MIRA INFORM REPORT

 

 

Report Date :           

21.03.2012

 

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL NURSERY PRODUCTS INC

 

 

Registered Office :

1818-1177 West Hastings Street, Vancouver, BC V6E 2K3

 

 

Country :

Canada

 

 

Year of Establishment :

1983

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacture nursery containers

 

 

No. of Employees :

25

 

 

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 20,000

Status :

Moderate

Payment Behaviour :

Unknown

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: Nil

Currency: USD

Branch Situation: Medium

 

 

IDENTIFICATION

 

Legal Name:

International Nursery Products Inc

 

 

Legal Address

1818-1177 West Hastings Street, Vancouver, BC V6E 2K3 (HEADQUARTERS)

Operative Address

32923 Mission Way Mission BC (HEADQUARTERS)

Telephone:

800-546-4787 / 1-604-6965517

ID :

N.A.

Fax:

1-604-8205420 / 604-820-5420

Legal Form:

Corporation for Profit

Email:

info@inurseryproducts.com

Registered in:

N.A.

Website:

http://www.inurseryproducts.com

Date Created:

1983

Manager:

Barbara Milne, General Manager

Date Incorporated:

1983

Staff:

25

Stock:

N.A.

 

 

Value:

N.A.

Activity:

manufacture nursery containers.

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

                                                                                                                                       

                                                                                                                                        

BUSINESS

 

HISTORY

 

International Nursery Products has been serving the nursery industry since 1983.

PRINCIPAL ACTIVITY

 

The company manufactures #1-#20 gallon nursery containers.

 

Also the company customs painting and a variety of different colored nursery containers.

Sales are:

 

Retail

Clients:

 

general public.

Suppliers:

 

ANBAO INTERNATIONAL LTD.

NO.33 QINHUANGXI STREET QINHUANGDAO P.R.CHINA 066000

 

 

Operations area:

 

National

The company imports from CHINA

The company export to U.S.A.

The subject employs 25 employees

Comments on staff:

 

The company has not a fix number of employees, could change month by month according with the demand.

PAYMENTS

 

Unknown

LOCATION

Headquarters

 

1818-1177 West Hastings Street, Vancouver, BC V6E 2K3 (HEADQUARTERS)

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is family owned business.

Management:

 

Babara Milne,

General Manager

Phone: 1-800-546-4787

Fax: 604-632-9985

barb@inurseryproducts.com

 

Narinder Toor

Sales Representative &

Marketing Coordinator

Canada & Mexico

Phone: 604-820-5421

Fax: 604-820-5420

narinder@inurseryproducts.com

 

Ted Haynes

Sales Representative

U.S.A.

Phone: 604-764-8707

Fax: 604-696-5518

alex@inurseryproducts.com

 

Ben Milne

Plant Manager

Phone: 403-287-9844

Fax: 403-287-9845

ted@inurseryproducts.com

 

Michael Wu

Sales & Marketing Department

Phone: 86-532-81123188-1605

Cell: 86-15853240548

Fax: 86-532-81123189

mwu@interwrap.com

 

Alex Milne

Sales Representative

U.S.A.

Phone: 604-764-8707

Fax: 604-696-5518

alex@inurseryproducts.com

                                                                                                                                       

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Alex Milne, Sales Representative

who refused to provide us any financial data without knowing the name of the inquiring party.

Comments on the financial data: As of today, the financial numbers of the company were neither provided to us, or to our sources.

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a LOW credit rate.

 

 

 Final Opinion

 

-We could not get any financial information from the company.

 

-Is a small company with over 9 years in the market, which is not yet known in its area.

 

-The company exports from China, and exports to U.S.A.

 

-A credit line may be considered for USD 20,000

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

N.A.

 

Cash

LOW

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Alex Milne

 

Position

 

Sales Representative

Comments

 

The person contacted was not helpfull, also did not want to confirm or provide any kind of information.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.25

UK Pound

1

Rs.79.76

Euro

1

Rs.66.52

 

 

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.