MIRA INFORM REPORT

 

 

Report Date :           

02.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

SMITH & DOYLE INC

 

 

Registered Office :

55 Airport Rd Winnipeg, MB R3H 0V5

 

 

Country :

Canada

 

 

Year of Establishment :

1992

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Packaging and Shipping Materials

 

 

No. of Employees :

30

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 50,000.

Status :

Moderate

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD = 100.209 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

SMITH & DOYLE INC

Legal Address

55 Airport Rd Winnipeg, MB R3H 0V5 Canada

Operative Address

55 Airport Rd Winnipeg, MB R3H 0V5 Canada

Telephone:

+1 (204) 487-7263

ID :

NA

Fax:

+1 (204) 786-3403

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Canada.

Website:

www.smithanddoyle.com

Date Created:

1992

Manager:

Desmond Doyle, President & Board Member

Date Incorporated:

NA

Staff:

30

Stock:

NA

 

 

Value:

NA

Activity:

Packaging and Shipping Materials.

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The subject is categorized under Foamed Plastics  Packaging and Shipping Materials manufacturer retailer and wholesaler.

Sales are:

 

Wholesale, Retail

Clients:

 

General clientele

Various industries.

Operations area:

 

National, International, Local

The company imports from Worldwide

The company export to Worldwide depending on the demand

The subject employs 30 employee(s)

Comments on staff:

 

This information was not confirmed with the staff.

PAYMENTS

 

To be monitored

LOCATION

Headquarters

 

The company is headquartered at 55 Airport Rd Winnipeg, MB R3H 0V5 Canada.

Branches:

 

There were no branches found for this company.

 

This infomrmation was not confirmed with the staff.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Desmond Doyle, President & Board Member

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted a male representative who refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

USD

2010

Turnover

3,521,280

The cash flow is

Normal



Comments on the financial data: The financial data was not confirmed with the staff.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

Rating

 

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.

 Final Opinion

 

This is a Canadian company with 30 employees and over 20 years of experience.

 

The subject would have a solid business relation with its foreign suppliers.

 

There were no egal filings found against the company or its legal representatives.

 

Due to the lack of cooperation when calling the company we were unable to get the length of payments.

 

The income per employee is pretty fair for its size.

 

Therefore, considering the general features.

 

A credit line may be considered for USD 50,000.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

TO BE MONITORED

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Male representative

Comments

 

He refused to provide us or confirm any information about the company on grounds of confidentiality and disconnected the call.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.53

UK Pound

1

Rs.77.95

Euro

1

Rs.64.66

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.