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Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
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Name : |
HOWARD GRAPHIC EQUIPMENT LTD (HOWARD DIRECT) |
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Registered Office : |
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Country : |
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Year of Establishment : |
1967 |
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Legal Form : |
Limited Company |
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Line of Business : |
Supplier of used and reconditioned printing equipment |
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No. of Employees : |
15 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
canada - ECONOMIC OVERVIEW
As an affluent,
high-tech industrial society in the trillion-dollar class, Canada resembles the
US in its market-oriented economic system, pattern of production, and affluent
living standards. Since World War II, the impressive growth of the
manufacturing, mining, and service sectors has transformed the nation from a
largely rural economy into one primarily industrial and urban. The 1989
US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade
Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in
trade and economic integration with the US its principal trading partner.
Canada enjoys a substantial trade surplus with the US, which absorbs about
three-fourths of Canadian exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
great natural resources, highly skilled labor force, and modern capital plant,
Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the
global economic crisis, the economy dropped into a sharp recession in the final
months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12
years of surplus. Canada''s major banks, however, emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector''s tradition of conservative lending practices and strong
capitalization. Canada achieved marginal growth in 2010 and 2011 and plans to
balance the budget by 2015. In addition, the country''s petroleum sector is
rapidly becoming an even larger economic driver with Alberta''s oil sands
significantly boosting Canada''s proven oil reserves, ranking the country third
in the world behind Saudi Arabia and Venezuela.
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Source : CIA |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Legal Name: |
Howard Graphic Equipment Ltd (Howard Direct) |
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Trade Name: |
(Howard Direct) |
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Legal Address |
2230 Meadowpine Blvd., Mississauga, ON L5N 6H6 Canada |
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Operative Address |
2230 Meadowpine Blvd., Mississauga, ON L5N 6H6 Canada |
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Telephone: |
(905) 821-0000 |
ID : |
NA |
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Fax: |
(905) 821-0055 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1967 |
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Manager: |
Nicholas Howard President & Board
Member |
Date Incorporated: |
1967 |
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Staff: |
15 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
supplier of used and reconditioned printing
equipment |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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The company was created in 1967. The company was formed when H.W. (Bill) Howard bought a used
Webendorfer and took up residence in a 250-square foot section of a friend’s
machine shop. |
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PRINCIPAL ACTIVITY |
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Supplier of used and reconditioned printing equipment |
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Products/Services description: |
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The company engages in the sale and servicing of used and
reconditioned printing, packaging and bindery equipment. Sheetfed 1 & 2-color 4-color 5-color 6-color 7-color & up and miscellaneous |
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Sales are: |
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Retail |
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Clients: |
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Companies related to printing market. |
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Suppliers: |
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RIVER GRAPHICS LTD 7-8 STRATFORDS HOBBS INDUSTRIAL EST NEW CHAPEL SRY RH7 6HN UNITED
KINGD UPA PRESS SDN BHD . LOT 27678 SIMPANG SALAK SOUTH IND. AREA Imprenta Universal Srl Av Del Libertador Alem Mnes Ar River Graphics Ltd. 7 8 Stratfords Hobbs Industrial Est New Chapel Sry Rh7 6hn United
Kingd |
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Operations area: |
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National, International, Local |
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The company imports from Uk, Argentina, |
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The company exports to worldwide deppending on the demand |
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The subject employs 15 employees |
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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 2230 Meadowpine Blvd. Mississauga, ON
L5N 6H6 Canada |
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Surface area: |
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90,000 sq. ft |
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The property is: |
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Owned |
Shareholders - 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. It is owned and operated by the HOWARD
family. |
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Management: |
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NICHOLAS (NICK) HOWARD, PRESIDENT & BOARD MEMBER |
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 the receptionist but she 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
(estimates): |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
4,500,000 |
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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 |
3,933,000 |
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Comments on the financial data: The financial data could not be confirmed
with the company |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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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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Howard Graphic Equipment Ltd also known as Howard Direct, has 45 years
of experience as supplier of used and reconditioned printing equipment, the
company operates with 15 employees, in their location in Canada, this company
import some of their products and export them worldwide according with de
demand. |
SUMMARY
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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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APPENDIX
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Position |
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Receptionist |
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Comments |
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She refused to confirm information about the company and indicated us
at the moments there was no one able to provide any kind of data. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.95 |
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UK Pound |
1 |
Rs.88.42 |
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Euro |
1 |
Rs.71.71 |
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 |
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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.