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Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BRABER EQUIPMENT LTD |
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Registered Office : |
1264 Riverside Road, Abbotsford, British Columbia V2S 7P3 |
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Country : |
Canada |
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Date of Incorporation : |
1969 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesales farm machinery and equipment. |
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No. of Employees : |
100 |
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
= 100.778 USD |
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IDENTIFICATION
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Ordered as: |
Braber Equipment |
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Address in the order: |
1264 Riverside Road Abbotsford BC V2S 7P3 Canada |
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Legal Name: |
BRABER EQUIPMENT LTD |
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Legal Address |
1264 Riverside Road, Abbotsford, British Columbia V2S 7P3,
Canada. |
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Operative Address |
1264 Riverside Road, Abbotsford, British Columbia V2S 7P3,
Canada. |
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Telephone: |
+ 1 (604) 850-7770 |
Document Number : |
BC-0000109100 |
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Fax: |
+ 1 (604) 850-7774 |
Legal Form: |
Limited Company |
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Email: |
martinh@begroup.cc |
Registered in: |
British Columbia |
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Website: |
http://www.brabereq.com/ |
Date Created: |
1969 |
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Manager: |
Nick Braber, President. |
Date Incorporated: |
May 18th, 1972 |
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Staff: |
100 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesales farm machinery and equipment. |
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Name of the Bank |
HSBC Bank Canada |
BUSINESS
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HISTORY |
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The company was started in 1969. |
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PRINCIPAL ACTIVITY |
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The company engages in the wholesale of farm machinery and
equipment. |
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Products/Services description: |
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The company offers a full line of industrial power equipment
including cold water pressure washers, generators, water pumps, and pressure
washer accessories. Accessories include flat surface cleaners, extension
wands, waterbrooms, spray guns, nozzles, pumps, QC fittings, and more. |
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Sales are: |
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Wholesale |
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Brands: |
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BE |
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Clients: |
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The company mainly serves the agriculture industry. |
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Suppliers: |
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*Hangzhou Geesun (China) *Paramount Imp. & Exp. (China) *Ningbo Evans Textiles Co., Ltd. (China) |
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Operations area: |
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International |
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The company imports from Worldwide, depending on the
demand |
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The company exports to the United States. |
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Competitors: |
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*Douglas Lake Cattle Company *7430 Holdings Ltd *Noble Tractor And Equipment Ltd *Dragon Mountain Farm *Huber Farm Equipment Ltd |
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The subject employs 100 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12
months |
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LOCATION |
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Headquarters |
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The company is headquartered at: 1264 Riverside Road, Abbotsford,
British Columbia V2S 7P3, Canada. |
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Comments on location: |
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Corporate Headquarters. |
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Branches: |
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The company operates another location at: *110 Thompson Drive Cambridge, ON N1T 2E5 Canada Phone: (519) 624-8383 |
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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. Mr. Nick Braber is the main
shareholder. |
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Management: |
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Nick Braber, President. Martin Houweling, Director. |
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Related Companies: |
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Affiliate: *BE Pressure Supply Inc. 30585A Progressive Way Abbotsford, BC V2T 6W3, Canada. Toll-Free: +1 800-663-8331 Fax: +1 604-850-8886 This company operates 8 facilities throught North America. |
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Financials - 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. Tanya, Accounting Representative,
who provided us with the financial data for 2011 (estimate). The financial figures for 2010-2009-2008 were provided by
our financial sources for previous reports. They were not provided by the
company. |
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Currency |
DATE |
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CAD |
2011 |
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Turnover |
15,000,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
9,670,000 |
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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 |
12,140,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
11,900,000 |
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The cash flow is |
Normal |
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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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The subject is a medium sized Canadian company which has
been operating since 1969. The company is active and in good standing. Its business structure is solid and established. It
comprises two locations in Canada and employs 100 people. It also has an
affiliate (BE Pressure supply, Inc.) which operates eight North American
distribution facilities. The company is directly managed by its owner. There were no legal filings found against the company or
its legal representatives. The financial information for 211 indicates that the
company has improved its performance compared to other periods. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Ms. Tanya |
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Position |
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Accounting Representative |
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Comments |
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The contacted person verified all the information in the
report. We have disclosed the name of "Yerik International". |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
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|
1 |
Rs.87.79 |
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Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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.