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Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL PHARMACEUTICAL GENERICS LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.11.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a professionally managed organization in the
business of licensing, importing and distributing Pharmaceutical, Over the Counter
and Nutritional finished formulations to Pharmaceutical, Over the Counter
manufacturers and marketers in |
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No. of Employees : |
5 |
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: INTERNATIONAL PHARMACEUTICAL GENERICS LTD
Address: 77 Auriga Drive, Ste 4, Ottawa, Ontario K2E
7Z7 - Canada
Telephone: +1
603-228-2600
Fax: +1 603-224-0444
Website: www.ipgenerics.com
Corporate ID#: ON-0001663300
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 11-18-2005
Stock: -
Value: -
Name of manager: Atul
AGGARWAL
Business:
International Pharmaceutical Generics (IPG) Limited is a professionally
managed organization in the business of licensing, importing and distributing Pharmaceutical,
Over the Counter and Nutritional finished formulations to Pharmaceutical, Over
the Counter manufacturers and marketers in Canada.
No name of foreign suppliers available.
Staff: 5
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
INTERNATIONAL PHARMACEUTICAL GENERICS HOLDINGS INC.
Incorporated in Ontario on March 5, 2012
ID# ON-000186066
Management:
Atul AGGARWAL is the
President.
He is also the President of
A&A PHARMACHEM INC.
77 Auriga Drive, Ste 4, Ottawa, Ontario K2E 7Z7
Incorporated in Ontario on 10-24-1991
ID# ON-0000951172
Sudheer PALADUGU is Vice President and CTO.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 1,000,000=
The business is profitable.
Banks: Royal Bank of Canada
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.35 |
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1 |
Rs.92.11 |
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Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.