MIRA
INFORM REPORT
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Report Date : |
14.07.2014 |
IDENTIFICATION DETAILS
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Name : |
M & M TWINS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.05.1983 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
importer, wholesaler, retailer of fine foods,
including rice, canned fish, Basmati, Red & Specialty Rice, Canned Jack Mackerel,
Coconut Products, Cheese, Ceylon Tea, Ceylon Spices, Jams & Jellies,
Chutneys, Sauces & Pickles, Danish Butter Cookies & Biscuits, Fruit
Cordials & Nectars |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 an affluent, 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 & address
Company name: M & M TWINS LIMITED
Address:
Canada
Telephone: +1
416-754-0558
Fax: +1 416-754-8541
Website: www.mmtwins.ca
Company summary
Corporate ID#: 000551869
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 05-20-1983
Stock: -
Value: -
Name of manager: Mohan
Shantipriya PERERA
ACTIVITIES
& OPERATIONS
Business:
The Company is importer, wholesaler, retailer of fine foods, including
rice, canned fish, Basmati, Red & Specialty Rice, Canned Jack Mackerel,
Coconut Products, Cheese, Ceylon Tea, Ceylon Spices, Jams & Jellies,
Chutneys, Sauces & Pickles, Danish Butter Cookies & Biscuits, Fruit
Cordials & Nectars
Imports food from 10 different countries and over 300 items.
Suppliers include:
Serendib Foods (Pvt) Ltd.,
Hendela, Wattala, SRI LANKA
Staff: 10
Operations & branches:
At the headquarters, we
find a supermarket, warehouse and office, on lease.
SHAREHOLDERS & MANAGERS
Shareholders:
This is a family owned and
managed company.
Management:
Mohan Shantipriya PERERA is
the President, Director and CEO
He is General Secretary of
the Canada Sri Lanka Business Council.
Chandrani Devika PERERA is
Director.
As far as we know, they are involved in other corporations, including:
M & M TWINS
INTERNATIONAL LTD
Federal Corporation
Incorporated on 02-28-2012
ID# 8119384
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.
Outside sources (bank) gave
estimate sales for year 2013 in the range of
CAD 4,000,000=
The business is said to be
profitable.
Banks: TD Canada Trust
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None