MIRA INFORM REPORT
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Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
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Name : |
GOUDAS FOOD PRODUCTS CO LTD |
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Registered Office : |
241 Snidercroft Rd, Concord, ON L4K 2J8 |
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Country : |
Canada |
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Year of Establishment : |
1996 |
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Legal Form : |
Limited Company |
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Line of Business : |
General Line Grocery Merchant Wholesalers |
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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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Maximum Credit Limit : |
USD 50,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Goudas Food Products Co Ltd |
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Address in the order: |
241, Snidercroft Rd., Concord (Ontario) Canada L4K 2J8 |
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Legal Name: |
Goudas Food Products Co Ltd |
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Legal Address |
241 Snidercroft Rd Concord, ON L4K 2J8, Canada |
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Telephone: |
+1 (905) 660-3232 |
ID : |
NA |
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Fax: |
+1 (905) 660-3232 |
Legal Form: |
Limited Company |
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Email: |
NA |
Registered in: |
Canada |
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Website: |
NA |
Date Created: |
1996 |
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Manager: |
Peter Goudas, President |
Date Incorporated: |
NA |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
General Line Grocery Merchant Wholesalers |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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PRINCIPAL ACTIVITY |
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General Line Grocery Merchant Wholesalers |
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Products/Services description: |
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The company is engaged in providing the following categories of
products: Rice Packed And Bulk Beans And Peas Dry Cello Beans And Peas Cans Vegetables In Cans Tomato Products And Pastes Fruits In Cans Sauces Condiments Pastes Spices & Sessonings - Retail Spices & Sessonings - Bulk Vinegars Pickles Dressings Oils / Olives / Shortenings Flour Essences & Baking Sugars & Salt Coconut Products Dairy Products Honey Products Breakfast Cereals Syrups Beverages And Drinks Coffee Teas Drink Powders Snacks And Confectionary Fish Meats And Sausages Pasta Vermicelli & Noodles Soups & Prepared Meals (Among others) |
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Sales are: |
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Wholesale |
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Brands: |
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Golden Feather, Tai Tai, Mr. Goudas, Spinorizo, Garlito, Cake Maker,
Lientilino, Golden Dragon, Root Beer, Bambolino, Heavenly Bite, Speedy Rice,
etc. |
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Clients: |
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Professionals of the industry |
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The company imports from worldwide |
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Trade References: |
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No trade references |
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The subject employs 10 employee(s) |
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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 the address listed above. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. The Goudas family is the main shareholder. |
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Management: |
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Peter Goudas, President |
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 have contacted the operator of the company, who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
2,894,760 |
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The cash flow is |
Normal |
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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 Canadian company
which employs 10 people and has 15 years of experience in the market. There were no legal filings found against the
company or its legal representatives. It is a family owned business. The income per employee remains pretty
fair for the company's size. A credit line may be considered for USD
50,000.- |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide us any information on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.71.24 |
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Euro |
1 |
Rs.64.16 |
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.