MIRA INFORM REPORT

 

 

Report Date :           

06.03.2012

 

IDENTIFICATION DETAILS

 

Name :

RAYFENG INTERNATIONAL LTD

 

 

Registered Office :

Unit A, 565 Gordon Baker Rd., Toronto, Ontario, M2H 2W2

 

 

Country :

Canada

 

 

Date of Incorporation :

09.12.2009

 

 

Legal Form :

Limited Company

 

 

Line of Business :

The company markets granite and cabinets.

 

 

No. of Employees :

03

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 3,000

 

 

Status :

Small Company 

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

GOVERNMENT

Federal

Currency

1.00 CAD = 1.00637 USD

Economic Risk

Nil

Branch Situation

Stable

 

 

IDENTIFICATION

 

Legal Name:

RAYFENG INTERNATIONAL LTD

 

 

Legal Address:

Unit A, 565 Gordon Baker Rd., Toronto, Ontario, M2H 2W2, Canada

Operative Address:

Unit A, 565 Gordon Baker Rd., Toronto, Ontario, M2H 2W2, Canada

Telephone:

+1 (416) 490-0588

ID:

7293518

Fax:

+1 (416) 490-0988

Legal Form:

Limited Company

Email:

sales@rayfeng.com  

Registerd In:

Canada

Website:

http://www.rayfeng.com/

Date Created:

2009

Manager:

Honglei Wang, President

Date Incorporated

December 9th 2009

Staff:

3

Stock:

NA

 

 

Value:

NA

Activity:

The company markets granite and cabinets.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

 

 

 

BUSINESS

 

 

 

HISTORY:

 

The company was created in 2009.

PRINCIPAL ACTIVITY:

 

Markets granite and cabinets.

Products/Services description:

 

The company offers a wide selection of granite and kitchen cabinets.

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry

Operations area:

 

National,

 

The company imports from Various countries depending on demand.

 

 

 

Trade References :

 

 

We couldn’t contact a person at the company’s to provide us the trade references.

 

 

 

The subject employs 3 employee(s)

 

 

 

Payments :

 

 

regular

 

LOCATION :

 

 

 

Headquarters:

 

 

 

The company is headquartered at Unit A, 565 Gordon Baker Rd., Toronto, Ontario, M2H 2W2, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

 

Shareholders Parent Company(ies):

 

This is a private company. Honglei Wang would be among the main shareholders.

Management:

 

Honglei Wang, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

 

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

We have contacted the business and we were transferred to a voicemail. We left a message.

 

Currency

DATE

USD

2010

Turnover

738,112

The cash flow is NORMAL




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:

The subject is a small sized company.

It was incorporated for business in 2009. Therefore, it is a recently established business.

RAYFENG INTERNATIONAL LTD has achieved to remain stable in the market and has evolved in a positive way.

No collections of legal actions were traced against the subject during the course of this investigation.

Credit line may be considered for USD 3,000-.

 

 

 

Summary

 

FINANCIAL SUMMARY

DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments:

 


We have tried to contact a manager at the company's and we were directed to a voicemail. We left them a message but no one has replied it yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.79

UK Pound

1

Rs.78.79

Euro

1

Rs.65.73

 

 

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.