MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LES PRODUITS GOLDEN INC

 

 

Registered Office :

2447 Boul. Lacordaire,  H1N2M1, Quebec

 

 

Country :

Canada

 

 

Year of Establishment :

2005

 

 

Legal Form :

--

 

 

Line of Business :

Distributors/Wholesalers dates, juice, dried fruits, olives, oil, pasta, couscous

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

 

 

 

 

 

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

Les Produits Golden Inc

Trade Name:

GOLDEN FRUITS

Legal Address

2447 Boul. Lacordaire,  H1N2M1, Quebec Canada

Operative Address

2447 Boul. Lacordaire,  H1N2M1, Quebec Canada

Telephone:

+1-514-755-0981

ID :

N.A.

Fax:

+1-514-409-2125

Legal Form:

 

Email:

anistn@gmail.com

Registered in:

Canada

Website:

www.carthagofoods.com

Date Created:

2005

Manager:

Mr. Anis Bougarradh, Manager

Date Incorporated:

2005

Staff:

5

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Distributors/Wholesalers dates,juice,dried fruits,olives,oil,pasta,couscous

 

 

BANKS

 

Name of the Bank

First Bank of Canada

 

BUSINESS

 

HISTORY

 

Les Produits Golden Inc known as GOLDEN FRUITS, was created in 2005

PRINCIPAL ACTIVITY

 

The company operates as food wholesaler and ditributor.

Products/Services description:

 

The company offer the following products:

juice,dried fruits,olives,oil,pasta,couscous, and many more

Sales are:

 

Wholesale

Clients:

 

Companies related to food business

Operations area:

 

Local

The subject employs 5 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

2447 Boul. Lacordaire,  H1N2M1, Quebec Canada

Branches:

 

The company does not register any branch in Canada.

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company's main shareholder is Mr. Mr. Anis Bougarradh

Management:

 

Mr. Anis Bougarradh, Manager



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Mr. Anis Bougarradh who refused to provide us any financial data on grounds of confidentiality.

Comments on the financial data: Mr. Anis Bougarradh, refused to provide any financial information, also he was not cooperative during the call.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

Rating

 

Local credit bureau did not rate this company.

 

 

 Final Opinion

 

Les Produits Golden Inc known as GOLDEN FRUITS, has 7 years of experience as food distributor in Canada from their sole location, according with our research the location is not adapted to the company's activity, also during the call Mr. Anis Bougarradh was not cooperative and always answered with doubts when we asked him about the company.

 

After our research and the chat with the company we suggest not dealing on credit at this time and follow the evolution of the company within 6 to 9 months.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

N.A.

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Anis Bougarradh

Position

 

Manager

Comments

 

Mr. Bougarradh, was not cooperative during the call and he always answered with doubts.

 

 

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 :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.