MIRA
INFORM REPORT
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Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
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Name : |
ULTRATECH TRADING COMPANY |
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Registered Office : |
5142 Parkplace Circle, Mississauga, Ontario L5V 2M2 |
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Country : |
Canada |
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Date of Incorporation : |
January, 1995 |
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Legal Form : |
Sole ownership |
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Line of Business : |
Exporter and Importer of educational instruments,
instruments equipment, chairs, hairdresser equipment and accessories, and
much more. |
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No. of Employees : |
Not Available |
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 – June 30th, 2012
|
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 and address
Company name: ULTRATECH TRADING COMPANY
Address: 5142 Parkplace Circle, Mississauga,
Ontario L5V 2M2 –Canada
Telephone: +1
905-290-6723
Fax: +1 905-290-6724
Website: www.utc-inc.com (under construction)
Email: utcompany@sympatico.ca
Company Summary
Corporate ID#: Not incorporated
Business License: 131384216
State: Ontario
Judicial form: Sole ownership
Issue license date: 12-18-2003
Beginning of business: January
1995
Stock: -
Value: -
Name of manager: Syed
Qumber RIZVI
ACTIVITIES
& OPERATIONS
Business:
Exporter and importer of
educational instruments, instruments equipment, chairs, hairdresser equipment
and accessories, and much more.
The Company imports mainly from China.
Staff: None
Operations & branches:
At the headquarters, we
find the private home of Syed Qumber RIZVI.
SHAREHOLDERS & MANAGERS
Shareholders:
Syed Qumber RIZVI is the
owner.
Management:
Syed Qumber RIZVI is the
manager.
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.
We called and left a
message on the voicemail but nobody returned the call.
We sent a fax and the
manager released some information on his business.
No financials available.
Estimate revenue for year
2012 should be in the range of CAD 200,000/500,000=
The business is said to be
profitable.
Banks: HSBC
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: December 2012
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Office supply
Paying status: On terms
Date reported: December 2012
High credit: CAD 400
Now owing: 0
Past due: 0
Last purchase: November 2012
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 |
||
|
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 |
$600 |
100% |
0% |
0% |
0% |
0% |
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10/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
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11/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
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12/12 |
$600 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a small
but regular account.
The risk is low.
Our opinion:
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.53.85 |
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|
1 |
Rs.85.25 |
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Euro |
1 |
Rs.71.72 |
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.