MIRA INFORM REPORT
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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL PHARMACEUTICAL GENERICS LTD |
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Registered Office : |
77 Auriga Drive, Ste 4, Ottawa, Ontario K2E 7Z7 |
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Country : |
Canada |
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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 Canada. |
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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
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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 and address
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
ACTIVITIES &
OPERATIONS
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 & MANAGERS
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.
FINANCIALS
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
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None