MIRA INFORM REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
TUCOM INC. |
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Registered Office : |
8800, Rue St-Jacques, Mirabel, Quebec, J7n 2b5 |
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Country : |
Canada |
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Date of Incorporation : |
21.09.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer and distributor of food products |
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 : |
Moderate |
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Payment
Behaviour : |
Slow |
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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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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: 100 CAD = 105 USD |
IDENTIFICATION
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Ordered as: |
Tucom Inc |
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Address in the order: |
8800 Rue St-Jacques Mirabel Quebec J7n 2b5 |
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Legal Name: |
TUCOM INC. |
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Trade Name: |
ALIMENTS IMPERIAL; IMPERIAL FOOD; C.H.O. AMERIQUE; C.H.O. AMERICA |
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Legal Address |
8800, RUE ST-JACQUES, MIRABEL, QUEBEC, J7N 2B5, CANADA |
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Telephone: |
+ 1 (450) 475-7373 |
Document Number : |
1148831226 |
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Fax: |
+ 1 (450) 475-6615 |
Legal Form: |
Corporation for Profit |
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Email: |
olivia@olio-verdi.com |
Registered in: |
QUEBEC |
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Website: |
http://olio-verdi.com |
Date Created: |
1999 |
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Manager: |
MOKNI SAMI, President |
Date Incorporated: |
09-21-1999 |
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Staff: |
9 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Importer and distributor of food products |
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BANKS
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Name of the Bank |
HSBC |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company commenced bottling operations in North America in September
1999 and today offers a wide range of Olive Oil Product Lines and formats
such as 100% extra virgin olive oil,100% pure olive oil, organic extra virgin
olive oil, organic canola, sunflower and soy oils. It also services the Food Producers Industry. They have the capability to package all
their product lines in either 18 Litre Pails, 208 Litre Drums or 1040 Litre Totes. |
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Sales are: |
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Wholesale |
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Clients: |
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Supermarkets, grocery stores, restaurants and other distributors. |
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Operations area: |
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National, International |
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The company imports from worldwide. |
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The company export to USA. |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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Competitors: |
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Riceland Foods, Inc. ConAgra Foods, Inc. Archer-Daniels-Midland Company Cargill, Incorporated |
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The subject employs 9 employee(s) |
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PAYMENTS |
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made on a 77 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered and single located at the above address. |
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Comments on location: |
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The bottling operation located in St-Augustin Mirabel, Quebec is a
Kosher Certified Plant. |
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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The company's main shareholder is WASA CORP.located at: 1220, NORTH MARKET STREET, APP. 806 WILMINGTON DELAWARE 19801 USA. |
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Management: |
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The company's directors are: MOKNI SAMI, president REKIK WAJIH, Administrator. |
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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CAD |
2008 |
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Turnover |
1,430,000 |
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Operating Income |
(32,000) |
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Net Income |
(42,000) |
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Net worth |
120,000 |
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Liabilities |
55,000 |
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The cash flow is |
low |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. The last annual report was filed on April
20, 2011. The company's status was changed for the
last time in February 2008. |
Rating
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Local credit bureau gave a low 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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The company has 12 years in the business. It is a small sized company, evolving in a
stable sector. Profitability is negative, indebtedness is
controlled, cash is low and payments are long. We did not find a specific adverse record
against the subject however the financial institutions gave a negative
opinion on the company. A credit line may only be considered with
guarantees. |
SUMMARY
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Profitability |
NEGATIVE |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
LONG |
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Cash |
LOW |
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APPENDIX
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Person Interviewed |
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The receptionist confirmed us some general information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.73.89 |
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Euro |
1 |
Rs.65.57 |
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.