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Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
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Name : |
MASTERPIECE GRANITE & MARBLE INC. |
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Registered Office : |
85 Bentley Avenue, Ottawa, Ontario K2E 6T7 |
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Country : |
Canada |
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Date of Incorporation : |
05.06. 2008 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
The
Company is importer and wholesaler of marble and granite. |
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No. of Employees : |
6 |
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 : |
Moderate |
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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: MASTERPIECE GRANITE & MARBLE INC.
Address: 85 Bentley Avenue,
Ottawa, Ontario K2E 6T7 - Canada
Telephone: +1
613-784-0500
Fax: +1 613-260-1925
Website: www.masterpiecegranite.com
Corporate ID#: 6989098
State: Federal
Judicial form: Federal Corporation – Profit
A Federal Company is allowed to do business in
all the
Country.
Date incorporated: June 5,
2008
Stock: -
Value: -
Name of manager: Mohamed
ABOUALY
Business:
The Company is importer and
wholesaler of marble and granite.
Sells mainly in Ontario and
Quebec.
Suppliers include:
PARANA GRANITOS LTDA
RUA JOSE LUIZ DA ROCHA, 100 - CAMAR SERRA ES 29164-252 BRAZIL
Staff: 6
Operations & branches:
At the headquarters, we
find a showroom, large warehouse and office, on lease.
The Company maintains
another store located:
31 Pennsylvania Avenue, Unit B
Vaughan, Ontario L4K 5V2
Ph: 905-761-6767
Fx: 905-761-1587
Shareholders:
This is a private Company.
Management:
Mohamed ABOUALY is the President, Director and CEO
Marcin KOZNIEWSKI is 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.
However, sales estimate for
fiscal year ending June 2012 is in the range of CAD 400,000=
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