MIRA INFORM REPORT

 

 

Report Date :

25.04.2012

 

IDENTIFICATION DETAILS

 

Name :

QUEST INTERNATIONAL TRADING

 

 

 

 

Registered Office :

Bureau 210 G2k 2a2 5300, Boulevard Des Galeries Quebec

 

 

 

 

Country :

Canada

 

 

 

 

Date of Incorporation :

14.02.2008

 

 

 

 

Com. Reg. No.:

1164977671 

 

 

 

 

Legal Form :

Societe Anonyme

 

 

 

 

Line of Business :

Holding Company

 

 

 

 

No. of Employees :

01

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

30,000 USD

Status :

Small Company

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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

QUEST INTERNATIONAL TRADING

Trade Name:

IMPORT-EXPORT QUEST INTERNATIONAL S.A.

Legal Address

BUREAU 210

G2K 2A2

5300, BOULEVARD DES GALERIES

QUEBEC, CANADA

 

 

Telephone:

+ 1 (418) 266-8544

Registration Number :

1164977671 

Fax:

N.A.

Legal Form:

Societe Anonyme

Email:

N.A.

Registered in:

Quebec

Website:

N.A.

Date Created:

February 14, 2008

Manager:

PIRES JULIO - Administrator

Date Incorporated:

February 18, 2008

Staff:

1 employee

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Holding company

 

 

BANKS

 

Name of the Bank

BANK OF MONTREAL

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The company is listed as an holding company.

 

 

 

 

We called the company and spoke with a Secretary who confirmed all the information.

 

 

Operations area:

 

National, International

Trade References:

 

The trade references have not been confirmed with the staff.

The subject employs 1 employee(s)

PAYMENTS

 

made on a 0 days basis - monitored over the last 12 months

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The major shareholder is:

 

STE-FOY DU FLEUVE & O'BRIEN LTD

WILBURY WAY

HITCHIN SG4 0XE HERTS

ROYAUME-UNI

 

Management:

 

 

PIRES JULIO, Director.

NARCISO VITOR, Director.

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

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

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

 

CAD

2009

 

Turnover

46,000

 

Operating Income

569,000

 

Net Income

540,000

 

Net worth

3,000,000

 

Bank liabilities

0

 

The cash flow is

Good

 

 

Comments on the financial data: As a private company, the subject does not publish any financial statements.

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a encouraging credit rate.

 

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

 

 

 Final Opinion

 

This is an established company with a good length of payment.

 

The structure has equity and no bank liabilities.

 

This holding has a very positive reputation with the financial institutions.

 

They indicate that the structure has more than enough cash to fulfill current obligations.

 

This positively impacts our rating.

 

Considering the business' size we would advise a credit line in the range of 30,000 USD

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

GOOD

 

 

 

 

 

APPENDIX

 

Comments

 

we spoke to a secretary who confirmed all the information in the report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.79

UK Pound

1

Rs.85.17

Euro

1

Rs.69.53

 

 

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.