MIRA INFORM REPORT

 

 

Report Date :

11.08.2012

 

IDENTIFICATION DETAILS

 

Name :

DANICA IMPORTS LTD

 

 

 

 

Registered Office :

1915 Stainsbury Ave, Vancouver, BC, V5N 2M6

 

 

 

 

Country :

Canada

 

 

 

 

Year of Establishment :

1984

 

 

 

 

Legal Form :

Limited Company

 

 

 

 

Line of Business :

Wholesaler of table furniture

 

 

 

 

No. of Employees :

50 (estimates)

 

 

 

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: CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

DANICA IMPORTS LTD

 

 

Legal Address

1915 Stainsbury Ave

Vancouver, BC

V5N 2M6

Canada

Operative Address

1915 Stainsbury Ave

Vancouver, BC

V5N 2M6

Canada

Telephone:

+ 1 (604) 255-6150

Document Number :

NA

Fax:

+ 1 (604) 255-6120

Legal Form:

Limited Company

Email:

info@danicaimports.com

Registered in:

Canada

Website:

http://www.danicaimports.com

Date Created:

1984

Manager:

Rodney Benson, President

Date Incorporated:

NA

Staff:

50 (estimates)

Stock:

NA

 

 

Value:

NA

Activity:

Wholesaler of table furniture

 

 

BANKS

 

Name of the Bank

HSBC

 

 

BUSINESS

 

HISTORY

 

The company was created in 1984.

PRINCIPAL ACTIVITY

 

The subject is listed as a wholesaler of table furniture.

 

Products/Services description:

 

Products include:

 

Dining wear, gift wear, kitchen wear, kitchen lines, bags, etc.

Sales are:

 

Wholesale

Suppliers:

 

We could not reach any representative who could provide us with the suppliers' names.

Operations area:

 

National, International

The company imports from Worldwide, depending on the demand

The company exports to North America

The subject employs 50 (estimates) employee(s)

Comments on staff:

 

The staff number was not confirmed by the company.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at: 1915 Stainsbury Ave

Vancouver, BC V5N 2M6, Canada

Branches:

 

11300 Twigg Pl Suite 120

Richmond, BC

V6V 3C1

Canada (Warehouse)

 

55 West Beaver Creek Rd

Richmond Hill, ON

L4B 1K5

Canada

 

 

Shareholders

 - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company in which Rodney Benson and Jeremy Braude are among the main shareholders.

Management:

 

Rodney Benson, President,

Jeremy Braude, Vice President & Board Member,

Gary Benson, Branch Manager,

Sushil Arora, Operational Vice President.

 

 

 

Financials

- COMMERCIAL TRENDS AND FORECAST

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

We have reached the company's voicemail in which we left a message. Nobody has called us back yet.

 

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

2009

Turnover

11,940,000



Comments on the financial data: No updated financial figures have been released to our sources. Nevertheless, it is believed they remain in the same range.

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

 

This is a medium sized Canadian company which employs 50 people (estimates).

 

It has 28 years of experience in the market.

 

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

 

The subject is listed as a wholesaler of table furniture.

 

It has international relations with North America.

 

It is important to remember that the subject is a limited company.

 

No action could consequently prosper against the owners' personal assets.

 

 

SUMMARy

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We have reached the company's voicemail in which we left a message. Nobody has called us back yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.43

 

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.