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Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
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Name : |
M & M RESOURCES INTERNATIONAL INC. |
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Registered Office : |
155 Pleasant, Dundas, Ontario L9H 3T9 |
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Country : |
Canada |
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Date of Incorporation : |
27.09.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is an international steel trading company |
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No. of Employees : |
2 |
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) |
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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 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 |
Company name: M & M RESOURCES INTERNATIONAL INC.
Reg. address: 155 Pleasant, Dundas, Ontario L9H 3T9
- Canada
Mailing address: 4369 Erwin Road, Burlington, Ontario
L7M 0L6 - Canada
Telephone: +1
905-906-3285
Fax: +1 905-627-2473
Website: www.mmrii.com
Corporate ID#: 1669486
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 09-27-2005
Stock: -
Value: -
Name of manager: Weiguo
TONG
Business:
M & M Resources International Inc. is an international steel trading
company located in Hamilton, Ontario, Canada with office in China.
The major business is steel international trading.
Products are from Hot Rolled, Cold Rolled steel to electrical steel.
M & M Resources International Inc. is also involved in sourcing all
kind of commodities from price-competitive and quality-sound sources such as
Vacuum Cleaner Paper Bags and parts, DVD players and other commodities from
China.
The Company exports worldwide.
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a private Company.
Management:
Weiguo TONG is the President, Director and CEO.
Other Directors include Mary Yikun TONG and Yong Hong YANG.
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
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 1,000,000=
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