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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BIOFERT MANUFACTURING INC |
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Registered Office : |
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Country : |
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Year of Establishment : |
2006 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Nitrogenous Fertilizer Manufacturing |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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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Canada |
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: 100.00 CAD = 97.6318 USD |
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Comments on data supplied: |
Please note there was a spelling mistake
on the company name and address provided. You'll find the accurate company
name and address on the content of this report. |
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Legal Name: |
BIOFERT MANUFACTURING INC |
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Legal Address |
5721 Production Way Langley BC Canada V3A 4N5. |
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Operative Address |
5721 Production Way Langley BC Canada V3A 4N5. |
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Telephone: |
+1 (604) 530-1344 |
ID : |
NA |
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Fax: |
+1 (604) 530-1346 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Canada. |
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Website: |
Date Created: |
2006 |
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Manager: |
Yasir Muhammad Syed Director |
Date Incorporated: |
NA |
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Staff: |
20 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Nitrogenous Fertilizer Manufacturing. |
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Name of the Bank |
Royal Bank Of Canada. |
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HISTORY |
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This company was founded in August 2006. |
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PRINCIPAL ACTIVITY |
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The company is engaged in the manufacture of fertilizer products. It manufactures a wide range of specialized nutrients and supplements
in both liquid and granular form which include 100% crop specific and general
purpose products. It also undertakes custom blending on a large scale for a
number of local and international clients. BioFert offers products to all
categories of customers at very affordable rates with exceptional service. |
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Products/Services description: |
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Liquid Products Granular Products Water Soluble Fertilizers Growing Medium Water Treatment Hard Goods Among others. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries. |
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Operations area: |
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National, International, Local |
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The company imports from Worldwide |
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The company exports to Worldwide. |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
on grounds of confidentiality. |
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Competitors: |
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Premier Tech Home & Garden Inc Bkc Enterprises Limited Agrium Advanced Technologies Inc Koch Fertilizer Canada, Ulc Cs & P Cryogenics Canada Ltd |
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The subject employs 20 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 5721 Production Way Langley BC Canada
V3A 4N5. |
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Branches: |
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The company reported no branches. |
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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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Yasir Muhammad Syed, Director Tahir Mahmood, Director Hamud Rehman, Manager |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Hamud Rehman, Manager who provided us with the
following data: |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
12,000,000 |
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The cash flow is |
Normal |
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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 correct 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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This is a Canada based Fertilizer
Manufacturer; with 20 employees being considered a small sized company and 6 years
of experience in the market. The subject is involved in a pretty stable
sector and it has an international presence due to the nature of its
business. There were no legal filings found against
the company or its legal representatives. Based on the latest financial information
provided by the company, the income per employee is pretty good for its size. In addition, payments are made on a thirty
day basis and cash flow is normal. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Hamud Rehman |
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Position |
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Manager |
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Comments |
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He provided us with the staff, the length of payments to their
suppliers, the bank that they work with, the worldwide presence, the fact
that the structure owns a single location and the financial revenue for 2011. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.26 |
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UK Pound |
1 |
Rs.86.80 |
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Euro |
1 |
Rs.69.63 |
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.