|
Report No. : |
343204 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TACTICAL IMPORTS CORPORATION |
|
|
|
|
Registered Office : |
3163 Winston Churchill Blvd, Box 008, Mississauga, Ontario |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
09.03.2011 |
|
|
|
|
Legal Form : |
Federal Corporation – Profit |
|
|
|
|
Line of Business : |
Importer, distributer and retailer of small arms and tactical equipment
to the law enforcement, military and security market in Canada. |
|
|
|
|
No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, and electric power, and
a top source of US uranium imports. 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 despite the recent drop in oil prices.
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 and is the world’s fifth-largest oil producer.
|
Source
: CIA |
Company name: TACTICAL IMPORTS CORPORATION
Address: 3163 Winston Churchill Blvd, Box
008, Mississauga, Ontario
Telephone: +1
416-570-3937
Fax: +1 647-317-1969
Website: www.tacticalimports.ca
Corporate ID#: 7796722
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: March 9,
2011
Stock: -
Value: -
Name of manager: NICOLAS
ELWORTHY
Business:
Tactical Imports Corporation is a worldwide importer, distributer and retailer
of small arms and tactical equipment to the law enforcement, military and
security market in Canada. We are not a simple retailer within the standard
domestic distribution network. We create our own network with direct
relationships alongside manufacturers from all over the world.
It deals directly with both the end user and the manufacturers to ensure
the clearest lines of communication are achieved; and the end user's
wants/needs are met at the highest degree.
Tactical Imports Corp. is capable of catering to the special
requirements of Law Enforcement, DND and Government Agencies.
Its capabilites also allow us to supply products from nearly all small
arms and tactical equipment maufacturers.
Foreign suppliers include:
- Fábricas y Maestranzas del Ejército de Chile (FAMAE) •
- KBP Instrument Design Bureau •
- Sero Trading and Marketing Ltd. •
- China North Industries Corporation •
- Pioneer Arms Corporation
Staff: 3
Operations & branches:
At the headquarters, we find
a warehouse and office.
Shareholders:
Nicolas ELWORTHY is a major
shareholder.
Management:
Nicolas ELWORTHY is the
President, Director and CEO.
No antecedents available.
As far as we know, he is they are involved in other corporations,
including:
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, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 600,000=
The business is 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: September 2015
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Office supply
Paying status: On terms
Date reported: September 2015
High credit: CAD 5,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Payroll
Paying status: As agreed
Date reported: September 2015
High credit: CAD 320
Now owing: 0
Past due: 0
Last purchase: August 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 is developing
its 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
March 8, 2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
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.