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Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
TSF FABRICS TRIMMINGS INC |
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Registered Office : |
121 Romina Drive, Concord, Ontario L4k
4z9 |
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Country : |
Canada |
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Year of Establishment : |
2010 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer and wholesale distributor of Fabrics |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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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 =
100.803 USD |
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Comments on data supplied: |
Dear client, the phone number listed in
the order is incorrect. That phone number belongs to a residence which is not
part of the company in any way. |
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Legal Name: |
TSF FABRICS TRIMMINGS INC |
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Legal Address |
121 Romina Drive, Concord, Ontario L4k 4z9, Canada. |
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Operative Address |
121 Romina Drive, Concord, Ontario L4k 4z9, Canada. |
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Telephone: |
+1 (800) 268-5765 |
ID : |
N/A |
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Fax: |
+1 (905) 660-1770 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
2010 |
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Manager: |
Frank Ghini, General Manager. |
Date Incorporated: |
N/A |
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Staff: |
7 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Importer and wholesale distributor. |
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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 2010. |
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PRINCIPAL ACTIVITY |
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The company engages as an importer and wholesale distributor. |
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Products/Services description: |
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The company offers mainly fabrics. |
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Sales are: |
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Wholesale |
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Clients: |
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The company serves distributors and retailers. |
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Suppliers: |
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*Hangzhou Global Sample Book Co., Ltd (China) |
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Operations area: |
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International |
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The company imports from Asia mainly. |
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The company exports to the United States. |
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The subject employs 7 employee(s) |
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PAYMENTS |
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Regular. |
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LOCATION |
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Headquarters |
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The company is headquartered at: 121 Romina Drive, Concord, Ontario
L4k 4z9, Canada. |
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Comments on location: |
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Operative location and executive office. |
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Branches: |
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The company does not operate any branches. |
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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The company is privately held. The main shareholder is Mr.Frank
Ghainy. |
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Management: |
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Mr. Frank Ghainy, General Manager. Ms. Denise, Accountant. |
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Related Companies: |
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The company does not report any related affiliates. |
- COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Ms. Denise, Accountant,
who refused to provide us any financial data without knowing the name of the inquiring
party. |
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At this time, the 2011 financial figures
were neither revealed nor released to our sources. |
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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 NORMAL 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 distributor
which has been opeating since 2010. The company is active and operational. Its business structure is small and still
establishing. The company has a low marketing profile. It operates one single
location in Ontario, Canada, and employs 7 people. The company is owner-operated and trades
as a wholesale distributor. |
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Profitability |
N.A. |
Public |
N.A. |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Person Interviewed |
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Ms. Denise |
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Position |
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Accountant |
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Comments |
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The contacted person provided all the information in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.34 |
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UK Pound |
1 |
Rs.86.45 |
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Euro |
1 |
Rs.68.43 |
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.