MIRA INFORM REPORT
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Report Date : |
01.04.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERTRADE |
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Registered Office : |
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Country : |
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Year of Establishment : |
2009 |
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Legal Form : |
Not Available |
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Line of Business : |
Trading Company |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD =
98.0874 USD |
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Legal Name: |
INTERTRADE CANADA |
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Legal Address |
7170 Para Place, Mississauga, Ontario, Canada L5W 1L5. |
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Operative Address |
7170 Para Place, Mississauga, Ontario, Canada L5W 1L5. |
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Telephone: |
+1-647-227-1372 |
ID : |
N/A |
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Fax: |
+1-647-227-1372 |
Legal Form: |
N.A. |
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Email: |
Registered in: |
Canada |
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Website: |
N/A |
Date Created: |
2009 |
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Manager: |
Mr. Syad Raze, Owner. |
Date Incorporated: |
N/A |
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Staff: |
N/A |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Trading Company |
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HISTORY |
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The company has been operating since 2009. |
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PRINCIPAL ACTIVITY |
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Trading company. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Comments on staff: |
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The contacted person refused to provide information about the staff. |
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PAYMENTS |
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Unknown |
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LOCATION |
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Headquarters |
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The company is headquartered at: 7170 Para Place, Mississauga, Ontario, Canada L5W 1L5. |
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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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This is a private company. The main shareholder is Mr. Syad Raze. |
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Management: |
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Mr. Syad Raze, Owner. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Ms. Syad Raze, Owner,
who refused to provide us without knowing the name of the inquiring party. |
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Comments on the financial data: At this time,
we were not able to find financial information for the subject within our
sources. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
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Local credit bureau gave a LOW credit
rate. |
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Final Opinion |
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This seems to be a small sized Canadian
company that has been operating since 2009. We have spoken to the company's owner who
was reluctant to provide information about the company without knowing the
name of the inquiring party. According to our investigation, the
company has a very low profile in the industry and there is no enough
information in order to calculate the level of operations or the market reach
for the subject. However, we believe it to be very limited. We were not able to find legal, banking or
payment information for the subject either. We do not consider that the subject would
be able to apply for a credit line. Therefore, we suggest caution and working
with GUARANTEES. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
Unknown |
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Cash |
N.A. |
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Person Interviewed |
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Mr. Syad Raze |
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Position |
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Owner |
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Comments |
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The contacted person verified the company's name, creation date and
location. He also stated that he was the owner and manager, and provided an e-mail
address. However, he refused to provide any further information about the
company without knowing the name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.16 |
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UK Pound |
1 |
Rs.81.72 |
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Euro |
1 |
Rs.68.34 |
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.