MIRA INFORM REPORT

 

 

Report Date :

11.07.2014

 

IDENTIFICATION DETAILS

 

Name :

AGROPUR EXPORT GROUP INC. 

 

 

Registered Office :

506 Rue McGill, Bureau 400, Montreal, Quebec H2Y 2H6

 

 

Country :

Canada

 

 

Date of Incorporation :

02.03.1999

 

 

Legal Form :

Corporation – Profit  

 

 

Line of Business :

Trader of Milk products Including Butter, Milk Powders, Cheese, Meat, Casein, Whey Products & Special Milk Products

 

Subject product lines are as follows:

Butter

·         Unsalted Butter

Salted Butter

Anhydrous Milk Fat / Butter oil

Milk Powders

Full Cream Milk Powder

Instant FCMP

Skimmed Milk Powder

Buttermilk Powder

Milk Protein Concentrates / Isolates

 

Cheese

·         Hard Cheese

Semi-hard Cheese

Semi-soft Cheese

Processed Cheese

 

 

Special Milk Products

·         Tailor-made Blends

Milk Powder Substitutes

 

Whey Products

·         Functional Whey Proteins

Whey Permeate / Deproteinized Whey

Whey Powder

Whey Protein Concentrates

Whey Protein Isolates

Lactose

Demineralized Whey Powder

Hydrolyzed Whey Protein / Peptids

Delactosed Whey Protein

 

Casein

·         Caseinates (Sodium or Calcium)

Acid Casein

Rennet Casein

 

Meat

·         Beef

Pork

Chicken

Veal

Portion-Controlled Products

Tumble-Vacuumed Products

Added-Value Products

 

 

No of Employees :

08

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 


Company name & address

 

Company name:            AGROPUR GROUPE EXPORT INC. (in French)

                                    AGROPUR EXPORT GROUP INC. (in English)

 

Address:                       506 Rue McGill, Bureau 400, Montreal, Quebec H2Y 2H6

                                    Canada

 

Telephone:                    +1 514-397-1999

Fax:                              +1 514-397-0799

Website:                       www.mliinc.com

 

 

Company summary

 

Corporate ID#:               359356-8

State:                           Federal

Judicial form:                 Corporation – Profit  

Date incorporated:          March 2, 1999

Name of manager:          Serge RIENDAU

 

 

ACTIVITIES & OPERATIONS

 

Business:

 

Trader of milk products including butter, Milk Powders, Cheese, Meat, Casein, Whey Products & Special Milk Products

 

Subject product lines are as follows:

Butter

·         Unsalted Butter

Salted Butter

Anhydrous Milk Fat / Butter oil

Milk Powders

Full Cream Milk Powder

Instant FCMP

Skimmed Milk Powder

Buttermilk Powder

Milk Protein Concentrates / Isolates

 

Cheese

·         Hard Cheese

Semi-hard Cheese

Semi-soft Cheese

Processed Cheese

 

 

Special Milk Products

·         Tailor-made Blends

Milk Powder Substitutes

 

Whey Products

·         Functional Whey Proteins

Whey Permeate / Deproteinized Whey

Whey Powder

Whey Protein Concentrates

Whey Protein Isolates

Lactose

Demineralized Whey Powder

Hydrolyzed Whey Protein / Peptids

Delactosed Whey Protein

 

Casein

·         Caseinates (Sodium or Calcium)

Acid Casein

Rennet Casein

 

Meat

·         Beef

Pork

Chicken

Veal

Portion-Controlled Products

Tumble-Vacuumed Products

Added-Value Products

 

The Company is also doing business as:

- M. LARIVEE INTERNATIONAL

- MLI

- MLI INGREDIENTS

 

 

No name of foreign suppliers available.

 

Staff:     8

 

Operations & branches:

At the headquarters, we find the corporate office, on lease.

 

 


SHAREHOLDERS & MANAGERS

 

Shareholders:

AGROPUR COOPERATIVE

600-101 Bld Roland-Therrien

Longueil, Quebec J4H 4B9 - Canada

 

Management:

Serge RIENDEAU, President

Robert COAILLIER, Rene MOREAU, Directors

Lorraine BEDARD, Secretary.

 

As far as we know, they are involved in other corporations, including:

AGROPUR COOPERATIVE

AGROPUR INTERNATIONAL II INC.

AGROPUR DEVELOPMENT INC.

AGROPUR INTERNATIONAL INC.

and others.

 

 

FINANCIALS

 

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 10,000,000+

 

The business is profitable.

 

Banks:  Banque de Montreal

 

 

LEGAL FILINGS

 

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

 

Secured debts summary:   None

 

 


COMPANY CREDIT HISTORY

 

Trade references:

Date reported:                May 2014

High credit:                    CAD 20,000

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 20,000

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 600

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 satisfying credit rating.

According to our credit analysts, during the last 6 months, domestic payments were made on due date.

 

 

Other comments:

The Company maintains its business.

The bank confirmed a regular account.

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

Last report was filed on 01-23-2014.

The risk is low.

 

 

Our opinion:

A business connection may be conducted.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.88

UK Pound

1

Rs.102.59

Euro

1

Rs.81.69

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MNL

 

 

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

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

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

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.