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Report Date : |
22.09.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
759 Rue du Square Victoria, Ste 200 Montreal, Quebec H2Y 2J7 |
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Country : |
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Date of Incorporation : |
02.02.2010 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacture and retail leather clothing |
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No. of Employees : |
02 |
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 : |
Small Company |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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 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: COMMERCE DE CUIR DEVON LTEE (in French)
DEVON LEATHER TRADING LTD (in English)
Address: 759 Rue du Square Victoria,
Montreal, Quebec H2Y 2J7 – Canada
Telephone: +1 514-289-1811
Fax: -
Website: -
Corporate ID#: 1166383696
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 02-02-2010
Stock: -
Value: -
Name of
manager: Kelly SICHERI
Business:
Manufacture and retail leather clothing.
No name of foreign suppliers available.
Staff: 2
Operations & branches:
At the
headquarters, we find a small workshop and showroom, on lease.
Shareholders:
1st
shareholder:
Chatel
Limited
Palm Grove
House, PO Box 438, Road Town, Tortola, BVI
2nd
shareholder:
Aliance
Ltd.
Palm Grove
House, PO Box 438, Road Town, Tortola, BVI
Both are
trustees.
Management:
Kelly SICHERI is the President
She is not resident in Canada.
She lives on 40 Plesher Road Ford End., Chelmsford, Essex CM31LF UK
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, nobody accepted to answer our questions.
We sent a
mail but no answer received at this time.
Outside
sources (bank) gave estimate sales for year 2013 in the range of
CAD
200,000=
The
business is said to be profitable.
Banks: Banque de Montreal
800, rue du Square-Victoria, Montréal QC H4Z 1A5
Ph: +1 514-877-8180
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: August 2014
High
credit: CAD 2,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: August 2014
High
credit: CAD 3,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: August 2014
High
credit: CAD 150
Now owing: 0
Past due: 0
Last
purchase: July 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 bank
confirmed a small account.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on January 3, 2014.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.80 |
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1 |
Rs.100.06 |
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Euro |
1 |
Rs.78.46 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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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.