|
Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUNLINE RUBBER PRODUCTS INTERNATIONAL CO LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1928 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Rubber and Plastic Hose and Belting Manufacturing |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
|
Legal Name: |
Dunline Rubber Products International Co Ltd |
||
|
|
|
||
|
Legal Address |
1579 Hyde Park Road, London, Ontario, N6H 5L4, Canada |
||
|
Operative Address |
1579 Hyde Park Rd, LONDON, Ontario, N6H 5L4, Canada |
||
|
Telephone: |
+1 (519) 473 1116 |
ID : |
12345614330 |
|
Fax: |
+1 (519) 473 2287 |
Legal Form: |
Limited Company |
|
Email: |
Registered in: |
Canada |
|
|
Website: |
Date Created: |
1928 |
|
|
Manager: |
Cathy Cronyn, Vice President |
Date Incorporated: |
1938 |
|
Staff: |
35 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Rubber and Plastic Hose and Belting Manufacturing |
||
|
Name of the Bank |
First Bank of Canada |
|
HISTORY |
|
|
|
The company was created in 1928. |
|
PRINCIPAL ACTIVITY |
|
|
|
Manufacturers of rubber pre-shrinking belts |
|
Products/Services description: |
|
|
|
The company engages in the manufacture of rubber pre shinking belts. Dunline Rubber Belt Felt Blanket Rubber Repair Sheet Felt Doctor Silicon Carbide Grinding Cloth Belt Safe Compound Parallel Gauge Belt Lube Safe Wash |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Companies and public related to belt market. |
|
Suppliers: |
|
|
|
Dah Kong Enterprises Co., Ltd. 1 Chung Shan Rd Sec 1 Chung Hwa Taiwan SHANGHAI YE CHANG TEXTILE MACHINERY. 192, YA SHI JU, 99, XIN NAN ROAD SHANGHAI CHINA |
|
Operations area: |
|
|
|
National, International, Local |
|
The company imports from Taiwan, China |
|
|
The company exports to worldwide |
|
|
The subject employs 35 employees |
|
|
PAYMENTS |
|
|
|
made on a 60 days basis - monitored over the last 12 months |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at 1579 Hyde Park Road, London, Ontario,
N6H 5L4, Canada. |
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
This company is privately held. Despite our long searches we could not
identify the names of the shareholders. |
|
Management: |
|
|
|
Alex Scovil, President Joshua Masse, Vice President of International Customer Service Cathy Cronyn, Vice President Doug Taylor, Director of Intl. |
|
Related Companies: |
|
|
|
The following is a list of the company distributors world wide: Mr. Carlos Siedemburg Mr. Gabriel Siedemburg P.O.Box 10943, Montevideo,Uruguay Email: csiedemburg@montevideo.com.uy Mr. Delowar Hossain Texeem Engineering Pvt. Ltd 51/1, Naya Paltan Vip road, Rm. C10, D haka – 1000 Bangladesh Email: texeemparts@citech.net Tel: 88 02 8332651-52 Fax: 88 08321057 HP: 88 01713 008430 Mr Xujun Shanghai Ye Chang Textile Machinery Co., Ltd. Rm 101, East No 518 Shen Wang Road Xin Zuang Industrial Park Shanghai 201108 PR China Email: office@jonchang.com.cn Tel: 86 21 515 11377 Fax: 86 21 515 11372 MS.LINA ARBELAEZ DE G. Representaciones Arbealez Jaramillo SAS. Cra 63 B No. 32 E 25 Medellin, Colombia. Tel: 57 4 351 06 11 Cel: 313 732 95 19 Email
：lina.arbelaez@arjar.com.co
Website: www. Arjar.com.co Mr. Osama Elnomany Catec Consulting And Technical Engineering Co., P.O. Box 114 El Saray 242 Abdel Salam Aref St., Loran – Apr. 103 Alexandria 21411 Egypt Email: catec@catecegypt.com Tel: 203 583 3301 Fax: 203 582 3514 Mr. Carlos Siedemburg Mr. Gabriel Siedemburg P.O. Box 10943 Montevideo, Uruguay Email: csiedemburg@montevideo.com.uy
Mr. Kurt Bannasch Fabrikstr. 11 (Summa-Gebaude) 95145 Oberkotzau Germany Email: bannasch@gummituecher.de
Tel: 49 9286 8904 Fax: 49 928 68906 |
|
As a private company the subject does not publish any financial
statements. |
|
|
We have contacted Gloria Plata, Representative for logistics, who
refused to provide us any financial data on grounds of confidentiality. |
|
|
However our financial sources could provide us with the following data
(estimates): |
|
|
Currency |
DATE |
|
USD |
2011 |
|
Turnover |
5,000,000 |
|
The cash flow is |
Normal |
|
Currency |
DATE |
|
USD |
2009 |
|
Turnover |
3,185,920 |
|
Comments on the financial data: We could not
confirm the financial data with the company. |
|
Legal Fillings |
|
The
sources consulted record no detrimental legal or labor court information. |
|
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 |
|
|
|
Dunline Rubber Products International Co Ltd,
operates as belting manufacture from their main location in Canada with 35
employees and 74 years of experience in the market. They also have
international representation through retailers around the world. |
|
|
|
||
|
Profitability |
N.A. |
Public |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
|
Person Interviewed |
|
|
|
Gloria Plata |
|
Comments |
|
|
|
She refused to provide or verify any information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.92 |
|
UK Pound |
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.