MIRA INFORM REPORT
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Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
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Name : |
T J FOODS IMPORTS |
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Registered Office : |
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Country : |
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Year of Establishment : |
2007 |
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Legal Form : |
Corporation Not for Profit |
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Line of Business : |
Foods Importer |
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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Maximum Credit Limit : |
10,000 USD |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: USD |
IDENTIFICATION
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Ordered as: |
T J Foods Imports |
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Address in the order: |
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Legal Name: |
T J Foods Imports |
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Legal Address |
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Telephone: |
+1 (647) 896-74 05 |
Document Number : |
NA |
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Fax: |
+1 (888) 267-19 91 |
Legal Form: |
Corporation Not for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
2007 |
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Manager: |
Muhammad Javed Khan, President |
Date Incorporated: |
2007 |
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Staff: |
05 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Foods Importer |
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BUSINESS
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HISTORY |
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A T J Foods import is a private company based in |
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PRINCIPAL ACTIVITY |
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A T J Foods import is a rice company which import basmati rice in The company has rice their own brands and they are supplying in major
private labels in |
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Products/Services description: |
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The company imports a huge portfolio of food products. Mostly rice |
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Sales are: |
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Wholesale |
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Clients: |
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They are also supplying to major wholesalers of North American
markets. |
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Operations area: |
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National, International |
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The company imports from |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 05 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Muhammad Javed Khan is the company's main shareholder |
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Management: |
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Muhammad Javed Khan, 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. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
600,000 |
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The cash flow is |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
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 very small company with a few
years in the business. The company's turnover can be considered
fair for the company's size. The profitability is correct, the debt
level is controlled. At this time, we believe that the company
can bear a small credit line in the range of 10,000 USD |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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President |
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Comments |
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He was able to confirm us all the information included in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.11 |
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1 |
Rs.72.91 |
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Euro |
1 |
Rs.62.56 |
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 |
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.