MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Name : |
NORTHERN GATE ENTERPRISES LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.08.2005 |
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Com. Reg. No.: |
BC-0000731947 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Agro Food Export Company |
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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Maximum Credit Limit : |
USD 10,000. |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100 CAD = 101.25 USD |
IDENTIFICATION
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Ordered as: |
Northern Gate Enterprises Ltd |
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Address in the order: |
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Legal Name: |
Northern Gate Enterprises Ltd |
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Trade Name: |
Northern Gate |
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Legal Address |
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Telephone: |
604 375 4655 |
Registration Number : |
BC-0000731947 |
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Fax: |
778 329 8621 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
August 8, 2005 |
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Manager: |
Mohsen Fard, President |
Date Incorporated: |
NA |
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Staff: |
4 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Agro food export company |
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BANKS
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Name of the Bank |
Royal Bank of |
BUSINESS
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HISTORY |
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The company was founded in 2005. |
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PRINCIPAL ACTIVITY |
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The company is an agro food export company that works directly with
the producers and farmers in order to supply products from the farm to the
global market. The company is doing business with: |
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Products/Services description: |
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The company processes and distributes below listed Canadian products. 1) Beans 2) Specialty Crops (Chickpeas, Lentil, Peas etc.) 3) Cereals 4) Grain 5) Animal feed such as Alfalfa cubes and pellets, Variety of Meals. 6) Bird Food: Specialist in processing more than 10 Variety of exotic
bird Mixes 7) Seeds for Human or Animal Consumption such as Flax, canary seed,
Millets etc |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International, Local |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Branches: |
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We found no branches for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. It is owned by Mohsen Fard. |
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Management: |
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Mohsen Fard - President Arturo Revuelta - Manager Mehran Saheli - Accountant |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We could not contact the company as we were directed to the voicemail
of Mohsen Fard, President. We left him a message but received no reply by the
time we did this report. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
7,000,000 |
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The cash flow is |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final
Opinion |
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This is a small sized company with 4
employees and 5 years of experience in the market. We could not contact the company in order
to obtain financial information for the year 2009. We left a message for Mohsen
Fard, President but did not receive a reply yet. A credit line may be considered for USD
10,000. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We could not contact the company as we were directed to the voicemail
of Mohsen Fard, President. We left him a message but received no reply by the
time we did this report. Unfortunately we could not verify this information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.59 |
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1 |
Rs.72.31 |
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Euro |
1 |
Rs.60.73 |
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.