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Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
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Name : |
PRATEX INDUSTRIES |
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Registered Office : |
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Country : |
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Year of Establishment : |
1985 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Apparel-Mens |
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No. of Employees : |
less than 20 |
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 : |
Moderate |
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Payment Behaviour : |
No Complains |
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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: USD |
IDENTIFICATION
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Legal Name: |
Pratex Industries |
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Legal Address |
66 Yorkminster Road Toronto Ontario M2P 1M3 |
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Operative Address |
66 Yorkminster Road Toronto Ontario M2P 1M3 |
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Telephone: |
+1- 416-588-2456 |
ID : |
N.A. |
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Fax: |
+1- 416-588-7022 |
Legal Form: |
Corporation for Profit |
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Email: |
N.A. |
Registered in: |
Canada |
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Website: |
N.A. |
Date Created: |
1985 |
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Manager: |
Prakash Tanna President
& Board Member |
Date Incorporated: |
1985 |
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Staff: |
less than 20 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Apparel-Mens |
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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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Pratex Industries was created in 1985 |
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PRINCIPAL ACTIVITY |
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Pratex Industries is a company dedicated to
import and distribute clothes. |
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Sales are: |
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Wholesale |
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Clients: |
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The public in general |
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Suppliers: |
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Shanghai Apa International Trading Guang Da Exhibitions Ctr 3006 Bu 80 Caobao Rd
Shanghai Cn 862164327360 Henan Artex Co., Ltd. No. 8, Zhenghua Road, Zhengzhou,
Henan, China, 450008 Leading Textile Co., Ltd. B537 No 933 North Tiantong Rd Ningbo China |
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Operations area: |
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National, Local |
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The company imports from China mainly. |
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The company does not export |
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The subject employs less than 20 employees |
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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 has their headquarters located at: 66 Yorkminster Road Toronto Ontario M2P 1M3 |
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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Pratex Industries is a subsidiary company of pratanna enterprises inc, located at: 1256 Caledonia Rd North York, ON M6A 2X5, Canada |
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Management: |
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Mr Suru, General
manager. Mr. Prakash Tanna
President & Board Member |
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 Mr. Suru who refused to
provide us any financial data on grounds of confidentiality. |
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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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Pratex Industries has 27 years of experience in
the market, operating from Canada, this company import most of their products
form China and distributes them around Canada. We are waiting to get an answer from our financial sources to define
some other details for this report. Please be aware that according with that
data this report could change. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Mr. Suru |
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Comments |
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Mr. Suru refused to provide any kind of
information. |
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.86.57 |
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Euro |
1 |
Rs.67.60 |
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.