MIRA INFORM REPORT

 

 

Report Date :

08.08.2012

 

IDENTIFICATION DETAILS

 

Name :

OAKVILLE NATURAL STONE CORPORATION

 

 

Registered Office :

2501 Stanfield Road Mississauga, Ontario, L4Y 1R6

 

 

Country :

Canada

 

 

Year of Establishment :

2004

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Importers of stone

 

 

No. of Employees :

05

 

 

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

 

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: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Medium

 

 

IDENTIFICATION

 

Legal Name:

OAKVILLE NATURAL STONE CORPORATION

 

 

Legal Address

2501 Stanfield Road Mississauga, Ontario, L4Y 1R6

Operative Address

2501 Stanfield Road Mississauga, Ontario, L4Y 1R6

Telephone:

(905) 270-1110

ID :

N.A.

Fax:

+1 905 270-1160

Legal Form:

Corporation for Profit

Email:

info@oakvillenaturalstone.com

Registered in:

Canada

Website:

http://www.oakvillenaturalstone.com/

Date Created:

2004

Manager:

Kevin Alves President & Board Member

Date Incorporated:

2004

Staff:

5

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Importers of stone

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

OAKVILLE NATURAL STONE CORPORATION was created in 2004

PRINCIPAL ACTIVITY

 

OAKVILLE NATURAL STONE CORPORATION is an importer and distributor of stones for exterior applications.

Products/Services description:

 

OAKVILLE NATURAL STONE CORPORATION offers stone and Marble and Granite as their main products.

Sales are:

 

Wholesale

Clients:

 

Their main clients are companies in the construction business.

Suppliers:

 

Wei Hai Song He Trading Co., Ltd.

No 106 Haibin North Rd Weihai Cn

 

WEI HAI SONG HE TRADING CO.,LTD.

NO.106 HAIBIN NORTH ROAD,WEIHAI,SHANDO

 

QINGDAO MINGKAI INDUSTRIAL CO.,LTD.

ROOM 2810 BEIMENGTE MANSION,HUNAN ROAD QINGDAO CHINA

Operations area:

 

National

The company imports from Mexico and China mainly

The company does not export

Trade References:

 

The person contacted refused to provided information about the trade references.

The subject employs 5 employees

Comments on staff:

 

The number of employees was not verified with the company.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company has their headquarters located at:

 

2501 Stanfield Road Mississauga, Ontario, L4Y 1R6

Comments on location:

 

At their only location this company has their warehouse as well as their main office.

Branches:

 

The company does not have any other location around Canada.

 

 

Shareholders

- Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

OAKVILLE NATURAL STONE CORPORATION is a private held company where Mr. Kevin Alves is the main shareholder.

Management:

 

Mr. Daniel Murphy, General Manager

Kevin Alves President & Board Member

 

Financials

- COMMERCIAL TRENDS AND FORECAST

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

We have contacted the receptionist who refused to communicated us with the financial department to get financial information without knowing the name of the inquiring party.

Comments on the financial data: Despite our research we could not get financial information from or about the company for 2011, however our financial sources provided as an estimated range of sales for US$2.5 Million to US$5 Million.

Legal Fillings

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

 

 

Rating

 

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.

 

 Final Opinion

 

OAKVILLE NATURAL STONE CORPORATION has 8 years of experience as importer of stones for exterior applications, this company operates with about 5 employees from only one location in Canada, this company imports most of their products from China and Mexico mainly and distributes them around the country through retailers.

 

After our research we did not find negative information or legal against the company and based on the information collected.

 



SumMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 




 

APPENDIX

 

Position

 

The receptionist

Comments

 

We have contacted the receptionist who refused to communicated us with the financial department, however we left a message indicating the call purpose.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.50

UK Pound

1

Rs.86.40

Euro

1

Rs.68.69

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.