MIRA INFORM REPORT
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Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
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Name : |
STELLAR PAPER & BOARD CO. LTD |
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Registered Office : |
13-3120 Rutherford Road, Ste 406, Vaughan, Ontario L4K 0B2 |
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Country : |
Canada |
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Date of Incorporation : |
2007 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Exporter of mill second grade paper and board, including C1S, casting
paper, SBS board, CCN board, bleach kraft food grade |
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No. of Employees : |
1 |
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 : |
Small Company |
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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
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Country Name |
Previous Rating (31.03.2011) |
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 economiccrisis, 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.
Source
: CIA
STELLAR PAPER & BOARD CO. LTD
13-3120 Rutherford Road, Ste 406, Vaughan, Ontario L4K 0B2
Canada (not 13-1320)
Telephone: +1
905-553-3216
Fax: +1 905-553-3217
Website: -
Corporate ID#: 002288802
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 06-15-2011
Date founded: 2007
Stock: -
Value: -
Name of manager: Deepak KHATRI
Business:
Exporter of mill second grade paper and board, including C1S, casting paper,
SBS board, CCN board, bleach kraft food grade…
Export to Pakistan and India
Staff: 1
At the headquarters, we
find a UPS office store, which rents mailboxes.
Shareholders:
Deepak KHATRI is a major shareholder.
Management:
Deepak KHATRI is the manager.
As far as we know, he is not involved in other local corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
We called but nobody
answered.
We sent a fax but no answer
received.
However, sales estimate for
year 2011 is in the range of CAD 1,000,000+
The business is said to be
profitable.
Banks: Scotia Bank
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: September
2012
High credit: CAD
500
Now owing: 0
Past due: 0
Last purchase: August
2012
Line of business: Office supply
Paying status: On
terms
Date reported: September
2012
High credit: CAD
500
Now owing: 0
Past due: 0
Last purchase: August
2012
Line of business: Telecommunications
Paying status: On
terms
Domestic credit history
appears as follow:
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Monthly Payment Trends - Recent Activity |
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Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
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04/12 |
$700 |
100% |
0% |
0% |
0% |
0% |
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05/12 |
$500 |
100% |
0% |
0% |
0% |
0% |
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06/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
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07/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
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08/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
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09/12 |
$700 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a correct credit rating.
The bank confirmed a small
account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.97 |
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1 |
Rs.85.45 |
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Euro |
1 |
Rs.69.45 |
INFORMATION DETAILS
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Report
Prepared by : |
SDA |
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 |
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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.