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Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SYMTEC TRADING INC |
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Registered Office : |
5805 Whittle Road, |
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Country : |
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Year of Establishment : |
2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Industrial Products Provider. |
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No. of Employees : |
3 |
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 : |
Slow |
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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 |
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 |
GEOPOLITICS –
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 98.5461 USD |
IDENTIFICATION
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Legal Name: |
SYMTEC TRADING INC |
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Legal Address |
5805 Whittle Road, Suite 206, Mississauga, Ontario L4Z 2J1, Canada. |
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Operative Address |
5805 Whittle Road, Suite 206, Mississauga, Ontario L4Z 2J1, Canada. |
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Telephone: |
+1 (905) 507-9206 |
ID : |
N/A |
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Fax: |
+1 (905) 507-2693 |
Legal Form: |
Corporation for Profit |
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Email: |
info@symtectrading.com |
Registered in: |
Canada |
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Website: |
www.symtectrading.com |
Date Created: |
2004 |
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Manager: |
Abhas Sur, President. |
Date Incorporated: |
N/A |
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Staff: |
3 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Industrial Products Provider. |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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The company was founded in 2004. |
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PRINCIPAL ACTIVITY |
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The company is an Industrial Products Provider. They specialize in
sourcing piping material from around the world. They also have experience in the supply of instrumentation products in
pressure, temperature, flow, and level. |
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Products/Services description: |
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Pipe Line Materials Instrumentation Valves |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals in various industries, such as Oil and Gas,
Petrochemicals, Refineries, Power, and others. |
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Operations area: |
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National, International, Local |
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The company imports from worldwide, depending on the demand. |
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The company exports to worldwide, depending on the demand. |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
on grounds of confidentiality. |
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Competitors: |
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National-Oilwell Canada Ltd Distribution L A P Inc Vermeer Canada Inc Matson Ego Fields Supply Inc Bass International Inc |
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The subject employs 3 employee(s) |
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Comments on staff: |
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This information couldn't be confirmed during the interview. |
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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 5805 Whittle Road, Suite 206,
Mississauga, Ontario L4Z 2J1, Canada. |
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Branches: |
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The company would have a branch at: 80 Acorn Place, Unit No.56 Mississauga, Ontario, L4Z 4E1, Canada. However, this information could not be verified. |
Shareholders - 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 main shareholder would be Mr. Abhas
Sur; However, we couldn't confirm this information when we called. |
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Management: |
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Abhas Sur, President. |
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Related Companies: |
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The subject has international partners: Symtec Trading Inc (India) A1 Wing, Unit 604, Punyodaya Park, Adharwadi Road, Kalyan (West)
421301, India Phone/ Fax: +91 (251)
231-5163 Email:
info@symtectrading.com |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Herna, representative who refused to provide us any
financial data without knowing the name of the inquiring party. |
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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 |
2010 |
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Turnover |
987,400 |
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The cash flow is |
NORMAL |
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Comments on the financial data: The latest
financial information found for Symtec Trading Inc, is in the range of USD
750,000. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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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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Symtec Trading Inc is a small sized company with 3 employees and 8
years of experience in the business. The structure is well established and it has solid connections with
its Indian suppliers and partners. There were no legal filings found against the company or its legal
representatives. The figures had not been disclosed by the company. They were conciliated
with our private sources and from a particular analysis of the company’s
structure. Based on the financial information, the income per employee is correct
for its size. However, there would have been a decrease on about a 24% on the
revenue compared to the year 2010. Consequently, based on the general information analyzed. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Herna |
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Position |
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Representative |
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Comments |
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She refused to provide us or confirm any information about the company
without knowing the exact name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.15 |
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1 |
Rs.86.30 |
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Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.