|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
DUNLINE RUBBER PRODUCTS COMPANY |
|
|
|
|
Registered Office : |
1579 Hyde Park Road, London, Ontario N6H 5L4 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
01.06.1998 |
|
|
|
|
Legal Form : |
Nova Scotia Unlimited Liability Company |
|
|
|
|
Line of Business : |
Manufacture rubber belts and belting |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
DULINE RUBBER PRODUCTS
INTERNATIONAL CO. LTD
The correct name is:
Company name: DUNLINE RUBBER PRODUCTS COMPANY
Address: 1579 Hyde Park Road, London, Ontario
N6H 5L4 - Canada
Telephone: +1
519-473-1116
Fax: +1 519-473-2287
Website: www.dunline.com
Corporate ID#: 3019849
State: Nova Scotia
Judicial form: Nova Scotia Unlimited Liability
Company
Date incorporated: June 1,
1998
Stock: -
Value: -
Name of manager: Alexander
C. SCOVIL
History:
Business issued from the
merger of:
- H&S ACQUISITION
COMPANY
- DUNLOP INDUSTRIAL LIMITED
Business:
Manufacture rubber belts and belting
Suppliers include:
SHANGHAI SCIENCE TECHNOLOGY
NO 449 Nu Jiang Road Shanghai China
Exports to the U.S., UK, Spain, Italy, Taiwan…
Staff: 35
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on lease.
Shareholders:
This is a private Company.
Management:
Alexander C. SCOVIL,
President, Director and CEO
He lives
38045 Shaker Blvd., Hunting Valley, OH 44022 – USA
Cathy CRONYN, Vice
President and Secretary
Subsidiaries
And partnership:
Dunline Rubber Products
International Co. Ltd.
Room 402, 5th Building,
No. 1500 Lianhua South Road,
Minhang District, Shanghai 201101 China
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, the
Manager controlled the present report but deferred any financials.
However, sales estimate for
year 2012 is in the range of CAD 3,200,000= verse CAD 3,000,000= in 2011.
The business is said to be
profitable.
Banks: Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: March 2013
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: March 2013
Line of business: Office supply
Paying status: On terms
Date reported: March 2012
High credit: CAD 65,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: March 2013
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: October 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 |
||
|
10/12 |
$5,800 |
100% |
0% |
0% |
0% |
0% |
|
11/12 |
$6,100 |
100% |
0% |
0% |
0% |
0% |
|
12/12 |
$5,900 |
100% |
0% |
0% |
0% |
0% |
|
01/13 |
$5,800 |
100% |
0% |
0% |
0% |
0% |
|
02/13 |
$6,100 |
100% |
0% |
0% |
0% |
0% |
|
03/13 |
$5,900 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments
were made on regular basis.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
07-18-2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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%)
|
Report Date : |
07.05.2013 |
|
|
|
|
Tel No.: |
519 473 1116 |
IDENTIFICATION DETAILS
|
Name : |
DUNLINE RUBBER PRODUCTS COMPANY |
|
|
|
|
Registered Office : |
1579 Hyde Park Road, London, Ontario N6H 5L4 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
01.06.1998 |
|
|
|
|
Legal Form : |
Nova Scotia Unlimited Liability Company |
|
|
|
|
Line of Business : |
Manufacture rubber belts and belting |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
DULINE RUBBER PRODUCTS INTERNATIONAL
CO. LTD
The correct name is:
Company name: DUNLINE RUBBER PRODUCTS COMPANY
Address: 1579 Hyde Park Road,
London, Ontario N6H 5L4 - Canada
Telephone: +1
519-473-1116
Fax: +1 519-473-2287
Website: www.dunline.com
Corporate ID#: 3019849
State: Nova Scotia
Judicial form: Nova Scotia Unlimited Liability
Company
Date incorporated: June 1,
1998
Stock: -
Value: -
Name of manager: Alexander
C. SCOVIL
History:
Business issued from the
merger of:
- H&S ACQUISITION
COMPANY
- DUNLOP INDUSTRIAL LIMITED
Business:
Manufacture rubber belts and belting
Suppliers include:
SHANGHAI SCIENCE TECHNOLOGY
NO 449 Nu Jiang Road Shanghai China
Exports to the U.S., UK, Spain, Italy, Taiwan…
Staff: 35
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on lease.
Shareholders:
This is a private Company.
Management:
Alexander C. SCOVIL,
President, Director and CEO
He lives
38045 Shaker Blvd., Hunting Valley, OH 44022 – USA
Cathy CRONYN, Vice
President and Secretary
Subsidiaries
And partnership:
Dunline Rubber Products
International Co. Ltd.
Room 402, 5th Building,
No. 1500 Lianhua South Road,
Minhang District, Shanghai 201101 China
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, the
Manager controlled the present report but deferred any financials.
However, sales estimate for
year 2012 is in the range of CAD 3,200,000= verse CAD 3,000,000= in 2011.
The business is said to be
profitable.
Banks: Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: March 2013
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: March 2013
Line of business: Office supply
Paying status: On terms
Date reported: March 2012
High credit: CAD 65,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: March 2013
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: October 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 |
||
|
10/12 |
$5,800 |
100% |
0% |
0% |
0% |
0% |
|
11/12 |
$6,100 |
100% |
0% |
0% |
0% |
0% |
|
12/12 |
$5,900 |
100% |
0% |
0% |
0% |
0% |
|
01/13 |
$5,800 |
100% |
0% |
0% |
0% |
0% |
|
02/13 |
$6,100 |
100% |
0% |
0% |
0% |
0% |
|
03/13 |
$5,900 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments
were made on regular basis.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
07-18-2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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%)