MIRA INFORM REPORT

 

 

Report Date :

14.09.2012

 

IDENTIFICATION DETAILS

 

Name :

POINT WEST MARKETING LTD

 

 

 

 

Registered Office :

84 De Baets St., Winnipeg Manitoba, Canada, R2J 3S9.

 

 

 

 

Country :

Canada

 

 

 

 

Year of Establishment :

1979

 

 

 

 

Legal Form :

Limited Company

 

 

 

 

Line of Business :

Plumbing Fittings and Supplies

 

 

 

 

No. of Employees :

Less than 15.

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD = 102.810 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

POINT WEST MARKETING LTD

Legal Address

84 De Baets St., Winnipeg Manitoba, Canada, R2J 3S9.

Operative Address

84 De Baets St., Winnipeg Manitoba, Canada, R2J 3S9.

Telephone:

+1 (204) 661-8111

ID :

NA

Fax:

+1 (204) 663-9279

Legal Form:

Limited Company

Email:

pwestmkt@mts.net

Registered in:

Canada

Website:

www.pointswestmarketing.com

Date Created:

1979

Manager:

Dan Miziolek, President & Board Member

Date Incorporated:

NA

Staff:

Less than 15.

Stock:

NA

 

 

Value:

NA

Activity:

Plumbing Fittings and Supplies

 

 

BANKS

 

Name of the Bank

Royal Bank Of Canada

 

BUSINESS

 

HISTORY

 

This company was created in the year 1979.

PRINCIPAL ACTIVITY

 

The subject is categorized under Plumbing Fittings and Supplies.

Products/Services description:

 

Actuators

Couplers

Gas Springs

Towing Devices

Jacks

Lamps/Wiring

Winches

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry.

Operations area:

 

National, Local

The company imports from Worldwide

The company does not export

Trade References:

 

The person contacted refused to provide the names of their suppliers on grounds of confidentiality.

Competitors:

 

Kern Industries (1989) Ltd

Jbw Pipe & Supply Ltd

Best Plumbing & Heating Supplies Ltd

Bartle & Gibson Co Ltd

Donaldson, Tom Co Limited

The subject employs Less than 15 employee(s)

Comments on staff:

 

The mentioned information was not confirmed with the staff.

PAYMENTS

 

No Complaints

LOCATION

Headquarters

 

The company is headquartered at 84 De Baets St., Winnipeg Manitoba, Canada, R2J 3S9.

Branches:

 

There were no branches found for this company.

 

The mentioned information was not confirmed with the staff.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Dan Miziolek, President & Board Member

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company who refused to provide us any financial data without knowing the name of the inquiring party.

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.

Comments on the financial data: The most recent financial information is on the range of USD 2,500,000 to USD 3,000,000.

The figures had not been disclosed by the company. They were conciliated with our private sources and from a particular market approach regarding the subject’s scope of business.

Legal Filings

 The sources consulted record no detrimental legal or labor court information.

 

 

 Rating

 

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.

 

 

 Final Opinion

 

Point West Marketing Ltd is a small sized company with less than 15 employees.

 

The structure has 33 years of experience in the market and it also has a solid relation with its international suppliers.

 

There were no legal filings found against the company or its legal representatives.

 

The figures had not been disclosed by the company. They were conciliated with our private sources and from a particular market approach regarding the subject’s scope of business.

 

The financial data, reflected a correct income per employee.

 

In consequence to the general information analyzed.

 




 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

NO COMPLAINTS

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Male representative

Comments

 

The person contacted was unwilling to cooperate with the interview, as we didn't have the name and location of the solicitor.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.44

UK Pound

1

Rs.89.31

Euro

1

Rs.71.61

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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

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

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.