MIRA INFORM REPORT

 

 

Report Date :           

19.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ASTLETT RUBBER INC

 

 

Formerly Known As :

H.A. ASTLETT & CO. INC.

 

 

Registered Office :

277 Lakeshore Rd E Suite 205, Oakville, Ontario L6J 1H9

 

 

Country :

Canada

 

 

Date of Incorporation :

07.08.1980

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Industrial Raw Material Supplier

 

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 30,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – 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 - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 1.00 CAD = 0.977221 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

ASTLETT RUBBER INC

Legal Address

277 Lakeshore Rd E Suite 205, Oakville, Ontario L6J 1H9, Canada

 

Operative Address

277 Lakeshore Rd E Suite 205, Oakville, Ontario L6J 1H9, Canada (Headquarters)

Telephone:

+1 (905) 842-2700

ID :

310514

Fax:

+1 (905) 842-2701

Legal Form:

Corporation for Profit

Email:

customer@astlettrubber.com  

Registered in:

Canada

Website:

http://www.astlettrubber.com/

Date Created:

1885

Manager:

Jack Jagt,  President

Date Incorporated:

August 7th 1980

Staff:

6

Stock:

NA

 

 

Value:

NA

Activity:

Industrial raw material supplier.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

The company was created in 1885. It was incorporated for business as H. A. ASTLETT & CO. (CANADA) LTD. until November 28th, 1986. Then it changed its name to H.A. ASTLETT & CO. INC.. The current legal form remains the same since January 23rd, 2001.

 

 

PRINCIPAL ACTIVITY

 

Industrial raw material supplier.

Products/Services description:

 

The company offers the following products:

 

Rubber Materials

 

Natural Rubber

Specialty NR Grades

Synthetic Rubber

Carbon Black

Titanium Dioxide

Zinc Oxide

 

 

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry.

Suppliers:

 

Chalong Latex Industry Company Limited

Hyundai Petrochemical Co., Ltd.

Lee Rubber Ltd.

Tiong Huat Rubber Factory

Voronezhsynthezkauchuk

Among others

Operations area:

 

National, International

The company imports from South East Asia, mainly.

The company export to USA and Latin America

The subject employs 6 employee(s)

PAYMENTS

 

made on a 30 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquatered at 277 Lakeshore Rd E Suite 205, Oakville, Ontario L6J 1H9, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. The main shareholder is Jack Jagt.

Management:

 

Jack Jagt,  President

George G. Thorne, Director

Gregory Aren Jagt, Director

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Greg Jagt, VP Sales, who 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.

Comments on the financial data: As of today, ASTLETT RUBBER INC’s 2010 numerical financial figures were neither released nor revealed to our sources.

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

 

The subject is a small sized Canadian company as it currently has a staff of 6 employees.

 

It started to operate in 1885. Therefore, it has more than 125 years of experience.

 

ASTLETT RUBBER INC is a member of the Rubber Manufacturers Association (Washington D.C.), the International Rubber Association, and the Singapore Commodity Exchange. This means that the company follows those rules and regulations, which guarantees clear transactions.

 

The company is currently in the process of obtaining registration under ISO 9001:2000.

 

There is current payment experience.

 

No specific adverse record has been found on the subject.

 

Credit line may be considered for USD 30,000-.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Greg Jagt

Position

 

VP Sales

Comments

 

We have contacted this person at the company's who provided us the following data:

 

Address

Phone

Employees

Banks

Payments to suppliers

President

Shareholders

Creation dates

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.97

Euro

1

Rs.68.26

 

 

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.