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Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
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Name : |
EXPORT-IMPORT TRADE CENTRE OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.07.1993 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Specializing in distribution, Import/Export, trading services of international food, fiberglass & chemical products |
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No. of Employees : |
5 |
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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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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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
economiccrisis, 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-IMPORT TRADE CENTRE OF CANADA AND
U.S.A. LIMITED
Address:
Canada
Telephone: +1
416-979-7967
Fax: +1 416-797-8866
Website: www.eximcan.com
Corporate ID#: 001037293
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 07-13-1993
Stock: -
Value: -
Name of manager:
Business:
EXPORT IMPORT TRADE CENTRE OF CANADA AND USA LIMITED is an international
food, fiberglass & chemical products company specializing in distribution,
Import/Export, trading services and Warehousing facilities operating out of
Toronto, Canada and Baroda & Ludhiana, India.
Products include beans, lentils, peas, dry fruits and nuts, sugar, rice,
canned vegetables, dairy products, glass, chemicals, ink & adhesives, paint
chemicals, and much more.
On his website, the Company announced the change name to EXIMCAN CANADA,
on
November 1st, 2012, but this is not registered yet.
The Company is member of the Canadian Special Crops Association (CSCA),
Alliance of Manufacturers and Exporters Canada, Pulse Canada, Canadian
Manufacturers and Exporters (CME), Ontario Association of Trading Houses (OATH)
and Export Development Canada (EDC).
Suppliers include:
New Hope Foods Limited
RM103, A-2, Cuiheng Garden, 3rd Avenue Tdea, Tianjin, China
Nanjing N.E.Oriental Imp. & Exp. Co., Ltd.
Room 303 Jinchenge, Golden Eagle International Garden, Shigu Road 100#,
Nanjing, China
The Company exports to U.S.A., Central and South America.
Staff: 5
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
Mike MEHTA is a shareholder.
Management:
Mike MEHTA is the President and CEO.
B.COMM., B.Sc
As far as we know, he is not involved in other local corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, the
manager controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2011 is in the range of CAD 8,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
HSBC
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.78 |
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1 |
Rs.86.77 |
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Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.