MIRA INFORM REPORT

 

 

Report Date :

11.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MACCO ORGANIQUES INC

 

 

Registered Office :

100 Rue Mcarthur Valleyfield Quebec J6S4M5

 

 

Country :

Canada

 

 

Year of Establishment :

1986

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacture dust free ingredients

 

 

No. of Employees :

70 employee

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 300.00

Status :

Satisfactory

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 30, 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 – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

Macco Organiques Inc

 

 

Legal Address

100 Rue Mcarthur Valleyfield Quebec J6S4M5

Operative Address

100 Rue Mcarthur Valleyfield Quebec J6S4M5

Telephone:

+1(450) 371-1066

ID :

NA

Fax:

+1(450) 371-5519

Legal Form:

Corporation for Profit

Email:

macco@macco.ca

Registered in:

Canada

Website:

http://www.macco.ca/index.aspx

Date Created:

1986

Manager:

Robert Briscoe, President

Date Incorporated:

NA

Staff:

70 employees

Stock:

NA

 

 

Value:

NA

Activity:

Manufacture dust free ingredients.

 

 

BUSINESS

 

HISTORY

 

Macco Organiques Inc. was created in 1986.

 

In 1988, Macco developed technology to dry and process all ingredients into a dust-free powder form that remains free flowing without caking or clumping for extended periods of time.

 

The company is ISO 9001 registered and follows HACCP standards.

 

In April 2004 Macco acquired the pharmaceutical products facilities of Osram in the Czech Republic.

 

PRINCIPAL ACTIVITY

 

manufacture dust free ingredients.

Products/Services description:

 

The firm produces: Calcium acetate, Calcium chloride, Calcium propionate, Potassium acetate, Potassium benzoate, Sodium acetate, Sodium benzoate Sodium diacetate, Sodium propionate, Sodium acetate and trihydrate.

Sales are:

 

Wholesale

Clients:

 

Behn Meyer & Co (M) Sdn Bhd (Seattle, Washington)

 

Operations area:

 

International

The company export to North America, South America, Western Europe, Japan, South East Asia, Australia and New-Zeala

The subject employs 70 employees employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

100 Rue Mcarthur Valleyfield Quebec J6S4M5

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

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

Management:

 

Robert Briscoe, President

 

Simon Rinella, General Manager

 

Jacques Delisle, Scientific Director



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Simon Rinella who provided us with the following data:

 

President: Robert Briscoe

 

number of employees: 70

 

date of creation: 1986

 

Headquarters: 100 Rue Mcarthur Valleyfield Quebec J6S4M5

Currency

DATE

 

USD

2010

 

Turnover

10 000 000

 

 


Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a  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 medium company, with long trayectory.

 

The firm seems to be going in the right way, not only manufacturing dust free ingredients but also exporting to North America, South America, Western Europe, Japan, South East Asia, Australia and New-Zealand.

 

The staff appeared confident during our obligations, they answered most of the questiones.

 

We estimate that the entity can bear a credit line of USD 300.00

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

NIL

Public

NO

 

Indebtedness

NIL

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Simon Rinella

Position

 

General Manager

Comments

 

The person interviewed answers most of the questions (except the one about last year turnover).

 

President: Robert Briscoe

 

number of employees: 70

 

date of creation: 1986

 

Headquarters: 100 Rue Mcarthur Valleyfield Quebec J6S4M5

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.