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Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MR X INC |
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Registered Office : |
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Country : |
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Year of Establishment : |
2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Digital Studio |
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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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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 97.6265 USD |
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Legal Name: |
MR X INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (416) 595-6222 |
ID : |
NA |
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Fax: |
+1 (416) 595-9122 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
2001 |
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Manager: |
Dennis Berardi, President. |
Date Incorporated: |
NA |
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Staff: |
50 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Digital Studio. |
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HISTORY |
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The company was founded in 2001. |
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PRINCIPAL ACTIVITY |
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Mr. X is a digital studio specializing in feature film animation and visual
effects. |
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Products/Services description: |
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Recent credits such as: The Three Musketeers, The Thing, Hanna,
Twillght Saga: Breaking Dawn Part 1, TRON: Legacy, Resident Evil: Afterlife,
Scott Pilgrim vs. The World, Hot Tub Time Machine, Fast & Furious, Death
Race, and Shoot 'Em Up, Mr. X continues to demonstrate its passion for visual
story telling. |
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Operations area: |
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National |
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The company imports from Worldwide, depending on demand. (not
verified) |
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The subject employs 50 employee(s) |
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Comments on staff: |
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This information was not verified by the person contacted. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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- 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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Dennis Berardi would be one of the major shareholders of the company. However, this information was not verified by the person contacted. |
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Management: |
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Dennis Berardi, President & VFX Supervisor. Lara Osland, Business Development & Marketing. Diana Pazzano, Operations/HR Manager. Mike Borrett, VFX Production Manager. Sarah McMurdo, Senior VFX Producer. |
- 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 a female representative who refused to provide us any
financial data on grounds of confidentiality. |
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Comments on the financial data: However our
financial sources could provide us with the information that the annual
revenues of the subject would round CAD 5,000,000.- |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
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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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This small/medium sized company has been doing
business for over 10 years. It has been growing interestingly since
its inception and continues doing so. It is managed by very experienced people. It would adjust to regular payment terms. No legal filings were found against it. |
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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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Person Interviewed |
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Female Operator. |
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Comments |
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She refused to provide us with any kind of information on her company
on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
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UK Pound |
1 |
Rs.86.69 |
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Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.