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Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
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Name : |
NATURAL STONE CITY INC. |
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Registered Office : |
136A Ottawa Str. S., Kitchener, Ontario N2G 3S9 |
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Country : |
Canada |
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Date of Incorporation : |
15.12.2009 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Subject imports
granite, marble and related products. |
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No. of Employees : |
5 + part time |
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, 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 |
Company name: NATURAL STONE CITY INC.
Headquarters: 136A Ottawa Str. S., Kitchener,
Ontario N2G 3S9 - Canada
Telephone: +1
519-489-0441
Fax: +1 519-489-0466
Website: www.naturalstonecity.com
Corporate ID#: ON-001803200
State: Ontario
Judicial form: Corporation - Profit
Date founded: 12-15-2009
Stock: -
Value: -
Name of manager: Daniel
GHIONOIU
Business:
Business started in 1994
The Company imports
granite, marble and related products.
Manufacture countertops and
fireplaces.
The business carries hundreds of slabs of different types, colours and
patterns of natural stone, imported from Brazil, India, Italy and other
countries.
Sells to private people.
Staff: 5 + part time
Operations & branches:
At the headquarters, we
find a small showroom, factory and office, on
13,000 sq. foot, owned.
The Company maintains a
branch located:
6627 Navin Crescent
London Ontario, N6P 0B6
Ph: +1 519-772-1406
Shareholders:
Daniel GHIONOIU is a major
shareholder.
Management:
Daniel GHIONOIU is the
President and CEO.
As far as we know, he is
not involved in other local business.
Subsidiaries &
Partnership: None
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.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 2,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
1258 King St E, Kitchener, Ontario, N2G2N6
Ph: 519-744-4417
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: June 2013
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: May 2013
Line of business: Office supply
Paying status: 2 days beyond terms
Date reported: June 2013
High credit: CAD 8,000+
Now owing: 0
Past due: 0
Last purchase: May 2013
Line of business: Payroll
Paying status: As agreed
Date reported: June 2013
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: May 2013
Line of business: Telecommunications
Paying status: 2 days beyond terms
Domestic credit history:
National Credit Bureaus
gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made with an average of 2 to 5 days beyond terms.
International
credit history:
Payments of imports are currently made on 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 medium/low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.71 |
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|
1 |
Rs.90.59 |
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Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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.