MIRA
INFORM REPORT
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Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
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Name : |
IREX CANADA TRADING, INC. |
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Registered Office : |
1440 Bathurst Street, Toronto, Ontario M5R 3J3 |
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Country : |
Canada |
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Date of Incorporation : |
1982 |
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Legal Form : |
Corporation – Profit |
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LINE OF BUSINESS : |
SUBJECT
IS IMPORTER, EXPORTER, WHOLESALER AND RETAILER OF CARPETS AND RUGS. |
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No. of Employees : |
5 |
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 : |
Slow but Correct |
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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 (31.03.2012) |
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
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 |
company name
TAPIS D’ORIENT
This is a business name owned by:
Company name: IREX CANADA TRADING, INC.
Address: 1440 Bathurst Street,
Toronto, Ontario M5R 3J3 - Canada
Telephone: +1
416-658-7518
Fax: +1 416-658-0022
Website: www.tapisdorient.ca
Company Summary
Corporate ID#: ON-0000992136
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 06-24-1992
Date founded: 1982
Stock: -
Value: -
Name of manager: Bijan
DEHGHAN
ACTIVITIES
& OPERATIONS
Business:
The Company is importer, exporter, wholesaler and retailer of carpets
and rugs.
Suppliers include:
IRFAN ORIENTAL RUGS
GHOSIA AURAI 221301 DIST. UP BHADOHI INDIA
Staff: 5
Operations & branches:
At the headquarters, we
find a showroom, warehouse and office, on
5,000 sq. feet, on lease.
SHAREHOLDERS & MANAGERS
Shareholders:
Bijan DEHGHAN is the owner.
Management:
Bijan DEHGHAN is the
President, Director and CEO.
Graduated from Laurentian University/Université Laurentienne in 1985
with a
Bachelors in Engineering in Mining Engineering.
As far as we know, he is not involved in other local corporations.
Subsidiaries
And partnership: None
FINANCIALS
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, a sales
assistant controlled the present report but deferred any financials.
However, sales estimate for
year 2012 is in the range of CAD 1,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
COMPANY
CREDIT HISTORY
Trade references:
Date reported: February 2013
High credit: CAD 800
Now owing: 0
Past due: 0
Last purchase: January 2013
Line of business: Office supply
Paying status: On terms
Date reported: February 2013
High credit: USD 12,000+
Now owing: 0
Past due: 0
Last purchase: January 2013
Line of business: Payroll
Paying status: As agreed
Date reported: February 2013
High credit: USD 600
Now owing: 0
Past due: 0
Last purchase: January 2013
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 |
||
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08/12 |
$1,700 |
82% |
18% |
0% |
0% |
0% |
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09/12 |
$1,500 |
84% |
16% |
0% |
0% |
0% |
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10/12 |
$1,600 |
84% |
16% |
0% |
0% |
0% |
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11/12 |
$1,600 |
82% |
18% |
0% |
0% |
0% |
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12/12 |
$1,500 |
82% |
18% |
0% |
0% |
0% |
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01/13 |
$1,300 |
84% |
16% |
0% |
0% |
0% |
National Credit Bureaus
gave a medium credit rating.
International
credit history:
Payments of imports are currently made with an average of 5 to 10 days
beyond terms.
Other comments:
The Company maintains its
business.
The Company is in good standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.29 |
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1 |
Rs.84.09 |
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Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
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.