MIRA INFORM REPORT

 

 

Report Date :           

16.03.2011

 

IDENTIFICATION DETAILS

 

Name :

CONICKEL INC

 

 

Registered Office :

2 Carlton Street, Suite 603 Toronto, Ontario M5B 1J3.

 

 

Country :

Canada

 

 

Year of Establishment :

2006

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Chemicals and allied products manufacturing.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Small Company  

 

 

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: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Conickel Inc

Address in the order:

Carlton Stret, Suite 603 Toronto, Ontario M5B IJ3

Legal Name:

Conickel Inc

Legal Address

2 Carlton Street, Suite 603 Toronto, Ontario M5B 1J3.

Operative Address

2 Carlton Street, Suite 603 Toronto, Ontario M5B 1J3.

Telephone:

+1 (416) 586-0471

ID :

N/A

Fax:

+1 ( 416) 586-0457

Legal Form:

Corporation for Profit

Email:

-

Registered in:

Canada

Website:

-

Date Created:

2006

Manager:

Guido Guerrero, President

Date Incorporated:

-

Staff:

3

Stock:

N/A

 

 

Value:

N/A

Activity:

Chemicals and allied products manufacturing.

 

 

BANKS

 

Name of the Bank

National Bank of Canada

 

BUSINESS

 

HISTORY

 

This company was created in the year 2006.

PRINCIPAL ACTIVITY

 

The subject company is categorized under Ferroalloys, and  wholesale distribution of chemicals and allied products.

Products/Services description:

 

Chemicals

Nickel

Metals Sheet Wire Tubing

Sales are:

 

Wholesale

Clients:

 

Various industries.

The company does not import

Competitors:

 

Partners Metals Inc

Rolled Alloys-Canada, Inc

Mancar Mills International Inc

Millbank Materials Corp

Tri Province Enterprises (1984) Ltd

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 2 Carlton Street, Suite 603 Toronto, Ontario M5B 1J3.

Branches:

 

There were no branches found for this company.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Guido Guerrero, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted a female representative. She confirmed the address, she also told us that they worked with National Bank Of Canada, But then she wanted to know the exact name of the inquiring party, as we didn't have that information, she started yelling on us, and got upset and hang up on us without providing her name.

Our agent tried to call back, to get her name, and she said they didn't request for any credit, and dropped the call again

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

USD

2010

Turnover

1,341,440

 

 

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 company has been in business for 5 years. It has a staff of 3 employees which makes it a small sized company.

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

 

The company showed a correct profitability for the year 2010.

 

Therefore a credit line may be considered for USD 20,000



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Female Representative

Comments

 

She confirmed the address, she also told us that they worked with National Bank Of Canada, But then she wanted to know the exact name of the inquiring party, as we didn't have that information, she started yelling on us, and got upset and hang up on us without providing her name.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

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.