|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXPORT PACKERS COMPANY LIMITED |
|
|
|
|
Registered Office : |
107 Walker Drive, Brampton, Ontario L6T 5K5 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Year of Establishment : |
1937 |
|
|
|
|
Legal Form : |
Ontario Corporation – Profit |
|
|
|
|
Line of Business : |
importing, exporting, and marketing food
commodities in Canada and internationally |
|
|
|
|
No. of Employees : |
175 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1,500,000 |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 an affluent, high-tech industrial
society in the trillion-dollar class, Canada resembles the US in its
market-oriented economic system, pattern of production, and affluent 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 exports each year. Canada is the US's largest foreign supplier of
energy, including oil, gas, uranium, and electric power. Given its great
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 financial sector''s
tradition of conservative lending practices and strong capitalization. Canada
achieved marginal growth in 2010 and 2011 and plans to balance the budget by
2015. In addition, the country''s petroleum sector is rapidly becoming an even larger
economic driver with Alberta''s oil sands significantly boosting Canada''s
proven oil reserves, ranking the country third in the world behind Saudi Arabia
and Venezuela.
|
Source : CIA |
Company name: EXPORT PACKERS COMPANY LIMITED
Address: 107 Walker Drive,
Brampton, Ontario L6T 5K5 - Canada
Telephone: +1
905-792-9700
Fax: +1 905-792-9547
Website: www.exportpackets.com
Corporate ID#: ON-001729814
State: Ontario
Judicial form: Ontario Corporation – Profit
Date incorporated: April 1,
2007
Date founded: 1937
Stock: -
Value: -
Name of manager: Jeff
RUBENSTEIN
History:
That business is issued
from the merger of:
- 1470705 ONTARIO LIMITED
- EXPORT PACKERS FOOD
LIMITED
- EGGNITION FOODS LIMITED
- EXPORT PACKERS COMPANY
LIMITED
- EXPORT WINNIPEG LIMITED
Business:
Export Packers Company Limited, a food wholesale and agricultural
commodity trading company, engages in importing, exporting, and marketing food
commodities in Canada and internationally.
Its activities include global and domestic meat trading; offering juice
concentrates, fruits and vegetables, field crop commodities, and dairy and
seafood products; marketing domestic and imported food products to food service
distributors, major chains, and independent operators; providing value-added
services, such as product development and menu planning; marketing domestic and
imported food products to grocery, club, and discount retailers in Canada; and
providing food products, such as sea cucumber meat, geoduck, and abalone to
food service distributors, major chains, and supermarkets in China, Korea,
Japan, Vietnam, the Philippines, India, and Indonesia.
The company also provides salmon; whole fish, loins, and fillets;
freshwater products, such as lake trout, pickerel, whitefish, and yellow perch;
and other items, which include scallops, clams, and pasteurized crab meat for
retailers, and food service and retail distributors.
In addition, it offers services, such as confirmation of product
specification, commodity purchasing, quality control and safety, logistics,
documentation, and financing.
The company was founded in 1937 and is headquartered in Brampton,
Canada.
CAE: 5999
Staff: 175
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains a
branch located:
9900 Blvd Cavendish, Ste
210
Montreal, Quebec H4M 2V2
Canada
Shareholders:
EXPORT PACKERS COMPANY
INCORPORATED
107 Walker Drive
Brampton, Ontario L6T 5K5 - Canada
Management:
Jeff RUBENSTEIN is the CEO
and Secretary.
Daniel LEBLANC is the
President and COO
Mr. Daniel LeBlanc, Dan has been the Chief Operating Officer of Export
Packers Company Limited since November 1999 and serves as its President. Prior
thereto, Mr. LeBlanc served as the Chief Financial Officer of Export Packers
since 1994. Mr. LeBlanc served as a Director of Royce Resources Corp.
(formerly, AADCO Automotive Inc).
Max RUBENSTEIN is the founder and Chairman.
Brian LAMBERT is the CFO.
Subsidiaries & Partnership:
None
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.
Outside sources (bank) gave
estimate sales for year 2011 in the range of
CAD 77,000,000+
The business is profitable.
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: November 2012
High credit: CAD 30,000
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Office supply
Paying status: On terms
Date reported: November 2012
High credit: CAD 250,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: November 2012
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent Activity |
|
According to our credit analysts, during the last 6 months, payments of
imports are currently made on terms.
International
credit history:
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
Other comments:
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last annual report was
filed on July 11, 2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
Credit requested: USD 140,000=
Maximum credit: USD
1,500,000=
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.