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Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
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Name : |
NEW AGE GRANITE & MARBLE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.03.2008 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
Importer and Wholesaler of Marble and Granite |
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No. of Employees : |
2 + 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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
As a high-tech industrial
society in the trillion-dollar class,
Source
: CIA
Company name: NEW AGE GRANITE & MARBLE LTD
Address: 3100 Langstaff Road, Unit 1,
Concord, Ontario L4L 1A6
Telephone: +1
905-669-6010
Fax: +1 905-669-6011
Cellular: +1
416-455-5111
Website: www.newagegraniteandmarnle.com
Corporate ID#: ON-0002167883
State:
Judicial form: Ontario Corporation - Profit
Date founded: 03-28-2008
Stock: -
Value: -
Manager: Nick FIORENZA
Business:
Importer and wholesaler
marble and granite
Staff: 2 + part time
Operations & branches:
At above address, we find a warehouse, on lease.
7941 Jane Street. Unit #3
Concord, Ontario, Canada
Ph: +1 905-669-6010
Fx: +1 905-669-6011
Shareholders:
Nick FIORENZA is the owner.
Management:
Nick FIORENZA is the President and CEO.
He lives
439 Athabesca Drive
Maple, Ontario L6A 3S2
Ph: 905-553-3036
As far as we know, he is
not involved in other local business.
Giulio FIORENZA is a
manager.
Subsidiaries & Partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, Nick
FIORENZA controlled the present report, but deferred any financials.
Outside sources (bank) gave
estimate sales for year 2012 in the range of CAD 1,300,000= (CAD 900,000= in
2009).
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: September 2013
High credit: USD 3,000
Now owing: 0
Past due: 0
Last purchase: August 2013
Line of business: Office supply
Paying status: On terms
Date reported: September 2013
High credit: USD 10,000
Now owing: 0
Past due: 0
Last purchase: August 2013
Line of business: Payroll
Paying status: As agreed
Date reported: September 2013
High credit: USD 300
Now owing: 0
Past due: 0
Last purchase: August 2013
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
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 with an average of 2 to 5 days
beyond terms.
The Company is improving
its payments, but the cash is low, due to high inventories and bad conditions
of the market.
Other comments:
The Company maintains a
regular 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.63 |
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1 |
Rs.99.94 |
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Euro |
1 |
Rs.84.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
-- |
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.