MIRA INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
LEMAR POWERWALK INC |
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Registered Office : |
RR1 Site 9 Box 17 Airdrie AB Canada T4B
2A3 |
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Country : |
Canada |
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Year of Establishment : |
1995 |
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Legal Form : |
Limited Company |
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Line of Business : |
Tree Spades Manufacturing |
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No. of Employees
: |
5 |
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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Maximum Credit Limit : |
USD 15,000 |
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Status : |
Small Company |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Legal Name: |
LEMAR POWERWALK INC |
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Trade Name: |
LEMAR TREE SPADES |
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Legal Address |
RR1 Site 9 Box 17 Airdrie AB Canada T4B 2A3 |
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Operative Address |
RR1 Site 9 Box 17 Airdrie AB Canada T4B 2A3 |
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Telephone: |
+1 403 948 9852 |
ID : |
NA |
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Fax: |
+1 403 948 9853 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1995 |
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Manager: |
Les Poffenroth, President |
Date Incorporated: |
NA |
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Staff: |
5 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Tree spades manufacturing |
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BUSINESS
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HISTORY |
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The company was created in 1995 |
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PRINCIPAL ACTIVITY |
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The company manufactures tree spades and related products |
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Products/Services description: |
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3 pt. Hitch Lift tower Side Slide Custom Automation Custom MFG Spades Hydra Wireless Potters Tree Handling Tree Wrappers |
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Sales are: |
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Retail |
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Clients: |
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Nursery & Landscape Industry |
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Operations area: |
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National |
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The subject employs 5 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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RR 1, Site 9, Box 17, Airdrie, AB, Canada, T4B 2A3 |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. The main shareholder is Les Poffenroth. |
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Management: |
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Les Poffenroth, President |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company, who refused to provide us any financial
data without knowing the name of the inquiring party. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
800,000 |
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The cash flow is |
NORMAL |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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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. |
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Final Opinion |
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The company provides a growing market in
Canada. In spite of being a small structure, it is
well established. Profitability per employee is correct. A credit line may be considered for USD
15,000 |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We have contacted the company, who refused to provide us any financial
data without knowing the name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.65 |
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UK Pound |
1 |
Rs.79.09 |
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Euro |
1 |
Rs.65.32 |
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 |
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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.