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Report Date : |
04.08.2014 |
IDENTIFICATION DETAILS
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Name : |
AGRICENTRE BELCAN INC. |
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Registered Office : |
180 Montee Sainte-Marie, |
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Country : |
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Date of Incorporation : |
28.12.1983 |
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Legal Form : |
Corporation –
Profit |
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Line of Business : |
Wholesaler and Exporters of Soybeans. |
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No. of Employees : |
30 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Canada |
A1 |
A1 |
|
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 high 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 merchandise exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
abundant 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 2010-13 and plans to balance the budget by
2015. In addition, the country's petroleum sector is rapidly expanding, because
Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada
now ranks third in the world in proved oil reserves behind Saudi Arabia and
Venezuela.
|
Source
: CIA |
ST LAWRENCE BEANS
This is a registered business name owned by:
Company name: AGRICENTRE BELCAN INC.
Address: 180 Montee
Sainte-Marie, Sainte-Marthe, Quebec J0P 1W0 Canada
Telephone: +1
450-459-4288
Fax: +1 450-459-4216
Website: www.slbeans.com
Corporate ID#: 1142479733
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 12-28-1983
Stock: -
Value: -
Name of manager: Jean VERDONCK
HISTORY:
On 04-26-2010, name changed
from AGROCENTRE BELCAN (1983) INC.
BUSINESS:
Wholesaler and exporters of soybeans.
The Company will attend the Natural Products Expo East, in Baltimore, Maryland
USA, on 09-18-2014.
The Company is doing business as:
FEVES DU ST-LAURENT
ST-LAWRENCE SOYBEANS
Staff: 30
OPERATIONS & BRANCHES:
At the headquarters, we
find a warehouse and office.
SHAREHOLDERS:
1st shareholder:
Jean VERDONCK
2nd shareholder:
Luc VERDONCK
Jean VERDONCK is the President, Director and CEO
Ronald VERDONCK, Vice President
Luc VERDOCK, Secretary
Gregory HANEY, Treasurer.
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, nobody
was available to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2013 in the range of
CAD 12,000,000=
The business is profitable.
Banks: Bank de Montreal
LEGAL FILINGS
& COMPLAINTS:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
TRADE REFERENCES:
Date reported: July 2014
High credit: CAD 15,000
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Office supply
Paying status: On terms
Date reported: July 2014
High credit: CAD 50,000
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Payroll
Paying status: As agreed
Date reported: July 2014
High credit: CAD 800
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent Activity |
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
01/14 |
$3,800 |
100% |
0% |
0% |
0% |
0% |
|
02/14 |
$3,500 |
100% |
0% |
0% |
0% |
0% |
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03/14 |
$3,800 |
100% |
0% |
0% |
0% |
0% |
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04/14 |
$3,200 |
100% |
0% |
0% |
0% |
0% |
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05/14 |
$3,900 |
100% |
0% |
0% |
0% |
0% |
|
06/14 |
$3,900 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were prompt and regular.
The Company maintains a
strong business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
05-13-2014.
The risk is low.
A business connection may be
conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.85 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
|
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Report Prepared
by : |
TPT |
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 |
|
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.