MIRA INFORM REPORT
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Report Date : |
25.04.2014 |
IDENTIFICATION DETAILS
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Name : |
FRANCIS KIM & COMPANY CA PROFESSIONAL CORPORATION |
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Registered Office : |
200 Finch Avenue West, Ste 230, Toronto, Ontario M2R 3W4 |
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Country : |
Canada |
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Date of Incorporation : |
05.02.2008 |
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Legal Form : |
Professional Corporation – Profit |
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Line of Business : |
Chartered accountant. |
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No. of Employees : |
2 |
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 : |
Slow but correct |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 high 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 merchandise exports each year. Canada
is the US's largest foreign supplier of energy, including oil, gas, uranium,
and electric power. Given its abundant 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 2010-13
and plans to balance the budget by 2015. In addition, the country's petroleum
sector is rapidly expanding, because Alberta's oil sands significantly boosted
Canada's proven oil reserves. Canada now ranks third in the world in proved oil
reserves behind Saudi Arabia and Venezuela.
|
Source
: CIA |
Company
name and address
Your order on: FRANCIS KIRK
& COMPANY PC
The correct name is:
Company name: FRANCIS KIM & COMPANY CA PROFESSIONAL
CORPORATION
Address: 200 Finch Avenue West, Ste 230,
Toronto, Ontario M2R 3W4 Canada
Telephone: +1
416-225-6504
Fax: +1 416-225-8574
Website: www.franciskim.ca
Company
summary
Corporate ID#: ON-002162588
State: Ontario
Judicial form: Professional Corporation – Profit
Date incorporated: February
5, 2008
Stock: -
Value: -
Name of manager: Francis
KIM
ACTIVITIES & OPERATIONS
Business:
Chartered accountant.
Office
of the Foreign Assets Control (OFAC):
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
SHAREHOLDERS &
MANAGERS
Shareholders:
Francis KIM is a major shareholder.
Management:
Francis KIM is the President.
Graduate from the University of Toronto in Investigative and Forensic
Accounting
Graduate from State University of New York at Albany with a M.S. in
accounting.
Member of Canadian Institute of Chartered
Accountants (CICA)
• Member of Institute of Chartered Accountants of Ontario (ICAO)
• Member of American Institute of Certified Public Accountants (AICPA)
• Member of Maryland Association of Certified Public Accountants (MACPA)
Chartered Accountant- Institute of Chartered Accountants of Ontario
Certified Public Accountant - States of New York and Maryland
Subsidiaries
And partnership: None
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 300,000=
The business is said to be
profitable.
Banks: Scotia Bank
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary : None
COMPANY CREDIT HISTORY
Trade references:
Date reported: March 2014
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: February 2014
Line of business: Office supply
Paying status: On terms
Date reported: March 2014
High credit: CAD 5,000
Now owing: 0
Past due: 0
Last purchase: February 2014
Line of business: Payroll
Paying status: As agreed
Date reported: March 2014
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: February 2014
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.
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.61.07 |
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1 |
Rs.102.77 |
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Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
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Analysis Done by
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SUM |
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Report Prepared
by : |
NNA |
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.