Updated report
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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
WESTECH GROUP LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.06.2006 |
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Legal Form : |
Limited Company |
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Line of Business : |
Textile Manufacturer |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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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Canada |
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 |
GEOPOLITICS
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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 |
IDENTIFICATION
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Legal Name: |
Westech Group Ltd |
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Legal Address |
1203 Leewood Drive, Oakville, Ontario, Canada L6M 3B3. |
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Operative Address |
1203 Leewood Drive, Oakville, Ontario, Canada L6M 3B3. |
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Telephone: |
+1 (905) 337-7178 |
ID : |
6580394 |
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Fax: |
+1 (905) 337-7181 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
NA |
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Manager: |
WES (WIESLAW) WYRWA, Director. |
Date Incorporated: |
June 15th. 2006 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Textile Manufacturer. |
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BUSINESS
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HISTORY |
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The company was incorporated in 2006. According to its phone answering machine, the company would have over
20 years of experience. |
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PRINCIPAL ACTIVITY |
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It evolves as a textile manufacturer. Its products are the staple raw material bases of the rubber, automotive,
agriculture, environmental, mining and energy industries as well as many
others. |
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Products/Services description: |
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The subject is vertically integrated, from its own yarn manufacturing,
weaving, treating to logistic and warehousing solution. The main products offered by the company are categorized under: CONVEYOR BELTING FABRICS. HOSE FABRICS. SPECIALTY FABRICS. COTTON CANVAS. LIGHTWEIGHT TEXTILES. TIRE CORDS. |
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Sales are: |
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Wholesale |
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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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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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Shareholders - 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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Despite our long searches we were not able to identify the main
shareholders of the structure. |
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Management: |
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WES (WIESLAW) WYRWA, Director. |
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Related Companies: |
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The company has distribution centers in North America, Africa and |
Financials - 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 SAM who refused to provide us any financial data on
grounds of confidentiality. |
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Comments on the financial data: As of today,
our private sources could not provide us with the financial statement of the
company. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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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 seems to be a small/medium sized company with over 20 years of
experience in the industry. It is established and positioned in the market. The company is vertically integrated as a competitive advantage. Its tailor made, quality certified manufacturing facilities (ISO
9001-2000), and customer service, show its commitment to high standards. It would adjust to regular payment terms. No legal filings were found against it. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Sam. |
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Position |
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Accounting Representative. |
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Comments |
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He refused to provide us with any kind of information on his company
on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.99 |
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UK Pound |
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
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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 |
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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.