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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
JO-RI INC. |
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Registered Office : |
469 Rue Jean Talon Ouest, Ste 306, Montreal, Quebec H3N 1R4 |
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Country : |
Canada |
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Date of Incorporation : |
05.06.1973 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of fabrics and notions. |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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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) |
|
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 |
Your order on: JO RI INCORPORATED
The correct name is: JO-RI INC.
Company name: JO-RI INC. (Correct Name)
Address: 433 Rue Chabanel, Montreal, Quebec H2N 2J3 – Canada
Moved to (several
years ago)
Headquarters: 469 Rue Jean Talon Ouest, Ste 306, Montreal, Quebec H3N 1R4
Canada
Telephone: +1 514-382-1074
Fax: +1 514-382-7266
Website: -
Corporate ID#: 1143722347
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: June 5, 1973
Stock: -
Value: -
Name of
manager: Joel SIMON
Business:
Importer and wholesaler of fabrics and notions.
No name of foreign suppliers available.
Staff: 5
Operations
& branches:
At the
headquarters, we find the corporate office, on lease.
Shareholders:
8377065
CANADA INC.
190-8200 Blvd Décarie, Montréal, Québec H4P 2P5, Canada
Federal Corporation incorporated on 12-12-2012
ID# 8377065
Management:
Joel SIMON is the President, Director and CEO
As far as we know, he is the President of:
9085-1328 QUEBEC INC.
469 Rue Jean Talon Ouest, Ste 306, Montreal, Quebec H3N 1R4
Incorporated in Quebec on 05-05-1965
ID# 1142754499
Wholesale fabrics
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, a sales assistant controlled the present report but deferred any
financials.
We sent a
fax but no answer received.
Sales
declared for year 2010 is in the range of CAD 1,000,000=
(verse CAD
1,200,000= in 2011)
The
business remains profitable.
Banks: Banque de Montreal
Montreal, Quebec
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 2,000
Now owing: 0
Past due: 0
Last
purchase: November 2013
Line of
business: Office supply
Paying
status: 5
days beyond terms
Date
reported: December 2013
High
credit: CAD 8,000+
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 300
Now owing: 0
Past due: 0
Last
purchase: November 2013
Line of
business: Telecommunications
Paying
status: 3
days beyond terms
Domestic
credit history:
National
Credit Bureaus gave a medium credit rating.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains its 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 January 6, 2014.
The risk
remains low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.102.97 |
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Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.