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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL HIDES & SKINS (AR) INC. |
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Registered Office : |
65 Rue |
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Country : |
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Date of Incorporation : |
07.09.2006 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject is engaged in the business of Leather and hide tanning and
finishing |
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No. of Employees : |
10 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
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.
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Source
: CIA |
PEAUX & CUIRS INTERNATIONAL (AR) INC. (in French)
INTERNATIONAL HIDES & SKINS (AR) INC. (in English)
Address: 65 Rue Sherbrooke, Ste 1704, Montreal, Quebec H2X
1C4, Canada
Telephone: +1
514-817-2984
Fax: +1 514-75-1530
Website: www.hidesandskins.ca
Corporate ID#: 4370392
State: Federal
Judicial form: Federal Corporation – Profit
A Federal Coompany is allowed to do business
in all the Country.
Date incorporated: September
7, 2006
Stock: -
Value: -
Name of manager: Mustafa
Mahmoud BHUIYAN
Business:
Leather and hide tanning and finishing.
The Company imports mainly from Latin America and exports wordwide.
No name of foreign suppliers available.
Staff: 10
Operations & branches:
At the headquarters, we find
a small workshop and office.
Shareholders:
8450846 CANADA INC.
65 Rue Sherbrooke, Ste 1704, Montreal, Quebec H2X 1C4
Federal corporation incorporated on March 1, 2013
ID# 8450846
Mustafa Mahmoud BHUIYAN,
President
(Holding Company)
Stephane ROGER
2600 Pierre Dupuy, Apt 203, Montreal, Quebec H3C 3R6
Management:
Mustafa Mahmoud BHUIYAN,
President
He is the President since 06-13-2013. He is also Secretary and
Treasurer.
He replaced Lionel ALIX.
Stephane ROGER, Vice President
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of USD 2,000,000=
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
Trade references:
Date reported: November 2013
High credit: CAD 10,000
Now owing: 0
Past due: 0
Last purchase: October 2013
Line of business: Office supply
Paying status: On terms
Date reported: November 2013
High credit: CAD 10,000
Now owing: 0
Past due: 0
Last purchase: October
2013
Line of business: Payroll
Paying status: As agreed
Date reported: November 2013
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: October
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 deferred any
information.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
07-15-2013
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
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|
1 |
Rs.102.25 |
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Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
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 |
---- |
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.