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Report No. : |
319559 |
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Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
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Name : |
HENDERSON OLIVER SALES LTD. |
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Registered Office : |
45 Commercial Road, Bolton, Ontario L7E 1R6 |
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Country : |
Canada |
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Date of Incorporation : |
23.08.1962 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in specialized in sales and marketing of electrical
products, including conduits, connectors, splice and caution tapes, lubricants,
cable cleaners, marker posts, cable winches, air assisted cable installation
equipment, ropes, twines, polyester and aramid fiber pull tapes, fasteners,
smoke and CO alarms. |
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No. of Employees : |
9 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 early intervention by the Bank of Canada and the financial
sector's tradition of conservative lending practices and strong capitalization.
Canada achieved marginal growth in 2010-14 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: HENDERSON OLIVER SALES LTD.
Address: 45 Commercial Road,
Bolton, Ontario L7E 1R6 - Canada
Telephone: +1
905-857-2072
Fax: +1 905-857-5715
Website: www.hendersonoliver.com
Corporate ID#: 001761789
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-01-2008
Date founded: 08-23-1962
Stock: -
Value: -
Name of manager: Robert
ELLIOTT
History:
Business issued from the
merger of:
- HENDERSON OLIVER SALES
LIMITED
- HENDERSON OLIVER SALES
& MARKETING LTD.
Business:
The Company is specialized in sales and marketing of electrical
products, including conduits, connectors, splice and caution tapes, lubricants,
cable cleaners, marker posts, cable winches, air assisted cable installation
equipment, ropes, twines, polyester and aramid fiber pull tapes, fasteners,
smoke and CO alarms.
Brands/companies represented include BRAK-IT, DURA-LINE, KIDDE, ERICO,
CARSONITE, and others.
Staff: 9
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
This is a private Company.
Management:
Robert ELLIOTT is the President, Director and CEO.
As far as we know, he 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, Secretary
controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 1,800,000=
The business is said to be
profitable.
Banks: Scotia 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: March 2015
High credit: CAD 12,000
Now owing: 0
Past due: 0
Last purchase: February 2015
Line of business: Office supply
Paying status: On terms
Date reported: March 2015
High credit: CAD 15,000
Now owing: 0
Past due: 0
Last purchase: February 2015
Line of business: Payroll
Paying status: As agreed
Date reported: March 2015
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: February 2015
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 a
regular 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
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Indian Rupees |
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US Dollar |
1 |
Rs.63.57 |
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1 |
Rs.97.99 |
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Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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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.