANKS

 

Name of the Bank

HSBC Bank Canada

 

BUSINESS

 

HISTORY

 

The company which started in 1972 is very well established.

 

PRINCIPAL ACTIVITY

 

The subject is a medium company with main target market in North America.

 

The subject is evolving in a pretty stable sector.

Sales are:

 

Wholesale

Clients:

 

Various industries

Operations area:

 

National, International, Local

The company does not import

The company export to US

Competitors:

 

Douglas Lake Cattle Company

7430 Holdings Ltd

Noble Tractor And Equipment Ltd

Dragon Mountain Farm

Huber Farm Equipment Ltd

The subject employs 40 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 1264 Riverside Road Abbotsford BC V2S 7P3 Canada.

Branches:

 

There were no branches found for this company.

 



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is privately held and has Nick Braber as the main shareholder.

Management:

 

Nick Braber, President,

Martin Houweling, Director.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company. However we only got an answering machine. We left a message though we didn't get an answer yet.

However our financial sources could provide us with the following data (estimates exceptionally provided in USD):

Currency

DATE

 

USD

2010

 

Turnover

9,670,000

 

 

Currency

DATE

USD

2009

Turnover

12,140,000




 




Currency

DATE

USD

2008

Turnover

11,900,000

 

 

Legal Fillings

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

 

 

 

 Rating

 

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.

 

 

 Final Opinion

 

This is a medium sized company with 40 employees and 39 years of experience.

 

There were no legal filings found against the company or its legal representatives.

 

We've contacted the company but only got an answering machine.

 

Our financial sources provided us with the figures for the year 2010.

 

The company's revenue decreased on a 20% for the year 2010 compared to the year 2009.

 

The company gave a correct profitability for the year 2010.

 

A credit line may be considered for USD 160,000

 



SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 



APPENDIX

 

Comments

 

We have contacted the company. However we only got an answering machine. We left a message though we didn't get an answer yet.

 

 

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.