MIRA INFORM REPORT

 

 

Report Date :

18.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ADVANTUS STONE PRODUCTS INC

 

 

Registered Office :

60 Industry Way SE, Calgary, Alberta T3S-0A2

 

 

Country :

Canada

 

 

Date of Incorporation :

03.10.2006

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Import and wholesale granite, quartz and marble slabs & tiles.

 

 

No. of Employees :

14

 

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

 

 

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD  =  97.6100 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

ADVANTUS STONE PRODUCTS INC

 

 

Legal Address

60 Industry Way SE, Calgary, Alberta T3S-0A2, Canada.

 

Operative Address

60 Industry Way SE, Calgary, Alberta T3S-0A2, Canada.

 

Telephone:

+1 (403) 374-0224

Document Number :

AB-2012725392

Fax:

+1 (866) 897-7584

Legal Form:

Corporation for Profit

Email:

info@advantusproducts.com

Registered in:

Alberta

Website:

http://www.advantusproducts.com

Date Created:

2006

Manager:

Robert Braaten, President & Board Member.

Date Incorporated:

Octobe 3, 2006

Staff:

14

Stock:

NA

 

 

Value:

NA

Activity:

Import and wholesale granite, quartz and marble slabs & tiles.

 

 

BANKS

 

Name of the Bank

Bank of the West

 

BUSINESS

 

HISTORY

 

The company was established in 2006.

PRINCIPAL ACTIVITY

 

Advantus Stone Products is a private company located in Alberta, Canada.

 

The subject is working as an importer and wholesaler of Building Materials.

 

Products/Services description:

 

The company imports and wholesale: Granite, Quartz, Marble slabs and Tiles.

Sales are:

 

Wholesale

Suppliers:

 

*Kangli Stone Co., Ltd. (China)

*Best Cheer (Xiamen) Stone Works (China)

*Stone Mineracao Ltda (Brazil)

 

Operations area:

 

National

The company imports from Worldwide, depending on the demand.

The company does not export

The subject employs 14 employee(s)

 

 

Comments on staff:

 

The figures were not been disclosed by the company. They were conciliated with our private sources and from a particular analysis of the company’s structure.

 

 

 

 

PAYMENTS

 

made on a 20 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at: 60 Industry Way SE, Calgary, Alberta T3S-0A2, Canada.

Surface area:

 

27,000-square-foot

Comments on location:

 

Warehouse and offices.

Branches:

 

The company does not present any branches.

Business Overview:

 

Generally, the wholesale trade industry consists of two types of firms. First, there are the wholesale merchants who are primarily engaged in buying merchandise for resale to retailers, other businesses, trade contractors, and other wholesalers. Other business may include industrial, commercial, institutional, farm or professional firms. Second, there are firms that act as agents and brokers in the buying or selling merchandise on a commission basis. Wholesalers are a key link between manufacturers and the marketplace. They anticipate customer needs and demands, buy merchandise, carry inventory, assemble shipments, deliver merchandise, extend credit, provide knowledge on various aspects of marketing products in Canada and abroad, and provide consultation services.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a privately owned company. Our sources indicate that the company's shareholders are Paul Crane and Darryl Banman. However, we were not able to verify this information with the company.

 

Management:

 

Robert Braaten, President and Board Member.

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

 

 

Currency

DATE

 

USD

2008

 

Turnover

2,700,000

 

Operating Income

14,000

 

Net Income

6,000

 

Net worth

70,000

 

Liabilities

15,000

 

The cash flow is

NORMAL

 

 

 

Comments on the financial data: Our financial sources indicates that the company's current annual revenue is in a range between USD $2 million to USD $5 million.

The figures were not been disclosed by the company. They were conciliated with our private sources and from a particular analysis of the company’s structure.

Legal Fillings

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

 

 

 Rating

 

Local credit bureau gave a NORMAL credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

This is a small sized Canadian company which has been operating since 2006.

 

The company is active and doing business.

 

There is no detrimental information filed against the company within the district court.

 

The company's structure is solid and established. It comprises a 27,000-square-foot facility with a workforce estimated in 14 workers.

 

The financial information indicates that it has a normal performance in the market.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

 



APPENDIX

 

Person Interviewed

 

 

Robert Braaten.

Position

 

President and Board Member.

Comments

 

The contacted person refused to provide information about the company without knowing the name of the inquiring party.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.69

Euro

1

Rs.70.44

 

 

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.