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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
DUNLINE RUBBER PRODUCTS COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.06.1998 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer of rubber belts
and belting |
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No. of Employees : |
35 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
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 |
DUNLINE RUBBER PRODUCTS COMPANY
Address: 1579 Hyde Park Road,
London, Ontario N6H 5L4 - Canada
Telephone: +1
519-473-1116
Fax: +1 519-473-2287
Website: www.dunline.com
Corporate ID#: 3019849
State: Nova Scotia
Judicial form: Corporation – Profit
Date incorporated: June 1,
1998
Stock: -
Value: -
Name of manager: Alexander
C. SCOVIL
History:
Business issued from the
merger of:
- H&S ACQUISITION
COMPANY
- DUNLOP INDUSTRIAL LIMITED
Business:
Manufacture rubber belts and belting
Suppliers include:
SHANGHAI SCIENCE TECHNOLOGY
NO 449 Nu Jiang Road Shanghai China
Exports to the U.S., UK, Spain, Italy, Taiwan…
Staff: 35
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on lease.
Shareholders:
This is a private Company.
Management:
Alexander C. SCOVIL,
President, Director and CEO
He lives
38045 Shaker Blvd., Hunting Valley, OH 44022 – USA
Cathy CRONYN, Vice President
and Manager
Subsidiaries And partnership:
Dunline Rubber Products
International Co. Ltd.
Room 402, 5th Building,
No. 1500 Lianhua South Road,
Minhang District, Shanghai 201101 China
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, the
Manager controlled the present report but deferred any financials.
However, sales estimate for
year 2011 is in the range of CAD 3,000,000=
The business is said to be
profitable.
Banks: Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: November 2012
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Office supply
Paying status: On terms
Date reported: November 2012
High credit: CAD 60,000+
Now owing: 0
Past due: 0
Last purchase: October
2012
Line of business: Payroll
Paying status: As agreed
Date reported: November 2012
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
Monthly Payment Trends - Recent Activity
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
04/12 |
$5,700 |
100% |
0% |
0% |
0% |
0% |
|
05/12 |
$5,200 |
100% |
0% |
0% |
0% |
0% |
|
06/12 |
$5,600 |
100% |
0% |
0% |
0% |
0% |
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07/12 |
$5,600 |
100% |
0% |
0% |
0% |
0% |
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08/12 |
$6,100 |
100% |
0% |
0% |
0% |
0% |
|
09/12 |
$5,800 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments
were made on regular basis.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
07-18-2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
|
1 |
Rs.88.37 |
|
Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
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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 |
|
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 |
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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.