MIRA INFORM REPORT

 

 

Report Date :           

24.01.2012

 

DENTIFICATION DETAILS

 

Name :

SWAD GRAIN EXPORT

 

 

Registered Office :

251 Queen St Mississauga, Ontario L5m 1l7.

 

 

Country :

Canada

 

 

Year of Establishment :

2005

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Special Crops Wholesaler

 

 

No. of Employees :

09

 

 

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 5,000.

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 - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD = 99.1221 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

SWAD GRAIN EXPORT

Legal Address

251 Queen St MISSISSAUGA, Ontario L5M 1L7.

Operative Address

251 Queen St MISSISSAUGA, Ontario L5M 1L7.

Mailing Address

252-251 Queen St MISSISSAUGA, Ontario L5M 1L7.

Telephone:

+1 (905) 593-4204

ID :

NA

Fax:

+1 (905) 567-6611

Legal Form:

Corporation for Profit

Email:

sales@swadgrainexports.com

Registered in:

Canada

Website:

www.swadgrainexports.com

Date Created:

2005

Manager:

Tanveer Hashmi, CEO

Date Incorporated:

NA

Staff:

5 to 9

Stock:

NA

 

 

Value:

NA

Activity:

Special crops wholesaler.

 

 

BUSINESS

 

HISTORY

 

This company was founded in the year 2005.

PRINCIPAL ACTIVITY

 

The subject is categorized under crops manufacturer and distributor.

Products/Services description:

 

Lentils

ChickPeas

Beans

Peas

Sales are:

 

Wholesale

Clients:

 

Various industries

Operations area:

 

National, International, Local

The company does not import

The company export to Worldwide depending on the demand

The subject employs 5 to 9 employee(s)

Comments on staff:

 

The range of employees was not confirmed with the staff.

PAYMENTS

 

To be monitored

LOCATION

Headquarters

 

The company is headquartered at 251 Queen St Mississauga, Ontario L5M 1L7.

Branches:

 

There is a branch for this company located at 59 Wood Lily Drive, unit # 303 Moose Jaw, Sk S6J 1H1.

 

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:

 

Tanveer Hashmi, CEO

Samina Hashmi, General manager

Related Companies:

 

The company also has an international office located in United States:

 

21430 Timber Lake Road, unit # 101 Lynchburg, VA 24502 USA.



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have tried to contact the company; however we only got an answering machine. We left them a message though we didn't get an answer yet.

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 (estimates)

Turnover

500,000 to 1,000,000

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 medium 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 small sized company with around 5 to 9 employees and 7 years of experience.

 

The company trades its products worldwide and has an international office in the United States.

 

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

 

Regarding the estimated of sales found for this company for the year 2010, the income per employee was just fair for its size.

 

At this point, considering the general features,

 

A credit line may be considered for USD 5,000.

 

We suggest monitoring the company's length of payments.

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

TO BE MONITORED

Cash

NORMAL

 

 

 



APPENDIX

 

Comments

 

We tried to contact the company but we only got an answering machine. We left them a message with our information but we didn't get an answer yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.24

UK Pound

1

Rs.78.13

Euro

1

Rs.64.79

 

 

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.