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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
METSOURCE INC. |
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Registered Office : |
65 Bld Brunswick, Ste 233, Dollard des Ormeaux, Quebec H9B 2B4 |
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Country : |
Canada |
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Date of Incorporation : |
04.03.2007 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Discount store. |
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No. of Employees : |
3 |
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 : |
Unknown |
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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 |
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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.
|
Source : CIA |
Company name: METSOURCE INC.
Address: 65 Bld Brunswick, Ste
233
Dollard des Ormeaux, Quebec
H9B 2B4 - Canada
Telephone: +1
514-542-3321
Fax: -
Website: -
Corporate ID#: 6747647
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: March 4,
2007
Stock: -
Value: -
Name of manager: Jaspal
SINGH
Name history:
DOLLAR R US INC from 04-03-2007 to 01-23-2012
METAL BARYAH INC from 01-23-2012 to 08-10-2012
METSOURCE INC. from 08-10-2012.
Business:
Discount store.
CAE: 6599
Staff: 3
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
Jaspal SINGH is the major shareholder.
He lives
390 Bld Chevremont,
Montreal, Quebec H9C 1R7 - Canada
Management:
Jaspal SINGH is the President, Director and CEO.
Raman SINGH is Secretary and Treasurer.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
We called the Company and
left a message on the voicemail, but nobody returned the call.
Banks: n/a
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
No trade reference
available.
No domestic credit history
available.
Other comments:
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
August 10, 2012.
Our opinion:
We suggest you to be
careful.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
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UK Pound |
1 |
Rs.89.53 |
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Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.