MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

IMPERIAL CARPET AND HOME INC

 

 

 

 

Registered Office :

1177 Caledonia Rd, Toronto, ON, M6A 2X1

 

 

 

 

Country :

Canada

 

 

 

 

Year of Establishment :

1997

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

LINE OF BUSINESS :

MANUFACTURE OF RUGS.

 

THE COMPANY OFFERS THE FOLLOWING PRODUCTS TO THEIR CLIENTS:

·         CHOBI DELUXE COLLECTION

·         ROYAL HAND KNOTTED WOOL & SILK

·         CRYSTAL FINE HAND KNOTTED WOOL & SILK

·         IMPERIAL'SNEPAL ART COLLECTION

·         PASSION IMPERIALS VINTAGE COLLECTION

 

 

 

 

No. of Employees :

20

 

 

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 – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD
Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

IMPERIAL CARPET AND HOME INC

 

 

Legal Address

1177 Caledonia Rd, Toronto, ON, M6A 2X1, Canada

Operative Address

1177 Caledonia Rd, Toronto, ON, M6A 2X1, Canada

Telephone:

00 1 416-783-8838

ID :

N.A.

Fax:

00 1 416-783-8828

Legal Form:

Corporation for Profit

Email:

imperialcarpetandhome@hotmail.com

Registered in:

Canada

Website:

http://www.imperialcarpetandhome.com

Date Created:

1997

Manager:

Mr. John Kozoronis, Owner

Date Incorporated:

1997

Staff:

20

Stock:

N.A.

 

 

Value:

N.A.

Activity:

rug manufacturer

 

 

BANKS

 

Name of the Bank

Scotia bank

Location                                   

Ontario International Trade centre, Canada

 

BUSINESS

 

HISTORY

 

IMPERIAL CARPET AND HOME INC was created in 1997

PRINCIPAL ACTIVITY

 

Imperial Carpet and Home Inc, is dedicated to the manufacture of rugs.

Products/Services description:

 

The company offers the following products to their clients:

 

CHOBI DELUXE COLLECTION

ROYAL HAND KNOTTED WOOL & SILK

CRYSTAL FINE HAND KNOTTED WOOL & SILK

IMPERIAL'SNEPAL ART COLLECTION

PASSION IMPERIALS VINTAGE COLLECTION

Sales are:

 

Wholesale

Clients:

 

Due to the nature of their business this company offer their products to the public in general as well as retaler companies.

Suppliers:

 

Husain International

Bowden Building, Power House Road, Bhadohi, Uttar Pradesh, India, 221401

 

THE ORIENTAL SCIENTIFIC INSTRUMENT

14/F YINDU BUILDING NO67 FUCHEN RD HAIDIAN DIST BEIJING, BJ CN

Operations area:

 

National

The company imports from India, Pakistan, China, Nepal

The company does not export

Trade References:

 

We could not get information about the trade references.

The subject employs 20 employees

Comments on staff:

 

The number of employees was not verified with the company.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company's headquarters are located at:

 

1177 Caledonia Rd, Toronto, ON, M6A 2X1, Canada

Surface area:

 

100,000 square feet

The property is:

 

Owned

Comments on location:

 

At their location this company has the main offices as well as their showroom.

Branches:

 

The company does not have any other location registered in Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

IMPERIAL CARPET AND HOME INC is a private company where the Kozoronis would be the main shareholder.

Management:

 

Mr. John Kozoronis, Owner

 

 

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 without knowing the name of the inquiring party.

Comments on the financial data: We could not get financial information about or from the company.

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

 

IMPERIAL CARPET AND HOME INC has 15 years of experience in the market as rug manufacturer this company operates with about 20 employees, from their only location where they have the main offices as well as the showroom where they offer the products to their clients, the company import some of their products to  sells them in Canada.

 

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the receptionist who refused to communicated us with the financial department without knowing the name of the inquiring party. However we left a message indicating the call purpose.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.99

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.