MIRA INFORM REPORT
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Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
COMMERCE MARIAM INC. |
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Registered Office : |
6413 23e Avenue, Montreal, Quebec, H1T3N2 |
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Country : |
Canada |
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Date of Incorporation : |
15.04.2008 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importing Ceramic Floor Tiles from China |
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 : |
Unknown |
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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 USD = 77 EUR |
IDENTIFICATION
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Ordered as: |
Mariam Trading INC |
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Address in the order: |
6413 23RD AV. Montreal Hit 3N2 Monreal |
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Legal Name: |
COMMERCE MARIAM INC. |
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Trade Name: |
MARIAM TRADING INC. |
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Legal Address |
6413 23e Avenue, Montreal, Quebec, H1T3N2, Canada |
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Telephone: |
+ 1 (514) 385-6320 |
Document Number : |
1165107278 |
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Fax: |
+ 1 (514) 735-0381 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Quebec |
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Website: |
NA |
Date Created: |
NA |
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Manager: |
CHEMAKHI RIM, President |
Date Incorporated: |
April 15, 2008 |
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Staff: |
1-5employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Import-Export |
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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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COMMERCE MARIAM INC. is a private company located in Quebec. The company is also doing business as MARIAM TRADING INC. The structure is listed as working in the import-Export. According to the registration date the company is established. We called the entity. We were unable to speak with the staff. It appears that the company would have a related company bearing the
same name based in Bangalore India which started in the year 2005. They are
importing ceramic floor tiles from China… |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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The company's trade references were not confirmed with the staff. |
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PAYMENTS |
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To be monitored. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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CHEMAKHI RIM - Main Shareholder |
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Management: |
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CHEMAKHI RIM, 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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We did were not able to gather confirmed
financials on the business. |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. The 2010 annual report was filed on June
11, 2010. |
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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This is an established but small business. We would suggest monitoring for the length
of payment. We were not able to gather the company's
confirmed financials. We suggest guarantees for any credit line
or business relation at this time. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
N.A. |
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APPENDIX
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Comments |
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Answering machine. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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UK Pound |
1 |
Rs.63.57 |
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Euro |
1 |
Rs.72.97 |
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.