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Report No. : |
321249 |
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Report Date : |
12.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ALEX YOUNG MONUMENTAL CO. LTD. |
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Registered Office : |
2398 Scarth Street, Regina, Saskatchewan S4P 2J7 |
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Country : |
Canada |
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Date of Incorporation : |
1909 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures Granite and Marble Memorials, Memorial Vases, Cremation
Urns |
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No. of Employees : |
4 + 3 Part Time |
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 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.
|
Source
: CIA |
Your order on: YOUNGS MEMORIAL
This is a business name used by:
Company name: ALEX YOUNG MONUMENTAL CO. LTD.
Reg. address: 2398 Scarth Street, Regina,
Saskatchewan S4P 2J7 - Canada
Headquarters: 1010 Scarth Street, Regina,
Saskatchewan S4R 2C9 - Canada
Telephone: +1
306-352-7372
Fax: +1 306-522-8851
Website: www.youngmemorials.ca
Corporate ID#: 517263
State: Saskatchewan
Judicial form: Corporation – Profit
Date incorporated: 05-18-1961
Date founded: 1909
Stock: 4
shares common
50,000 shares preferred
Value: No
par value
Name of manager: Brenda
GIELIS
Business:
The Company manufactures granite and marble memorials, memorial vases,
cremation urns…
No name of foreign suppliers available.
Staff: 4 + 3 part time
Operations & branches:
At the headquarters, we
find a workshop, showroom and office.
Shareholders:
Ms. Brenda GIELIS is a
major shareholder.
Management:
Ms. Brenda GIELIS is the
President, Director and CEO.
As far as we know, she is they are 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, a sales
assistant 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 800,000=
The business is said to be
profitable.
Banks: TD 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: April 2015
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Office supply
Paying status: On terms
Date reported: April 2015
High credit: CAD 12,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Payroll
Paying status: As agreed
Date reported: April 2015
High credit: CAD 220
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment
Trends - Recent Activity |
|
National Credit Bureaus
gave a satisfying credit risk.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
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
August 12, 2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
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|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.