MIRA INFORM REPORT

 

 

Report Date :           

28.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GS GRANITE LIMITED

 

 

Registered Office :

6620 -50 Street Edmonton,AB T6B 2N7

 

 

Country :

Canada

 

 

Year of Establishment :

2001

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Importer and distributor of granite and natural stones

 

 

No. of Employees :

05

 

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 20,000.

 

 

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 USD = 99,9706 CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

GS GRANITE LIMITED

Legal Address

6620 -50 Street Edmonton,AB T6B 2N7 Canada.

Operative Address

6620 -50 Street Edmonton,AB T6B 2N7 Canada.

Telephone:

+1 (780) 461-0666

ID :

NA

Fax:

+1 (780) 461-0611

Legal Form:

Limited Company

Email:

NA

Registered in:

Canada

Website:

www.gsgranite.ca

Date Created:

2001

Manager:

Ravinder Sandhu, President & Board Member

Date Incorporated:

NA

Staff:

5

Stock:

NA

 

 

Value:

NA

Activity:

Importer and distributor of granite and natural stones.

 

 

BUSINESS

 

HISTORY

 

This company was founded in the year 2001.

PRINCIPAL ACTIVITY

 

The company operates as an importer retailer and wholesaler of granite and natural stones.

Products/Services description:

 

Sand Stone

Slate

Granite

Sales are:

 

Wholesale, Retail

Clients:

 

General clientele

Various industries.

Operations area:

 

National, Local

The company imports from Asia and America

The company does not export

Trade References:

 

As we only got an answering machine whe calling the company we were unable to get the name of their suppliers for trade references.

The subject employs 5 employee(s)

Comments on staff:

 

This information was not confirmed with the staff.

PAYMENTS

 

To be monitored

LOCATION

Headquarters

 

The company is headquartered at 6620 -50 Street Edmonton,AB T6B 2N7 Canada.

Branches:

 

There were no branches found for this company.

 

This information 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:

 

Ravinder Sandhu, President & Board Member

Related Companies:

 

The company has a sister company in Canada:

 

GS Import & Export Ltd

2217 - 272 Street

Aldergrove, BC

V4W 2N6

Phone : +1 (604) 856-5099

Fax: +1 (604) 856-5095

 

Moreover,the subject has the following associated companies:

 

GS Import & Export Ltd

V.P.O. Mehal Kalan

Teh. & Dist. Barnala

Punjab, India

Phone: +91.98150.80401

 

GS Import & Export Ltd

Rua Joaquin,

Rodrigues Cristello - 65

Brazil

Phone: +5527.9946.5730

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have tried to contact the company but we only got a general mailbox.

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

1,445,850

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 company has been in business for 11 years. It has a staff of 5 employees which makes it a small sized company.

 

 

The company has a solid business relation as it has associated companies in India and Brazil.

 

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

 

Based on the financial information, the income per employee is pretty good for its size.

 

Therefore we consider a credit line in the range of USD 20,000.

 

We suggest monitoring the 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 a general mailbox we left them a message but we didn't get an answer yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.65

UK Pound

1

Rs.77.80

Euro

1

Rs.65.05

 

 

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.