MIRA INFORM REPORT

 

 

Report Date :

13.04.2013

 

IDENTIFICATION DETAILS

 

Name :

CLIC INTERNATIONAL INC.

 

 

Registered Office :

2185 Av. Francis-Hughes, Laval, Quebec H7S 1B5

 

 

Country :

Canada

 

 

Year of Establishment :

1979

 

 

Legal Form :

Federal Corporation – Profit 

 

 

Line of Business :

production, marketing, and distribution of food products

 

 

No. of Employees :

147

 

 

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 :

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 & address 

 

Company name:            CLIC INTERNATIONAL INC.

Address:                       2185 Av. Francis-Hughes, Laval, Quebec H7S 1B5 - Canada

Telephone:                    +1 450-669-2663

Fax:                              +1 450-667-6799

Website:                       www.clicfoods.com

 

 

Company summary

 

Corporate ID#:               4346521

State:                           Federal

Judicial form:                 Federal Corporation – Profit 

(A Federal Corporation is allowed to do business in all the country)

Date incorporated:          12-16-1983

Date founded:                1979

Stock:             -

Value:             -

 

Name of manager:   Assaad ABDELNOUR

 

 

ACTIVITIES & OPERATIONS

 

History:

 

02-01-2006

Merger of:

- ALIMENTS RAMICO INC.

- CLIC IMPORT EXPORT INC.

 

05-17-2006

Name changed from CLIC IMPORT EXPORT INC.

 

IST

 

Business:

CLIC International Inc. engages in the production, marketing, and distribution of food products in Canada, the United States, and internationally.

 

It offers salad bar mixes, lentils, chickpeas, and broad beans; dried yoghourt, navers marinade, marinated garlic, and marinated vegetables; rice, beans, and lentils; dried fruits, oil, and shortenings; and cereals, spices, gravy, cans and juices, milk products, pickles, coffee, nuts, and desserts. The company serves warehouse stores, convenience stores, ethnic stores, natural food products stores, hotel suppliers, hospitals and restaurants, food processing companies, independent distributors, ship owners, and supermarket food chains. It offers its products through a network of distributors.

 

Brand names include:

- ALIMENTATION CLIC CALGARY

- CLIC CALGARY FOOD

- ALIMENTATION CLIC MARITIME

- CLIC MARITIME FOOD

- CLIC

- CLIC IMPORT EXPORT

- IMPORT EXPORT CLIC

- CLIC INTERNATIONAL

- CLIC INTERNATIONALE

- JARDIN CANADA

- CANADA GARDEN

- LA GAZELLE

- M. FALAFEL

- MONIQUE

- SIPA

- TIGER

- UNCLE BOB’S

- UNCLE TONY’S

 

Suppliers include:

 

UNITED FOODS COMPANY (PSC)
P.O. BOX NO.5836, Dubai, United Arab Emirates

 

DALIAN DINGMING TRADING CO., LTD.

518 Huanghe Road, Dalian City, China

 

 

CAE:                5219

Staff:                 147

 

Operations & branches:

At the headquarters, we find a factory, warehouse and office, on  110,000 sq. ft. owned.

 

http://www.clicfoods.com/images/immeuble.jpg

 

 

The Company maintains branches located:

 

47 Racine Road, Unit #4
Toronto, Ontario M9W-6B2
Tel: (416) 298 2366
Fax: (416) 298 3686

 

1127, Newmarket

Ottawa, Ontario K1B 4N4
Tel: (613) 749-5583
Fax: (613) 749-5124

 

 

SHAREHOLDERS & MANAGERS

 

Shareholders:

LES INVESTISSEMENTS CANADIENS-LIBANAIS CORP. LTEE

2185 Av. Francis Hughes, Laval, Quebec H7S 1N5

Federal Corporation incorporated on December 11, 1979

ID# 93548

Holding Company

President: Assaad ABDELNOUR

 

Management:

Assaad ABDELNOUR is the President, Director and CEO.

Mr. Assaad Abdelnour founded CLIC International Inc. and serves as its President.

Mr. Abdelnour started his career in real estate commercial investments.

In 1984, after owning and operating a supermarket, Mr. Abdelnour discovered a niche in the market that was lacking in the food industry.

Mr. Abdelnour acquired more knowledge as well as a better understanding of the North American retail food business. As the immigration profile in Quebec was experiencing a drastic change, Mr. Abdelnour realized the huge potential of ethnic products.

 

Subsidiaries

And partnership:            None

 

 

FINANCIALS

 

In Canada, privately held corporations are not required to publish any financials.

 

On a direct call, a financial assistant controlled the present report.

 

Sales declared for fiscal year ending January 2012 is in the range of

CAD 25,000,000=

 

The business is said to be profitable.

 

 

Banks:  Royal Bank of Canada

                        Laval, Quebec

 

 

LEGAL FILINGS

 

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

Secured debts summary:   None

 

 

COMPANY CREDIT HISTORY

 

Trade references:

 

Date reported:                August 2012

High credit:                    CAD 4,000

Now owing:                    0

Past due:                      0

Last purchase:               July 2012

Line of business:            Office supply

Paying status:               On terms

 

Date reported:                August 2012

High credit:                    CAD 250,000+

Now owing:                    0

Past due:                      0

Last purchase:               July 2012

Line of business:            Payroll

Paying status:               As agreed

 

Date reported:                August 2012

High credit:                    USD 1,500

Now owing:                    0

Past due:                      0

Last purchase:               July 2012

Line of business:            Telecommunications

Paying status:               On terms

 

 

Domestic credit history:

Domestic credit history appears as follow:

Monthly Payment Trends - Recent Activity

 

Date

Balance

Current

Up to 30 DBT

31-60 DBT

61-90 DBT

>90 DBT

04/12

$180,000

100%

0%

0%

0%

0%

05/12

$167,000

100%

0%

0%

0%

0%

06/12

$182,000

100%

0%

0%

0%

0%

07/12

$178,000

100%

0%

0%

0%

0%

08/12

$180,000

100%

0%

0%

0%

0%

09/12

$179,000

100%

0%

0%

0%

0%

 

National Credit Bureaus gave a satisfying credit rating.

 

According to our credit analysts, during the last 6 months, payments are made on terms.

 

International credit history:

Payments of imports are currently made on terms.

 

Other comments:

 

The Company maintains a regular business.

 

 

The bank confirmed a regular account on 5 figures high.

 

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

Last report was filed on 07-27-2012.

 

The risk is low.

 

Our opinion:

A business connection may be conducted.

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.83.77

Euro

1

Rs.71.33

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.