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Report Date : |
23.04.2014 |
IDENTIFICATION DETAILS
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Name : |
BROADGRAIN COMMODITIES INC. |
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Registered Office : |
18 King Street E., Ste 900, Toronto, Ontario M5C 1C4 |
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Country : |
Canada |
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Date of Incorporation : |
01.07.2013 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject transports, trades, and markets grains, cereals,
oilseeds, soybeans, soybean meal, corn, and by-products |
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No. of Employees : |
25 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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Source
: CIA |
Company name: BROADGRAIN COMMODITIES INC.
Address: 18 King Street E., Ste 900, Toronto, Ontario M5C 1C4
Canada
Telephone: +1 416-504-0070
Fax: +1 416-504-0080
Website: www.broadgrain.com
Corporate ID#: 8488509
State: Federal
Judicial form: Federal Corporation – Profit
(A Federal Corporation is allowed to do business in all the
Country)
Date incorporated: July 1, 2013
Date founded: 2003
Stock: -
Value: -
Name of
manager: Zaid QADOUMI
History:
The Company
is isuued from the merger of:
LAKESIDE
GLOBAL GRAINS INC.
Federal
Corporation incorporated on 12-01-2006 under ID# 4396928
and
BROADGRAIN COMMODITIES INC.
Federal Corporation
incorporated on 11-19-2009 under ID# 7281200
Business:
BroadGrain Commodities, Inc. transports, trades, and markets grains, cereals, oilseeds, soybeans, soybean meal, corn, and by-products in Canada and internationally.
It trades and markets feed wheat, milling wheat, barley, crusher beans, dried distiller's grain with solubles, non-genetically modified beans, and feed peas. The company also supplies Canadian pulses, special crops, lentils, peas, and beans to operations and supply partnerships in Canada, as well as to customers in Argentina, North Africa, Brazil, Russia, Ukraine, India, Canada, Asia, the Middle East, and the United States.
BroadGrain Commodities, Inc. was founded in 2003 and is based in Toronto, Canada.
The Company exports worldwide.
Staff: 25
Operations & branches:
At the
headquarters, we find the corporate office, on lease.
The Company
maintains facilities located:
61 Lorne Ave. East, Unit
5
Stratford, Ontario N5A 2N9
3963 Perth Road 183
RR #4 Seaforth, Ontario N0K 1W0
Junction Highways 6 &
16
Dafoe, Saskatchewan S0A 4T0
10803 Cook Road
Brinston, Ontario K0E 1C0
4810 Perth Road 160
Bornholm, Ontario
Shareholders:
- Ghazi
QADOUMI
- Zaid
QADOULI
Management:
Zaid QADOULI is the President, Director and CEO.
He has over 10 years of experience in the agricultural commodities trade and has extensive knowledge of international business.
He received his Bachelor of Commerce degree from McGill University in Montreal, Quebec.
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, a financial assistant controlled the present report.
Sales given
for fiscal year ending August 2013 is in the range of
CAD
18,000,000=
The
business is 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: December 2013
High
credit: CAD 8,000
Now owing: 0
Past due: 0
Last purchase:
November 2013
Line of
business: Office supply
Paying
status: On terms
Date
reported: December 2013
High
credit: CAD 30,000
Now owing: 0
Past due: 0
Last
purchase: November 2013
Line of
business: Payroll
Paying
status: As agreed
Date reported: December 2013
High
credit: USD 500
Now owing: 0
Past due: 0
Last
purchase: November 2013
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made on due date.
Other
comments:
The Company
is developing 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.60.71 |
|
|
1 |
Rs.102.04 |
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Euro |
1 |
Rs.83.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
|
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.