MIRA INFORM REPORT

 

 

Report Date :           

03.02.2012

 

IDENTIFICATION DETAILS

 

Name :

4 S FOOD IMPORTING CORP

 

 

Registered Office :

13 Kenview Blvd # 20, Brampton, Ontario L6T 5K9

 

 

Country :

Canada

 

 

Date of Incorporation :

27.11.1989

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Grocery and related products wholesaler

 

 

No. of Employees :

Less than 10 people

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

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: 1.00 CAD = 1.00043 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

4 S FOOD IMPORTING CORP

 

 

Legal Address

13 Kenview Blvd # 20, Brampton, Ontario L6T 5K9, Canada

 

Operative Address

13 Kenview Blvd # 20, Brampton, Ontario L6T 5K9, Canada

 

Telephone:

+1 (905) 458-4814

ID :

129900155RC0001

Fax:

+1 (905) 458-4814

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Canada

Website:

NA

Date Created:

NA

Manager:

Surinder Gupta, President

Date Incorporated:

November 27th 1989

Staff:

Less than 10 people

Stock:

NA

 

 

Value:

NA

Activity:

Grocery and related products wholesaler.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

The company was created in 1989.

PRINCIPAL ACTIVITY

 

Grocery and related products wholesaler.

Products/Services description:

 

The company would be marketing rice.

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry.

Operations area:

 

National

Trade References:

 

We couldn’t contact a person at the company’s to provide us the trade references.

The subject employs Less than 10 people employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 13 Kenview Blvd # 20, Brampton, Ontario L6T 5K9, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. The Gupta family would own the business.

 

Management:

 

Surinder Gupta, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the business and we were directed to a general voicemail. We left a message.

Comments on the financial data: As of today, 4 S FOOD IMPORTING CORP’s 2010 numerical financial figures were neither released nor revealed to our sources.

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

The subject is a small sized Canadian company.

 

It was incorporated for business in 1989. Therefore, it has a very good experience in its field.

 

4 S FOOD IMPORTING CORP is a groceries and related products wholesaler.

 

We have tried to contact the business several times and we were always directed to a voicemail.

 

We were unable to obtain further information on it's current activities, it is a small structure and we do not have financial figures for the year 2010.

 

For those reasons, we suggest working with GUARANTEES.

 

In addition, we suggest a monitoring report within 3 months to verify its current operations.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the business and we were directed to a general voicemail. We left a message and no one has replied it yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.78

 

 

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.