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Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
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Name : |
CAPSCANADA CORPORATION |
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Registered Office : |
456 Silver Creek Industrial Dr Windsor, ON N8N 4Y3 |
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Country : |
Canada |
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Date of Incorporation : |
05.05.2001 |
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Legal Form : |
Corporation for Profit |
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line of business
: |
Automative chemicals manufacturing |
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No. of Employees : |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 = 100.707 USD |
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Legal Name: |
CAPSCANADA CORPORATION |
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Legal Address |
456 Silver Creek Industrial Dr Windsor, ON N8N 4Y3, Canada. |
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Operative Address |
456 Silver Creek Industrial Dr Windsor, ON N8N 4Y3, Canada. |
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Telephone: |
+ 1 (519) 727-4618 |
ID : |
3889785 |
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Fax: |
+ 1 (519) 727-4619 |
Legal Form: |
Corporation for Profit |
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Email: |
info@capscanada.com |
Registered in: |
Canada |
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Website: |
www.capscanada.com |
Date Created: |
1984 |
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Manager: |
Angle Mendoza, President |
Date Incorporated: |
May 5th, 2001 |
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Staff: |
70 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Automative chemicals manufacturing |
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Name of the Bank |
HSBC Bank |
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HISTORY |
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This company was created in the year 1984. |
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PRINCIPAL
ACTIVITY |
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CapsCanada is a world manufacturer of two-piece hard shell capsules. |
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Products/Services description: |
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The business offers gelatin and vegetable derived capsules. |
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Sales are: |
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Wholesale |
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Clients: |
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Pharmaceutical and Health Nutrition Industries Among other professionals of the industry. |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for us to check trade references. |
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Operations area: |
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National, International, Local |
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The company imports from Worldwide |
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The company exports to worldwide |
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Trade References: |
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As we only got an answering machine when calling the company we were unable to get the name of their suppliers for trade references. |
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Competitors: |
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Kenney & Ross Limited Tergel Inc Nitta Gelatin Canada, Inc Calabria Sports Bar Inc Bueno Gelato Inc |
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The subject employs 70 employee(s) |
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Comments on staff: |
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The staff number provided on the previous report was not confirmed with the company. The mentioned information was kindly confirmed with the staff. |
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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 456 Silver Creek Industrial Dr Windsor, ON N8N 4Y3, Canada. |
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Branches: |
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The company reported no branches. |
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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. We were not able to confirm the company's
shareholders with the staff. |
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Management: |
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Angle Mendoza, President Dale Martin, CFO |
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Related Companies: |
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The company has an international office in United States located at
1893 SW Pompano Beach FL 33069. The subject would also have a facility in South America, but this
information could not be verified. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Dana who refused to provide us any financial
data without knowing the name of the inquiring party. |
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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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Currency |
DATE |
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USD |
2010 |
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Turnover |
4,192,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
5,220,000 |
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Comments on the
financial data: There was no recent financial information provided or
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 correct 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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Capscanada Corporation is a Canadian company with 70 people being considered a medium sized company. The structure has 28 years of experience and international offices in North and South America. There were no legal filings found against the company or its legal representatives. Although there was no recent financial information released to our sources, the company's general features allow us to trust in this company for a credit line. At this point, considering the fact that their payments are made on a regular basis and the cash flow is normal. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Dana |
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Position |
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Receptionist |
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Comments |
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She confirmed the company's headquarters and the staff number, but she
refused to provide us any further information about the company without knowing
the name of the solicitor. She transferred the call to the accounting area but as there was no
one available we left them a message but we didn't get an answer as of today. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
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UK Pound |
1 |
Rs.87.31 |
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Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.