MIRA
INFORM REPORT
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Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
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Name : |
1201258 ONTARIO INC. |
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Registered Office : |
14 Automatic Road, Unit 30 and 31 Brampton, Ontario L6S 5N5 – |
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Country : |
Canada |
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Date of Incorporation : |
26.09.1996 |
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Legal Form : |
Corporation – Profit
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Line of Business : |
Importer, exporter and trader of disinfectants, antiseptics, mouthwash, gum paint |
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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 : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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Source
: CIA |
note
Your order on: MED SCIENCE CANADA
This is a business name used by: 1201258 ONTARIO INC
Company name and address
Company name: 1201258 ONTARIO INC.
Address:
Brampton, Ontario L6S 5N5 – Canada
Telephone: +1 905-792-7330
Fax: +1 905-792-7721
Website: -
Corporate ID#: ON-001201258
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 09-26-1996
Stock: -
Value: -
Name of
manager: L.P. SINGH
ACTIVITIES
& OPERATIONS
Business:
The Company is importer, exporter and trader of disinfectants, antiseptics, mouthwash, gum paint, and others.
The Company exports:
THANH NHON CORPORATION
315 NAM KY KHOI NGHIA, DISTRICT 3 H O CHI MINH CITY, VIETNAM
MEDIMARKETS PHARMACEUTICAL
A-104 SITE AREA KARACHI, PAKISTAN
Staff: 5 + part time
Operations
& branches:
At the
headquarters, we find the corporate office.
SHAREHOLDERS & MANAGERS
Shareholders:
L. P. SINGH
is a major shareholder.
Management:
L. P. SINGH is the Chairman, President and CEO.
Subsidiary:
Nanz Med Science Pharma
(P) Ltd.
Abhishek Corporate Tower, P-17 A, II Floor, Pandav Nagar, Mayur Vihar,
Phase-1, Delhi - 110091 India
www.nanzpharma.com
The company reported a negative Profit after Tax (PAT) of Rs. 0.1 Crore on an Operating Income (OI) of Rs. 42.9 Crore in 2012-13.
FINANCIALS
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.
No
financials available.
Banks: HSBC Bank
…
LEGAL FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
COMPANY
CREDIT HISTORY
Trade
references:
Date
reported: May 2014
High
credit: CAD 5,000
Now owing: 0
Past due: 0
Last
purchase: April 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: May 2014
High
credit: CAD 8,000
Now owing: 0
Past due: 0
Last
purchase: April 2014
Line of
business: Payroll
Paying
status: As agreed
Date reported: May 2014
High
credit: CAD 300
Now owing: 0
Past due: 0
Last
purchase : April 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
National
Credit Bureaus gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made with an average of 2 days beyond 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.
The risk is
medium/low.
Our
opinion:
A business
connection may be conducted but we suggest you to check regularly the way of
payments.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.09 |
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1 |
Rs.102.33 |
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Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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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 |
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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.