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Report Date : |
18.12.2014 |
IDENTIFICATION DETAILS
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Name : |
9215-0481 QUEBEC INC. |
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Registered Office : |
312 Rue Principale Saint-Stanislas-de-Kosta, Quebec J0S 1W0, |
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Country : |
Canada |
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Date of Incorporation : |
16.10.2009 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer, importer and wholesaler of yarns |
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No. of Employees : |
10 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Company name: 9215-0481 QUEBEC INC.
Reg. address: 312 Rue Principale
Saint-Stanislas-de-Kosta, Quebec J0S 1W0, Canada
Address: 65 Rue Saint-Paul, Ormstown, Quebec J0S 1K0 - Canada
Telephone: +1 450-829-2341
Fax: +1 450-829-3748
Website: -
Corporate ID#: 1166175399
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 10-16-2009
Stock: -
Value: -
Name of
manager: Denis MALBOEUF
Business:
Manufacturer, importer and wholesaler of yarns.
Since April 1, 2010, the Company is doing business as MAROTEX.
Foreign suppliers include:
RSWM LIMITED
SOLARIS BUILDING, D-WING, 5TH FLOOR MUMBAI MH 400072 INDIA
Staff: 10
Operations
& branches:
At the
headquarters, we find a factory, warehouse and office.
The Company
maintains its principal located:
369 Chemin Bord de l’Eau
Sainte-Barbe, Quebec J0S 1P0
Shareholders:
1st shareholder:
Jean-Pierre ROBIDOUX
369 Chemin Bord de l’Eau, Sainte-Barbe, Quebec J0S 1P0
2nd shareholder:
Denis MALBOEUF
312 Rue Principale, Saint-Stanislas-de-Kosta, Quebec J0S 1W0
Management:
Denis MALBOEUF, President, Director and CEO
(no antecedents available)
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 2013 is in the range of CAD 900,000=
The
business is said to be profitable.
Banks: Banque de Montreal
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: November 2014
High
credit: CAD 5,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
busines s: Office
supply
Paying
status: On terms
Date
reported: November 2014
High
credit: CAD 14,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: November 2014
High
credit: CAD 300
Now owing: 0
Past due: 0
Last
purchase: October 2014
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 due date.
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.
Last report
was filed on December 4, 2014.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.99.98 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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 |
|
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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 |
|
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-- |
NB |
New Business |
-- |
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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.