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Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
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Name : |
W STUDIO LTD |
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Registered Office : |
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Country : |
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Year of Establishment : |
1987 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of hand-woven carpets |
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No. of Employees : |
15 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
canada - ECONOMIC OVERVIEW
As an affluent,
high-tech industrial society in the trillion-dollar class, Canada resembles the
US in its market-oriented economic system, pattern of production, and affluent
living standards. Since World War II, the impressive growth of the
manufacturing, mining, and service sectors has transformed the nation from a
largely rural economy into one primarily industrial and urban. The 1989
US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade
Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in
trade and economic integration with the US its principal trading partner.
Canada enjoys a substantial trade surplus with the US, which absorbs about
three-fourths of Canadian exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
great natural resources, highly skilled labor force, and modern capital plant,
Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the
global economic crisis, the economy dropped into a sharp recession in the final
months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12
years of surplus. Canada''s major banks, however, emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector''s tradition of conservative lending practices and strong
capitalization. Canada achieved marginal growth in 2010 and 2011 and plans to
balance the budget by 2015. In addition, the country''s petroleum sector is
rapidly becoming an even larger economic driver with Alberta''s oil sands
significantly boosting Canada''s proven oil reserves, ranking the country third
in the world behind Saudi Arabia and Venezuela.
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Source : CIA |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 1.00 CAD = 1.00005 USD |
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Comments on data supplied: |
Dear client; The company had moved three years ago from
the address provided. |
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Legal Name: |
W STUDIO LTD |
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Legal Address |
160 Pears Ave. Suite 310 Toronto, ON M5R
3P8, CANADA |
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Operative Address |
160 Pears Ave. Suite 310 Toronto, ON M5R 3P8, CANADA |
||
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Telephone: |
+1 416 929 9290 / +1 888 228 2467 |
Document Number : |
234567098855 |
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Fax: |
+1 416 929 9440 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1987 |
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Manager: |
Alan Pourvakil, Owner |
Date Incorporated: |
2004 |
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Staff: |
15 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of hand-woven carpets |
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Name of the Bank |
Bank of America |
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HISTORY |
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The company was established in 2004.
It operates in Toronto ,Canada. |
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PRINCIPAL ACTIVITY |
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W Studio is a design house / showroom that makes decorative hand-woven
carpets in a wide selection of classic Persian, opulent European and fashion
forward contemporary designs. Floor Covering Wholesaler-Distributors Other Specialized Design Services Supplier of carpets for Renaissance ROM, The Royal Ontario Museum's
expansion project. Over 20 awards since 1999 from authoritative associations such as; ADEX,
IDEX / NEOCON, Atlanta International Rug Market Awards, Canadian Decorators
Association |
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Products/Services description: |
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Hand-woven carpets Persian carpets Wool, silk or wool and silk. Rural Revival (vegtable dyes), Master
Works (finest rugs) and European designs (aubussons,savoneries) |
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Sales are: |
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Wholesale |
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Clients: |
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This company has as clients the general public as well as companies
related to the business where they develop such as: Interior designers Architects Film and television industry Museums Embassies |
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Operations area: |
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National, International |
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The company exports to USA |
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Trade References: |
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The person contacted refused to provide information about suppliers on
grounds of confidentiality. |
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The subject employs 15 employees |
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PAYMENTS |
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made on a 0 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company has the headquarters located at: 160 Pears Ave. Suite 310 Toronto, ON M5R 3P8, CANADA |
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Surface area: |
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18 000 sq ft |
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The property is: |
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Owned |
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Branches: |
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Outlet: 354 Davenport Rd. 1st level, Designer's Walk Bldg. 1, Toronto, ON,
Canada, M5R 2E6 |
Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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W STUDIO LTD is a private company where Mr. Alan Pourvakil is the
Owner. |
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Management: |
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Christine Simmons Title: Admin/Exec Assistant Telephone: (416) 929-9290 Fax: (416) 929-9440 Email: christine@wstudio.ca Alan Pourvakil Title: President Telephone: (416) 929-9290 Email: alan@wstudio.ca Daniel Dalukder Title: Admin Server Telephone: (416) 929-9290 Fax: (416) 929-9440 Email: info@wstudio.ca Ms. Sara, Account Manager. |
COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Ms. Sara (Account Manager) who provided us with
the following estimated data: |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
4,000,000 |
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The cash flow is |
Normal |
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Legal Filings |
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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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W STUDIO LTD is a design house/showroom
that makes decorative hand-woven carpets in a wide selection of classic
Persian, opulent European and fashion forward contemporary designs. W STUDIO LTD operates with 15 employees and
two locations in Canada (1 headquarters and 1 outlet) at their main location
the company has the headquarters, warehouse and distribution point. W STUDIO LTD has over 25 years of
experience in the market where they develop. The company export some products to U.S.A.
where they have market in some states such as California, Colorado, Florida,
Illinois, Michigan, New Jersey, New York, Ohio, Pennsylvania and Texas. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Ms. Sara |
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Position |
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Account Manager |
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Comments |
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Ms. Sara, provided and confirmed most of the information for this
report (legal name, creation date, employees, management, shareholder,
locations, acitivity, exports, estimated revenue). |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.79 |
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UK Pound |
1 |
Rs.86.77 |
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Euro |
1 |
Rs.69.71 |
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.