MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ASHLIN-BPG MARKETING INC

 

 

Registered Office :

2351 Royal Windsor Drive, Unit # 10, Mississauga, Ontario, L5J 4S7

 

 

Country :

Canada

 

 

Date of Incorporation :

1989

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Distributors of leather goods.

 

 

No. of Employees :

16

 

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 = 98.2814 USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Ordered as:

BPG Marketing

Address in the order:

2351 Royal Windsor Drive Unit 10 Mississauga Ontario L5J457

CANADA

 

 

Legal Name:

ASHLIN-BPG MARKETING INC. (ordered as BPG Marketing)

Trade Name:

ASHLIN - B.P.G. Marketing

Legal Address

2351 Royal Windsor Drive, Unit # 10

Mississauga, Ontario, L5J 4S7, Canada

Operative Address

2351 Royal Windsor Drive, Unit # 10

Mississauga, Ontario, L5J 4S7, Canada

Telephone:

+1 (905) 855-3027

 :

N/A

Fax:

+1 (905) 855-7752

Legal Form:

Corporation for Profit

Email:

ashlin@ashlinbpg.com

Registered in:

Canada

Website:

www.ashlinbpg.com

Date Created:

1989

Manager:

Ashok Kocshar - President

Date Incorporated:

1989

Staff:

16

Stock:

N/A

 

 

Value:

N/A

Activity:

Distributors of leather goods.

 

 

BANKS

 

Name of the Bank

HSBC

 

 

BUSINESS

 

HISTORY

 

BPG Marketing was founded in 1989 , in Oakville, Ontario , Canada. The "ASHLIN" brand name was introduced during 1990.

PRINCIPAL ACTIVITY

 

The company market leather products.

Products/Services description:

 

Agenda and Journals, Bags / Briefcases, Canadiana, Credit Card/Business Card Case, Fanny Packs,

Home Accessories, Police Accessories,

Tech & Media cases, Writing Cases, Yoga Accessories, Executive Gifts, Leather Garments , Travel Accessories, Change, Purses and pouches, Key Fobs, Ladies Wallets, Men's wallets, among others.

 

Te company also provides custom work.

Sales are:

 

Wholesale

Brands:

 

The company works with its own brand ASHLIN.

It also works with RCMP Crest or HORSE & RIDER.

 

Ashlin - BPG Marketing Inc. is also licensed manufacturer of products with the Breast Cancer Society Of Canada and Rotary International logo.

Clients:

 

The company provides its products to retailers, distributors, the Ad Specialty industry , which includes  Automotive manufacturers,  Insurance Companies, Banking Institutions and Computer Manufacturers.

Operations area:

 

National, International

The company imports from China

The subject employs 16 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

2351 Royal Windsor Drive, Unit # 10

Mississauga, Ontario, L5J 4S7, Canada

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Ashok Kocshar is the company´s owner.

Management:

 

Ashok Kocshar - President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company but we were transferred to voice mail several times. We left a message but it has not been answered 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.

 

 

 

 

 

Legal Fillings

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

 

 

Rating

Local credit bureau gave a Normal credit rate.

 

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

 Final Opinion

 

BPG Marketing was founded in 1989 , in Oakville, Ontario , Canada. The "ASHLIN" brand name was introduced during 1990.

 

It is a samll size company of sixteen employees that provides leather products to retailers, distributors and corporations.

 

Its annual revenue is correct according to the financial information obtained. Moreover, there was not found any detrimental information.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company but we were transferred to voice mail several times. We left a message but it has not been answered yet.

 

However, the answering machine provides us of the company´s legal name.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.03

Euro

1

Rs.69.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.