MIRA INFORM REPORT

 

 

Report Date :           

30.03.2011

 

IDENTIFICATION DETAILS

 

Name :

PORTAONE, INC. (PORTAONE)

 

 

Registered Office :

2900 - 550 Burrard Street Vancouver BC V6C 0A3

 

 

Country :

Canada

 

 

Date of Incorporation :

11.07.2005

 

 

Com. Reg. No.:

4316118

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Creator of Software Solutions

 

 

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 5,000

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 – 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: 100 USD = 97 CAD
Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Portaone Inc

Address in the order:

Suite 408, 2963 Glen Drive Conquitlam, BC V3B, 2P7

Legal Name:

PortaOne, Inc. (PortaOne)

Trade Name:

PortaOne

Legal Address

2900 - 550 Burrard Street Vancouver BC V6C 0A3, Canada.

Operative Address

Suite 408, 2963 Glen Drive Coquitlam, BC, V3B 2P7, Canada

Telephone:

+1 (604) 628-2508

Registration Number :

4316118

Fax:

+1 (604) 628-2508

Legal Form:

Corporation for Profit

Email:

contact@portaone.com

Registered in:

British Columbia

Website:

www.portaone.com  

Date Created:

1997

Manager:

Oleksandr Kapitanenko, President

Date Incorporated:

July 11, 2005

Staff:

5

Stock:

NA

 

 

Value:

NA

Activity:

Creator of software solutions.

 

 

BUSINESS

 

HISTORY

 

The company was created in the year 1997.

PRINCIPAL ACTIVITY

 

The company is a global vendor of carrier grade Software for modern telecommunication service providers.

 

Products/Services description:

 

PortaBilling Oracularius

PortaSwitch Procinctus

PortaBilling

Sales are:

 

Wholesale

Clients:

 

Various Industries

Operations area:

 

National, International

The company does not import

The company export to Worldwide

Trade References:

 

The person contacted refused to provide the names of their suppliers for us to check the trade references.

The subject employs 5 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at Suite 408, 2963 Glen Drive Conquitlam, BC V3B, 2P7, Canada.

 

 

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:

 

Oleksandr Kapitanenko, President & CEO

Andriy Zhylenko, Chief Technical Officer

Roman Khalenkov, Sales and Marketing Director

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company but refused to provide us any financial data on grounds of confidentiality.

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

 469,504

 

 

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 incorporated for business for years; it has a staff of 5 employees which makes it a medium sized company.

 

There were no legal fillings found against the company or its legal representatives, which makes it a more reliable company.

 

Therefore, a credit line may be considered for USD 5,000.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Receptionist

Comments

 

We have successfully contacted the company. However, nobody took the call. We left a voicemail but we did not get any response yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.67

UK Pound

1

Rs.71.63

Euro

1

Rs.63.09

 

 

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.