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Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
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Name : |
PRESTIGE, PASSIONNES DE TAPIS PERSANS INC. |
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Registered Office : |
2600 Nd Laurier, Ste 9, Laurier, Quebec G1V 4T3 |
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Country : |
Canada |
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Date of Incorporation : |
16.07.1998 |
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Legal Form : |
Corporation – Profit |
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LINE OF BUSINESS : |
THE
SUBJECT IS IMPORTER AND RETAILER OF CARPETS. |
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No. of Employees : |
3 |
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) |
|
Canada |
A1 |
A1 |
|
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 a 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.
|
Source
: CIA |
PRESTIFE TAPIS PERSANS ET ORIENTAUX
The correct name is :
Company name: PRESTIGE, PASSIONNES DE TAPIS PERSANS INC.
Address: 2600 Nd Laurier, Ste 9, Laurier,
Quebec G1V 4T3 - Canada
Telephone: +1
418-554-4400
Fax: +1 418-780-1800
Website: www.prestigecarpet.ca
Corporate ID#: 1147890835
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 07-16-1998
Stock: -
Value: -
Name of manager: Vahid
SHAKIBAIAN
Business:
The Company is importer and retailer of carpets.
Suppliers include:
Kay International
Station Rd, Chedibeer, Bhadohi, UP 221401, India
Staff: 3
Operations & branches:
At the headquarters, we
find a beautiful showroom, warehouse and office, on lease.
Shareholders:
This is a SHAKIBAIAN family
owned and managed company.
Management:
Vahid SHAKIBAIAN is the
President and CEO.
Graduate from Laval University in 1995, in Labor and Industrial
Relations.
As far as we know, he is not involved in other local corporations.
Subsidiaries
And 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.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 700,000=
The business is said to be
profitable.
Banks: Canadian Imperial Bank of Commerce CIBC
2880 Chemin des Quatre Bourgeois, Ste Foy, Quebec G1V 4X7
Ph : +1 418-653-8328
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: August 2013
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Office supply
Paying status: On terms
Date reported: August 2013
High credit: CAD 5,000+
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Payroll
Paying status: As agreed
Date reported: August 2013
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: July 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 |
||
|
03/13 |
$900 |
100% |
0% |
0% |
0% |
0% |
|
04/13 |
$900 |
100% |
0% |
0% |
0% |
0% |
|
05/13 |
$900 |
100% |
0% |
0% |
0% |
0% |
|
06/13 |
$1,000 |
100% |
0% |
0% |
0% |
0% |
|
07/13 |
$1,100 |
100% |
0% |
0% |
0% |
0% |
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08/13 |
$1,000 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments
were made on terms.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed an
account on 5 figures low.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
02-25-2013.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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.