|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
FARINART INC. |
|
|
|
|
Registered Office : |
1150 Rang St-Edouard, St-Liboire, Quebec J0H 1R0 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
21.08.1997 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Subject produces and supplies grain blends and flours for bakeries and
food manufacturers in Canada, the Great Britain, Australia, and
internationally. It process blends from various grains and seeds, such as
flax, corn, barley, kamut, spelt, wheat, rice, buckwheat, triticale, rye,
oats, and millet. |
|
|
|
|
No. of Employees : |
11 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
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: FARINART INC.
Your order on: FARIN ART, INC.
Address: 1150 Rang St-Edouard, St-Liboire, Quebec J0H 1R0 - Canada
Telephone: +1 450-793-2880
Fax: +1 450-793-2877
Website: www.farinart.com
Corporate ID#: 1147054051
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 08-21-1997
Stock: -
Value: -
Name of
manager: Sylvain BRASSEUR
Business:
Farinart Inc. produces and supplies grain
blends and flours for bakeries and food manufacturers in Canada, the Great
Britain, Australia, and internationally. It process blends from various grains
and seeds, such as flax, corn, barley, kamut, spelt, wheat, rice, buckwheat,
triticale, rye, oats, and millet.
No name of foreign suppliers available.
CAE: 1051
Staff: 11
Operations & branches:
At the headquarters, we find a factory, warehouse and office.
Shareholders:
INVESTISSEMENTS BRASCO INC. (+50%)
1350 Rue Newton,
Boucherville, Quebec J4B 5H2
CAPITAL REGIONAL COOPERATIF DESJARDINS
2 Complexe Desjardins, Bureau 1717
Montreal, Quebec H5B 1B8
CAPITAL FINANCIERE AGRICOLE INC.
1400 De la Rive Sud Est
RC St-Romuald, Quebec G6W 8K7
Management:
Sylvain BRASSEUR, President, Director and
CEO
Other Directors include Normand BERNIER, Marcel
DUBOIS, and Real MENARD.
Mario COUTURE is Secretary.
As far as we know, they are involved in
other corporations, including:
SPB SOLUTIONS INC.
1350 Rue Newton,
Boucherville, Quebec J4B 5H2
INVESTISSEMENTS BRASCO INC.
1350 Rue Newton,
Boucherville, Quebec J4B 5H2
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.
However, sales estimate for year 2012 is in the range of CAD 1,000,000=
The business is said to be profitable.
Banks: Banque de Montreal
...
Legal filings & complaints:
As of today date, there is no legal filing
pending with the Courts.
Secured debts summary: None