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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
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Name : |
GELDA SCIENTIFIC & INDUSTRIAL DEVELOPMENT CORPORATION |
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Registered Office : |
6320 Northwest Drive, Mississauga, Ontario L4V 1J7 |
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Country : |
Canada |
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Date of Incorporation : |
28.02.1979 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures, imports and distributes a comprehensive range of more
than 800 high quality food items. |
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No. of Employees : |
20 |
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) |
|
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 a 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
GELDA SCIENTIFIC & INDUSTRIAL DEVELOPMENT CORPORATION
Address: 6320 Northwest Drive, Mississauga,
Ontario L4V 1J7 - Canada
Telephone: +1
905-673-9320
Fax: +1 905-673-8114
Website: www.gelda.com
Corporate ID#: ON-000407101
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 02-28-1979
Stock: -
Value: -
Name of manager: Kesh
GELDA
Business:
Gelda Scientific manufactures, imports and distributes a comprehensive
range of more than 800 high quality food items.
In addition to servicing Restaurants, Banquet Halls, Hotels and
Airlines, our products are also available in all major Supermarkets, Indian and
Middle Eastern grocery stores.
Gelda Foods’ product line includes; Canned
Goods, Spices, Flour, Basmati Rice, Mango Puree, Ashoka Frozen Vegetables,
Parathas, Ready-to-eat Dinner Entrees, Maaza Tropical Juices, Butter Ghee, Gold
Seal Vegetable Ghee, Vegetarian Cheeses (Rennet and Pepsin Free), Paneer,
Roasted Cashews, Specialty Ice Creams - Kulfi (mango, malai, pista and faluda),
Kontos Flat Breads, Cocktail Samosas, Puris and Rotis - plain and whole wheat,
Vegetarian Cookies- Egg Free (almond, coconut, zeera, naan khathi), Cake Rusk,
Tea Toast, and many more food stuffs of consistent freshness and high quality.
Gelda Pharmaceutical manufacturing facility
is able to produce OTC and NHP products in a varity of dosage forms - tablets,
capsules, liquids and powders.
The Company is also doing business as GELDA FOODS.
Brands include DONELLI, HANSCO, KARRARA, NOOR, MIRA, TEA INDIA, KFI, and
others.
Suppliers include:
LITTLE BEE IMPEX,
VILL MALLIPUR G T ROAD VILL MALLIPUR, DORAHA LUDHIANA 141421 INDIA
PARLE PRODUCTS PVT. LTD
NORTH LEVEL CROSSING, VILE PARLE (EAST) MUMBAI 400057, INDIA
Staff: 20
Operations & branches:
At the headquarters, we
find a large warehouse and office, owned.
Shareholders:
This is a GELDA family owned
and managed company.
Management:
Kesh GELDA is the President, Director and CEO
Graduate from Wilfrid Laurier University in 1977
Present here since February 1987.
As far as we know, he is 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
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 5 to 10,000,000=
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
Haut du formulaire
Trade references:
Date reported: August 2013
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Office supply
Paying status: On terms
Date reported: August 2013
High credit: CAD 25,000+
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Payroll
Paying status: As agreed
Date reported: August 2013
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent
Activity |
|
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made on terms.
International credit history:
Payments of imports are currently made on terms.
Other comments:
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.62.36 |
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|
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.