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Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
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Name : |
A&A PHARMACHEM INC. |
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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 : |
10.24.1991 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject engaged in distributors of Pharmaceutical, Over the Counter,
Nutraceutical and Sports Nutrition Ingredients, supplying critical products and
providing technical support to pharmaceutical and nutraceutical product
manufacturers and marketers in Canada. |
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No. of Employees : |
8 |
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) |
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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.
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Source : CIA |
Company name: A&A PHARMACHEM INC.
Address: 77
Auriga Drive, Ste 4, Ottawa, Ontario K2E 7Z7 - Canada
Telephone: +1
613-228-2600
Fax: +1 613-224-0444
Website: www.aapharmachem.com
Corporate ID#: ON-0000951172
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-24-1991
Stock: -
Value: -
Name of manager: Atul AGGARWAL
Business:
A&A Pharmachem Inc. is one of Canada's leading distributors of
Pharmaceutical, Over the Counter, Nutraceutical and Sports Nutrition
Ingredients, supplying critical products and providing technical support to
pharmaceutical and nutraceutical product manufacturers and marketers in Canada.
Staff: 8
Operations & branches:
At above address, we find
the corporate office.
Shareholders:
This is a AGGARWAL family owned and managed company.
Management:
Atul AGGARWAL is the President,
Director and CEO
Nav AGGARWAL is Director
As far as we know, they are
involved in other corporations, including:
INTERNATIONAL PHARMACEUTICAL GENERICS LTD
77 Auriga Drive, Ste 4, Ottawa, Ontario K2E 7Z7
Incorporated in Ontario on 11-18-2008
ID# ON-0001663300
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a sales
assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 up to
CAD 30,000,000+
The business is said to be
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
Trade references:
Date reported: April 2013
High credit: CAD 4,000
Now owing: 0
Past due: 0
Last purchase: March 2013
Line of business: Office supply
Paying status: On terms
Date reported: April 2013
High credit: CAD 12,000+
Now owing: 0
Past due: 0
Last purchase: March 2013
Line of business: Payroll
Paying status: As agreed
Date reported: April 2013
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: March 2013
Line of business: Telecommunications
Paying status: On terms
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments of
imports are currently made on terms.
The Company maintains a
regular business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.55.74 |
|
UK Pound |
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
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 |
|
-- |
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.