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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BODAM CORP. |
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Registered Office : |
1203 Leewood Drive, Oakville, Ontario L6M 3B3 |
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Country : |
Canada |
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Date of Incorporation : |
15.03.2007 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer, wholesaler, retailer piece goods and notions. |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
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.
|
Source : CIA |
Company name: BODAM CORP.
Address: 1203 Leewood Drive,
Oakville, Ontario L6M 3B3 - Canada
Telephone: +1
905-337-7178
Fax: +1 905-337-7181
Website: -
Corporate ID#: ON-002129832
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-15-2007
Stock: -
Value: -
Name of manager: Wieslaw
WYRWA
Business:
Importer, wholesaler, retailer piece goods and notions.
Suppliers include:
STANDERTON MILLS PTY LTD
Steyn Street, Standerton 2430 Mpumadurban 4000 South Africa
Staff: 1
Operations & branches:
At the headquarters, we find
the corporate headquarters of
WESTECH GROUP LTD.
Shareholders:
WESTECH GROUP LTD.
1203 Leewood Drive, Oakville, Ontario L6M 3B3
Federal Corporation
Incorporated on 06-15-2006
ID# 6500394
Management:
Wieslaw WYRWA is the President
and CEO.
As far as we know, he is the President of several corporations
including:
- WESTECH GROUP LTD
- WESTECH INDUSTIES & TRADING INC.
- WESTECH INDUSTRIAL LTD.
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, the
President was offensive and declined any information.
He only said that the
Company has good credit history.
Outside sources (bank) gave
estimate sales for year 2011 in the range of
CAD 200,000=
The business is said to be
profitable.
Banks: Scotia Bank
300 N Service Rd W,
Oakville, Ontario L6M 2R9
Ph: 905-845-2424
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: November 2012
High credit: USD 600
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Office supply
Paying status: On terms
Date reported: November 2012
High credit: USD 2,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: November 2012
High credit: USD 300
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent Activity |
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
06/12 |
$700 |
100% |
0% |
0% |
0% |
0% |
|
07/12 |
$500 |
100% |
0% |
0% |
0% |
0% |
|
08/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
|
09/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
|
10/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
|
11/12 |
$700 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a small
account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
UK Pound |
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.