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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOB EX INC |
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Registered Office : |
2 Robert Speck Parkway, Suite 750, Mississauga, Ontario, L4Z-1H8 (not verified) |
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Country : |
Canada |
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Year of Establishment : |
2006 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Metal Trading Company. |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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: 100.00 CAD =
99.9025 USD |
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Comments on data supplied: |
The address provided in the order is
related to the company in several data bases. |
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Legal Name: |
GLOB EX INC |
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Legal Address |
2 Robert Speck Parkway, Suite 750, Mississauga, Ontario, L4Z-1H8,
Canada. (not verified) |
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Operative Address |
2 Robert Speck Parkway, Suite 750, Mississauga, Ontario, L4Z-1H8,
Canada. |
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Telephone: |
+1-905-402-9945 (not in service) |
ID : |
N/A |
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Fax: |
+1-905-306-3459 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
2006 |
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Manager: |
Zahid Dada, President. |
Date Incorporated: |
N/A |
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Staff: |
2 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Metal Trading Company. |
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Name of the Bank |
Royal Bank of Canada |
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HISTORY |
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The company was established in the year 2006. |
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PRINCIPAL ACTIVITY |
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The company engages as a metal trading company. |
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Products/Services description: |
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The company offers the following products: *Coated / Uncoated Carbon Sheet
& Coil
*Carbon Long Products *Specialty Metals
*Stainless Steel *Copper & Brass
*Aluminum *Construction Piles & Accessories
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Sales are: |
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Wholesale |
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Clients: |
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Professionals in the metals industry. |
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Suppliers: |
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*MUSLIM INDUSTRY Aftab Steel Market, G.T. Road Gujrat Pakistan |
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Operations area: |
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International |
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The company imports from Pakistan, India and Middle East. |
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The company exports to Pakistan, India and Middle East. |
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The subject employs 2 employee(s) |
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Comments on staff: |
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The figures were not been disclosed by the company. They were
conciliated with our private sources and from a particular analysis of the
company´s structure. |
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PAYMENTS |
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To be Monitored. |
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LOCATION |
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Headquarters |
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The company is would be headquartered at: 2 Robert Speck Parkway,
Suite 750, Mississauga, Ontario, L4Z-1H8, Canada. |
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Comments on location: |
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Office Spaces. |
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Branches: |
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The company is related to another location at the following adddress: *2350 Cawthra Rd, Unit 1, Mississauga, ON L5A 2W8, Canada. However, we were not able to verify if it is part of the business
structure. |
Manager - Related
Companies
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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 private company. According to our sources, the main
shareholder is Mr. Zahid Dada. |
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Management: |
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Zahid Dada, President. |
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Related Companies: |
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We have not found any related affiliates to the subject. |
COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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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. |
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Comments on the financial data: According to
our financial sources, the company's annual revenue is in a range between USD
$500,000 to USD $1 million. |
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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 LOW 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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The subject is a small sized Canadian company
which has been operating since 2006. Its business structure is small and does
not seem to be well established. The company's phone number is currently out
of service and we were not able to contact the company in order to verify if
it is still operational. Having this in consideration, we suggest
working with GUARANTEES. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
N.A. |
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Comments |
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We have tried contacting the company several times. However, the phone
number was always out of service. We have also send an e-mail and it was not
answered yet. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.86.40 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.