MIRA INFORM REPORT
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Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
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Name : |
L & M TRUCK PARTS LIMITED |
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Registered Office : |
201 Snidercroft Rd, Concord, Ontario, L4k2j8 |
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Country : |
Canada |
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Year of Establishment: |
1959 |
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Legal Form : |
Limited Company |
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Line of Business : |
Suppliers of Machinery parts for mining, Construction, Forestry and material Handling Equipment’s |
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No. of Employees : |
Not Available |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 2010-12 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 |
Business Name L & M TRUCK PARTS LIMITED
Country CANADA
Company Registration Number --
Activity Code 50820000
Activity Description Suppliers of Machinery parts for mining, Construction, Forestry and
material Handling Equipment’s
Basic Information
Business Name L & M TRUCK PARTS LIMITED
Registered Company Name L
& M TRUCK PARTS LIMITED
Brand Name L & M POWERTRAIN PARTS
Company Registration Number ---
Country CANADA
Year of Establishment: 1959
Company Status Active
Currency of this Report CAD
Principal Activity Code 50820000
Principal Activity Description Suppliers
of Machinery parts for mining,
Construction, Forestry and
material Handling Equipment’s
Contact Address 201 SNIDERCROFT
RD, CONCORD,
ONTARIO, L4K2J8
Contact Telephone Number (905)669-2292
Activity Code Activity Description
50820000 Suppliers of Machinery parts for mining,
Construction, Forestry and material Handling Equipment’s
Main Address
Address Country Telephone
201 SNIDERCROFT RD, CONCORD, ONTARIO, L4K2J8 CANADA (905)669-2292
Current Payment Index 1
The Payment Index is similar to 'days beyond terms'.
Based on trade payment information, this business is paying invoices on average 1 days past due date
|
Year |
Quarter |
|
Payment Index |
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2013 |
2 |
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0 |
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2013 |
1 |
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17 |
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2012 |
4 |
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11 |
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2012 |
3 |
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4 |
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2012 |
2 |
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0 |
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2012 |
1 |
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4 |
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2011 |
4 |
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7 |
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2011 |
3 |
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7 |
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2011 |
2 |
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0 |
No directors for this company.
No other information
for this company.
Miscellaneous Information
Fax Number
(905)669-6319
Number Of Inquiries On File 2
Negative
Information
Derogatory Summaries
Derogatory Type Number On Files Total Amount On File Date Of Last Item Comments On File
Returned cheques 0 $0 No
Collections 0 $0 No
Legal suits 0 $0 No
0 $0 No
Other legal info. 0 $0 No
Liens 1 $48,927 2013-03-27 No
Description No. Of
Credit references
High Credit Total Owing Current Periods
1 Periods 2 (0-30
days) (30-60 days) (60-90 days)
90 Day 5 $10,802 $3,129 $3,074 $55 $0
13 Month 5 $10,802 $3,129 $3,074 $55 $0
All References 10 $17,619 $9,945 $8,675 $646 $56
Periods 3
(90 + days)
90 Day $0
13 Month $0
All References $568
Credit Reference
Details
|
Date reported |
Sic
Description |
Original
Credit Limit |
High
Credit |
Total
Past Due |
Total
Balance |
Current
Balance (0-30 days ) |
Period 1 Balance (30-60 days ) |
Period 2 Balance (60-90 days ) |
Period 3 Balance (90+ days ) |
|
2013-07-29 |
Transportation Services |
$0 |
$243 |
$0 |
$243 |
$30-60 DAys243 |
$0 |
$0 |
$0 |
|
2013-07-29 |
Trucking |
$0 |
$55 |
$55 |
$55 |
$0 |
$55 |
$0 |
$0 |
|
2013-07-22 |
Trucking |
$0 |
$502 |
$0 |
$502 |
$502 |
$0 |
$0 |
$0 |
|
2013-07-09 |
Trucking |
$0 |
$2 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
2013-06-18 |
Whlsl-Ind Machinery&Equipment |
$0 |
$10,000 |
$0 |
$2,329 |
$2,329 |
$0 |
$0 |
$0 |
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2012-03-06 |
Oil & Gas Extraction |
$0 |
$1,394 |
$729 |
$1,393 |
$664 |
$455 |
$0 |
$274 |
|
2012-03-02 |
Whls-Motor Vehicule New Parts |
$0 |
$1,183 |
$0 |
$1,183 |
$1,183 |
$0 |
$0 |
$0 |
|
2011-03-09 |
Transportation Services |
$0 |
$3,815 |
$350 |
$3,815 |
$3,465 |
$0 |
$56 |
$294 |
|
2010-03-05 |
Trucking |
$0 |
$136 |
$136 |
$136 |
$0 |
$136 |
$0 |
$0 |
|
2009-06-30 |
Operative Builders |
$0 |
$289 |
$0 |
$289 |
$289 |
$0 |
$0 |
$0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
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 |
|
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.