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Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
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Name : |
BALCORP LIMITED |
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Registered Office : |
4103 Rue |
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Country : |
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Date of Incorporation : |
20.08.1976 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
·
Subject is engaged in international trade and
marketing ·
Subject act as a representative/agent, a principal/merchant,
an equity participant or any combination thereof |
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No. of Employees : |
12 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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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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 |
As a high-tech industrial society in the trillion-dollar
class,
|
Source
: CIA |
Company name: BALCORP LIMITEE (in French)
BALCORP
LIMITED (in English)
Address: 4103 Rue
Telephone: +1
514-939-0909
Fax: +1 514-939-0777
Website: www.balcorp.com
Corporate ID#: 155101
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 08-20-1976
Stock: -
Value: -
Name of manager: Baljit
Singh CHADHA
Business:
Balcorp's head office is located in Westmount, Canada with associate
offices in Mumbai & Delhi, India.
Balcorp is engaged in international trade and marketing. Depending on the requirements
of the specific situation Balcorp can act as a representative/agent, a
principal/merchant, an equity participant or any combination thereof.
Balcorp is a member of the following associations, Canada India Business
Council (CIBC), World Trade Centre Montreal, Board of Trade of Metropolitan
Montreal, Quebec Association of Export Trading House (AMCEQ), Indo-Canada
Chamber of Commerce.
The Company exports worldwide.
No name of foreign suppliers available.
Staff: 12
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
GROUPE BALCORP LIMITEE
4103 Rue Sherbrooke Ouest,
Westmount, Quebec H3Z 1A7 – Canada
Federal Corporation
incorporated on 03-20-1995
ID# 717170
Management:
Baljit Singh CHADHA is the President, Director and CEO.
He graduated from Bombay University with a Bachelor of
Science degree.
He later obtained a MBA from Concordia
University.
Mr. Chadha is also a well known philanthropist and a leader of the
Indian community in Canada. He has been a key player in a number of
international trade missions and treaty development processes.
Mr. Chadha also sits on the Board of Governors of Concordia University
and has advised the Office of the Mayor of Montreal on Indo-Canadian affairs.
He has served on the advisory board of the Indo-Canada Chamber of Commerce.
He served as a Director of Warnex Inc., from October 1, 2009 to June 29,
2011. He was appointed by Prime Minister Jean Chrétien to the Security
Intelligence Review Committee as well as the Queen's Privy Council for Canada
in 2003.
As far as we know, he is involved in several other corporations in
Canada and India.
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 excess of CAD 20,000,000+
The business is profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: May 2014
High credit: CAD 50,000
Now owing: 0
Past due: 0
Last purchase: April 2014
Line of business: Office supply
Paying status: On terms
Date reported: May 2014
High credit: CAD 30,000
Now owing: 0
Past due: 0
Last purchase: April
2014
Line of business: Payroll
Paying status: As agreed
Date reported: May 2014
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: April 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 is developing a
strong business.
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 9, 2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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Report Prepared
by : |
NNA |
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.