MIRA INFORM REPORT
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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
GROUPE MINT GREEN INC |
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Registered Office : |
2315 Rue Cohen, |
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Country : |
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Date of Incorporation : |
19.10.2004 |
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Legal Form : |
Compagnie |
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Line of Business : |
Sports Products Distributor |
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No. of Employees
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30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 = 100.552 USD |
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Comments on data supplied: |
Please notice that the company has merged
on October 21st. 2011. Find its current legal name in the
following lines. |
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Legal Name: |
GROUPE MINT GREEN INC |
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Legal Address |
2315 Rue Cohen, |
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Operative Address |
2315 Rue Cohen, |
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Telephone: |
+1 (514) 738-3486 |
NEQ : |
1162553029 |
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Fax: |
+1 (514) 738-9527 |
Legal Form: |
Compagnie |
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Email: |
NA |
Registered in: |
Québec |
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Website: |
NA |
Date Created: |
2004 |
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Manager: |
SCHNEIDER BARRY, President. |
Date Incorporated: |
October 19th. 2004 |
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Staff: |
30 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Sports Products Distributor. |
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HISTORY |
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"Vantage Sports Inc” was established in 2004. It has recently merged into its current name on October 21st. 2011. The company is also known as "MACGREGOR GOLF |
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PRINCIPAL ACTIVITY |
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DISTRIBUTION OF GOLF EQUIPMENT AND CLOTHING. |
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Sales are: |
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Wholesale, Retail |
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Operations area: |
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National, International |
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The company imports from Worldwide, depending on demand. (not
verified) |
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The company exports to Mainly to |
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Trade References: |
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Howard Chu International Co., Ltd. 13f 1 No MASCOT GARMENT MFG INC NO TIANJIN GARMENTS IMP EXP INC NO 1 YOUYI RD HEXI DISTRICT TIANJINTIANJIN CNTIANJIN, We could not verify these relationships with the companies. |
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The subject employs 30 employee(s) |
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Comments on staff: |
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This information was not verified by the company. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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2315 Rue Cohen, |
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Branches: |
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The company has an extra location at: 8420 ch. |
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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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The major shareholders of the company are: SCHNEIDER BARY L. AND ANN B. ORPHEUS TRUST. PLEIADES TRUST. This information was not verified by the company but was taken from
national official sources. |
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Management: |
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SCHNEIDER BARRY, President. FRANK CHARLES, Treasurer. This information was not verified by the company but was taken from national
official sources. |
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Related Companies: |
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MACGREGOR GOLF COMPANY: 1000, Although we could not verify this information with the company, this
would be a sister company of our subject. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted a male representative 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 subject would round CAD 8,500,000.- |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final
Opinion |
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This small sized company has a
considerable experience in its industry. It seems to have an interesting income per
employee. It is managed by very experienced people
in the industry which inspires much more confidence on the subject. It seems to adjust to regular payment
terms. No legal filings that could affect the
company's cash flow were found. A credit line may be considered for USD
100,000.- |
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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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Emily. |
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Position |
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Female Representative. |
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Comments |
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She refused to provide our agents with any kind of information on grounds of confidentiality. She just verified the Merge of her company and its addresses. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.91 |
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1 |
Rs.81.27 |
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Euro |
1 |
Rs.67.99 |
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 |
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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.