MIRA INFORM REPORT

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

THE STONE CENTRE INC

 

 

Registered Office :

620 Bridge E, Kitchener, Ontario, N2J 4G8

 

 

Country :

Canada

 

 

Year of Establishment :

1980

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Cut Stone and Stone Products

 

 

No. of Employees :

3

 

 

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: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

The Stone Centre Inc

Trade Name:

Nelson Stone Centre

Legal Address

620 Bridge E, Kitchener, Ontario, N2J 4G8

Operative Address

620 Bridge E, Kitchener, Ontario, N2J 4G8

Telephone:

519-743-3511

ID :

3366733940

Fax:

519-743-3965

Legal Form:

Corporation for Profit

Email:

stonecentre3@aol.com

Registered in:

CANADA

Website:

http://www.monumentmaker.ca

Date Created:

1980

Manager:

Garth Nelson Partner

Date Incorporated:

July 23rd 2010

Staff:

3

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Cut Stone and Stone Products

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

Nelson Granite was created in 1980 and renamed as The Stone Centre Inc in 1995.

PRINCIPAL ACTIVITY

 

The Stone Centre Inc known as Nelson Stone Center, is one of Canada's largest and oldest manufacturers of monuments, markers and other granite products for the cemetery.

Products/Services description:

 

Burial Monuments, Cemetery Monuments, Custom Monuments, Funeral Monuments and Granite Monuments.

Sales are:

 

Retail

Clients:

 

Public in general

Suppliers:

 

ASHOK GRANITES LTD

4 35 BHARTHI STREET SWARNAPURI, SALEM-636 004 TAMIL NADU, INDIA

 

COUNTRY STONE LTD

INDUSTRIAL PARK, BLDG 15 PH +972 4 9783331 FAX +972 4 9873337 TEFEN 24959 IS

 

Excellence Investment And Trading

Rm 910 Bldg A F Group Beijing Garden Dihou Rd Licheng District Quanzhou Cn

Operations area:

 

National, Local

The company imports from India, UK,  China

The subject employs 3 employees

Comments on staff:

 

We could not confirm the number of employees with the company.

PAYMENTS

 

regular

LOCATION

Headquarters

 

620 Bridge E, Kitchener, Ontario, N2J 4G8

The property is:

 

Owned

Branches:

 

The company does not register any branch in Canada, but we could establish they offer their products by a large list of retailers.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Garth Nelson, is the company's sole owner.

Management:

 

Mr. Garth Nelson, General Manager

Related Companies:

 

BRANTFORD MONUMENTS

Indoor showroom & Outdoor Display

Located across street from Mt Hope Cemetery

174 Charing Cross Street, Brantford, Ontario

N3R 2J4

Tel: 519-753-3044 - Fax: 519-753-3044

 

GALT MONUMENTS

41 Hopeton Street

(across from Manchester Public School)

Cambridge, Ontario, N1R 3T4

Tel: 519-624-8644

Fax: 519-624-0198

 

IDEAL MONUMENTS

Indoor showroom

Located across from Tim Horton's & Canadian Tire

289 James Street, Delhi, Ontario, N4B 2B3

Tel: 519-582-0220 - Fax: 519-582-0220

 

IDEAL MONUMENTS

Indoor showroom

Located in the Giant Tiger & Tim Horton's plaza, 2 blocks east of Woodland Cemetery

390 Springbank Drive, London, Ontario, N6J 1G9

Tel: 519-471-7030 - Fax: 519-471-9935

 

IDEAL MONUMENTS

Outdoor display

Rodney, West Lorne & Area

Representatives

Bob & Joyce Bree, 26492 Talbot Line, RR#3

West Lorne, Ontario

N2L 2P0

Tel: 519-768-2797 - Fax: 519-768-0374

Cell: 519-319-0194

 

IDEAL MONUMENTS

Mt Brydges & Area Representatives

Janet & Gerry Rastin

Box 87, Mt Brydges, Ontario, N0L 1W0

Tel: 519-264-1395

 

LAMBTON MEMORIALS

Indoor showroom & Outdoor display

Located directly across from Lakeview Cemetery entrance gate

1043 Colborne Road, Sarnia, Ontario, N7V 3K6

Tel: 519-336-9076

Fax: 519-336-9076

 

SHANTZ MEMORIALS

Division of THE STONE CENTRE INC

See Head office address at top of page

Tel: 519-744-3903 - Fax: 519-743-3965

 

SHUH MEMORIALS

Division of THE STONE CENTRE INC

See Head office address at top of page

Tel: 519-744-5551 - Fax: 519-743-3965

 

THE STONE CENTRE INC

Indoor showroom

Located at the front of the Buns Master plaza on Carlton, between Lake & Geneva

209 Carlton Street, St Catharine's, Ontario,

L2R 1S1

Tel: 905-688-2477 - Fax: 905-688-2477

 

THE STONE CENTRE INC

Outdoor display

Located across from T. Harry Hoffman & Sons Limited Funeral Home.

Dashwood, Exeter, Zurich, Grand Bend and Area

Representative:

Jim & Donna Hoffman

118 Main Street, Box 47, Dashwood, Ontario, N0M 1N0

Tel: 519-237-3532 - Fax: 519-237-3191

 

THE STONE CENTRE INC

South River & Area

Representatives:

Larry & Marie Jeffery

Box 427, South River, Ontario, P0A 1X0

Tel:  705-386-2919

Fax: 705-386-8211

 

THE STONE CENTRE INC

Paris & Area

Representatives:

Bill Kipp

William Kipp Funeral Home

184 Grand River Street North

Paris, Ontario

N3L 2N1

Tel: 519-442-3061 - Fax: 519-442-6945

 

THE STONE CENTRE INC

Elmira, Arthur, Mount Forest, Hanover, Kincardine, Southampton, Owen Sound & Area Representative

 

 

 

 

 

 

 

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

We have contacted Ms. Elizabeth and Ms. Kimberly who refused to provide us any financial data on grounds of confidentiality.

 

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.

 

 

Currency

DATE

 

USD

2011

 

Turnover

2,500,000

 

The cash flow is

Normal

 

 

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

 

The Stone Centre Inc known as Nelson Stone Center, is one of Canada's largest and oldest manufacturers of monuments, markers and other granite products for the cemetery. This company has 32 years of experience in the market, with 3 employees in their sole location in Ontario. The products are distributed by a large list of retailers around Canada. This company is part of a big group of sisters companies related to the business where they develop with over 100 years of experience.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 




APPENDIX

 

Person Interviewed

 

Ms. Kimberly and Ms. Elizabeth

Position

 

Financia department

Comments

 

They refused to confirm any information or provide financial data, also they mention they are not interested on dealing with any other company at the moment and in the future.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.15

Euro

1

Rs.70.88

 

 

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.