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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
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Name : |
INDWISCO LIMITED |
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Registered Office : |
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Country : |
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Year of Establishment : |
1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Provider of steel bars. |
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No. of Employees : |
50 |
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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Status : |
Satisfactory |
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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 |
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 – CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 98.7750 USD |
IDENTIFICATION
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Legal Name: |
INDWISCO LIMITED |
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Legal Address |
1-9010 Keele Street, Concord, Ontario, Canada L4K 2N2. |
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Operative Address |
1-9010 Keele Street, Concord, Ontario, Canada L4K 2N2. |
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Telephone: |
(905) 760-2200 |
ID : |
N/A |
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Fax: |
(905) 760-1002 |
Legal Form: |
Limited Company |
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Email: |
info@indwisco.ca |
Registered in: |
Canada |
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Website: |
http://www.indwisco.ca |
Date Created: |
1973 |
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Manager: |
Richard Evanshen,General Manager. |
Date Incorporated: |
N/A |
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Staff: |
50 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Provider of steel bars. |
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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 1973. |
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PRINCIPAL ACTIVITY |
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The company is a provider of straight and cut steel bar for a broad
range of applications, from wire displays to automotive parts. The company is ISO 9001:2008 Certified. |
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Products/Services description: |
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Offered products: Stainless Steel Cold Drawn Bar Stainless Steel Bar for Centerless Grinding Stainless Steel Wire in Coil Low Carbon Wire Cut to Length Low Carbon Wire in Coil C1018 Cold Drawn Bar Galvanized Steel Customer Supplied Product Capabilities Overstock Specials |
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Sales are: |
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Wholesale |
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Clients: |
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The company supplies over 500 customers across Canada and the United
States. They can be found in such industries as Food Service Components,
Metal Displays, Automotive Parts, Screw Machine Parts, Metal Furniture Components
and beyond. |
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Suppliers: |
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*Viraj Profiles Ltd. (India) *Baoshan Iron & Steel Co., Ltd. (China) |
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Operations area: |
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International |
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The company imports from India and China |
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The company exports to the United States. |
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The subject employs 50 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: 1-9010 Keele Street, Concord,
Ontario, Canada L4K 2N2. |
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Surface area: |
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45,000 sq ft. |
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Comments on location: |
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Manufacturing facility and executive office. |
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Branches: |
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The company does not report any branches. |
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. Despite our efforts, we were not able
identify the company's shareholders. |
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Management: |
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General Manager: Richard Evanshen Sales Executive: Jason Collins Accounting: Reg Boon Production & Q.C.: Jack Winn Inventory Management: Michael LaCelle |
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Related Companies: |
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The company does not report any related affiliate. |
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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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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Comments on the financial data: Our financial sources
indicates that the company's annual revenue is in a range between CAD $10
million to CAD $20 million. |
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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. Final Opinion This is a medium
sized Canadian company which has been operating since 1973. The company is
active and operational. Its business structure
is solid and established for its size. It comprises a 45,000 sq. ft.
manufacturing facility and employs approximately 50 people. The company
supplies over 500 customers across Canada and the United States. It is ISO
9001:2008 Certified. The financial
information indicates that the company has a normal performance in the
market. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Mr. Reg Boon |
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Position |
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Accounting |
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Comments |
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The contacted person 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 |
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US Dollar |
1 |
Rs.55.38 |
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1 |
Rs.86.75 |
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Euro |
1 |
Rs.68.06 |
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.