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Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
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Name : |
PUNJAB TRADING INC. |
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Registered Office : |
6885 Davand Drive, Mississauga, Ontario L5T 1L5 |
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Country : |
Canada |
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Date of Incorporation : |
25.07.1991 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of beverages, biscuits, flour, oils, pastes, spices, and other food products: |
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No. of Employees : |
15 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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: PUNJAB TRADING INC.
Address: 6885 Davand Drive, Mississauga, Ontario L5T 1L5 - Canada
Telephone: +1 905-461-1584
Fax: +1 905-795-6090
Website: www.ptifoods.com
Corporate ID#: ON-00949667
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 07-15-1991
Stock: -
Value: -
Name of
manager: Rakesh SHARMA
Business:
Importer and wholesaler of beverages, biscuits, flour, oils, pastes, spices, and other food products:
South Asian brands include PTI, Shakti, Khana Khazana, and Parachute.
Sells to about 150 independent stores, chain stores, supermarkets, restaurants, and others.
Suppliers include:
Pankaj Exports
1st Floor Abdul, Tawawala Building, 99, Rehman Street, Rehman Street, Mumbai, Maharashtra 400003, India
SAJJAN COMMODITIES(THAILAND) CO.,LTD
42,7TH FLOOR, OFFICE NO.701, SOI PRAMOT 2,MAHESAK ROAD, SURAWONGSE, BANGRAK, BANGKOK 10500 THAILAND
Staff: 15
Operations & branches:
At the
headquarters, we find the corporate office and warehouse.
The Company
was located 1236 Cardiff Blvd, Mississauga, Ontario.
Shareholders:
This is a private Company.
Management:
Rakesh SHARMA is the President, Director and CEO
Graduate from York University - Schulich School of Business, in 2002, with a MBA in Strategy and Finance.
Former Sr. Consultant with Arthur Andersen Consulting from July 1998 to
August 2001.
Present here since September 2002.
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 but deferred any
financials.
We sent a
fax but no answer received.
However,
sales estimate for year 2013 is in the range of CAD 2,000,000=
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: December 2013
High
credit: CAD 3,000
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 70,000
Now owing: 0
Past due: 0
Last
purchase: November 2013
Line of
business: Payroll
Paying
status: As agreed
Date
reported: December 2013
High
credit: CAD 8,000
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.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.48 |
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|
1 |
Rs.102.95 |
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Euro |
1 |
Rs.84.60 |
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 |
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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 |
-- |
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.