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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TORBRAM ELECTRIC SUPPLY CORPORATION (ORDERED CEFCO DIV OF TORBRAM ELECTRIC) |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1951 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Torbram Electric Supply Corporation distributes electrical products. |
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No. of Employees : |
500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2,000,000. |
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Status : |
Good |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Canada |
A2 |
A2 |
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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 = 98.2896 USD |
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Ordered as: |
Cefco Div of Torbram Electric |
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Address in the order: |
CANADA |
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Legal Name: |
TORBRAM ELECTRIC SUPPLY CORPORATION (ordered Cefco Div of Torbram
Electric) |
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Trade Name: |
CEFCO |
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Legal Address |
10 Perdue Court Caledon On L7c 3m6 Ca 905 495 4432 905 495 3494 |
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Operative Address |
10 Perdue Court Caledon On L7c 3m6 Ca 905 495 4432 905 495 3494 |
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Telephone: |
+1 (905) 495-0535 |
: |
N/A |
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Fax: |
+1 (905) 495-6631 |
Legal Form: |
Corporation for Profit |
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Email: |
nreeder@torbramelectric.com |
Registered in: |
Canada |
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Website: |
www.torbramelectric.com |
Date Created: |
1951 |
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Manager: |
Mr. Keith Nicholls - President |
Date Incorporated: |
1951 |
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Staff: |
500 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Torbram Electric Supply Corporation distributes electrical products. |
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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Torbram Electric Supply is a Canadian company that is part of a privately
owned Electrical Wholesale Network that was established in 1951. The group of electrical companies not only extends throughout Canada,
but also the United Kingdom, Western Europe, the U.S.A, the Middle East and
now Australia and New Zealand. |
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PRINCIPAL ACTIVITY |
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The company is an electrical manufacturer and distributor of
residential, commercial and industrial products. |
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Products/Services description: |
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The company offers a big variety of products under these categories: BALLASTS, CONTACT BLOCKS, CONTROL RELAYS, CONTROL STATIONS, CONTROL
TRANSFORMERS, DEFINITE PURPOSe, |
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Sales are: |
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Wholesale |
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Brands: |
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The company works with the following brands: DELUCE LIGHTING, FUISON LAMPS,
MCG INDUSTRIAL MOTOR, CONTROL AND AUTOMATION, |
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Clients: |
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It offers products online; and through its network of distribution
outlets and stores in Canada, as well as serves customers internationally. |
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Suppliers: |
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Déluce (DÉLUCELIGHTING.CA) MCG (MCG- PRODCUTS.CA) FUSION LAMPS (FUSIONLAMPS.CA) |
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Operations area: |
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National, International |
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The company imports from China |
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The company exports to Worldwide (depending on the demand) |
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The subject employs 500 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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10 Perdue Court Caledon On L7c 3m6 Ca 905 495 4432 905 495 3494 |
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The property is: |
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Owned |
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Branches: |
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The company currently has 71 branches across Canada. |
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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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Electrical Network Ltd is the main shareholder of the company. |
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Management: |
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Mr. Keith Nicholls - President |
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Related Companies: |
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The group of electrical companies extends also to the United Kingdom, Western
Europe, the U.S.A, the Middle East and now Australia and New Zealand. |
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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 several times but we were transferred to
voice mail. We left a message but it was not answered yet. |
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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 |
2011 |
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Turnover |
250,000,000 |
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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. |
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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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Torbram Electric Supply is a Canadian company that is part of a
privately owned Electrical Wholesale Network that was established in 1951. The group of electrical companies not only extends throughout Canada,
but also the United Kingdom, Western Europe, the U.S.A, the Middle East and
now Australia and New Zealand. The company is an electrical manufacturer and distributor of
residential, commercial and industrial products The company currently has 71 branches across Canada. It is a big size company with approximatel 500 employees, that import
some of its products from China and exports worldwide. Its profitability is correct regarding the financial information
obtained. After considering all the information in this report, we established a
credit line of USD 2,000,000. |
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Comments |
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We have contacted the company´s administrator and the company´s
information department 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.81 |
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1 |
Rs.86.03 |
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Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.