MIRA INFORM REPORT

 

 

Report Date :

26.03.2012

 

IDENTIFICATION DETAILS

 

Name :

EMBALLAGES STARFLEX INC

 

 

 

 

Registered Office :

3333, Boulevard Du Souvenir, Bur. 200 Ville De Laval (Québec) H7v1x1

 

 

 

 

Country :

Canada

 

 

 

 

Date of Incorporation :

04.01.1999

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Package Designing and Development

 

 

 

 

No. of Employees :

52

 

 

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

 

Maximum Credit Limit :

USD 40,000

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 – September 30, 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 – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Comments on data supplied:

The company name provided does not match with the real name the real name of the company is EMBALLAGES STARFLEX INC

Legal Name:

EMBALLAGES STARFLEX INC

 

 

Legal Address

3333, BOULEVARD DU SOUVENIR, BUR. 200

VILLE DE LAVAL (QUÉBEC)

H7V1X1 (REGISTERED AGENT ADDRESS)

Operative Address

12325 rue April

Montréal (Québec) H1B5L8

Canada (HEADQUARTERS)

Telephone:

(514) 640-0674

ID :

3603326

Fax:

(514) 640-0930

Legal Form:

Corporation for Profit

Email:

info@polystarinc.com

Registered in:

CANADA

Website:

http://polystarinc.com

Date Created:

1999

Manager:

TANGUAY GILLES, President

Date Incorporated:

JANUARY 04th 1999

Staff:

52

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Package Designing and Development

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

HISTORY

 

The company was established in 1999 and incorporated in Canada.

PRINCIPAL ACTIVITY

 

The company´s principal activity manufacture plastic Sacks And Bags Sacks And Bags, Cones, Of Plastics, and many others products related with packaging.

Sales are:

 

Wholesale

Clients:

 

Companies in general with need of packaging.

Suppliers:

 

ALIMENTOS Y FRUTOS S.A.

LO ECHEVERS 250 QUILICURA RM CHILE

Operations area:

 

National, International

The company imports from Chile.

The subject employs 52 employees)

PAYMENTS

 

regular

LOCATION

Headquarters

 

12325 rue April

Montréal (Québec) H1B5L8

Canada

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Emballages Starflex Inc is a private company, and is part of the group Polystar and business partners.

Management:

 

FRIEDMAN, HERSHEY, Vice-président

TANGUAY, GILLES, Président

Related Companies:

 

Polystar and business partners

7975 Marco Polo

Montreal, Quebec

H1E 1N8

Tel. 877-789-0837

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the receptionist who 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.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

 

USD

2010

 

Turnover

16,500,000

 

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 13 years of experience in the market.

 

-Is a medium size company with 52 employees.

 

-There were no legal filings found against the company or its legal representatives.

 

-The company has the back up of the parent company (Polistar and business partners).

 

-A credit line may be considered for USD 40,000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Creo

Position

 

controller

Comments

 

We tried to contact Mr. Creo, but after several times we could not reach him.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.90

UK Pound

1

Rs.80.77

Euro

1

Rs.67.40

 

 

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.