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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
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Name : |
CHAMBERS & COOKE (1968) LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.04.1968 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is importer, wholesaler and distributor of industrial
supplies including automobile belts and hoses, conveyor belts, industrial footwear,
industrial hoses, and much more |
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No. of Employees : |
14 |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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,
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Source
: CIA |
Company name: CHAMBERS & COOKE (1968) LIMITED
Address:
Telephone: +1 905-475-1331
Fax: +1 905-475-9491
Website: www.chamberscooke.ca
Corporate ID#: ON-000211414
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 04-17-1968
Stock: -
Value: -
Name of
manager: Cynthia CHAMBERS
Business:
The Company is importer, wholesaler and distributor of industrial supplies including automobile belts and hoses, conveyor belts, industrial footwear, industrial hoses, and much more.
Brands represented include Goodyear, American Biltrite, Flexco, Fortex, and others.
Foreign suppliers include:
Forech India Ltd.
Hilton House S- 23, Green Park Extension, New Delhi, Delhi - 110 016, India
Staff: 14
Operations & branches:
At the
headquarters, we find a large warehouse and office, on 25,000 sq. ft. owned.
Shareholders:
This is a
private Company.
Management:
Cynthia CHAMBERS is the President, Director and CEO.
(no antecedents available)
As far as we know, she 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 financial 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 2013 in the range of
CAD
4,000,000=
The
business is said to be profitable.
Banks: Scotia Bank
…
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: November 2014
High
credit: CAD 10,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Office supply
Paying
status: On terms
Date reported: November 2014
High
credit: CAD 20,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: November 2014
High
credit: CAD 300
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
Domestic
credit history appears as follow:
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Monthly Payment
Trends - Recent Activity |
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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 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.63.32 |
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1 |
Rs.98.68 |
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Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIS |
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.