MIRA INFORM REPORT

 

Report Date :           

09.03.2011

 

IDENTIFICATION DETAILS

 

Name :

BOSCUS CANADA INC

 

 

Registered Office :

900 Ave Selkirk, Pointe-Claire, PQ, H9R 3S3

 

 

Country :

Canada

 

 

Year of Establishment :

1981

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturer of lumber and related products

 

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 :

150,000 USD

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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: CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Boscus Canada Inc

Address in the order:

900 Selkirk Avenue Pointe Clmre Quebec

Comment on data supplied :

The company’s correct address is listedbelow.

Legal Name:

Boscus Canada Inc

 

 

Legal Address

900 Ave Selkirk

Pointe-Claire, PQ

H9R 3S3, Canada

 

 

Telephone:

+ 1 (514) 694-9805

Document Number :

NA

Fax:

+ 1 (514) 694-9221

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Quebec

Website:

http://www.boscus.com

Date Created:

1981

Manager:

Dary Laflamme, President

Date Incorporated:

NA

Staff:

70 employees

Stock:

NA

 

 

Value:

NA

Activity:

Manufacturer of lumber and related products

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Boscus Canada Inc is a private company located in Canada.

 

The subject is working as a wholesaler.

 

The company specializes in the lumber business.

 

Founded in 1981, Boscus Canada Inc. is a well-established organization operating in the lumber industry as a wholesaler, distributor, and international broker.

 

The company is one of the most experienced and largest organizations of this type in Canada, marketing a large variety of softwood and hardwood products to major users in Canada, the United States, and abroad.

 

In addition to the vast expertise, the company also carries a huge inventory and a large range of products.

 

 

Boscus Canada Inc. is a member of the "Groupe Boscus", a group of sister companies. The other members include:

 

Produits Forestiers Berscifor Inc.

Spruce-Pine-Fir sawmill, located in the heart of the North-Eastern forest of Quebec, in Canada. This northern region forest consists mainly in black spruce, renowned for its long fibers, strength and straightness making it easy to work with.

 

Bospec Fabrications Inc.

Located in Delson, PQ, Bospec Fabrication produces lattices and garden furniture.

 

Rembos Inc.

This production unit is located in Brantford, ON and specializes in the production of precision end-trimmed studs and truss components.

 

Lac Express Inc.

This transportation company is located in Pointe-Claire, PQ. It owns bi-trains and four-axels flatbed trailers. It's mostly active in Quebec, Ontario, and Michigan.

 

Maxibois Inc. is a North American lumber & engineered wood product wholesale-distributor.

San Lumber

 

 

Mantrex

 

Sales are:

 

Wholesale

Operations area:

 

National, International

The subject employs 70 employee(s)

PAYMENTS

 

made on a 45 days basis - monitored over the last 12 months

Comments on location:

 

The company has other locations in Canada including:

 

Ontario Office:

Rembos Inc.

 

185 king Georges Rd.

Brantford, On

N3R 7X3

Phone: (519) 770-1207

Fax: (519) 770-3473

 

 

 

Vancouver(Surrey) Office:

ST Wood Inc.

 

16211 84th Ave

Surrey, BC

V4N 1B3

Phone: (778) 578-1411

docs@stwoodproducts.com

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Boscus Canada Inc. is a member of the "Groupe Boscus".

Management:

 

Dary Laflamme, President.

 

Related Companies:

 

 

 

Produits Forestiers Berscifor Inc.

 

 

Bospec Fabrications Inc.

 

Rembos Inc.

Lac Express Inc.

 

 

Maxibois Inc.

 

Mantrex

 



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.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

CAD

2009

Turnover

8,550,000

Operating Income

177,000

Net Income

88,000

Net worth

1,500,000

Bank liabilities

450,000

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 not in Good Standing. This means that some local and federal taxes were not paid on due date.

 

 

 Final Opinion

 

This is an established company.

 

The business' income is fair for the company's size.

 

The structure has enough cash to fulfill current obligation.

 

Its length of payment appears regular with a controlled debt level.

 

The entity can bear a credit line.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

ADVISED CREDIT

150,000 USD

 

APPENDIX

 

Comments

 

We were unable to speak with the staff.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.03

UK Pound

1

Rs.72.98

Euro

1

Rs.62.94

 

 

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

 

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.