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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TUCOM INC |
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Registered Office : |
8800 Rue Saint-Jacques, |
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Country : |
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Date of Incorporation : |
21.09.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer and distributor of food products |
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No. of Employees : |
09 |
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 : |
Unknown |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Legal Name: |
TUCOM INC |
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Trade Name: |
C.H.O. |
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Legal Address |
8800 Rue Saint-Jacques, |
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Operative Address |
8800 Rue Saint-Jacques, |
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Telephone: |
+ 1 (450) 475-7373 |
ID : |
1148831226 |
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Fax: |
+ 1 (450) 475-6615 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1999 |
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Manager: |
Wajih Rakik, Manager |
Date Incorporated: |
September 21st 1999 |
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Staff: |
9 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Importer and distributor of food products |
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Name of the Bank |
ROYAL BANK OF |
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HISTORY |
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TUCOM INC, was created in 1999 |
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PRINCIPAL ACTIVITY |
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TUCOM INC, offers a wide range of Olive Oil Product Lines and formats
such as 100% extra virgin. |
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Products/Services description: |
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The products that the company offers are: olive oil organic extra virgin olive oil organic canola sunflower and soy oils |
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Sales are: |
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Wholesale |
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Clients: |
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Companies related to oil business. |
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Suppliers: |
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SOL FRUT S.A. CTC: GABRIELA BALBA MONSEQOR MAGLIANO 3051 1 C (1642) LOMAS DE Societe De Conditionnement Des Huil Route De Mahdia Km 10, BP7, Markez Sebai, |
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Operations area: |
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National, Local |
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The company imports from |
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The company exports to |
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The subject employs 9 employees |
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Comments on staff: |
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We could not confirm the number of employees with the company. |
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PAYMENTS |
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made on a 77 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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8800 Rue Saint-Jacques, |
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Comments on location: |
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We could not confirm the location with the company it was not clear that
the company has their headquarter or any operation center. |
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Listed at the stock exchange: |
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NO |
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Management: |
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The company's directors are: MOKNI SAMI, president REKIK WAJIH, Administrator. |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Mr. Steve who refused to provide us any financial
data on grounds of confidentiality. |
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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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CAD |
2008 |
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Turnover |
1,430,000 |
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Operating Income |
(32,000) |
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Net Income |
(42,000) |
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Net worth |
120,000 |
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Liabilities |
55,000 |
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The cash flow is |
Low |
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Comments on the financial data: We could not get
any financial data for 2011. |
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Legal Fillings |
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A
legal filing against the company was found with the following details: Tucom Inc. Fined $6,000 for an Offence
under the Food and Drug Act. On January 27, 2012, at the An inspection by the Canadian Food
Inspection Agency (CFIA) has demonstrated that the company had labelled a
food as extra virgin olive oil when it contained another vegetable oil in
violation of the provisions of paragraph 6(3) of the Food and Drug Act. |
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Local credit bureau gave a Low credit
rate. |
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Final Opinion |
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TUCOM INC, has 13 years in the business,
with 9 employees at their sole location in We could not get any financial information
from or about the company, during our calls the greeting were with a
different company name, when we tried to access to the web site
(www.olio-verdi.com) it was not working. Also we found a legal filing against
the company. According with the information collected
from our research and the contact with the company we suggest not dealing on
credit at this time and follow the evolutiion of the company for one year. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Person Interviewed |
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Mr. Steve |
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Comments |
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After many calls Mr. Steve indicated us the only person who could
provide information about the company is Mr. Wajih Rakik who was not at the
company, during all our calls at the company they answered with different
company name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.29 |
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1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
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 |
---- |
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.