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Report No. : |
309838 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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Name : |
BELLE RATIONAL TRADING LIMITED |
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Registered Office : |
55 Queen Street East, Ste 607, Toronto M5C 1R6 |
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Country : |
Canada |
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Date of Incorporation : |
11.03.1986 |
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Legal Form : |
Corporation – Profit |
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LINE OF BUSINESS : |
SUBJECT
IS ENGAGED IN SERVICING THE CANADIAN AND US DIAMOND MARKETS WITH THE FINEST,
POLISHED LOOSE DIAMONDS. |
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No. of Employees : |
2 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
|
Source
: CIA |
Your order on: BELLE RATIONAL TRD
The correct name is: BELLE
RATIONAL TRADING LIMITED
Company name: BELLE RATIONAL TRADING LIMITED
Address: 55 Queen Street East,
Ste 607, Toronto M5C 1R6 - Canada
Telephone: +1
416-203-2100
Fax: +1 416-203-2130
Website: www.bellerational.com
Reg. address: 33 City Centre Dr., Ste 361B,
Mississauga, Ontario, L5B 2N5 Canada
Telephone: +1
905-276-6040
Fax: +1 905-276-1656
Corporate ID#: ON-0000658520
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: March 11,
1986
Stock: -
Value: -
Name of manager: JULIUS
HOSCHANDER
Business:
Belle Rational is a diamond firm, servicing the Canadian and US diamond
markets with the finest, polished loose diamonds.
No name of foreign suppliers available.
Staff: 2
Operations & branches:
At the headquarters, we
find an office and showroom, on lease.
Shareholders:
Julius HOSCHANDER is a
major shareholder.
Management:
Julius HOSCHANDER is the
President and CEO.
As far as we know, he is involved in other corporations, including:
BELLE RATIONAL GEMS AND FINE JEWELLERY INC.
33 City Centre Dr., Ste 361B, Mississauga, Ontario, L5B 2N5
Incorporated in Ontario on October 11, 2005
ID#ON-0001675370
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 2014 is in the range of CAD 320,000=
(CAD 300,000= in 2012)
The business is said to be
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: January 2015
High credit: CAD 2,000+
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Payroll
Paying status: As agreed
Date reported: January 2015
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
International credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains its
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
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|
1 |
Rs.94.71 |
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Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.