MIRA INFORM REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ASHLIN BPG MARKETING |
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Registered Office : |
2351 Royal Windsor Drive Unit 10, Mississauga, Ontario L5J457 |
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Country : |
Canada |
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Year of Establishment : |
1989 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Distributor of leather goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
70,000 USD |
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Status : |
Satisfactory |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: CAD |
IDENTIFICATION
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Ordered as: |
BPG Marketing |
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Address in the order: |
2351 Royal Windsor Drive Unit 10 Mississauga Ontario L5J457 |
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Comments on data supplied: |
The correct company's name is listed below. |
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Legal Name: |
Ashlin BPG Marketing |
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Legal Address |
2351 Royal Windsor Drive Unit 10, Mississauga, Ontario L5J457, Canada |
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Telephone: |
+ 1 (905) 855-3027 |
Document Number : |
NA |
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Fax: |
+ 1 (905) 855-7752 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Ontario |
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Website: |
http://www.ashlinbpg.com/ |
Date Created: |
1989 |
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Manager: |
Ashok Kocshar, Owner |
Date Incorporated: |
NA |
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Staff: |
less than 5 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Distributor of leather goods |
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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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BPG Marketing was founded in 1989, in Oakville, Ontario , Canada. The
"ASHLIN" brand name was introduced during 1990. |
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Products/Services description: |
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Personal Leather goods ( PLG's ) Ladies organizer leather bags Soft sided briefcases Executive leather gifts Leather portfolios Leather agendas & planners Leather waist wallets ( fanny-packs ) Leather unisex bags The company also provides custom work. |
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Sales are: |
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Wholesale |
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Brands: |
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ASHLIN |
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Clients: |
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Retailers and distributors |
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Operations area: |
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National, International |
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Trade References: |
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The trade references were not confirmed with the staff. |
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PAYMENTS |
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regular |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Ashok Kocshar, Owner. |
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Management: |
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Ashok Kocshar, Officer. |
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 |
2010 |
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Turnover |
5,000,000-10,000,000 USD |
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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 medium 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's income is pretty
encouraging. This is an established structure. Our search did not reveal any specific adverse
record against the company. We suggest a credit line in the range of
70,000 USD. Because of the company's small size a
follow up on the entity to guarantee that it remains on a safe path is
required. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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The staff was supposed to all us back. They have not done it at this time. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.58 |
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 |
---- |
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.