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Report Date : |
26.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TCI MANUFACTURING INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1995 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Bags Manufacturer. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5,000.- |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 99.9849 USD |
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Ordered as: |
TCI Manufacturing Inc |
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Address in the order: |
55 Blizzard Street Fredericton NB E3B 8K3 |
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Legal Name: |
TCI Manufacturing Inc |
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Legal Address |
55 Blizzard St, Fredericton, NB E3B 8K4, Canada. |
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Operative Address |
55 Blizzard St, Fredericton, NB E3B 8K4, Canada. |
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Telephone: |
+1 (506) 457-6061 / +1 (800) 641-7201 |
ID : |
NA |
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Fax: |
+1 (506) 457-6063 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
NA |
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Website: |
Date Created: |
1995 |
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Manager: |
Louis Bertrand, President. |
Date Incorporated: |
NA |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Bags Manufacturer. |
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HISTORY |
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The company was founded in 1995. |
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PRINCIPAL ACTIVITY |
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It offers Bulk Bags, PP Bags and Plastic Liners. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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The company imports from Mainly from China and India. |
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The company exports to USA. |
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Trade References: |
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FUHUA PLASTIC CO.LTD. NO.689 HEPING EAST ROADSHIJIAZHUANG,050035, CHINA. |
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Comments on staff: |
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This information was verified by the person contacted. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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55 Blizzard St, Fredericton, NB E3B 8K4, Canada. |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Louis Bertrand is one of the major shareholders of the company. |
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Management: |
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Louis Bertrand, President. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Jaclyn who refused to provide us any financial data
on grounds of confidentiality. |
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Comments on the financial data: However our financial sources could
provide us with the information that the annual revenues of the company would
round CAD 500,000.- |
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Legal Fillings |
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The company and one of its
owners, Michael Maynard, have been pleaded guilty on July 27th 2007 for
criminal storage of hazardous waste. Between both subject, they had to pay USD 140,000.- The case was prosecuted by the Illinois Attorney General's office and
investigated by EPA CID. The person contacted said that this person is not longer part of the
company. |
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Local credit bureau gave a Correct credit rate. |
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Final Opinion |
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This small sized company has been doing business for over 15 years. The subject has always mattered on quality reaching the ISO 9000
Certification. It seems to adjust to regular payment terms. There was a legal filing found against the company. We could not
verify if the company has already payed all its debts regarding this lawsuit. A credit line may be considered for USD 5,000.- |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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Person Interviewed |
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Jaclyn. |
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Position |
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Accounts Payable. |
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Comments |
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She provided us with the following information: Creation Date. Staff. Imports & Exports. Management. Shareholders. She refused to provide our agents with: Financial Figures. Bank References. Payment Terms. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.