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Report Date : |
25.08.2012 |
IDENTIFICATION DETAILS
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Name : |
WALCO EQUIPMENT LTD |
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Registered Office : |
20 Arthur St. North, Elmira, Ontario, N3B 1Z9 |
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Country : |
Canada |
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Year of Establishment : |
1972 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of agricultural equipment |
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No. of Employees : |
35 employees |
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
|
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 = 100.842 USD |
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Legal Name: |
WALCO EQUIPMENT LTD |
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Trade Name: |
WALCO |
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Legal Address |
20 Arthur St. North Elmira, Ontario N3B 1Z9, Canada |
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Operative Address |
20 Arthur St. North Elmira, Ontario N3B 1Z9, Canada |
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Telephone: |
+ 1 (519) 669-4025 |
Document Number : |
NA |
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Fax: |
+ 1 (519) 669-1436 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Ontario |
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Website: |
Date Created: |
1972 |
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Manager: |
James Martin, President |
Date Incorporated: |
NA |
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Staff: |
35 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesaler of agricultural equipment |
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Name of the Bank |
HSBC |
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HISTORY |
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The company was created in 1972 and it was established in Ontario
Canada. It was purchased in 1983 by the current owners. The original location
was Elmira, Ontario, Canada. The head office of Walco is Elmira, Ontario,
Canada. A branch office was opened in St. Germain De Grantham Quebec in 1993.
In 1998 a branch office was opened in Randolph Minnesota under an affiliated
company Walco USA Inc. |
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PRINCIPAL ACTIVITY |
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The company supplies industrial chain, hooks, cargo control, overhead
lifting slings and component parts. They also offer all sizes and types of tire chain. Walco Equipment Ltd. sources equipment and products from around the
world. They sell to selected dealers. Walco Equipment Ltd. (Walco) has been in business since 1972 and was purchased
in 1983 by the current owners. The original location was Elmira, Ontario, Canada. The head office of
Walco is Elmira, Ontario, Canada. A branch office was opened in St. Germain
De Grantham Quebec in 1993. In 1998 a branch office was opened in Randolph
Minnesota under an affiliated company Walco USA Inc. Walco staff in Ontario (Elmira) service selected dealers in Ontario,
Atlantic Provinces, Maine, Michigan, New Hampshire, New York, Ohio,
Pennsylvania, Kentucky & Vermont. Walco staff in Quebec (St. Germain De Grantham), are bilingual and
service selected dealers in the province of Quebec. Walco USA Inc. staff in Minnesota (Randolph), service selected dealers
in Minnesota, Wisconsin, Iowa & North/South Dakota. Walco is an active member of the Farm Equipment Wholesalers
Association & the Web Sling & Tie Down Association. |
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Products/Services description: |
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Short line Agricultural & Lawn & Garden Equipment, Industrial
Products, Cargo Control & Tire Chain. For Equipment lines, both whole goods
& parts |
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Sales are: |
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Wholesale |
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Clients: |
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The company serves to the agricultural industry mostly. |
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Suppliers: |
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YERIK INTERNATIONAL II-O-33, LAJPAT NAGAR, NEW DELHI-24 WORKS: VILL. RAJGARH, G.T.ROAD, DO
RAHA-141421, LUDHIANA, PUNJAB, IND |
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Operations area: |
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National, International |
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The company imports from China |
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The company exports to North America |
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Trade References: |
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We could not obtain suppliers information from North America or near
regions for us to check trade references. |
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The subject employs 35 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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20 Arthur ST N Elmira Ontario, N3B 1Z9, Canada |
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Comments on location: |
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Headquarters |
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Branches: |
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Quebec Branch Office Walco Equipment Ltd. 364 rte 122 St. Germain De Grantham Quebec JOC 1KO Tel. 819-395-5115 Fax 819-395-2624 |
- 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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This is a private company and The Martin Family is the owner. |
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Management: |
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James Martin, President, Laverne Martin, secretary. |
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Related Companies: |
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Walco USA Inc. location Walco USA Inc. 4469 292nd Street East Box 57 Randolph, Minnesota 55065 Tel. 507-663-9090 Fax 507-663-0999 |
- 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 tried to contact the company´s accounts payable manager but we were
transferred to voice mail several times, we left a message but it has not
been answered yet. |
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However our financial sources could provide us with the following data
(estimates exceptionally provided in USD): |
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Currency |
DATE |
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CAD |
2010 |
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Turnover |
8,806,500 |
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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 |
10,630,000 |
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Comments on the financial data: As of today,
the company’s 2011 numerical financial figures were neither released nor revealed
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 company was founded in 1972 and it was
established in Ontario, Canada. It is a small size, privately-held company,
which supplies industrial chain, hooks, cargo control, overhead lifting
slings and component parts. They also offer all sizes and types of
tire chain. In addition the company works nationally
and internationally, importing some materials from china and distributing
them across North America. The sources consulted record no
detrimental legal or labor court information. |
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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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Comments |
|
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We tried to contact the company´s accounting manager but we were
transferred to voice mail several times we left a message but it has not been
answered yet. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
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UK Pound |
1 |
Rs.87.80 |
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Euro |
1 |
Rs.69.48 |
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.