MIRA INFORM REPORT
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Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BROADGRAIN COMMODITIES INC |
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Registered Office : |
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Country : |
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Year of Establishment : |
2003 |
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Legal Form : |
Private Company |
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Line of Business : |
The company is involved in trading and transporting of grains |
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No. of Employees
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27 (not verified) |
RATING & COMMENTS
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MIRAs 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 : |
USD 1 000 000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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: 1.00 USD = 0.991500 CAD |
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Legal Name: |
BroadGrain Commodities Inc |
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Legal Address |
18 King St. East, Suite 900, Toronto, Ontario, CANADA, M5C 1C4 |
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Telephone: |
+1 (416) 504-0070 |
ID: : |
N/A |
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Fax: |
+1 (416) 504-0080 |
Legal Form: |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
2003 |
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Manager: |
N/A |
Date Incorporated: |
N/A |
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Staff: |
27 (not verified) |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
The company is involved in trading and transporting of grains. |
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Name of the Bank |
Royal Bank of Canada |
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HISTORY |
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The subject was founded in 2003. Press release: (September 29, 2011) BroadGrain Commodities Inc. acquires 100% of the shares of Lakeside Global
Grains Inc. |
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PRINCIPAL ACTIVITY |
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The company is involved in trading and transporting of grains. |
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Sales are: |
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Wholesale |
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The company exports to United States. |
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The subject employs 27 (not verified) employee(s) |
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Comments on staff: |
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At this time, the number of employees was neither revealed nor
released to our sources. |
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LOCATION |
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Headquarters |
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18 King St E, Suite 900, Toronto, Ontario, M5C 1C4, Canada. |
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Branches: |
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Stratford Office: (Domestic Operations Trading) 61 Lorne Ave. East, Unit 5, Stratford, Ontario, CANADA, N5A 2N9 |
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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 company is privately held and the Qadoumi family would be the
owners. |
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Management: |
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- Ghazi Qadoumi, Chairman of the Board. - Zaid Qadoumi, President and Chief Executive Officer. - David Hanna, Vice President and Chief Financial Officer. - Brian Hazzard, Vice President, Domestic Operations. |
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Related Companies: |
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Ukraine Office: 4/6 A Patrisa Lumumby st., Office 208, Kiev. 01042.
Ukraine |
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As a private company the subject does not publish any financial
statements. |
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Despite our efforts, we couldnīt contact
the company to get financial information. |
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Comments on the financial data: The subject has
over $600 million CAD in annual revenue. |
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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 Correct 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 a medium sized company, that counts with around 27 employees
and more than 9 years of experience in the industry. The company operates in an unstable market. The subject seems to be well established in the market. The company seems to be in the good trend of growth. We estimate that the company can bear a line of credit of USD 1 000
000 |
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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Comments |
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Despite our efforts, we couldnīt contact the company to get further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.56 |
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UK Pound |
1 |
Rs.81.05 |
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Euro |
1 |
Rs.67.49 |
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 SCs 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.