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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AMIRA ENTERPRISES INC |
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Registered Office : |
5375, boul. Henri Bourassa West, |
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Country : |
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Year of Establishment : |
1978 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Dried fruits importers and distributors |
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No. of Employees : |
Not Available |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 98.3849 USD |
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Legal Name: |
AMIRA ENTERPRISES INC |
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Trade Name: |
AMIRA |
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Legal Address |
5375, boul. Henri Bourassa West Montréal, QC H4R 1C1, Canada |
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Operative Address |
5375, boul. Henri Bourassa West Montréal, QC H4R 1C1, Canada |
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Telephone: |
514-382-9823 |
ID : |
NA |
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Fax: |
514-382-6091 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1978 |
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Manager: |
Adel Boulos, Vice President |
Date Incorporated: |
1978 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Dried fruits importers and distributors. |
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Name of the Bank |
ROYAL BANK OF CANADA |
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HISTORY |
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The company was created in 1978. In 1995 the company provided its products to chain stores. In 2005, the company was using different public warehouse to store its
products so they decided to acquire a 65,000 sq ft facility on a 110,000 sq
ft land in Ville St-Laurent. With an investment of $3.000.000 this property and the new equipment
acquired enabled Amira to operate efficiently and expand its facility. |
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PRINCIPAL ACTIVITY |
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Dried fruits importers and distributors. |
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Products/Services description: |
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The company is engaged in the dried fruits process and distribution. Some of the products that the company market are: Fresh Fruit &
Vegetable, Nuts (bulk) Nuts 1lb, Dry Fruits (bulk), Fruits 1lb, Mixes (bulk), Mixes 1lb,
Snacks (bulk), Snacks 1LB covered in Chocolate & Yogurt (bulk), Candies
(bulk), Prepacked Products, Soup, Glazed Fruits, Beans (bulk), Beans 907g,
Cereals (bulk), Rice, Beans, Dried Tomatoes, Olives & Pickled,
Vegetables, Jams, Falafel, Garlic, Deserts, Jelly, Honey, Extracts, Pulses,
Ghees & Tahina, Herbs, Miscellaneous (A). |
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Sales are: |
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Wholesale |
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Brands: |
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The company package some of its products under the AMIRA brand. Amira Enterprises Inc. is also an exclusive agent for the following
brand names: Al Koura, Sera, Cold Alex, Malawi Cheese and Nakhil Meassel. |
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Clients: |
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The company works with chain stores. |
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Operations area: |
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National, International |
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The company imports from Egypt, Lebanon, Syria, Turkey, Saudi
Arabia, Iran |
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The company exports to USA |
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The subject employs NA 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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5375, boul. Henri Bourassa West Montréal, QC H4R 1C1, Canada. |
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Surface area: |
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65,000 sq ft |
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The property is: |
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Owned |
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Comments on location: |
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Headquarters and operative location. |
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Branches: |
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The company has sales representatives in the following areas:
Montreal, Quebec, Ottawa, Toronto, Calgary, Edmonton, Vancouver, New
Brunswick, Lac St-Jean, Abitibi and Prince-Edward Island. It has also a direct sales point thought its Super market, which is
located in 1445, Mazurette Montréal, QC H4N 1G8, Canada. |
- 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 Boulos family is the main shareholder. |
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Management: |
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Adel Boulos, Vice President. Amira Boulos, Marketing & Sales Manager. |
- 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 Mrs. Galdina Plokova
from the accounts payable, but we were transferred to voice mail several times.
We left a message but it was not answered yet. |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
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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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Amira Enterprises Inc. was founded in 1978
and established in Canada. In 2005 the company acquired a 65,000 sq ft
facility on a 110,000 sq ft land in Ville St-Laurent. With an investment of $3.000.000 this
property and the new equipment acquired enabled Amira to operate efficiently
and expand its facility. Amira imports its products from Egypt,
Lebanon, Syria, Turkey, Saudi Arabia, Iran, among others and distributes them
in Canada and USA. We did not fin any detrimental information
about the company. According to our opinion the company is
well established and experienced in its area. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Comments |
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We have contacted the company´s accounts payable manager. We left a
message but it has not been answered yet. However, the answering machine provides us of the company´s legal
name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.83 |
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UK Pound |
1 |
Rs.87.41 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.