MIRA INFORM REPORT

 

 

Report Date :

07.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SWIFT SUPPLY CHAIN

 

 

Registered Office :

Fort Fort AB T2A6T6

 

 

Country :

Canada

 

 

Year of Establishment :

1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Cement Consultancy, construction, industrial, oil field supplies and Immigration

 

 

No. of Employees :

20

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Swift Supply Chain

 

 

Legal Address

Fort Fort AB T2A6T6

Operative Address

Fort Fort AB T2A6T6

Telephone:

+1 780 972 8780

ID :

NA

Fax:

+1 780 972 8780

Legal Form:

Limited Liability Company

Email:

sales@swiftsupplychain.com

Registered in:

Canada

Website:

http://www.swiftsupplychain.com

Date Created:

1998

Manager:

Zuizz Roger

Date Incorporated:

2009

Staff:

20

Stock:

NA

 

 

Value:

NA

Activity:

Cement Consultancy, construction, industrial,oil field supplies and Immigration

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

Swift Supply Chain was created in 1998

PRINCIPAL ACTIVITY

 

Swift Supply Chain, is an export house, with presences in North America, UK and Europe.

 

With more than 20 years of management experience dealing in the OCTG items, Cement Consultancy, oil field supplies, construction  material/equipment, industrial supplies, Power Generation, parts, tools, chemicals and accessories.

Products/Services description:

 

They offer a wide selection with excellent delivery schedules of Fittings, Flanges, Valves, Stud Bolts, Gaskets, Teflon, Plates, Sheets, Flats, Angles, Bars etc. for a broad range of industrial, oil, gas, chemical, petrochemical, power , tools and marine applications.

Sales are:

 

Wholesale

Clients:

 

Companies related to oil & gas businesses.

Operations area:

 

National, International, Local

The company exports to Russia and CIS, Middle East, Far East Asia, North America

The subject employs 20 employees

PAYMENTS

 

Regular

LOCATION

Headquarters

 

Fort Fort AB T2A6T6

 




Shareholders

- Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private held company, but despite our long research we could not confirm the name of the main shareholders

Management:

 

Mr. Zuizz Roger (Procurement Department)

 

                                                                                                                                       

Financials

 - Commercial Trends And Forecast

 

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

Comments on the financial data: We could not get any financial information from or about the company, despite our many calls to the contact number.

Legal Fillings

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

 

 

Rating

 

Local credit bureau did not rate this company.

 

 

 Final Opinion

 

Swift Supply Chain is an export house, based in North America, UK and Europe. We offer more than 20 years of management experience dealing in the OCTG items, Cement Consultancy, oil field supplies, construction material/equipment,industrial supplies, Power Generation, parts, tools, chemicals and accessories.

 

However get information or contact the company is very difficult and after our research we could not confirm the contact number corresponds to the company.

 

We suggest not dealing on credit at this time and follow the evolution of the company within 12 months.

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

 

APPENDIX

 

Comments

 

We had contact a woman at the company's number but she did not confirm if the number corresponds to the company and as soon as we asked her for further information she hanged up the phone call.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.50

UK Pound

1

Rs.85.58

Euro

1

Rs.69.30

 

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%)

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.