MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

COMMERCE MARIAM INC

 

 

Registered Office :

6413 23e Avenue, Montreal, Quebec, H1T3N2

 

 

Country :

Canada

 

 

Date of Incorporation :

15.04.2008

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

imports ceramic floor tiles from China

 

 

No. of Employees :

Less than 5 people

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 1.00 CAD = 0.981186 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

COMMERCE MARIAM INC

Trade Name:

MARIAM TRADING INC

Legal Address

6413 23e Avenue, Montreal, Quebec, H1T3N2, Canada

 

Operative Address

6413 23e Avenue, Montreal, Quebec, H1T3N2, Canada (Headquarters - Not verified)

Telephone:

+ 1 (514) 385-6320 (Not verified)

ID :

1165107278

Fax:

+ 1 (514) 735-0381

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Canada

Website:

NA

Date Created:

2008

Manager:

Rim Chemakhi, President

Date Incorporated:

April 15th 2008

Staff:

Less than 5 people

Stock:

NA

 

 

Value:

NA

Activity:

Importer and distributor.

 

 

BANKS

 

Name of the Bank

CIBC Bank

Location                       

4149 Rue Jean Talon Est Montréal, QC H2A 2E7, Canadá

Comments

Phone: 514 725 4761
Fax: 514 725 4331

We called a female representative at the bank who refused to provide information about COMMERCE MARIAM INC on grounds of confidentiality.

 

BUSINESS

 

HISTORY

 

The company was incorporated in 2008.

PRINCIPAL ACTIVITY

 

The company is also doing business as MARIAM TRADING INC.

 

The business is categorized under "IMPORT-EXPORT" company.

 

We called the phone number found but we were directed to a voicemail. The recording did not mention the business name or the president's, so we cannot confirm it is the company's actual contact phone.

 

The company would have a related company bearing the same name based in Bangalore India which started in the year 2005. The structure in India imports ceramic floor tiles from China.

 

However, we cannot confirm the bond between that business and the subject.

 

Products/Services description:

 

We could not find more information on the company's products and services.

Sales are:

 

Wholesale, Retail

Clients:

 

Miscellaneous

 

 

Operations area:

 

National, International

Trade References:

 

The company's trade references were not confirmed by the staff.

The subject employs Less than 5 people employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company would be headquartered at 6413 23e Avenue, Montreal, Quebec, H1T3N2, Canada.

Comments on location:

 

This information was not confirmed by the staff.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Rim Chemakhi is the main shareholder.

Management:

 

Rim Chemakhi, President

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company but we were directed to a general voicemail.

Comments on the financial data: As of today, COMMERCE MARIAM INC’s 2011 numerical financial figures were neither released nor revealed to our sources.

Legal Fillings

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

 

 

The 2010 annual report was filed on June 22nd, 2011.

 

 

Rating

 

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.

 

 

 Final Opinion

 

The subject is a small size Canadian company.

 

It was incorporated in 2008 and its legal status is ACTIVE. Therefore, it is a recently established business.

 

COMMERCE MARIAM INC is also doing business as MARIAM TRADING INC.

 

We called the business but we had no positive results.

 

We were unable to confirm the location and the main activity, either.

 

At this point, taking into consideration the fact that we have no much information on the company's commercial activities, we can only suggest working with GUARANTEES.

 




SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

TO BE MONITORED

Cash

N.A.

 

 



APPENDIX

 

Comments

 

We were directed to a general voicemail. The recording did not mention the business or the president's name. We left a message but no one has replied it yet.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.