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Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
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Name : |
WORLD SHINER CANADA INC. |
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Registered Office : |
80 Richmond Street W., Toronto, Ontario M5H 2A4 |
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Country : |
Canada |
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Date of Incorporation : |
24.02.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Wholesale jewelry and fine diamonds. |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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) |
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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 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: WORLD SHINER CANADA INC.
Address: 80 Richmond Street W.,
Toronto, Ontario M5H 2A4 - Canada
Telephone: +1 416-368-5955
Fax: +1 416-368-5855
Website: www.worldshiner.com
Corporate ID#: ON-002065840
State: Ontario
Judicial form: Corporation – Profit
Date incorporated:
02-24-2005
Stock: -
Value: -
Name of manager: Krunal JAIN
Business:
Wholesale jewelry and fine diamonds.
No name of foreign suppliers.
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office and showroom, on lease.
Shareholders:
This is a private Company.
Management:
Dharmesh PATEL is the President
Krunal JAIN is the Manager
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.
However, sales estimate for
year 2012 is in the range of CAD 200,000=
The business is said to be
profitable.
Banks: n/a
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None