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Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
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Name : |
AGROCROP EXPORTS LTD. |
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Registered Office : |
5 Parkshore Drive, Ste 3, Brampton, Ontario I6T 5M1 |
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Country : |
Canada |
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Date of Incorporation : |
19.01.2001 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer, wholesaler and trader in food and groceries. |
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No. of Employees : |
15 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Canada |
A1 |
A1 |
|
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 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 2010-12
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: AGROCROP EXPORTS LTD.
Address: 5 Parkshore Drive, Ste
3, Brampton, Ontario I6T 5M1 –
Canada
Telephone: +1
905-458-4551
Fax: +1 605-458-4055
Website: -
Corporate ID#: ON-1441668
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 01-19-2001
Stock: -
Value: -
Name of manager: Kirit
Chagpal KARIA
Business:
Importer, wholesaler and trader in food and groceries.
Suppliers include:
ARAB & INDIA SPICES LLC
P O BOX 28203 DUBAI UAE
PRIMEX INTRNATIONAL CO LTD
UNIT 16C OCEAN TOWER II, 16TH FLOOR NO.75/18 SUKHUMVIT SOI 21 (ASOKE)
BANGKOK, THAILAND
R.J. CHATHA RICE MILS
O S CHATIWIND GATE AMRITSAR, PUNJAB, INDIA
Staff: 15
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a KARIA family
owned and managed company.
Management:
Kirit Chagpal KARIA, President, Director and CEO
Nirupama KARIA, Director, Secretary, Treasurer
Yash Kirit KARIA, Director
As far as we know, they are 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, nobody
was available to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 3,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None