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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
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Name : |
PURKELL PRODUCTS INC |
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Registered Office : |
155 Main Street suite 2b unionville, ontario,
Canada |
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Country : |
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Date of Incorporation : |
1993 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer and distributor of fruits and
products related. |
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No. of Employees : |
12 |
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 |
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.
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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:
USD |
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Ordered as: |
Purkel Products Inc |
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Address in the order: |
155 Main Street Suite 2B Unionville
Ontario L3R 2G8 Canada |
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Legal Name: |
PURKELL PRODUCTS INC |
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Legal Address |
155 Main Street suite 2b unionville,
ontario, Canada, L3R 2GB. |
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Operative Address |
155 Main Street suite 2b unionville,
ontario, Canada, L3R 2GB. |
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Telephone: |
1 905 9471667 |
ID : |
N.A. |
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Fax: |
1 905 479 2794 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1993 |
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Manager: |
Terry
Chambers, President & Board Member |
Date Incorporated: |
1993 |
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Staff: |
12 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Importer and distributor of fruits and
products related. |
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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PURKELL PRODUCTS INC was created in 1993 |
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PRINCIPAL ACTIVITY |
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Purkel Products Inc, acts as an agent
and distributor of several varieties of fruit juice concentrates. |
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Products/Services description: |
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The range of products include fruit juice
concentrates, tropical fruit purees, pulps, essences, aromas and oils. Purkel
Products are agents, importers, distributors to the North American Industry
and represent several agroindustry conglomerates across the globe. The
products offered by the company service the Juice, Wine, Baking, ice cream,
Preserve, Vinegar, Flavor and Brewing Industries. |
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Sales are: |
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Wholesale |
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Clients: |
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This company has as main clients retail
companies such as supermarkets. |
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Suppliers: |
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ALGIN FRUIT JUICES (SOUTH AFRICA) GRABLOW (SOUTH AFRICA) TEXAS CITRUS EXCHANGE. (U.S.A) |
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Operations area: |
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National, International |
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The company imports from Argentina, south america, south africa, china, thailand |
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The company exports to U.S.A., Europe |
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Trade References: |
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TEXAS CITRUS EXCHANGE 702 East Expressway 83 Mission, TX 78572, U.S.A. Phone:(956) 585-8321 Time doing business: over 10 years. Payments: 45 days Payment way: bank transfers Credit average: USD 8,000 Opinion: Excellent client. Ms. Ruth Sheperd (asistant) provided all
the information. |
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The subject employs 12 employees |
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PAYMENTS |
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made on a 45 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: 155 Main Street suite 2b unionville,
ontario, Canada, L3R 2GB. |
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The property is: |
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Rented |
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Comments on location: |
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At their main location the company has the
headquarters, distribution point and warehouse. |
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Branches: |
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The company has only one location in
Canada. |
Shareholders - 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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PURKELL PRODUCTS INC is a private
company where Mr. Terry Chambers is the main shareholder. |
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Management: |
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Terry Chambers, President & Board
Member |
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As a private company the subject does
not publish any financial statements. |
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We have contacted Terry Chambers
(President) who provided us with the following data: |
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Currency |
DATE |
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CAD |
2011 |
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Turnover |
15,000,000 |
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The cash flow is |
Normal |
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Comments on the financial data: Mr.
Terry Chambers estimates that the sales for 2012 would be about 10% higher
than the result in 2011, indicating that the company has signed some extra contracts
during the last two months. |
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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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PURKELL PRODUCTS INC is a private
company with 19 years of experience in the market where they develop. This company operates with 12 employees and
only one location in Canda where they have the headquarters, distribution
point and warehouse. PURKELL PRODUCTS INC import some of
their products from U.S.A, South America, South Africa, China and Thailand.
Also some of their products are exported to Europe and U.S.A. A excellent trade reference was provided
by one of the suppliers (TEXAS CITRUS EXCHANGE). This company is not planing to expand
its operations, they are getting more clients and make a good name in Canada,
and after they will open new branches. |
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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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Terry Chambers |
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Position |
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President |
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Comments |
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Mr. Chambers, provided and confirmed all
the information for this report (legal name, creation date, employees,
location, activity, imports, exports, payments, shareholders, revenue). |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
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|
1 |
Rs.87.60 |
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Euro |
1 |
Rs.70.00 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.