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Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ROGITEX INTERNATIONAL INC. |
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Registered Office : |
76 Bld Hymus, |
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Country : |
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Date of Incorporation : |
18.07.2012 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer and exporter of tire cord fabrics, synthetic
rubber, polystyrene polymer, carbon black and polyethylene terephthalate
(PET), and others |
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No. of Employees |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 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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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate 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
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Source
: CIA |
Company name: ROGITEX INTERNATIONAL INC.
Address: 76 Bld Hymus, Pointe Claire, Quebec H9R 1E3 - Canada
Telephone: +1 514-332-1140
Fax: +1 514-332-9556
Website: www.rogitexcollection.com
Corporate ID#: 8245452
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 07-18-2012
Stock: -
Value: -
Name of
manager: Rawi KAYAL
Business:
The Company is importer and exporter of tire cord fabrics, synthetic rubber, polystyrene polymer, carbon black and polyethylene terephthalate (PET), and others.
The Company is also using the registered name:
ENTREPRISE ROGITEX INTERNATIONAL.
Suppliers
include:
ACHECHEM LIMITED
9A SAKET APRATMENTS 9TH FLOOR 2 HO CHI MINH SARANI KOLKATA 700071 INDIA
Staff: 1
Operations & branches:
At the
headquarters, we find a warehouse and office, together with ROGITEX INC.
Shareholders:
ROGITEX
INC.
76 Bld Hymus, Pointe Claire, Quebec H9R 1E3 – Canada
BENANI HOLDINGS LIMITED
2 Soufouli Chantelier Bldg, Nicosia 1096, Cyprus
Management:
Rawi KAYAL, President, Director,
Philippe KAYAL, Vice President and Director
Bashir LABAT, Director, Treasurer and Secretary
They are also involved in:
ROGITEX INC.
76 Bld Hymus, Pointe Claire, Quebec H9R 1E3 – Canada
Federal Corporation
Incorporated on 01-15-1979
Federal ID# 802433
Importer wholesaler distributor bedding, blankets, throws, linens…
Sales 2013: CAD 35,000,000=
In Canada,
privately held corporations are not required to publish any financials.
We called
but nobody accepted to answer any question.
We sent a
fax but no answer received.
Estimate
revenue up to CAD 3,000,000=.
Banks: Banque de Montreal
Montreal, Quebec
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: June 2014
High credit: CAD
3,000
Now owing: 0
Past due: 0
Last
purchase: May 2014
Line of
business: Office supply
Paying
status: On
terms
Date
reported: June 2014
High
credit: CAD 3,000
Now owing: 0
Past due: 0
Last
purchase: May 2014
Line of
business: Payroll
Paying
status: As
agreed
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.
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.
Last report
was filed on 01-30-2014.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
|
1 |
Rs.102.79 |
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Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.