MIRA INFORM REPORT

 

 

Report Date :

13.04.2012

 

IDENTIFICATION DETAILS

 

Name :

COLD VULCANIZING SYSTEMS (CVS) INC

 

 

 

 

Registered Office :

10600 Ave Ethier Montreal-Nord QC H1H 0A2

 

 

 

 

Country :

Canada

 

 

 

 

Date of Incorporation :

03.03.2000

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Wholesale Crude Rubber

 

 

 

 

No. of Employees :

15

 

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

COLD VULCANIZING SYSTEMS (CVS) INC

Trade Name:

CVS

Legal Address

10600 AVE ETHIER

MONTREAL-NORD QC H1H 0A2

Canada

 

 

Telephone:

514-324-0332

ID :

3736385

Fax:

514-324-7610

Legal Form:

Corporation for Profit

Email:

info@courroiescvs.com

Registered in:

Canada

Website:

http://www.courroiescvs.com

Date Created:

2000

Manager:

Daniel Levesque, President & Board Member

Date Incorporated:

March 3rd 2000

Staff:

15

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Wholesale Crude Rubber

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was established in Canada (2000)

PRINCIPAL ACTIVITY

 

COLD VULCANIZING SYSTEMS (CVS) INC, is a company that is active in the conveyor belt and associated products industry. They are the exclusive distributor of LEGG conveyor belts, TRS rubber and adhesive products, Bulldog primary cleaners, Crescent secondary cleaners and other JCP Belting Components products, also a distributor of Sandvik troughing idlers.

Products/Services description:

 

Their products includes:

 

-Belting

 

-Conveyor Components

 

-Rubber

 

-Repair Materiel

 

 

Sales are:

 

Wholesale

Clients:

 

Companies involved into the business.

Suppliers:

 

No 1 Andrew Str Muping Economic Development Zone Yantai China

Operations area:

 

National, Local

The company imports from China

The subject employs 15 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

10600 AVE ETHIER

MONTREAL-NORD QC H1H 0A2

Canada

The property is:

 

Owned

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The main shareholders are:

 

-Mr. Daniel Lιvesque

 

-Mr. Stιphane Lachapelle

Management:

 

Michel Desmarteau

Quebec, Montreal, Montreal North

Director

 

Stιphane Lachapelle

Quebec, Montreal, Montreal North

Director

 

Daniel Levesque

Quebec, Montreal, Riviθre-des-Prairies

Director

Related Companies:

 

Sandvik Mining

 

World Trade Center

Tower C, 15th floor

Strawinskylaan 1545

1077 XX Amsterdam, Netherlands

Phone: +46 220 22180

info.mining@sandvik.com

 

JCP BELT.

 

3300 Mainway Drive

Burlington, Ontario L7M 1A7

CANADA

PH:   (905) 336-7193

FAX: (905) 336-7832

jsmith@jcpbeltcomponents.com

 

LEGG

 

325 E. 10th St. Halstead KS. 67056   

800-835-1003    Fax 316-835-3218

(rmarler@leggco.com) Alternate Contact

 

 

 

 

 

 

 

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

We have contacted the controller 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.

 

 

Currency

DATE

 

USD

2010

 

Turnover

1,500,000

 

The cash flow is

NORMAL

 

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.



Rating

 

Local credit bureau gave a Normal credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

-The company has 12 years of experience in the market.

 

-This is a small size company with 15 employees, but it is a well known company in the area.

 

-We beleive that this company is growing according with the experience and the market, we expect that the revenue for 2011 would be higher than 2010.

 

-We did not find any negative record or information about the company.

 

-A credi line may be considered for USD 30,000



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Comments

 

We have contacted the company controller who confirmed and provide most of the information.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.44

UK Pound

1

Rs.81.96

Euro

1

Rs.67.60

 

 

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.