MIRA INFORM REPORT

 

 

Report Date :           

14.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

PRESTIGE PASSIONNES DE TAPIS PERSANS INC

 

 

 

 

Registered Office :

9-2600 boul. Laurier, Québec (Québec) G1V4T3

 

 

 

 

Country :

Canada

 

 

 

 

Date of Incorporation :

16.07.1998

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

manufacturing of Karastan Carpet, Outdoor Carpet, Black Carpet, Car Carpet and Bathroom Carpet

 

 

 

 

No. of Employees :

05

 

 

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 5,000

 

 

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: Federal


Economic Risk: Normal

Currency: USD

Branch Situation: Medium

 

 

IDENTIFICATION

 

Legal Name:

PRESTIGE PASSIONNES DE TAPIS PERSANS INC

Trade Name:

PRESTIGE TAPIS PERSANS ET ORIENTAUX

Legal Address

9-2600 boul. Laurier

Québec (Québec) G1V4T3

Canada

 

 

Telephone:

(418) 650-4400

ID :

1147890835

Fax:

(418) 780-1800

Legal Form:

Corporation for Profit

Email:

info@prestigecarpet.ca

Registered in:

CANADA

Website:

http://www.prestigecarpet.ca

Date Created:

JULY 16TH 1998

Manager:

Vahid Shakibaian President & Board Member

Date Incorporated:

AUGUST 4TH 1998

Staff:

5

Stock:

N.A.

SIC Code :

5713

Value:

N.A.

Activity:

Retail Trade of objects of art and of crafts, of gifts, of articles of fantasy and of memories

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

 

BUSINESS

 

HISTORY

 

The company was established in 1998.

PRINCIPAL ACTIVITY

 

The company´s principal activity is related with the manufacturing of Karastan Carpet, Outdoor Carpet, Black Carpet, Car Carpet and Bathroom Carpet.

Sales are:

 

Retail

Brands:

 

-PRESTIGE TAPIS PERSANS ET ORIENTAUX

 

Clients:

 

PUBLIC IN GENERAL.

Operations area:

 

National

The subject employs 5 employees

PAYMENTS

 

made on a 90 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

9-2600 boul. Laurier

Québec (Québec) G1V4T3

Canada

The property is:

 

Rented

Branches:

 

Galeries de la Capitale

5401 Blvd Des Galeries- Entrance #F

Québec, Québec, Canada

G2K 1N4

Tel: (418) 554-4440

Business Overview:

 

Companies in this industry sell floor coverings and window treatments. Floor covering products can include carpets and rugs, and floor tile and vinyl floor coverings. Window treatment products include curtains, drapes, blinds, and shades. Companies that primarily retail ceramic or wood floor coverings are not included in this industry.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Vahid Shakibaian, is the only owner of the company.

Management:

 

Vahid Shakibaian, President & Board Member, owner



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Vahid Shakibaian (President) who provided us with the following data:

 

Currency

DATE

USD

2011

Turnover

700,000

The cash flow is

NORMAL

 

 

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

 

-The company has over 10 years of experience in the market.

 

-They have a show room and they are thinking to open two more this year.

 

-It operates in the retail trade of objects of art and of crafts, of gifts, of articles of fantasy and of memories.

 

-It is a small size, privately owned company.

 

-A credit line may be considered for USD 5,000



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

MEDIUM

 

 

 






APPENDIX

 

Person Interviewed

 

Vahid Shakibaian

Position

 

President & Board Member

Comments

 

Mr. Vahid Shakibaian, informed that the revenue of the company during the last year, but he could not provide more info. because he did not have the figures by hand at the moment of the call. Also he indicated that the location of the company is rented and the payments are done every 90 days.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.85

UK Pound

1

Rs.77.97

Euro

1

Rs.65.62

 

 

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.