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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
RAKAPOSHICA TRADERS LIMITED |
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Registered Office : |
P O Box No 41022 Rockwood Postal Outet Mississauga ON (Not verified) |
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Country : |
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Date of Incorporation : |
30.08.2004 |
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Legal Form : |
Private Company |
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Line of Business : |
Textile fabric to finished goods |
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No. of Employees : |
5 to 10 employees |
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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 100.007 USD |
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Legal Name: |
RAKAPOSHICA TRADERS LIMITED |
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Legal Address |
P O Box No 41022 Rockwood Postal Outet Mississauga ON Canada (Not
verified). |
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Telephone: |
+1-905-2769832 (Out of service) |
ID : |
6281419 |
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Fax: |
NA |
Legal Form: |
Private Company |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
NA |
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Manager: |
Asif Karim, Chief Executive Officer (Not verfied) |
Date Incorporated: |
August 30th, 2004 |
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Staff: |
5 to 10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Textile fabric to finished goods. |
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HISTORY |
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The structure was incorporated for business in the year 2004. |
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PRINCIPAL ACTIVITY |
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Dear client, For the company you requested we were unable to locate it. Although we found this company incorporated and Active in Corporate Name: RAKAPOSHICA TRADERS LIMITED UNIT 8, Corporation Number: 6281419 Business Number (BN): 851334870RC0001 Governing Legislation: However, there was no way to contact them. The phone number provided in the order (+1 (905) 276-9832) is out of
service. An additional phone number was found(+1 (416) 939-7467). We called
that number, but the male representative who took the call placed us on hold
for over five minutes without answering. The person contacted just said "hello", though didn't
release nor verify the company's name. Therefore, we couldn't confirm we were calling RAKAPOSHICA TRADERS
LIMITED In addition, we found three different addresses for the subject
company: -UNIT 8, But we were unable to confirm the actual headquarters as we were
unable to contact the company. The structure would be engaged in the import and distribution of home
products. |
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Products/Services description: |
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The company offers Socks, Towels, Bedding, all clearance, food, home,
Products, apparel, shoes, electronics and consumer goods among others. |
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Sales are: |
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Wholesale |
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The subject employs 5 to10 employee(s) |
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Comments on staff: |
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This information was not confirmed with the staff. |
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PAYMENTS |
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To be monitored |
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Asif Karim, Chief Executive Officer (Not verified) |
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As a private company the subject does not publish any financial
statements. |
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We have tried to contact the company but the phone number provided was
out of service, and regarding the other phone number, we could not confirm if
it belonged to the company. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1,000,000 |
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The cash flow is |
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Comments on the financial data: The figures had
not been disclosed by the company. They were conciliated with our private sources
and from a particular market approach regarding the subject’s scope of
business. |
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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 low 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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RAKAPOSHICA TRADERS LIMITED would be a
small sized company with 5 to 10 employees and over 8 years of experience since
its incorporation. In spite of finding this company
incorporated and active, we were unable to contact them. The figures had not been disclosed by the
company. They were conciliated with our private sources and from a particular
market approach regarding the subject’s scope of business. The income per employee would be pretty
for its size. Nevertheless, considering the fact that we
couldn't contact the company. We can only suggest working with
GUARANTEES. Please provide us with a working phone number
of the company's physical address in order to pursue our investigation. Payments need to be monitored. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
N.A. |
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Person Interviewed |
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Male representative from +1 (416) 939-7467 |
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Comments |
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The male representative didn't mention the company by the time he answered
the call. We asked if we were calling the RAKAPOSHICA TRADERS LIMITED but he
placed us on hold for over five minutes and disconnected the call after that. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.64 |
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1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.