MIRA INFORM REPORT
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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Name : |
CANADIAN WOOD PRODUCTS MONTREAL INC |
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Registered Office : |
315-407 rue McGill, |
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Country : |
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Date of Incorporation : |
19.12.2008 |
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Legal Form : |
Foreign Diplomatic
Representation |
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Line of Business : |
distributor of lumber products |
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No. of Employees
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45 |
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 : |
USD 80 000 |
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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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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: USD |
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Legal Name: |
CANADIAN WOOD PRODUCTS MONTREAL INC |
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Legal Address |
315-407 rue McGill, |
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Telephone: |
+1 (514) 871-2120 / (866) 563-9663 |
Document Number : |
4494997 |
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Fax: |
+ 1 (514) 871-9316 |
Legal Form: |
Representação Diplomática Estrangeira |
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(Foreign Diplomatic Representation) |
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Email: |
Registered in: |
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Website: |
Date Created: |
2008 |
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Manager: |
BOISCLAIR PHILIPPE, President |
Date Incorporated: |
December, 19th 2008 |
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Staff: |
45 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Lumber broker. |
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Name of the Bank |
Royal Bank of |
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HISTORY |
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The company was founded in 2008. The staff indicated that the requested company has no further
affiliation with CANADIAN ENGINEERED WOOD PRODUCTS LTD (CEWP). The reason was not revealed. |
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PRINCIPAL ACTIVITY |
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The subject is a distributor of lumber products. Because of the recent separation from CANADIAN ENGINEERED WOOD
PRODUCTS LTD (CEWP) the business appear to be in mutation. This is a young structure according to the registration date. |
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Sales are: |
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Wholesale |
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Operations area: |
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International |
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The company exports to |
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Trade References: |
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The company's trade references were not confirmed with the staff. |
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The subject employs 45 employee(s) |
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Comments on staff: |
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The number of employees has been provided by the office manager. |
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PAYMENTS |
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made on a 10 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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315-407 rue McGill, |
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Branches: |
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- Sales Office: * * Quebec, 3350, De la Pérade street, Suite
101, Québec, QC, Canada, G1X 2L7 * * |
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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 privately held company and Boisclair
and L´abbe are the owners of the company. |
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Management: |
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- BOISCLAIR PHILIPPE, President. - L´ABBE CHRISTIAN, Vice President and Secretary. - Johanna, Office Manager. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Johanna, the office manager, who provided us with
the following data: The range of revenue is between 9 to 10 million. |
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The figures attached belongs to the volume of trade. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
52,400,000 |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
52,340,000 |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. The company\s last annual report was filed
on July 22, 2011. |
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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 small sized company, that counts
with 45 employees and less than 4 years in business. The company is active according to the
government of The company has worldwide business
partners. The financials figures shows that the
company is having a good performance. We estimate that the company can bear a
line of credit of USD 80 000. In addition, we suggest requesting a
monitoring report within the next 6-9 months to evaluate 2011 final results. |
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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Person Interviewed |
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Johanna. |
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Position |
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Office Manager. |
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Comments |
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The person interviewed gave us the following information: - Owner´s names. - Number of employees. - Revenue. - Trend Of Payments. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.