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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
BOFT FINE RUGS GALLERY LTD |
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Registered Office : |
1335-9 Avenue SE, |
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Country : |
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Year of Establishment : |
1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Fine Rug Gallery |
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No. of Employees : |
05 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD =
98.3640 USD |
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Legal Name: |
BOFT FINE RUGS GALLERY LTD |
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Legal Address |
1335-9 Avenue SE, Calgary T2G 0T2, Canada. |
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Operative Address |
1335-9 Avenue SE, Calgary T2G 0T2, Canada. |
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Telephone: |
(403) 457-2633 |
ID : |
N/A |
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Fax: |
(403) 457-2633 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1983 |
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Manager: |
Ali Keshvari, Co-Owner. |
Date Incorporated: |
N/A |
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Staff: |
5 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Fine Rug Gallery |
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Name of the Bank |
Royal Bank of Canada |
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HISTORY |
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The company was established in 1983. |
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PRINCIPAL ACTIVITY |
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The company engages as a fine rugs gallery. |
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Products/Services description: |
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It offers a wide selection of authentic, hand-knotted rugs, directly
imported from weavers in Iran. The antique, semi-antique and new rugs come in a range of designs and colours
and materials including wool, wool and silk and 100-percent silk. Boft also offers in-home trials, rug appraisals and professional
cleaning and repair services. |
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Sales are: |
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Retail |
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Clients: |
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General clientele. |
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Operations area: |
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National |
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The company imports from Asia. |
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The company does
not export |
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The subject employs 5 employee(s) |
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Comments on staff: |
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The figures were not disclosed by the company. They were conciliated with
our private sources and from a particular analysis of the company´s
structure. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: 1335-9 Avenue SE, Calgary T2G 0T2,
Canada. |
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Comments on location: |
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Store and executive office. |
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Branches: |
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The company does not report any branches. |
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 owners are Mr. Ali Keshvari and Ms.
Sarah Jacobs. |
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Management: |
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Mr. Ali Keshvari, Co-Owner. Ms. Sarah Jacobs, Co-Owner. |
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Related Companies: |
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Sister Company: *Kensington Carpets 193 Baldwin Street (Kensington Market) Toronto, ON M5T 1M1 Tel: 416-260-1144 |
Commercial Trends and Forecast
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As a private company the subject does not
publish any financial statements. |
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At this time, the 2011 financial figures
were neither revealed nor released to our sources. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
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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. |
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Final
Opinion |
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This is a small sized Canadian company
which has been operating since 1983. The company is active and doing business. The company's structure is small but seems
to be established. It comprises an operative location in
Calgary, Canada, and employs approximately 5 workers. The company is directly managed by its
owners. |
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Profitability |
N.A. |
Public
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NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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Person Interviewed |
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Ms. Shana |
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Position |
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Representative at Kensington Carpets. |
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Comments |
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The contacted person told us that it was not able to contact the company's
owners. She refused to provide information without knowing the name of the
inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.81 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.