MIRA INFORM
REPORT
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Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
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Name : |
IMPERIAL TRADERS LTD. |
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Registered Office : |
140-12868 Clarke Pl, Richmond BC, V6V 2H1 |
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Country : |
Canada |
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Date of Incorporation : |
Since 20 years |
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Legal Form : |
Limited Company |
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Line of Business : |
Household Textile |
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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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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: CAD |
IDENTIFICATION
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Ordered as: |
Imperial Traders Ltd |
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Address in the order: |
68W 47th Ave., Vancouver B.C., Canada V5Y 2X8 |
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Legal Name: |
Imperial Traders Ltd. |
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Legal Address |
140-12868 Clarke Pl, Richmond BC, V6V 2H1, Canada |
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Telephone: |
+ 1 (604) 231-8011 |
Document Number : |
NA |
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Fax: |
+ 1 (604) 231-8045. |
Legal Form: |
Limited Company |
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Email: |
NA |
Registered in: |
British Columbia |
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Website: |
NA |
Date Created: |
20 years |
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Manager: |
Sukhlal S Malhi, President |
Date Incorporated: |
NA |
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Staff: |
3 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Household textile |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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PRINCIPAL ACTIVITY |
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Imperial Traders Ltd. is a private company located in Canada. The structure is listed as a household textile and product mills
company. The company is listed as a wholesaler. This is a small business with years of experience in the industry. The company has international business partners. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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The company's trade references were not confirmed with the staff. |
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The subject employs 3 employee(s) |
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PAYMENTS |
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To be monitored. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company's shareholders were not confirmed with the staff. |
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Management: |
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Sukhlal S Malhi, 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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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 (Exceptionally in USD). |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
710,900 |
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 company with experience in
the industry. The company's income is correct for the
business’ size. The subject is nevertheless evolving in an
industry in medium shape. We suggest monitoring for the length of
payment and a small credit line. We have to remember that the company’s
legal form does not allow any action against the owner’s personal assets in
case of failure. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We were unable to speak with the staff. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.93 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.64.21 |
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.