MIRA INFORM REPORT

 

 

Report Date :

17.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HEALTH 2000 INC

 

 

Registered Office :

30-70 East Beaver Creek Rd, RICHMOND, HILL, Ontario, L4B 3B2

 

 

Country :

Canada

 

 

Year of Establishment :

2000

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Specializes in the supplying of Pharmaceutical, Natural and Veterinary Products

 

 

No. of Employees :

Less Than 30

 

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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: 100 USD = 101.27 CAD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

Health 2000 Inc

 

 

Legal Address

30-70 East Beaver Creek Rd, RICHMOND, HILL, Ontario, L4B 3B2

Operative Address

30-70 East Beaver Creek Rd, RICHMOND,  HILL, Ontario, L4B 3B2

Telephone:

+1 (905) 794 0685 / 905) 882-7036

ID :

234567083943

Fax:

+1 (905) 794 4273 / (905) 882-7063

Legal Form:

Corporation for Profit

Email:

info@health-2000.com

Registered in:

Canada

Website:

http://www.health-2000.com

Date Created:

2000

Manager:

Jai Sukul, Managing Director

Date Incorporated:

2000

Staff:

less than 30

Stock:

NA

 

 

Value:

NA

Activity:

Specializes in the supplying of Pharmaceutical, Natural and Veterinary Products

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was founded in the year 2000.

PRINCIPAL ACTIVITY

 

Health 2000, manufacturer of pharmaceuticals, naturals and veterinary products, also distribute high quality generic pharmaceuticals and branded natural products in a growing number of countries around the world.

Products/Services description:

 

The following is the list of some product that the company produces.

 

Equine products

 

products for copmanion animals

poultry products

products for goats & sheeps

 

Natural products

 

brown and beautiful

rain forest noni

arouse

dia beat

reviver

positive weight loss

vita hair

tisane

protigen

Sales are:

 

Wholesale

Clients:

 

Pharmaceutical companies.

Operations area:

 

National, International

The company exports to Caribbean, South America, Western Europe and Hong Kong

The subject employs less than 30 employees

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is located in

30-70 East Beaver Creek Rd

RICHMOND HILL, Ontario

L4B 3B2

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Jai Sukul is the main shareholder of the company.

Management:

 

Jai Sukul, Managing Director

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Mr. Carl lash who refused to provide us any financial data without knowing the name of the inquiring party.

 

Currency

DATE

 

USD

2011

 

Turnover

2.5 to 5 million

 

The cash flow is

Normal

 

 

 

Currency

DATE

USD

2008

Turnover

204,336

The cash flow is

Normal

 

 

Comments on the financial data: Mr. Carl lash did not provide financial information about the company. However after our research with the information collected we could estimate a financial figures for 2011, also the information for 2008 was not verified with the company.

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

 

Health 2000 Inc, is a Distributor of generic pharmaceuticals, veterinary & naturals in the Caribbean, South America, Western Europe and Hong Kong, from their sole location in Ontario, Canda.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 






APPENDIX

 

Person Interviewed

 

Mr. Carl Lash

Position

 

Administrative

Comments

 

Mr. Carl Lash confirmed some of the information for this report, but he refused to provide financial information.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.