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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
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Name : |
T J FOODS IMPORTS |
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Registered Office : |
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Country : |
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Year of Establishment : |
2007 |
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Legal Form : |
Corporation Not for Profit |
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Line of Business : |
Import Basmati Rice |
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No. of Employees : |
05 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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: USD |
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Legal Name: |
T J Foods Imports |
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Trade Name: |
MATCO |
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Legal Address |
4820 Dayfoot Dr,
MISSISSAUGA, Ontario L5M 7K2, Canada |
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Operative Address |
4820 Dayfoot Dr.,
MISSISSAUGA, Ontario L5M 7K2, Canada |
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Telephone: |
+1 (647) 896-74 05 |
ID : |
234567133242 |
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Fax: |
+1 (888) 267-19 91 |
Legal Form: |
Corporation Not for Profit |
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Email: |
Registered in: |
Ontario |
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Website: |
http://www.matcorice.com |
Date Created: |
2007 |
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Manager: |
Muhammad Javed Khan, President |
Date Incorporated: |
2007 |
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Staff: |
05 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Foods Importer |
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Name of the Bank |
BANK OF CANADA |
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HISTORY |
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T J Foods imports was
created in 2007 |
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PRINCIPAL ACTIVITY |
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T J Foods imports, is a
rice company which import basmati rice. The company has rice their own brands
and they are supplying in major private labels in Canada and export to USA. |
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Products/Services description: |
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The company imports
mainly rice. |
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Sales are: |
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Wholesale |
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Clients: |
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Companies related to food
business. |
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Operations area: |
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National, International |
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The company imports from Pakistan |
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The company exports to U.S.A. |
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Trade References: |
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Despite our searches we
were not able to find any company's trade references. |
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The subject employs 05 employees |
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PAYMENTS |
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Regular |
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LOCATION |
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Headquarters |
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4820 Dayfoot Dr.,
MISSISSAUGA, Ontario L5M 7K2, Canada |
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The property is: |
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Owned |
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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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Muhammad Javed Khan is
the company's main shareholder |
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Management: |
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Muhammad Javed Khan, President |
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As a private company the
subject does not publish any financial statements. |
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We have contacted the
receptionist who refused to provide us any financial data on grounds of
confidentiality. |
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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 |
2011 |
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Turnover |
1,000,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
600,000 |
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The cash flow is |
Normal |
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Comments on the financial data: We could not confirm the financial information with the company, however
we found an estimate of the company's revenue for 2011. |
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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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T J Foods Imports, has 5 years of experience as rice importer from Pakistan,
from their sole location in Ontario, where they work with 5 employees also
the company exports their product to U.S.. We did not find any negative information or legal record against the
company, and after our research and the information collected |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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Position |
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the receptionist |
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Comments |
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He was able to confirm us
the address, but refused to provide or confirm any further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.29 |
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UK Pound |
1 |
Rs.86.61 |
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Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
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 |
---- |
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.