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Report No. : |
321879 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
REN-WIL INC. |
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Registered Office : |
9181 Rue Boivin, Montreal, Quebec H8R 2E8 |
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Country : |
Canada |
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Date of Incorporation : |
19.10.1967 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject designs and manufactures quality wall decor, mirrors, and
lighting for any room setting or environment |
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No. of Employees : |
100 |
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 |
REN-WIL INC.
Address: 9181 Rue Boivin,
Montreal, Quebec H8R 2E8 - Canada
Telephone: +1
514.367.1741
Fax: +1 514.363.4753
Website: www.renwil.com
Corporate ID#: 1142748848
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 10-19-1967
Stock: -
Value: -
Name of manager: Jonathan
WILNER
Business:
The Company designs and manufactures quality wall decor, mirrors, and
lighting for any room setting or environment.
Sells its products in Canada and United States.
The main distributor is the department store SEARS.
Foreign suppliers include:
JINHUA MH IMPORT&EXPORT CO.,LTD
ROOM 701 UNIT B.BUILDING B3 BAOJI BANDAO,NO 1688,BAYI SOUTH JINHUA CHINA
Staff: 100
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The company maintains
branches located:
Toronto Showroom
T.I.C.C. 6900 Airport Rd. Suite 101
Mississauga, Ontario L4V 1E8
Las Vegas Showroom
World Market Center A425, Las Vegas, NV - USA
Dallas Showroom
World Market Center #10014, Dallas, TX - USA
Shareholders:
Major shareholder (+50%)
WILNER HOLDINGS 2001 LTD.
LES PLACEMENTS WILNER
9181 Rue Boivin, Montreal, Quebec H8R 2E8 - Canada
Management:
Jonathan WILBER, President, Director and CEO
Ryan WILBER, Vice President and Director.
As far as we know, they are involved in the parent company.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a financial
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 10,000,000+
The business is said to be
profitable.
Banks: Banque de Montreal
…
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: April 2015
High credit: CAD 15,000
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 130,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Payroll
Paying status: As agreed
Date reported: April 2015
High credit: CA 300
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
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.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains its business.
The bank confirmed a
regular 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
July 8, 2014.
The risk is low.
Our opinion:
A business connection may be
conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.69 |
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1 |
Rs.99.73 |
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Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
SHG |
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.