MIRA INFORM REPORT

 

 

Report Date :

26.03.2012

 

IDENTIFICATION DETAILS

 

Name :

LES ETIQUETTES IML INC

 

 

 

 

Registered Office :

175 Rue Williams Saint-Eustache Qc J7r 0a4

 

 

 

 

Country :

Canada

 

 

 

 

Date of Incorporation :

15.12.2006

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Labels Gravure Printing

 

 

 

 

No. of Employees :

17

 

 

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 :

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

 

Legal Name:

LES ETIQUETTES IML INC

 

 

Legal Address

175 RUE WILLIAMS

SAINT-EUSTACHE QC J7R 0A4

Canada

 

 

Telephone:

(450) 491-8008

ID :

4389212

Fax:

(450) 491-6006

Legal Form:

Corporation for Profit

Email:

rwalmsley@imllabels.com

Registered in:

CANADA

Website:

http://www.imllabels.com

Date Created:

2006

Manager:

Donald Caron, Vice President & Board Member

Date Incorporated:

DECEMBER 15th 2006

Staff:

17

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Labels Gravure Printing

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was stablished in Canada (2006)

PRINCIPAL ACTIVITY

 

IML Labels specializes in printing exclusively in IML (in-mould labelling).

 

Prepress:

 

Integrated document preparation and verification services (reception of your documents and pictures, retouching, colour adjustments, preparing high-resolution plates and proofs, including the archiving of all your work).

 

Printing:

 

-6-colour press plus varnishing

-Inks and varnishes for the food sector

-Polypropylene film

 

Die-cutting:

 

-Die-cutting is available per sheet or per bulk, and always matches the label formats with most precision.

 

Logistics and packaging:

 

All shipments are always carefully identified, sorted and protected to guarantee the integrity of your product on reception.

Sales are:

 

Wholesale

Clients:

 

Any kind of companies with label needs.

Suppliers:

 

An Corporation

Hirai Bldg 1f 2 33 5 Kichijoji Honcho Musashino Shi Tokyo 180 0004 Japan

Operations area:

 

National, International, Local

The company imports from Japan

The company exports to U.S.A. and EUROPE

The subject employs 17 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

175 Williams Street, Saint-Eustache, QC  J7R 0A4



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

GEST-CAN RLX (2000) INC.

77 rue de l'Église Saint-Placide (Québec) J0V2B0 Canada

 

CARON, DONALD

142 rue Trudeau Beauharnois (Québec) J6N2L4

Canada

Management:

 

Donald Caron, Vice-President

dcaron@imllabels.com

142 rue Trudeau Beauharnois (Québec) J6N2L4 Canada

 

David Campion, Sales Coordinator

dcampion@imllabels.com

 

Robert Walmsley, Executive Account Manager

rwalmsley@imllabels.com

 

BAUER BOUVERET, CHRISTINE, Secretarie

4032 rue Sainte-Angèle Mirabel (Québec) J7N2P2 Canada

 

LACROIX, BRUNO, Administrator

145, IMPASSE DES GÉLINOTTES BOIS D'AMONT 39220 FRANCE

 

LACROIX, PATRICE, Administrator

2 GRANDE RUE SANS VALLOIS 88260 FRANCE

 

BOUVERET, NICOLAS, Administrator

4032 rue Sainte-Angèle Mirabel (Québec) J7N2P2 Canada

 

LACROIX, JEAN-PIERRE, President

78, RUE DES COTEAUX BOIS D'AMONT 39220 FRANCE

 

 

 

 

 

 

 

 

 

 

 

 

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

1,500,000

 

The cash flow is

NORMAL

 

 

 

Legal Fillings

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



Rating

 

Local credit bureau gave a MEDIUM 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 6 years of experience in the market.

 

-LES ÉTIQUETTES I.M.L. INC. is a small size company with 17 employees.

 

-The company is specialized in labels printing, with a special tecnique called IML (in-mould labelling).

 

-The company offers their services worldwide according with the demand.

 

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

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

MEDIUM

 

 

 

 

 

APPENDIX

 

Comments

 

We contacted the company, but the person who answer the call, refused to provide any kind of information.

 

 

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.