MIRA INFORM REPORT

 

 

Report Date :

18.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HOWARD GRAPHIC EQUIPMENT LTD (HOWARD DIRECT)

 

 

 

 

Registered Office :

2230 Meadowpine Blvd., Mississauga, ON L5N 6H6

 

 

 

 

Country :

Canada

 

 

 

 

Year of Establishment :

1967

 

 

 

 

Legal Form :

Limited Company           

 

 

 

 

Line of Business :

Supplier of used and reconditioned printing equipment

 

 

 

 

No. of Employees :

15

 

 

 

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: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

Howard Graphic Equipment Ltd (Howard Direct)

Trade Name:

(Howard Direct)

Legal Address

2230 Meadowpine Blvd., Mississauga, ON L5N 6H6 Canada

Operative Address

2230 Meadowpine Blvd., Mississauga, ON

L5N 6H6 Canada

Telephone:

(905) 821-0000

ID :

NA

Fax:

(905) 821-0055

Legal Form:

Limited Company

Email:

sales@howardgraphic.com

Registered in:

Canada

Website:

http://www.howard-direct.com

Date Created:

1967

Manager:

Nicholas Howard President & Board Member

Date Incorporated:

1967

Staff:

15

Stock:

NA

 

 

Value:

NA

Activity:

supplier of used and reconditioned printing equipment

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

The company was created in 1967.

 

The company was formed when H.W. (Bill) Howard bought a used Webendorfer and took up residence in a 250-square foot section of a friend’s machine shop.

PRINCIPAL ACTIVITY

 

Supplier of used and reconditioned printing equipment

Products/Services description:

 

The company engages in the sale and servicing of used and reconditioned printing, packaging and bindery equipment.

 

Sheetfed

1 & 2-color

4-color

5-color

6-color

7-color & up

and miscellaneous

Sales are:

 

Retail

Clients:

 

Companies related to printing market.

Suppliers:

 

RIVER GRAPHICS LTD

7-8 STRATFORDS HOBBS INDUSTRIAL EST NEW CHAPEL SRY RH7 6HN UNITED KINGD

 

UPA PRESS SDN BHD .

LOT 27678 SIMPANG SALAK SOUTH IND. AREA

 

Imprenta Universal Srl

Av Del Libertador Alem Mnes Ar

 

River Graphics Ltd.

7 8 Stratfords Hobbs Industrial Est New Chapel Sry Rh7 6hn United Kingd

Operations area:

 

National, International, Local

The company imports from Uk, Argentina,

The company exports to worldwide deppending on the demand

The subject employs 15 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 2230 Meadowpine Blvd. Mississauga, ON L5N 6H6 Canada

Surface area:

 

90,000 sq. ft

The property is:

 

Owned

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held. It is owned and operated by the HOWARD family.

Management:

 

NICHOLAS (NICK) HOWARD, PRESIDENT & BOARD MEMBER

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the receptionist but she refused to provide us any financial data without knowing the name of the inquiring party.

However our financial sources could provide us with the following data (estimates):

Currency

DATE

 

USD

2011

 

Turnover

4,500,000

 

The cash flow is

Normal

 

 

 

Currency

DATE

USD

2009

Turnover

3,933,000

 

 

Comments on the financial data: The financial data could not be confirmed with the company

Legal Fillings

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



Rating

 

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

 

Howard Graphic Equipment Ltd also known as Howard Direct, has 45 years of experience as supplier of used and reconditioned printing equipment, the company operates with 15 employees, in their location in Canada, this company import some of their products and export them worldwide according with de demand.

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Position

 

Receptionist

Comments

 

She refused to confirm information about the company and indicated us at the moments there was no one able to provide any kind of data.

 

 

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.