MIRA INFORM REPORT

 

 

Report Date :           

25.04.2012

 

IDENTIFICATION DETAILS

 

Name :

VISION METALIZERS INC

 

 

Registered Office :

6145 Ordan Drive, Mississauga, Ontario, L5t 2c9  

 

 

Country :

Canada

 

 

Year of Establishment :

1995

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Electrical Machinery, Equipment, and Supplies

 

 

No. of Employees :

20

 

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 50,000

 

 

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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government:


Economic Risk:

Currency:

Branch Situation:

 

 

IDENTIFICATION

 

Legal Name:

Vision Metalizers Inc

 

 

Legal Address

6145 Ordan Drive

MISSISSAUGA, Ontario

L5T 2C9 (REGISTERED ADDRESS)

Operative Address

1- 6145 Ordan Drive,

Mississauga, Ontario, Canada

L5T 2C9

(HEADQUARTERS)

Telephone:

(905) 272-4044

ID :

234567088010

Fax:

(905) 362-0238

Legal Form:

Corporation for Profit

Email:

info@visionmetalizers.com 

Registered in:

Ontario, Canada

Website:

http://www.visionmetalizers.com

Date Created:

1995

Manager:

Shail Bhendri President & Board Member

Date Incorporated:

1995

Staff:

20

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Electrical Machinery, Equipment, and Supplies, NEC

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

 

BUSINESS

 

HISTORY

 

The company was established in Canada (1995)

PRINCIPAL ACTIVITY

 

Vision is a plastic moulding company and a recognized supplier of plastic components for surveillance and security devices to its customers around the globe.

Products/Services description:

 

-Safety security mirrors

 

-CCTV Camera housing

 

-Lighting

 

-Injection moulding.

Sales are:

 

Retail

Brands:

 

Vision Polymer

6145 Ordan Dr, Mississauga

Ontario L5T 2C9 Canada

Clients:

 

Public in general and companies with security needs.

Suppliers:

 

Vision Polymers Pvt., Ltd.,

Plot No 33 G I D C Industrial Area Near Laffans Chemicals Panoli G I D C Gujarat India

Operations area:

 

National, International, Local

The company imports from India

The subject employs 20 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

1- 6145 Ordan Drive,

Mississauga, Ontario, Canada

L5T 2C9

The property is:

 

Owned

Comments on location:

 

The company relocated itself to its present 30,000 sq. ft. LOCATED AT

1- 6145 Ordan Drive,

Mississauga, Ontario, Canada

L5T 2C9

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

We could not confirm the name of the shareholders, however according with our research we believed the main shareholders are:

-Mr. Shail Bhendri.

-Mukesh Patel

-Divyesh Bhandari

Management:

 

Shail Bhendri President & Board Member

Mukesh Patel, Finance and administration

Divyesh Bhandari, Production and Human resource

Related Companies:

 

Vision Polymer Pvt Ltd works as a sister company of Vision Metalizers Inc and is located at:

 

 

#33 Panoli industrial estates, Panoli

Gujarat 394116 India

http://www.visionpolymer.com

 

                                                                                                                                       

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

USD

2011

Turnover

4,000,000

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.

 

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

 

-Vision Metalizers Inc, is a medium size company with 20 employees.

 

-The revenue for 2011 is Normal, according with the number of employees, and the time of the company in the market, and the kind of business where the company develops.

 

-The company has a subsidiary company located in India, from where they import their raw materials.

 

-A credit line may be considered for USD 50,000

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 



APPENDIX

 

Comments

 

We tried to contact the company but there were no one who could provide or confirm any information.

 

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.