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Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
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Name : |
DOMINION CUTTING SERVICE INC. |
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Registered Office : |
99 Rue Chabanel Ouest, |
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Country : |
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Date of Incorporation : |
26.09.1939 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Subject manufactures
table tops, pet beds, decorative throws, and others. |
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No. of Employees : |
30 |
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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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,
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 |
Company name: DOMINION CUTTING SERVICE INC. (in English)
SERVICE
DE COUPAGE DOMINION INC. (in French)
Address: 99 Rue Chabanel Ouest,
Ste 104, Montreal, Quebec H2N 1C3 Canada
Telephone: +1
514-270-4118
Fax: +1 514-270-8657
Website: www.dominionarlee.com
Corporate ID#: 1142683078
State:
Judicial form: Corporation – Profit
Date incorporated: 02-16-1995
Date founded: 09-26-1939
Stock: -
Value: -
Name of manager: Murray A. CUTTLER
Business:
The Company manufactures
table tops, pet beds, decorative throws, and others.
Business names include
- ARLEE
- EVERLOFT II
- MAGIC DREAMS/UNIFOAM
- TABLE TRENDS
Suppliers include:
Anhui Golden Dream Sources Textile Products Co.
Ltd.
Tongcheng Economic Development Zone, China
Staff: 30
Operations & branches:
At the headquarters, we
find a small factory, warehouse and office.
Shareholders:
LEE DAV HOLDINGS INC. (+50%)
5510 Rue Saint-Dominique, Montreal, Quebec H2T 1V5 – Canada
MURCUTT INVESTMENTS INC.
3764 Avenue Grey, Montreal, Quebec H4A 3N7 - Canada
Management:
Murray A. CUTTLER, President and Secretary
Rita LEIBOVITZ and Selda LEIBOVITZ, Vice President
As far as we know, they are 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 financial
assistant controlled the present report.
Sales declared for year
2012 is in the range of CAD 3,000,000=
The business is said to be
profitable.
Banks: Banque de Montreal
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: September 2013
High credit: CAD 12,000
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: CAD 35,000
Now owing: 0
Past due: 0
Last purchase: August 2013
Line of business: Payroll
Paying status: As agreed
Date reported: September 2013
High credit: CAD 400
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 due date.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains its
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
May 6, 2013.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
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|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
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.