MIRA INFORM REPORT

 

 

Report Date :           

03.11.2011

 

IDENTIFICATION DETAILS

 

Name :

J IRIZAR & COMPANY LTD

 

 

Registered Office :

412 Oak Wood Drive Edmonton AB T6P 0B2

 

 

Country :

Canada

 

 

Year of Establishment :

1999

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Welding positioning, plate bending, and tank lifting jack equipment

 

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 5,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

To be monitored

 

 

Litigation :

---

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

GEOPOLITICS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD = 98.4891 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

J IRIZAR & COMPANY LTD

Legal Address

412 Oak Wood Drive Edmonton AB T6P 0B2, Canada.

Operative Address

412 Oak Wood Drive Edmonton AB T6P 0B2, Canada.

Mailing Address

3123 - 43 Ave Edmonton, Alberta T6T 1C7, Canada.

Telephone:

+1 (780) 450-6695

ID :

NA

Fax:

+1 (780) 485-6677

Legal Form:

Limited Company

Email:

jirizar@jirizar.com

Registered in:

Canada

Website:

www.jirizar.com

Date Created:

1999

Manager:

John Irizar, President

Date Incorporated:

NA

Staff:

2

Stock:

NA

 

 

Value:

NA

Activity:

Welding positioning, plate bending, and tank lifting jack equipment.

 

 

BANKS

 

Name of the Bank

Royal Bank Of Canada

 

 

BUSINESS

 

HISTORY

 

The company was established in the year 1999.

PRINCIPAL ACTIVITY

 

The company is categorized under welding positioning, plate bending, and tank lifting jack equipment.

Products/Services description:

 

Tank Turning Rolls

Pipe Rotators

Fit Up Rolls

Manipulators

Positioners

Plate Bending Rolls

Seam Welders

Tank Welders

Tank Jacking Eqp

Rental

 

Among others.

Sales are:

 

Wholesale

Clients:

 

Various industries

Operations area:

 

National, International, Local

The company imports from Asia

The company export to Worldwide depending on the demand

The subject employs 2 employee(s)

PAYMENTS

 

To be monitored

LOCATION

Headquarters

 

The company is headquartered at 412 Oak Wood Drive Edmonton AB T6P 0B2, Canada.

Branches:

 

The company has a warehouse located at Range Road 235 and Township Road 464, County of Wetaskiwin AB 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:

 

John Irizar, President

Related Companies:

 

The company has a warehouse located at 5722 Clarewood, Houston, TX 77081, USA.

 

Moreover, it has a factory located at:

 

Hulu Road 8 #, Hudai Town

Binghu District, Wuxi City

Jiangsu Province, 214000 China

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have tried to contact the company, but we only got an answering machine.

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

280,000

The cash flow is

Normal

 

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 is a small sized company with 2 employees and 12 years of experience.

 

The subject has over eight thousand projects in more than sixty countries.

 

The structure has the ISO 9001:2000 certification which allows the subject to operate as an international supplier.

 

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

 

The income per employee i pretty fair for its size.

 

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

 

Payments need to be monitored.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

TO BE MONITORED

Cash

NORMAL

 

 

 



APPENDIX

 

Comments

 

We have tried to contact the company; However we only got a general voice mail. Our agent left a message but we didn't get an answer yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.78.73

Euro

1

Rs.67.64

 

 

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

----

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%)

 

 

 

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.